Federal Reserve Chair Janet Yellen : "no amount of monetary policy stimulus can make up for the fiscal policy headwinds of a cumbersome, failed regulatory state, an uncompetitive tax code"

"Mother Goose " Testifies Before the Financial Services Committee


February 17,2017
one small voice


Wall Street , “Economic growth has been quite disappointing,” Federal Reserve Chair Janet Yellen acknowledged to the Financial Services Committee on Wednesday during her Semi-Annual Monetary Policy Report to Congress, echoing points made by Chairman Jeb Hensarling (R-TX) during his opening statement that Americans have suffered through eight years of subpar growth and stagnant paychecks.

“I believe the last eight years have shown that no amount of monetary policy stimulus can make up for the fiscal policy headwinds of a cumbersome, failed regulatory state, an uncompetitive tax code, Obamacare and Dodd-Frank,” Chairman Hensarling said. “All of these must be remedied and changed if we are to have a healthy economy for all and bank bailouts for none.”

Monetary Policy and Trade Subcommittee Chairman Andy Barr (R-KY) called for a strategy-based monetary policy rather than the Fed’s improvisational approach.

“The American people are ready for a change -- a change from the Fed's unconventional and unpredictable policies, a change from the Fed's inaccurate projections of growth, and a change from disappointing economic results. It's time for the Fed to begin prudently shrinking its balance sheet, end its easy money policies that have fueled government borrowing, and shift to a more firmly grounded strategy-based policy that will assure price stability, facilitate commerce wherever it shows promise, and create the conditions for strong economic growth,” he said.

Jim Crammer agrees Market Rallies on Obama's Policies failing to make a lasting Impact

CNBC's Jim Cramer: Brown Win Tuesday Causes Huge Stock Rally As Investors Celebrate 'Pelosi Politburo Emasculation'

Read more: http://newsbusters.org/blogs/noel-sheppard/2010/01/17/jim-cramer-brown-win-causes-huge-stock-rally-investors-nervous-about-#ixzz0cuNNpPBO

GE looks to bring new profits to life :Obamanomics

It seems to blatantly obvious that GE and their media outlets NBC, MSNBC, CNBC etc. are incestuously in bed with the Obama Administration’s Socialist Agenda and Obamanomics.

But look a little deeper and even a casual observer would notice that not only are GE’s media properties propping up the Obama administration but GE Capital has received billions in bailout money , GE alternative energy and GE carbon trading units will benefit from Cap and Trade and GE’s medical technologies unit will benefit massively from Obamacare .Even GE’s Defense Units look to benefit when President Obama signs a defense bill approving funds to build a second GE engine for the F-35 Joint Strike Fighter Program .On foreign Policy GE received an invite to site down with Vladimir Putin after the abrupt foreign policy change made by President Obama on the European Missel Shield.

Jeffery Immelt, Chairmen of GE is a member of Obama's Economic Recovery Advisory Board. Mr. Immelt is not only an Obama supporter and financier but he has become a big proponent of “Global Warming” with GE being one of the prime beneficiaries of the proposed “Cap and Trade “ legislation.

GE is building major businesses in a lot of industries that should benefit from an Obama presidency ,wind power and other sustainable energy sources, healthcare technologies, railways. Power generation, aviation and clean water technologies.

GE looks to gain from virtually every aspect of the Obama agenda weather its nationalized medicine ,cap and trade, bank bailouts and perhaps with all their falling ratings a main stream media bailout. After all FOX News now has higher ratings than all its competitors combined and one wonders if the their current war with the white house has more to do with Obama’s attempt to prop up his media buddies and help GE.

General Electric (NYSE:GE) is the parent company of the major media conglomerate NBC Universal, which owns media outlets NBC, MSNBC and CNBC. At times that has led to the lines between corporate advocacy and journalism being blurred. While NBC is now the mouth piece for the Obama administration MSNBC and CNBC continue to front for the socialist agenda unfolding in Washington. Over and over again Immelt has used his platform at CNBC to make the case for a cap-and-trade program to curb emissions something Obama has called for and the one a Congressional committee is debating this week.

So this all begs the question : does GE own the Obama administration?

Democrats and the Big Lie : Health Insurance's "obscene profits."

Democrats and the Big Lie : Health Insurance's "obscene profits."

"I'm very pleased that (Democratic leaders) will be talking, too, about the immoral profits being made by the insurance industry and how those profits have increased in the Bush years." House Speaker Nancy Pelosi, D-Calif.

Once again the Democrats in Congress are looking for a fall guy to cover their attempt to Nationalise Health care through the "Goverment Option". This time to no ones surprise its Health Insurance companies. Contrary to popular media driven misconceptions Health insurance profit margins typically run about 6 percent. However burdened by huge state mandates and anti-competitive regulations profits barely exceeded 2 percent of revenues in the latest annual measure.2% profits are anemic compared with other forms of insurance or a broad array of industries, even some very beleaguered ones. Credit ratings of some of the largest insurers have been downgraded to negative from stable heading into this year.Investors are looking at stagnant if not a shrinking market for private health plans. Investors also fear the health care surcharge in the latest health care bill will have a devastating affect of penalizing private plans and making private Health Insurance unaffordable, forcing millions into the government run plan.

Congressional Democrats are looking to add another notch in their belt after regulating the private mortgage market into crisis and pushing the US into one of the worst recessions since the great depression.

Unemployment Rate surges to 9.8 % as Obama’s stimulus package is pronounced failure

The Labor Department said the unemployment rate was the highest since June 1983 and payrolls have now dropped for 21 consecutive months.U.S. employers continue to cut a jobs in September, ballooning the unemployment rate to 9.8 percent, raising fears that the weak labor market is continuing to undermine the economy.

It seems obvious now that the government lead stimulosus package has been a complete and utter failure. Businesses continue to postpone key decisions while congress and the president debate ever higher taxes for health care ,and cap and trade . It seems no one wants to make a decision when the air of uncertainty is so heavy.

Both consumers and business face the specter of significantly higher taxes, higher energy costs, more regulation ,higher healthcare cost and significantly lower demand as the US Government continues to expand and control ever increasing pieces of the economy.

ObamaCare Hidden Truth

CNN: More View Obama's Presidency as a 'Failure' Than Bush's

After 6 Months, More View Obama's Presidency as a 'Failure' Than Bush's

http://realclearpolitics.blogs.time.com/2009/08/06/after-6-months-more-view-obamas-presidency-as-a-failure-than-bushs/


A rather surprising finding from the newly released CNN poll. Question three on the national survey of 1,136 adults (which includes an oversample of African-Americans) asks, "Do you consider the first six months of the Obama administration to be a success or a failure?"

Thirty-seven percent (37%) said they believe the Obama administration is a "failure," while 51% consider it a "success" and 11% say it's still "too soon to tell."

An identical question was asked of the Bush administration in an August 2001 CNN/Gallup/USA Today survey. At the time, 56% said the Bush administration was a "success" while only 32% considered it a "failure."

http://realclearpolitics.blogs.time.com/2009/08/06/after-6-months-more-view-obamas-presidency-as-a-failure-than-bushs/

what’s the point of all being covered if you cant get any health care?

Health Care Reform :

I see nothing in the Presidents Plan to alleviate the main short falls the current system.

In simple terms the main issue is our current 3rd Party Payer System separates the health care itself from the people responsible for paying the bills. This creates incentives to use the system as much as possible with no regard to need and interferes with the doctor patient relationship by a distant administrator who has no vested interest in a healthy out come only cost.

This type of system creates three major short falls :

1) access

2) choice

3) coast

The Presidents Nationalization of Healthcare does little to address these issues and in fact will exacerbate these very problems.

Replacing Insurance companies with a single government payer will even further distance the payment of services form the health care itself . It will also replace what little competition we have now with none at all. The Nationalization of Healthcare will also result in turning over your health care to the very regulators who through the byproduct of their attempt to regulate have reduced services, limited access ,limited choice and raised costs . Again the administration is trying to make the insurance industry the scape goat but has offered no evidence that the a Governmental Super Payer would act any differently and countless experiments across the world would suggest that Nationalization would make these issues even worse.

Basically one can take all the same arguments against the current system and make them against the Nationalization proposal. History has show us time and time again that diminished competition equals increased coast and lower levels of service. History has also shown us that over time single governmental systems cut services to cut costs. Are you willing to wait 2 years to get an MRI? Are you willing to be told your autistic child is a cost drain on the system and its not worth it or your Grandmother has out lived her usefulness and she should do her bit and be put to sleep?

This leaves the proponents of Obamacare with one issue ;universal coverage. The problem is high cost and poor service eventually leading to rationing effectively make this argument moot.
So the question remains what’s the point of all being covered if you cant get any health care?