The Biden Recession Thread

[Wally]

So Trump brought us out of the 8 years of economic downturn caused by Obama? He turned things around? Or are you going to ignore the fact the Trump just kept riding the good wave?

Things were not so good during the Obama years. We had laid off middle mangers applying for driver helper jobs!

 

[vantexan]

So Trump brought us out of the 8 years of economic downturn caused by Obama? He turned things around? Or are you going to ignore the fact the Trump just kept riding the good wave?

You don't remember Obama saying those jobs aren't coming back? What exactly were his policies that caused a good wave? Certainly wasn't energy policies. His healthcare plan caused pretty much everyone who worked to pay more for their insurance.

 

[Gotta Go]

 

[bbsam]

His healthcare plan caused pretty much everyone who worked to pay more for their insurance.

But that didn’t include you, right?

 

[vantexan]

But that didn’t include you, right?

It did. I retired in 2017. I got hit with costs that used to be 100% company paid when I got a stent put in an artery in 2011. And my monthly premiums were much higher as opposed to a $100 annual deductible and everything else paid before.

 

[Thebrownblob]

It did. I retired in 2017. I got hit with costs that used to be 100% company paid when I got a stent put in an artery in 2011. And my monthly premiums were much higher as opposed to a $100 annual deductible and everything else paid before.

Obamacare only proved one thing, every time the government tries to “fix” an industry the unintended, (or perhaps intended) consequences make everything a disaster. Now the government would like to fix it again how many are going to fall for it? I’m going to guess the same ones who thought Obamacare would be amazing as well.

A Predictable Surprise: Twelve Years After Obamacare And We Are Worse Off Than Ever

In a recent analysis from the Commonwealth Fund, the U.S. ranked last on measures relating to access to care, administrative efficiency, equity, and overall health care outcomes, even though we devote nearly twice as much of our GDP as the average OECD country to it.

www.forbes.com

 

[bbsam]

I seem to remember that insurance companies wrote the bill and that republicans promised repeal and replace.

 

[Thebrownblob]

I seem to remember that insurance companies wrote the bill and that republicans promised repeal and replace.

Oh, so we’re making government stupidity Pardison? I don’t think I champion either side here.

 

[vantexan]

I seem to remember that insurance companies wrote the bill and that republicans promised repeal and replace.

And the Republicans ed up too.

 

[bbsam]

Oh, so we’re making government stupidity Pardison? I don’t think I champion either side here.

And the Republicans ed up too.

No. We are not making government stupidity partisan. We are pointing out that voters are stupid. They buy into phrases like “government takeover of healthcare” and “market based solution to healthcare problems”. And boogeyman terms like “socialist” and “leftist”.

Obamacare IS a market based solution written by the healthcare industry itself. It is admittedly flawed but the flaw is only superficially governmental and primarily a capitalist economy that simply doesn’t care about the health of its citizens. At least not if that health gets too much in the way of profits.

 

[Thebrownblob]

No. We are not making government stupidity partisan. We are pointing out that voters are stupid. They buy into phrases like “government takeover of healthcare” and “market based solution to healthcare problems”. And boogeyman terms like “socialist” and “leftist”.

Obamacare IS a market based solution written by the healthcare industry itself. It is admittedly flawed but the flaw is only superficially governmental and primarily a capitalist economy that simply doesn’t care about the health of its citizens. At least not if that health gets too much in the way of profits.

And you think a socialist style government controlled healthcare “cares” about the citizens?
The government “fix” from Obamacare made sure there was no competition. I don’t care if the health insurance helped write it whose fault is that? My goodness the poor government was bamboozled again? Amazing they did all that and excluded their self from dealing with any of it while they were passing this law.

 

[bbsam]

And you think a socialist style government controlled healthcare “cares” about the citizens?
The government fix Obamacare make sure there was no competition. I don’t care if the health insurance helped write it whose fault is that? Amazing they did all that and excluded their self from dealing with any of it while they were passing this law.

No. You must be someone who doesn’t purchase their insurance on the marke because everything you said was wrong.

 

[Thebrownblob]

No. You must be someone who doesn’t purchase their insurance on the marke because everything you said was wrong.

I definitely don’t. I chose right I’m sorry you didn’t. You certainly think a lot of yourself to tell me everything I said was wrong too bad most people don’t feel the same about you.. I’m glad you had a good self-esteem

 

[vantexan]

No. We are not making government stupidity partisan. We are pointing out that voters are stupid. They buy into phrases like “government takeover of healthcare” and “market based solution to healthcare problems”. And boogeyman terms like “socialist” and “leftist”.

Obamacare IS a market based solution written by the healthcare industry itself. It is admittedly flawed but the flaw is only superficially governmental and primarily a capitalist economy that simply doesn’t care about the health of its citizens. At least not if that health gets too much in the way of profits.

To some extent I agree with you. Capitalism is exploitive. It also works. Trying to force an even semi quasi socialist model on a major component of the economy, healthcare, will pretty much guarantee lower quality healthcare for most over time. Which we're pretty much seeing. So it comes down to do we want that, or do we want the better quality but will have people fall through the cracks and get hammered by high costs when they have a major medical event? Unless we can come up with something better that appears to be our choices.

 

[UnionStrong]

To some extent I agree with you. Capitalism is exploitive. It also works. Trying to force an even semi quasi socialist model on a major component of the economy, healthcare, will pretty much guarantee lower quality healthcare for most over time. Which we're pretty much seeing. So it comes down to do we want that, or do we want the better quality but will have people fall through the cracks and get hammered by high costs when they have a major medical event? Unless we can come up with something better that appears to be our choices.

You only have to look to Canada or England to see that socialized medicine doesn’t provide quality healthcare. It’s nearly bankrupt in England.

 

[Thebrownblob]

To some extent I agree with you. Capitalism is exploitive. It also works. Trying to force an even semi quasi socialist model on a major component of the economy, healthcare, will pretty much guarantee lower quality healthcare for most over time. Which we're pretty much seeing. So it comes down to do we want that, or do we want the better quality but will have people fall through the cracks and get hammered by high costs when they have a major medical event? Unless we can come up with something better that appears to be our choices.

And much of the tinkering, the government has done in the healthcare industry has caused it to be even more expensive than it Otherwise I would’ve been.

 

[bacha29]

No. You must be someone who doesn’t purchase their insurance on the marke because everything you said was wrong.

But that didn’t include you, right?

Absolutely nailed it.
To begin with VT is worried about higher insurance premiums. But, if you don't have insurance to begin with....then what is the issue?

Unfortunately, there would appear to be some who think that the employer funded health insurance they currently enjoy is something they will continue to enjoy in the years after they are done working, However, as we see with FDX they are continuing to dismember retiree healthcare plans making them ever more dependent on Medicare and perhaps later on Medicaid.

In the meantime Medicare continues to be the lowest cost provider. In addition, private insurers under the ACA are required by law to spend a minimum of 85% of their charged premiums of actual claims. Can no longer get excessively rich off the business.

Nor many years ago former House Speaker Paul Ryan unveiled his so called "Plan To Save America'. Under his plan if you want to call it that Medicare would be scrapped. In it's place Medicare enrollees would be given stipend of $7700 to go buy private carrier health insurance..... Only one problem...There wasn't an insurance underwriter in the entire world willing to write a health insurance contract for a 65 year old for $650 a month.

Anybody see or hear anything out of Paul Ryan lately?.....Or how about so called "Repeal And Replace"?....There never was one.

 

[Thebrownblob]

Absolutely nailed it.
To begin with VT is worried about higher insurance premiums. But, if you don't have insurance to begin with....then what is the issue?

Unfortunately, there would appear to be some who think that the employer funded health insurance they currently enjoy is something they will continue to enjoy in the years after they are done working, However, as we see with FDX they are continuing to dismember retiree healthcare plans making them ever more dependent on Medicare and perhaps later on Medicaid.

In the meantime Medicare continues to be the lowest cost provider. In addition, private insurers under the ACA are required by law to spend a minimum of 85% of their charged premiums of actual claims. Can no longer get excessively rich off the business.

Nor many years ago former House Speaker Paul Ryan unveiled his so called "Plan To Save America'. Under his plan if you want to call it that Medicare would be scrapped. In it's place Medicare enrollees would be given stipend of $7700 to go buy private carrier health insurance..... Only one problem...There wasn't an insurance underwriter in the entire world willing to write a health insurance contract for a 65 year old for $650 a month.

Anybody see or hear anything out of Paul Ryan lately?.....Or how about so called "Repeal And Replace"?....There never was one.

So you seem to be saying the government manipulation has caused prices to spiral out of control can only be fixed by the government, so we all need to go on single payer? Yes Medicare, what a great system you actually have to take class in order to not get screwed by your government when you go to sign up for it, they seem to have your best interest in mind. Lol you pretty much just summed up what the Republicans argument was all along that Obamacare was just a ruse in order to break the system so we would go single payer someday, because it would be completely impossible to get out of the mess.
Thank you Bernie for the breakdown
I don’t think I’ve ever said I want the Republicans in charge of it either.

 

[vantexan]

Absolutely nailed it.
To begin with VT is worried about higher insurance premiums. But, if you don't have insurance to begin with....then what is the issue?

Unfortunately, there would appear to be some who think that the employer funded health insurance they currently enjoy is something they will continue to enjoy in the years after they are done working, However, as we see with FDX they are continuing to dismember retiree healthcare plans making them ever more dependent on Medicare and perhaps later on Medicaid.

In the meantime Medicare continues to be the lowest cost provider. In addition, private insurers under the ACA are required by law to spend a minimum of 85% of their charged premiums of actual claims. Can no longer get excessively rich off the business.

Nor many years ago former House Speaker Paul Ryan unveiled his so called "Plan To Save America'. Under his plan if you want to call it that Medicare would be scrapped. In it's place Medicare enrollees would be given stipend of $7700 to go buy private carrier health insurance..... Only one problem...There wasn't an insurance underwriter in the entire world willing to write a health insurance contract for a 65 year old for $650 a month.

Anybody see or hear anything out of Paul Ryan lately?.....Or how about so called "Repeal And Replace"?....There never was one.

Love how you always try to shut down my opinions. I have relatives who are dealing with high costs. If I'm alive I'll eventually have Medicare which has seen its costs rise. It's a matter worth discussing. Obamacare didn't solve what ails our system. It just created more problems.

 

[Thebrownblob]

Love how you always try to shut down my opinions. I have relatives who are dealing with high costs. If I'm alive I'll eventually have Medicare which has seen its costs rise. It's a matter worth discussing. Obamacare didn't solve what ails our system. It just created more problems.

Seems like by design as well. It’s really easy for Medicare to get the best cost when they’re the slowest paying non-paying bully on the block.

If you like your red tape, you can keep your red tape