...House Democrats

Somehow Nancy Pelosi is still in power, this time as Minority Leader for the Democrats in the House with a 150-46 vote. I know she has some sort of power and control over those around her, but this was just a bad move. I do believe that when the Republicans gained control of the House it was a good move, sort of, and that they would be able to sit down with the President and force him to compromise and they would be able to argue but eventually work out deals. Now with Nancy back no one is going to do anything. This is what Nancy wanted. It will get Obama re-elected because they will be able to blame the Republicans for blocking everything the President wanted to pass, but the real culprit will be Nancy. Just look at this remark she gave reporters after she was elected Let me put that in perspective. How would your ratings be if $75 million were spent against you?" she said, referring to the television ad campaigns of Republican candidates and allied groups. "Because I'm an effective leader, because we got the job done on healthcare and Wall Street reform and consumer protections, the list goes on. Because they know that I’m the person who can attract the resources, both intellectual and otherwise, to take us to victory because I have done it before." For some reason I have just never been a fan of hers. She seems to have some sort of alteior motive that no one but Nancy knows. I am not ready to see what sort of mayhem lies ahead for the new Congress next year. I must give this move 2 Digits Down.

...Health Care Waivers

Here we go again The controversial health care plan that had all of America abuzz is doing it again. With almost 1 million employees about to lose their health care coverage, 30 companies we given waivers. The waivers were given in order to make sure that they employees did not lose their coverage, because their employer threatened to drop them, and to make sure that they did not have to pay high premiums out of their own pocket. Some of the companies that received these waivers were: McDonald's, Jack in the Box, Aetna and Cigna. The law says that employers and their insurer have to offer an annual coverage limit of least $750,000 by 2011, $1.25 million by 2012 and to $2 million by 2013. McDonald's had this to say, "We remain in conversations with our current provider and are confident that we'll continue to provide health care coverage for our 30,000 hourly restaurant employees. We're pleased and encouraged by the progress that's been made by the Federal government on this issue." Since the law does not take effect until 2014 the companies can apply for these waivers until then, which Cigna said it plans to do. I think this is just perfect. Eventually these companies will have to pay out huge sums of money annually for health care and somehow it will be paid for by the customer. I assume these companies think that the law will be tweaked by the new Congress and Senate that is about to come into term, which is probably true. Many economist and business majors told the President and those in Congress that this could happen, but they did not care! They did exactly what they wanted to do and that crappy bill became a crappy law. I am giving these waivers a Digit Down.