On May 7th, it was revealed that
the Obama administration spent $8.35 billion on a “demonstration
project” designed to postpone the vast majority of Obamacare’s Medicare
Advantage cuts until after the election. On July 31st, it was revealed that
the Labor Department warned defense contractors against notifying
workers of impending layoffs before the election as well, despite the
fact that it would require violating the law to do so. On September 21,
it was revealed that
a report on the Greek bailout will also be postponed until after the
U.S. election. On September 13th, Fed Chief Ben Bernanke announced that
he will be pursuing a third round of Quantitative Easing (QE3), once
again under the auspices of “stimulating” the economy. The over-arching
theme here is clear: anything that constitutes an “inconvenient reality”
for this president, especially with respect to economics, will be
delayed until after the election.
Thus, the president can continue to campaign on the “heartless” cuts a Romney administration will administer to healthcare in general, and seniors’ healthcare in particular, even as those same seniors remain oblivious to the reality that $7.4 billion will be cut from the Medicare Advantage program in 2013. As a result, enrollees will lose an average of $515 in benefits. Americans remain equally oblivious to the reality that family health insurance premiums have gone up by an average $2,730, despite a 2008 promise Obama made to lower premiums by $2500 by the end of his first term.
With respect to layoffs of employees who work in the defense industry, the Worker Adjustment and Retraining Notification (WARN) Act is quite clear: employers are required to give employees 60 days notice before mass layoffs take place. As a result of the failure of the congressional super-committee to reach a budget deal during the debt ceiling negotiations last August, automatic cuts in defense spending, aka sequestration, are scheduled to kick in on January 2nd. If the WARN Act were enforced, thousands of defense employees would receive their layoff notices on November 3rd–three days before the election.
Read more: http://frontpagemag.com/2012/arnold-ahlert/obama-suppressing-news-of-economic-disaster-ahead/?utm_source=rss&utm_medium=rss&utm_campaign=obama-suppressing-news-of-economic-disaster-ahead&utm_medium=referral&utm_source=pulsenews
Thus, the president can continue to campaign on the “heartless” cuts a Romney administration will administer to healthcare in general, and seniors’ healthcare in particular, even as those same seniors remain oblivious to the reality that $7.4 billion will be cut from the Medicare Advantage program in 2013. As a result, enrollees will lose an average of $515 in benefits. Americans remain equally oblivious to the reality that family health insurance premiums have gone up by an average $2,730, despite a 2008 promise Obama made to lower premiums by $2500 by the end of his first term.
With respect to layoffs of employees who work in the defense industry, the Worker Adjustment and Retraining Notification (WARN) Act is quite clear: employers are required to give employees 60 days notice before mass layoffs take place. As a result of the failure of the congressional super-committee to reach a budget deal during the debt ceiling negotiations last August, automatic cuts in defense spending, aka sequestration, are scheduled to kick in on January 2nd. If the WARN Act were enforced, thousands of defense employees would receive their layoff notices on November 3rd–three days before the election.
Read more: http://frontpagemag.com/2012/arnold-ahlert/obama-suppressing-news-of-economic-disaster-ahead/?utm_source=rss&utm_medium=rss&utm_campaign=obama-suppressing-news-of-economic-disaster-ahead&utm_medium=referral&utm_source=pulsenews
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