Author Archives: Doug Badger

What Will The Poor Pay for Obamacare?

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Credit Huffington Post

Mil­lions of unin­sured Amer­i­cans with low incomes will find that cov­er­age under Oba­macare isn’t free. How they react to that brac­ing bit of news will help deter­mine whether the law suc­ceeds. [Cred­it: Huff­in­g­ton Post]

Pres­i­dent Oba­ma promised change.  Oba­macare will bring it.  But one of its most far-reach­ing changes has noth­ing to do with health care.  Con­tin­ue read­ing →

How’s That Cyprus “Bail-In” Working Out?

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The Cyprus "bail-in" is no more popular today than when it was hatched last spring. [Credit: CNNMoney.com]

The Cyprus “bail-in” is no more pop­u­lar today than when it was hatched last spring. [Cred­it: CNNMoney.com]

You may remem­ber Cyprus, the Mediter­ranean island that grabbed inter­na­tion­al head­lines last March when its gov­ern­ment was com­pelled by Euro­pean author­i­ties to seize mon­ey that indi­vid­u­als and busi­ness­es had deposit­ed in the country’s two largest banks.

The “bail-in” of Cypri­ot banks, so called because it requires peo­ple who have deposit­ed their mon­ey in fail­ing banks to help save those banks by for­feit­ing some of their deposits, is a por­tent of bank res­cues to come.  Con­tin­ue read­ing →

A Congress United … on Obamacare

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A famously fractious Congress has at last found common cause: getting out from under the Obamacare provision that would take away their health insurance subsidies. [Credit: sightsonpennsylvania.blogspot.com]
A famous­ly frac­tious Con­gress has at last found com­mon cause: get­ting out from under the Oba­macare pro­vi­sion that would take away their health insur­ance sub­si­dies. [Cred­it: sightsonpennsylvania.blogspot.com]

[NOTE: This post has been updat­ed to reflect recent devel­op­ments.]

Con­gress hasn’t been this unit­ed since the Ger­mans bombed Pearl Harbor.

Its 535 Mem­bers — com­pris­ing dif­fer­ent polit­i­cal par­ties, ide­olo­gies, races, gen­ders and geo­graph­ic inter­ests — and its thou­sands of aides are fix­at­ed on a sin­gle thing.

Immi­gra­tion reform? Unrest in Egypt? The loom­ing debt ceil­ing expi­ra­tion with its prospect of US gov­ern­ment default? Con­tin­ue read­ing →

Egypt: It’s Not About Democracy

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Protesters crowded Tahrir Square in Cairo earlier this month to call for their President's ouster. The military obliged them. [Credit: Washington Times]

Pro­test­ers crowd­ed Tahrir Square in Cairo ear­li­er this month to call for their Pres­i­den­t’s ouster. The mil­i­tary oblig­ed them.  Is that the tri­umph of democ­ra­cy or just a mil­i­tary coup?  [Cred­it: Wash­ing­ton Times]

The Oba­ma pres­i­den­cy, now well into its fifth year, seems as flum­moxed by glob­al devel­op­ments as it did in its first. Egypt pro­vides the most recent exam­ple. Con­tin­ue read­ing →

Obamacare: We Don’t Need No Innovation

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The Ford Edsel didn't last, but the 1965 Medicare benefit remains largely unchanged nearly 50 years later. [Credit: phrenicea.com]

The Ford Edsel did­n’t last, but the anti­quat­ed Medicare ben­e­fit did, still large­ly unchanged near­ly 50 years lat­er. 
[Cred­it: phrenicea.com]

Begin­ning next Jan­u­ary, it will be ille­gal for insur­ance com­pa­nies to sell poli­cies mod­eled on the ben­e­fit that mil­lions of seniors receive through Medicare.

And that’s a good thing. Con­tin­ue read­ing →

The Fed, the ECB and La Dolce Vita

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Fellini celebrated "La Dolce Vita" in his film classic. Today, Italians may feel as though they're living in a Fellini flick. [Credit: theworld.org]

Felli­ni cel­e­brat­ed “La Dolce Vita” in his film clas­sic.  But a strug­gling econ­o­my, wob­bly banks and frac­tious pol­i­tics threat­en to take the “dolce” out of their vita. [Cred­it: theworld.org]

Stran­gozzi is the char­ac­ter­is­tic pas­ta of Umbria, Tuscany’s hot sister.

Con­tin­ue read­ing →

Harry Reid and Government Power Creep

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Why is this man so sad? [Credit: themediahaven.com]

Why is this man so sad? The Sen­ate’s most pow­er­ful man yearns for more pow­er.  [Cred­it: themediahaven.com]

Nobody does sad­ness like Har­ry Reid (D‑NV). His deflat­ed body slumped over the podi­um atop his Sen­ate desk, head shak­ing slow­ly, his faint raspy voice a mix­ture of res­ig­na­tion and exas­per­a­tion, Reid spends much of his time as the Senate’s most pow­er­ful fig­ure bemoan­ing his lack of pow­er. Con­tin­ue read­ing →

Immigration Reform: Will It Boost The Economy Or Hurt It?

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Supporters of immigration reform say it will spur growth and raise living standards. Opponents disagree. Who's right? [Credit: ABCNews.go.com]

Sup­port­ers of immi­gra­tion reform say it will spur growth and raise liv­ing stan­dards. Oppo­nents dis­agree. Who’s right? [Cred­it: ABCNews.go.com]

“Immi­gra­tion Reform Would Boost Econ­o­my, CBO Report Finds,” ABC News report­ed last week.

Not exact­ly.

Con­tin­ue read­ing →

Presidents, Reality TV and Technical Truth-Telling

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People say the darndest things when "Cheaters" host Joey Greco catches them in compromising positions. Presidents, too, sometimes find themselves on the defensive. When they do, we should think carefully about what they're saying.

Peo­ple say the darn­d­est things when “Cheaters” host Joey Gre­co catch­es them in com­pro­mis­ing posi­tions. Pres­i­dents, too, some­times find them­selves on the defen­sive. When they do, we should think care­ful­ly about what they’re saying.

Admit it. You enjoyed the eight-year real­i­ty show that was the Clin­ton White House as much as I did. Before there was “Cheaters,” there was the Pres­i­dent lyin’ and denyin.’ Before there was a “Real House­wives” fran­chise, there were rumors of the First Lady throw­ing a lamp (or was it a Bible?) at her hus­band (or was it a Secret Ser­vice agent)?  Before we were Keep­ing Up with the Kar­dashi­ans, we were delight­ing to gos­sip about the First Fam­i­ly of Dys­func­tion. The sto­ries didn’t have to be true, only believ­able. And they almost always were.

Con­tin­ue read­ing →

Health Insurers and Democrats: An Awkward Embrace

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W and O share an awkward embrace. (Credit: Life)

Pres­i­dent Bush and Oprah shared an awk­ward embrace — but not near­ly as awk­ward as the one between health insur­ers and the Admin­is­tra­tion.  (Cred­it: Life)

When it comes to health insur­ance com­pa­nies, the Demo­c­ra­t­ic par­ty is divid­ed between those that don’t like them and those that real­ly don’t like them.

The suc­cess of the new health law, how­ev­er, depends in large part on the will­ing­ness of insur­ers to par­tic­i­pate in its health insur­ance “exchanges.”

How’s that work­ing out? Con­tin­ue read­ing →