by Mark Silva
Republicans voted against the economic stimulus in the House. They voted against the health-care overhaul in the House. Most of them voted against the "cap and trade'' energy bill in the House, though the handful of Republicans who supported that bill helped pass it.
And, today, Republicans in the House voted against the most sweeping overhaul of financial regulations since the Great Depression, a sprawling measure creating a new agency to protect consumers and give the government broad new powers to dismantle large firms that pose risks to the economy. It narrowly passed, by 223-202.
Could it be that President Barack Obama has found his sweet spot in the fight with a party that has staked its position as anti-president?
Long before Obama took office, the former secretary of the treasury, Henry Paulson, was calling for a streamlining of federal regulatory authority over the nation's financial markets, condensing the alphabet soup of often cross-purposed federal agencies into a triumvirate of powerhouses with the ability to keep the markets clean. That was the Bush treasury secretary who also pressed for the bailout of Wall Street.
And today the House has passed such a regulatory measure - with the new Democratic president explaining his motivation.
"I did not run for office to be helping out a bunch of fat-cat bankers on Wall Street," President Barack Obama says in an interview with CBS News' 60 Minutes airing Sunday.
The president also notes that the only firms paying out big executive bonuses and averting the pay caps that the government set for firms drawing aid from the Troubled Assets Relief Program funds are the ones that paid the money back.
"I think that in some cases, [to be able to pay bonuses] was the motivation," he tells CBS interviewer Steve Kroft. "Which I think tells me that the people on Wall Street still don't get it...They're still puzzled why it is that people are mad at the banks.
"Well, let's see. You guys are drawing down 10, 20-million dollar bonuses after America went through the worst economic year...in decades and you guys caused the problem.''
Obama may not be talking much with FOX News, but his conversations with Kroft of 60 Minutes are beginning to look a little like Sundays with Morley and crew.
The president also addresses his new Afghanistan war strategy, a deployment of an additional 30,000 troops that also includes a planned drawdown starting in July 2011. See what the president tels 60 Minutes about the war here:
In the talk airing Sunday night, the president says the only Wall Street firms paying out big bonuses and averting the pay caps which the government has set for firms that used the Troubled Assets Relief Program are the ones that paid the money back. Could they be paying the government back in order to preserve their bonuses?
"I think that in some cases, [to be able to pay bonuses] was the motivation," Obama says in the interview. "Which I think tells me that the people on Wall Street still don't get it...
"They're still puzzled why it is that people are mad at the banks. Well, let's see. You guys are drawing down 10, 20 million-dollar bonuses after America went through the worst economic year...in decades and you guys caused the problem,...
"What's really frustrating me right now is that you've got these same banks who benefitted from taxpayer assistance who are fighting tooth and nail with their lobbyists ...up on Capitol Hill, fighting against financial regulatory control," the president tells Kroft.
And the Republicans voted against the bill.
Which could be the best news that a president enmeshed in a health care and energy debate and fending off criticism for his economic stimulus could ask for these days.
Democrats today said that Republicans were more concerned with protecting deep-pocketed Wall Street firms than enacting new regulations to prevent average Americans from suffering through another financial crisis.
"The Republican position is: business knows best. Do not have any rules, do not prevent . . . any of the irresponsible, reckless, over-leveraging that happened and led to the crisis," said House Financial Services Chairman Barney Frank (D-Mass.), who led the push for the bill.
But Republicans said the legislation amounted to a federal takeover of the financial services industry and smacked of socialism.
"It's about the difference between a free-enterprise economy and a managed and controlled economy," Rep. Steve King (R- Iowa) said of his party's approach. "It's about the difference between liberty and . . . a socialized economy."
Jim Puzzanghera of the Washington Bureau contributed.





Comments
Why don't we get it over with and just give him his own show...he seems to have trouble not being on for any protracted period of time...and those bonuses his angry about need to go to his fat cat friends, not the guys on Wall Street...
Posted by: Barry J | December 11, 2009 10:24 PM
By the time this thing gets through the Senate, it will contain enough loopholes to sail the "Oasis of the Seas" through them and still have room for John D. and his Murano. Between the obstructionist Pugs and the bought-and-paid-for Blue Dogs, no chance that the final version of this bill will have any teeth.
Remember the promises we heard after the Savings and Loan fiasco, Enron? The Corporatocracy in this country will see to it that the little people continue to get screwed.
Posted by: dt☢ | December 11, 2009 10:49 PM
"I did not run for office to be helping out a bunch of fat-cat bankers on Wall Street," President Barack Obama says in an interview with CBS News' 60 Minutes airing Sunday.
Seems that his fellow socialists don't agree:
http://www.wsws.org/articles/2009/sep2009/pers-s05.shtml
Posted by: Free to Watch Whatever I Want | December 11, 2009 10:49 PM
"I did not run for office to be helping out a bunch of fat-cat bankers on Wall Street," ~ Mustapha Mond
----------------------
Mustapha has his own “Fat Cats”. Mustapha’s “Fat Cats” are a BETTER class of “Fat Cats”.
Posted by: Django - N Exile In/Around the 30th Parallel | December 11, 2009 10:56 PM
Sorry, Mark, but this bill will not gain Obama favor with the public either. Most Americans do not want the government in the business of deciding business. Sure, some oversight and regulation is needed. Some.
But government is largely inefficient. Government mishandles money. More crimes occur under government than it does in business. Will Obama and the Democratic monsters in Congress give someone like Todd Stroger a cushy job overseeing and dismantling businesses the government deems dangerous after he loses his chance at Crook County Board president?
Or perhaps Chris Dudd, who has had cushy arrangements with Countrywide and AIG, among others, and who was part and parcel part of some of the problems that hurt the economy, after he loses his bid for re-election?
And, demented twin, yes, I love my Murano. By far, the best car I've ever had!
Posted by: John D, still right, as usual | December 11, 2009 11:39 PM
He didnt run to help the fat cats, he ran so that his 'friends' who cheated on their income tax, could get govt jobs...
Posted by: city guy | December 11, 2009 11:40 PM
Republicans stopped working for the people a long time ago. They are more concerned with protecting Corporate profits. Its about time that we all call them out on the carpet for their actions. I will not vote for another Repuglican until they start working for the people.
Posted by: Bud | December 11, 2009 11:48 PM
The right wing bloggers on this post need to come up with some new material. For that matter, so does the republican party.
Congratulations President Obama on yet another historic success fighting off republican party special interests.
Posted by: Ed McGuinness | December 12, 2009 12:22 AM
I did not run for office to be helping out a bunch of fat-cat bankers on Wall Street," President Barack Obama says in an interview with CBS News' 60 Minutes airing Sunday.
Actions speak louder than words, Obama. So far you and your hand-picked financial experts have done just what you claim to be against.
Handouts for the poor, bonuses for the rich, and those of us in the middle are in crushing debt.
I wish Bush were back.
Posted by: Hillary Fan | December 12, 2009 12:23 AM
Congratulations President Obama on yet another legislative success!
Posted by: Ed McGuinness | December 12, 2009 12:31 AM
This "fat cat" comment does not pass the smell test. Check out his major donor list. He got major $$ from the same insurance companies that he claims are evil among many others. He is spewing populist BS while taking huge bucks from big business just like everyone else. Yawn. At what point does he become overexposed? Surely most of the citizens have to be sick of this guy on TV multiple times everyday. I am not even sure if he believes his own nonsense. I am sure that this is somehow Bush's fault.
Posted by: 1concerned1 | December 12, 2009 1:09 AM
Sorry but this should have be done 14 years ago.
http://www.pbs.org/wgbh/pages/frontline/warning/?utm_campaign=homepage&utm_medium=proglist&utm_source=proglist
Posted by: Crooks_In_DC | December 12, 2009 1:24 AM
This house has been on a spending spree, a bailout spree and a regulatory spree that I could never have imagined in any of my prior 18 years here in Congress.How many times are we going to create a massive new federal bureaucracy to deal with an important priority? I am waiting for the positive response.
Posted by: diätpillen | December 12, 2009 2:08 AM
Who is this man kidding? Does he think I'm "Boo Boo the Fool"?
Posted by: TaffyApple | December 12, 2009 7:32 AM
You know, when you read your bible, Jesus was a socialist. HE advocated not owning personal items or wealth and sharing with everyone. I love how the Republicans who market Jesus when it's convenient for them forget all about HE really lived when it is not.
Posted by: Ed Linn | December 12, 2009 7:58 AM
Here comes the spin on the story - if you vote against the bill you are "anti-president". IS everything about Obama? Watch for this spin this weekend on the talk shows that the GOP is anti-Obama becuase the only poll that is holding water is that the American people like Obama as an individual. Therefore, the flatliners, like Silva, are going to personalize these votes against larger gov't as being anti-Obama.
The four bills and the GOP votes against them were the proper vote against larger gov't that will put this nation further in debt and hinder economic growth.
As for the financial bill, why should the gov't have the ability to "dismantle large firms that POSE risks to the economy". Like some bureaucrat is going to know what that risk is.
Brothel Barney Frank gets it wrong when he states "
business knows best. Do not have any rules, do not prevent . . . any of the irresponsible, reckless, over-leveraging that happened and led to the crisis" The GOP is for regulations, but common sense regulations that allow businesses to succeed or fail and reward people as they perform.
Posted by: Terry | December 12, 2009 7:58 AM
No he took this job to redistribute wealth, except for his rich liberal friends. Cap & Trade will allow the government a say-so in how businesses are run. Forcing people into health care. Did this guy take lessons from Kim Il Jung?
Posted by: Terry | December 12, 2009 8:07 AM
The great baloney slicer. Obama should open a delicatessen. Political theater is Obama's agenda and the scourge of America. These self righteous dolts act as if democrats and liberals never cheat or scam the system. Pu-lease! They are leading the charge with OUR money.
Posted by: Banderman | December 12, 2009 8:08 AM
Obama seems to ignore the fact that it's the "fat cat" companies that provide most of the jobs for what he believes is his core constituency and the taxes that pay for his socialist programs.
Posted by: Derrick | December 12, 2009 8:15 AM
Obama is lost. He has the look of a man chasing after the wrong bus. This guy has NO idea what caused this mess in the first place, so he most certainly will not know how to get out of it. Plain and simple Barney Frank, Chris Dodd, Chuck Schumer with their socialist belief that homeownership is a "RIGHT" everyone should receive caused this, the big banks just played along.
Posted by: tom from Hinsdale | December 12, 2009 8:44 AM
"I did not run for office to be helping out a bunch of fat-cat bankers on Wall Street,"
-No, he ran to help a bunch of fat-cat lawyers and union leaders.
Posted by: crobb | December 12, 2009 8:56 AM
YOU THINK HEALTH CARE IS MESSED UP NOW?!?!?!
http://www.americanthinker.com/2009/12/healthcare_access_better_overs.html
Posted by: Bobby Mobbie | December 12, 2009 9:10 AM
HOPEY CHANGEY YOU SHOULD BE SCARED OF . . .
*
The Obama 4-year plan to remake America
*
http://www.americanthinker.com/2009/12/the_obama_4year_plan_to_remake.html
Posted by: Bobby Mobbie | December 12, 2009 9:13 AM
What is so earth-shaking about the Republican-Libertarians being in the pockets of Big Business, they are their water-boys in this Corporatocracy !! They are obstructing the majority, the Democrats, in the functioning of our Senate. They have been against the creation of Medicare and its continued existence, since 1965. They went so far, in their attempt to make Medicare go away, and with those two "geniuses", Bush&Cheney helping, they were pushing for our healthcare, our Medicare, to be attached to our stock markets, with the Weasels of Wall Street, overseeing its success. Thank the dear Lord, the Democrats fought this stupidity, a disaster waiting to happen, and prevented the Republicans-Libertarians from connecting our Medicare to our incompetent stock market. If that had happened, the tragic figure of 40-45,000 citizens dying from want of healthcare, or adequate healthcare, today, would be but a sorry representation of the actual deaths occurring, had the Republican-Libertarians succeeded in tying Medicare to our dysfunctional stock market !! Would the Republicans-Libertarians start being a little more honest with the citizens of America or is that such an absurdity !!?
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.
Posted by: Don Fitzgerald, IL | December 12, 2009 9:14 AM
DENNIS MILLER TELLS IT LIKE IT IS . . .
*
http://www.washingtonexaminer.com/opinion/columns/OpEd-Contributor/Swingin_-Copenhagen-8648550-79001427.html
Posted by: Bobby Mobbie | December 12, 2009 9:15 AM
PERHAPS NOT, THANK GOODNESS . . .
*
Business Roundtable edges away from health reform plan
*
http://www.politico.com/news/stories/1209/30502.html
Posted by: Bobby Mobbie | December 12, 2009 9:17 AM
Krauthammer on Senate Deal: "A Mix and Match That Makes Absolutely No Sense
*
http://www.realclearpolitics.com/video/2009/12/10/krauthammer_on_senate_deal_a_mix_and_match_that_makes_absolutely_no_sense.html
Posted by: Bobby Mobbie | December 12, 2009 9:21 AM
ET TU LIBUNE?
*
Our favorite quote of the week comes from Democratic Sen. Bob Casey of Pennsylvania, who was asked about the hazy new deal on health care that was reached Tuesday night by Democratic negotiators and instantly applauded by President Barack Obama.
"Any big agreement is progress, even if we do not know any of the details," Casey said Wednesday, according to The New York Times.
Details? Who needs details? This is progress!
=============
http://www.chicagotribune.com/news/opinion/editorials/chi-1211edit1dec11,0,28988.story
Posted by: Bobby Mobbie | December 12, 2009 9:24 AM
No fat cats? Maybe HE should review the list of people at his state dinner with the Indian head of state.
Posted by: Not A. Chance | December 12, 2009 9:29 AM
No fat cats? Maybe HE should review the list of people at his state dinner with the Indian head of state.
Posted by: Not A. Chance | December 12, 2009 9:29 AM
http://wattsupwiththat.com/2009/12/11/perhaps-a-conspiracy-is-unnecessary-where-a-carrot-will-suffice/#more-13997
WUWT reader Norris Hall commented on this thread: Americans belief of global warming sinking – below 50% for the first time in 2 years
… it is possible that this is just a big conspiracy by climate scientist around the world to boost their cause and make themselves more important. Though I find it hard to believe that thousands of scientists…all agreed to promote bogus science …Pretty hard to do without being discovered.
To which Paul Vaughan responded as follows:
Actually not so hard.
Personal anecdote:
Last spring when I was shopping around for a new source of funding, after having my funding slashed to zero 15 days after going public with a finding about natural climate variations, I kept running into funding application instructions of the following variety:
Successful candidates will:
1) Demonstrate AGW.
2) Demonstrate the catastrophic consequences of AGW.
3) Explore policy implications stemming from 1 & 2.
Follow the money — perhaps a conspiracy is unnecessary where a carrot will suffice.
Opposing toxic pollution is not synonymous with supporting AGW.
Posted by: Bobby Mobbie | December 12, 2009 9:34 AM
The republicans just don tget it. They say: "It's about the difference between a free-enterprise economy and a managed and controlled economy," Ya right and look where that got us! As far as I'm concerned, you republicans and conservatives dont give a rats ass about the average American. All you care about is yourselves and how much money you can make and how many SUV's are in your driveway. America spoke and voted you out now get with the program already or shut that pie hole in your head!
Posted by: Scot S. Blakeley | December 12, 2009 9:48 AM
Obimbo seems to be the biggest "Fat Cat" of all thowing around tapayers money, oh I forgot he is a living "Mesiah".
Posted by: Inky | December 12, 2009 9:53 AM
Perhaps Mr. Silva should take an hour or so and watch Frontline's episode "Card Game". Within that one episode, Mr. Silva will recognize that it's not just the opposition, but the entire Senate that is in bed with the "fat-cats" of Wall Street.
Since the most recent "reform" of the financial market had no teeth (because Dodd could not get the votes), why should we, the US, expect anything else? Creating an entire Department for the sole purpose of protecting us from ourselves is nothing but another branch of patronage. There are a myriad of existing Departments (CTFC comes to mind) that could have been given the authority to regulate the financial markets. But instead the POTUS wants to create an entirely new Department so the these positions can be hailed as job creation (i.e. patronage workers). No thanks Mr. President, no thanks.
Those who voted NO, are right. And instead of airing our displeasure against those who voted against this piece of legislative crap, maybe we should be discussing the merits of what was actually in this bill. That would be good investigative journalism and debate.
Posted by: ethan | December 12, 2009 10:12 AM
So what is his constituency? Those who will not question the Messiah. Those who laughed at Pres. Bush's college grade point average. Until it was shown to be HIGHER than Kerry's. So why does he still not come clean with HIS college transcripts. It would be a marvelous compliment to the way he was awarded the nobel prize. All in secret and for PUBLIC POSTURING.
Posted by: senator dirksen | December 12, 2009 10:15 AM
"and give the government broad new powers..."
Thank you Republicans for voting against that!
The party of "anit-president" huh? Seems that wasn't an issue for you when the Democrats did the same thing. Honestly, how can anyone believe a word Obama says? Didn't run for fat-cats? Of course he didn't...union bosses, guys like George Soros and other financial heavyweights of the left; well, they don't count because only Wall St. is evil. Whatever.
Posted by: no name | December 12, 2009 10:16 AM
He'd better be paying attention to those so-called "fat cats"....they're the one's who are paying for all his little pet projects.
Posted by: Will | December 12, 2009 10:24 AM
Obama's buddies aren't fat cats, they are tax cheats! I don't think there really is a difference.
Posted by: ken Chicago, il | December 12, 2009 11:05 AM
Don't look now NObama you is one of the "Fat Kats". You have no business telling anyone how much money they can or can not make. Let alone fire CEO's of major companies. America was doing just fine without your Presidency, true we had our problems but nothing like what your doing to our once proud country. I wanted you to succeed from the get go, now I just want you to GO.
Posted by: Paul | December 12, 2009 11:33 AM
Dear President Obama ->
You ran for office with the help of fat cats and you have been catering to the fat cats since you took the oath in January.
Even Rolling Stone magazine had an excellent and well-research piece regarding your relationship with the fat cats.
Don't lie! Or if you plan on lying, try to keep the lies less obvious.
Posted by: skeptic | December 12, 2009 11:36 AM
Mustapha has his own “Fat Cats”. Mustapha’s “Fat Cats” are a BETTER class of “Fat Cats”.
Posted by: Django - N Exile In/Around the 30th Parallel | December 12, 2009 11:37 AM
FITZ,
For all of you and other flatliners that keep quoting the Harvard study where lack of healtrh insurance kills 45,000 per year - the study is a pile of crappola.
See below
http://current.com/1upme4c
The author of the study is a Stanfor PHD and teaches at Northwestern - he's qualified to debunk it.
Scottie,
When you come back from Canada, take a look at all the SUV's with BO bumper stickers on them. Would you call these people hypocrits?
Posted by: Terry | December 12, 2009 12:38 PM
I just hope Obama can keep doing what he WANTS to do.
I hope he doesn't give-in to "governing-for-a-second-term." That is fool's gold.
Remember, Mr. President, your re-election is going to be determined by the economy, over which presidents historically have little control - do you think GW wanted to go out on such a whimper? No control.
So, as prez, Obama ought to do whatever he feels is right - not what he thinks may be politically expedient.
Posted by: Tell the Truth | December 12, 2009 2:10 PM
All you people just take a look at the state of the economy when Bush came into office. Now take a look at the economy when Bush left. If you think Obama and his team can fix our problems in 1 year after it took 8 years to screw it up your nuts. People wake up. Name one thing Bush did that worked out well for this country.
Posted by: no spin | December 12, 2009 3:16 PM
Whatever they accomplish with this measure it probably won't be enough. Wall St. needs a harsh slap-down. While they were at it they should have re-instated Glass/Steagall.
This bill is a small step, yet the Republicans opposed it 100%, just as they are opposing, well,,,, everything.
It also would probably be fair to arrest the entire management teams at Moody's and Goldman/S.
Unfortunately this already watered down bill still has to survive the most corrupt, insincere, conflicted group of dissemblers and liars the world has ever known; The US Senate.
Posted by: C.Morris✧ | December 12, 2009 5:31 PM
So this government knows best approach is favored by Barney Frank? Wasn't he the one who fought against controls on Fannie Mae and Freddie Mac? Wasn't he pushing for loosening up credit so people with 2% down and no credit history could get mortgages?
Posted by: Wayne | December 12, 2009 6:06 PM
Okay, you got me " Bobby-Booby", it is 30,000-40,000 American citizens that die, every year, from not having healthcare, or inadequate healthcare, due to the greed and callousness of the Healthcare Corps !! You don't need to be a brain surgeon, ha-ha, to figure that fact out, even you, intellectually-challenged, posters know that !!
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.
Posted by: Don Fitzgerald, IL | December 12, 2009 6:30 PM
Don - Since you're on your evil "healthcare corps" rant, answer me a question...Which insurance company denies the largest percentage claims?
If you need help, please see the following:
http://biggovernment.com/2009/10/05/ama-endorses-largest-denier-of-health-care-claims/
And we want to expand this "evil healthcare corps"?
Posted by: Barry J | December 12, 2009 10:08 PM
DENNIS MILLER TELLS IT LIKE IT IS . . .
*
http://www.washingtonexaminer.com/opinion/columns/OpEd-Contributor/Swingin_-Copenhagen-8648550-79001427.html
Posted by: Bobby Mobbie | December 12, 2009 9:15 AM
Very funny and right on the money. Time to come back to earth. It's not so bad here.
Posted by: Free to Watch Whatever I Want | December 13, 2009 4:46 AM
Hey, " BJ ", I see you are back to distorting and screaming half-truths. No big surprise, that is all you and the Republican-Libertarians have to offer the discussion. So, don't expect me to bother accessing any of your self-serving, silly links, that tell only the stupid Republican-Libertarian side of the story. It is mopes like you that give the intellectually-challenged a bad name !! Get back to school and learn how to debate honestly, than somebody may pay you some attention !!
By the way, it isn't the " evil healthcare corps ", as you misrepresent, it is the greedy and callous healthcare corps !!
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.
Posted by: Don Fitzgerald, IL | December 13, 2009 4:53 AM
Don - Just the response I expected...when you cannot debate with facts (Medicare rejects 6.83% of claims, higher than any insurance company) start yelling about half-truths (the above fact hurts, doesn't it?) and calling me intellectually-challenged.
Good try though...
Posted by: Barry J | December 13, 2009 8:46 AM
I don't even consider your, suspect facts. What I would like to know is, if Medicare is so bad, in spite of the Republican-Libertarians ignoble attempt at denying our seniors such a program at its inception, why are the Republican-Libertarians, trying to appear to be concerned about a socialist program !! That is how illogical, contorted and phony your reasoning and posturing are, on the Healthcare issue. It isn't the concerns of our citizens' health, that bothers you, it is the effort of President Obama and his administration at reigning in the Healthcare Corps, and all other Corps, that continue to rip-off American citizens !! American citizens want healthcare reform and they want the Corporations reigned in, so the Corporations can no longer force citizens into bankruptcy court, or into the ground, prematurely !!
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.
Posted by: Don Fitzgerald, IL | December 13, 2009 12:07 PM
Barry, yes Medicare has more claims denied then any other insurance company. Medicare Has more fraudulent claims then any other insurance company. Most fraudulent claims are made by the supplemental insurance companies. we Just heard about Etna having to pay a record fine to the government for fraud. When you have more fraud then anyone else you have more claims denied.
Wayne, can you tell me how many mortgages per year Fannie Mae or Freddie Mack writes you don't have to be right on just close.
Posted by: No Spin | December 13, 2009 1:56 PM
That's what I thought Don, you don't care about facts, you just like to rant aimlessly about Saint Obama and the evil Repubs...what do they pay you for this drivel?
Posted by: Barry J | December 13, 2009 7:00 PM
I love how the left blast Fox News as just "an arm of the Republican Party" while people like Mark Silva, Clarence Page and much of MSNBC act like auxillary spokespersons for Barack Obama, and they are considered to be serious journalists. I'll bet I can find more Fox News stories criticizing GWB than I can find stories by the above criticizing Obama.
Posted by: Wayne | December 13, 2009 8:45 PM
You can't address your defending a socialistic program, known as Medicare, can you, " Bobby-Booby " !? I didn't think so. Instead you want to talk about the silly facts, you like to pull out of your hat, whenever your argument falls apart !! Thank God, you are a shill for the Republican-Libertarians, they couldn't be in more incompetent hands, since the Draft-dodging Duo left town !! Get used to being in the minority, with those silly facts you are trying to pawn !!
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.
Posted by: Don Fitzgerald, IL | December 13, 2009 10:01 PM
“As it turns out, a figure of 0 additional deaths might also be correct. That is because the Harvard study uses a methodology that is inherently biased. (Note to the authors of the study: I did not say that you were inherently biased. I said that your methodology is biased.” ~ David Dranove (From Terry’s link @ 12:38 p.m.)
--------------------------
Links are important, and democrats love links. What democrats do not seem to understand, however, is that models and studies can be very imperfect (see link).
When studies are done, the standard deviation is important because it will extend the plausible range of “how many” in BOTH directions, depending upon the envelope of confidence that the study guy thinks that he needs to assign, or somehow determine, to validate his results. Many times the only thing that is revealed from the study is ~ This sure is one big universe that we got going on down here. You can’t just report that, but you need to report $omething, even if it’s wrong. I don't make this stuff up.
Here’s the bigger issue or issues. One of my most excellent Statistics professors, an old goat that on the surface would seem to know nothing about nothing, was quite fond of saying this:
“If you torture the data, it WILL confess”
Like Global Warming, democrats are very fond of “torturing” data. That is one form of “torture” that they are o.k. with.
The other issue is that NO ONE knows when our time is up, regardless to the level of health care that may be provided. democrats seem to think that they could live forever if only they can just get free healthcare. From Gary Larson I bring you this: "In Hell everything is hot, except the coffee". NOT saying that this HAS to be your fate, but it DOES fall within the confidence envelope limits. Just a thought.
Posted by: Django - N Exile In/Around the 30th Parallel | December 13, 2009 11:48 PM
Don - I'm not defending a socialist program, I'm simply trying to show you how ineffecient the government is at running any program (I know you do not like "facts" but here is another one, current obligations show debt for Medicare at roughly 61.6 trillion, how are we going to pay this?) and that your continued insistence at expanding this program because the private insurers are "evil", is simply not going to fix the problem. Lastly, I'm not a shill, just trying to spread a little truth through all of the bs that gets slung here...
Posted by: Barry J | December 14, 2009 8:28 AM
Barry,
You must know that Don is city worker that sleeps in his dump truck all day under the viaduct. That's where he dreams up these "brilliant" pieces of fiction he writes. Also, he is a big fan of Blago and Burris
Posted by: Terry | December 14, 2009 10:57 AM
Barry J,
Arguing with a democrat - good luck with that.
Posted by: Django - N Exile In/Around the 30th Parallel | December 14, 2009 11:39 AM