Thursday, May 11, 2017

TRUMP - HEALTH CARE...YOUR CRISIS, NOT HIS...(ORIGINALLY PUBLISHED 3/27/17)

The chess battle over health care will cost you a lot of money.  It doesn't matter what your ideology is it will cost you a lot of money, each and everyone of you.

Simply put, this is the story.  Approximately 65% of medical dollars spent go to labor, directly or indirectly.  That's the millions of people who provide the health care system, whether they work for a hospital or a biotech company.  Labor is 65% of every dollar received by the medical profession.

The revenues for the medical industry (in entirety) can either be paid for by the government (TAXES) or by individuals (PREMIUMS).

When you pay the taxes to the government for the medical industry they are either called Medicare, Medicaid or something similar.  When you pay the premiums to your insurance company they are paid for by your personal income.  So you either pay taxes or premiums, both are used to pay the workers in the medical profession 65% of those two numbers.

No politician is willing to tell the people who don't work in the medical profession that medical expenses are destined to rise PERMANENTLY.  The cost of labor is not going down so we will have a continuing rise of medical care costs.  There is no competition.  There is basically a single payer system and that's just the way it is.  So forget the politics.  It's bogus.  

Thursday, May 4, 2017

THERE'S A LOT OF GOOD THINGS GOING ON...(ORIGINALLY PUBLISHED 6/8/12)

Watch the news, pick up a magazine especially newspapers, watch the TV and immerse yourself in the "everythings wrong" philosophy.

The democratic process, with its unbelievable capacity for openness and sharing of thoughts, seems to thrive on conflict. This conflict results in a vibrant Nation that lurches forward with small and gigantic steps.

All around us the pundits of doom sell negativism.

The reality is anything but. The enormous strides made by democracy and capitalism in the last few decades are incomprehensible. Almost every country has seen the standard of living of its people rise. There is no longer a significant chance of slipping back into extreme socialism and communism. All about us the engine of American and World creativity is blossoming into a whole new era that is only at its beginning.

Cars are changing, jet planes are making huge strides, biotechnology is still alive and well. The immensity of the Internet and all the companies that are continually being spawned is almost too much to grasp. Old industrial America is stabilizing. Revolution in America is not realistic for many years, if ever.

Markets get ahead of themselves, competition for profits is intense and there is a continuum of winners and losers in most spheres of life. The government in all its confusion functions. There is an awareness that so many major components of our democracy need revitalization. So all is not lost.

The market doubled too quickly from its lows. No one I know bet the house on 1 1/2% 10 year government bonds. Most observers are focused on everything but the real picture.

The real picture is our ingenuity. The fact is that most people go to work everyday and most enjoy their jobs.

The deficits will not sink the ship (although they should be brought down). Europe will not sink. Greece will still be there and so will Spain. And Russia, with all its recalcitrance will not do anything stupid. So seek your opportunity, use common sense, pay attention to what you are doing and praise the fact that everyday there is opportunity.

Tuesday, April 25, 2017

IRAQ & SYRIA...THE CUBAN MISSILE CRISIS REVISITED AGAIN...(ORIGINALLY PUBLISHED SEPTEMBER 2013)

North Korea was on the front pages just a few months ago.  Obviously the Chinese, who are the major suppliers of everything to North Korea, told them in strong terms to cease and desist.  There is no possible way the North Korea leadership would or could stand up to the Chinese.
Crisis resolved, off the front pageS, on to the next thing...

As Russia is the major supplier to Syria, you would suspect that they could have very significant influence on the Syrians behavior.

Russia's economy is extremely dependent on energy prices.  Crisis in the Mideast causes prices of oil and related commodities to rise.  Russia's economy is able to sustain itself on the higher energy prices.

As a general rule, the United States doesn't like energy prices this high and would like to see the chaos in Syria come to a halt.

President Obama goes to the Russians and says; "Hey you can bring a stop to this so please do it".  The Russians know the Americans can't stand confrontation.  They foresee the chaos in that part of the world potentially leading to increased influence of the Russians over the entire Mideastern oil supplies.

Here is the "real story";  what we are witnessing in Syria has little to do with the sociopathic Assad and the rebel terrorist organizations.  It is totally a confrontation between the United States and Russia and has the potential to move in the direction of the Cuban Missile crisis, not just a Mideast conflict.

Russia could easily bring an end to what we see going on in Syria by joining with the US and western nations.  They see little need to do that because so far President Obama is neither President Kennedy, President Reagan, President Roosevelt or Churchill.  He is hiding behind his "bodyguards", the "CONGRESS", and is afraid to confront the real perpetrators of the catastrophe in Syria.  

Thursday, April 20, 2017

THE TERRORISTS OF THE IRS...(ORIGINALLY PUBLISHED 5/17/13)

It was during the Abraham Lincoln administration that the first federal income tax program was legislated.

It was also the beginning of the progressive tax, where the more you made the higher percentage you paid.  In effect, if you made more you were TARGETED to pay a higher percentage of your income.

Since then each political party has targeted one thing or another to benefit one constituency or another.  We have special tax programs homeowners, investors, municipalities, charities, stocks, solar energy, education, natural resource discovery, etc. etc. etc. Its the American way to use the tax system for both political and economic purposes.

Consequently, as repulsive as it is, it should not be surprising that people in the current administration may have been involved in targeting groups that they may have wanted to penalize.  The IRS does not have a random lottery system approach to its auditing program.  It targets based on specific criteria, which in many cases have nothing to do with breaking any laws.

We really don't want to get into a long dialogue about the IRS. Unfortunately the question now is; has a rogue group of left wing politicians, so hell bent on destroying political forces that do not support agendas other than theirs, been able to use the office and powers of the IRS to achieve their goals.

Some very evil people have come to power world wide using the force of corrupt government to wipe out opposing views.

Monday, April 10, 2017

SAFETY TRUMPS PRIVACY...(ORIGINALLY PUBLISHED DECEMBER 2013) NOW ORLANDO....

A recent round-table discussion centered on why security at schools should not include metal detectors and other signs of collective safety.

The argument focused on the deterioration in the quality of schooling which would occur if the schools began to feel more like fortresses rather than educational institutions.

The debate concerned the intrusion of tighter security into the freedom of our schools, which should not be imposed by criminal elements.  The logic went that if the additional security measures were enacted the bad guys had basically won the day.

You could argue and discuss this for a long time but at the end our schools still remain vulnerable.  This last incident in Colorado could very easily have resulted in  many, many more deaths.  We were just lucky.  We might even make the claim that the increased security since Columbine substantially saved a number more lives.

I wonder if the D.C. Federal Judge would have so smugly undermined the constitutionality of the anti-crime terrorists surveillance if "his kid" was blown away by a mad person because security failed to trump our over expectations of what it means to be a free society.

Without safety , the Constitution will lose its value.


Wednesday, April 5, 2017

GAS ATTACKS & SYRIA.."400,000 DEAD"...(ORIGINALLY PUBLISHED 8/29/13)

When the Syrian insurgency began President Obama was given a "one time only" opportunity to quickly prevent escalation.  Inaction was followed by inaction and well over 100,000 people have been killed, wounded or misplaced.

The complexity of facilitating an end to the carnage now, creates a much more difficult, expensive. risky and limited set of options.

As we wrote in an earlier blog, the cost of ending atrocities early would have been much less than the cost is today and the longer term implications of inaction are not any clearer.

The character of any President is most tested when issues of life and death for many take over the landscape.


Monday, February 27, 2017

FAKE MEDIA...MUCH WORSE THAN YOU CAN POSSIBLY IMAGINE

This is by far the most important blog we have written in the six years of the existence of our site.

There is no such thing as the free press and media.  There are however less than a dozen large companies that control practically all of the TV stations, radio stations, Internet access, newspapers, etc.

They are Disney, Viacom, Comcast, CBS, Fox and half a dozen others.

These are companies whose sole objective is to increase the value of their shares by attention getting words and pictures.

ALL OF THE PEOPLE WE SEE ON TV ARE ACTORS AND EMPLOYEES OF THESE LARGE CORPORATIONS.  THEY ALL WORK FOR A HIERARCHY OF MANAGERS AND MUST ADHERE TO THE CORPORATE POLICIES AS SET FORTH BY THE CHIEF EXECUTIVE OFFICER, THE BOARD OF DIRECTORS AND THE CONTROLLING SHAREHOLDERS.

In addition, almost all the so-called media are reading from teleprompters words that are produced and written by people in the back room probably with an average age of less than 40.

A small group of executives control the media so when President Trump says fake media he is not too far off base.

I will close with one example. In the New York Times Sunday Magazine section dated February 26, 2017 there was an article about the increase in private school enrollment..  If you look at the statistics in the enrollment in private schools you will  find the left wing writer made up the story based on completely inaccurate facts. Private school enrollment is down.  A perfect example of completely fake news.

So when you are watching TV or reading the news,  it is not free speech it is entertainment.

If you really want to get confused, remember that CNBC really should not be in the business of giving investment advice to the public.  What an abomination.  
 

Shepard Osherow. All Rights Reserved