Whoops!

Last week, the state of California claimed that its version of Obamacare’s health insurance exchange would actually reduce premiums. “These rates are way below the worst-case gloom-and-doom scenarios we have heard,” boasted Peter Lee, executive director of the California exchange. But the data that Lee released tells a different story: Obamacare, in fact, will increase individual-market premiums in California by as much as 146 percent.

One has to read the article at Forbes. My point, Obamacare is going to be a deep multiplier less than one in California. Mainly because by necessity, California is becoming our specialized Obamacare state, and the other states who send their patients to us seldom pay their bills.

ACLU, racists Jim Crow Jackasses

The American Civil Liberties Union of California and the Asian Pacific American Legal Center threatened yesterday to sue the state within 30 days if it doesn’t ensure that school districts provide more than 20,000 students with limited English proficiency the services to which they’re legally entitled.

Here is the link. I have news for the Jim Crows in the ACLU and in California. Look at that name of the state, look at the names of our cities. California is the Hispanic state of the USA, and bilingualism is a very useful skill. But Jerry and the racists at the ACLU seem to think that only Hispanics need to learn English. Have they considered the other minority, the ANglos? Migght be a good idea for them to learra little Spanish, yathink? Bilingualism is important say so. But if the ACLU and the racists Brown think only Hispanics need be bilingual then welcome to slavery because there is another minority in California, Anglos. It might just be a good idea to give Anglos a bit of Spanish, ya think? Racism, oligarchy, and just plain immoral assholes in Jerry Brown's office and in the ACLU.

News on government healthcare

The study, released last week in the New England Journal of Medicine, looked at the impact, after two years, of Oregon's decision to expand Medicaid in 2008. Because the state didn't have enough funding to expand the program to everybody who wanted to apply, lawmakers held a lottery for potential applicants. This provided a unique opportunity for researchers to compare a random sample of 6,387 low-income adults who were able to enroll in the program with 5,842 who were not selected. Researchers found that those who enrolled in Medicaid spent a lot more on medical care than those who weren't able to enroll, but didn't significantly improve their health physical outcomes. The Oregon study "did not find significant changes in visits to the emergency department or hospital admissions" when comparing the uninsured population to those who received Medicaid.

So, if a citizens engages in multiplier less than one activities with government, the citizen loses money. Wadya know!

My favorite indicator

This is a proxy for the gains from specialization, the consumer price index over the producer index. It is reliable and it has been well anchored for some time. Essentially it shows that we are stable, near the bottom, but stable.

What the economy is doing is working the 30 year problem.  When the economy solves that problem we will boom a bit.  What is the 30 year problem?  The almost consistent decline in yields in the dollar economy since 1980.  Economists are still debating the cause and it is a great game of Wodunnit. I also noticed that oil is back up to 96 and I hope we can stay put with this price. We will see.

Richard Nixon returns!!!!

God Help us all