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Ok, ok, maybe it's not a black hole.

Maybe it's an asteroid headed for DC  (We can hope, right?)


Email today to hang this nice original art piece on your wall tomorrow!

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2019-01-16 10:00 by Karl Denninger
in Health Reform , 66 references
[Comments enabled]  

I always find these sorts of articles and "dares", legislatively, to be amusing.

WASHINGTON (AP) — Challenging President Donald Trump to make good on his pledge to cut prescription drug prices, congressional liberals proposed legislation Thursday to bring U.S. prices in line with the much lower costs in other countries.

The Democratic bills stand little chance of becoming law in a divided government. But the effort could put Republicans on the defensive by echoing Trump’s pledge to force drugmakers to cut prices.

I haven't read the actual legislation -- but from the article, let's go ahead and take it on.

1. Deem "excessively-priced" patented medicines to be open to competition.  This one is rather interesting, but IMO the wrong approach.  The "threshold" is that the US price is higher than the median in Canada, the UK, Germany, France and Japan.  What's wrong with prosecuting those who collude to do same under existing, 100+ year old law -- which the medical and insurance industry has twice claimed exemption from at the USSC and lost both times?  You need no new law here -- just enforcement of long-standing existing criminal and civil law.  These are not civil issues either -- they're criminal felonies, which means there really are teeth available.  Jail a few drugmaker executives and watch how fast the problem disappears.

2. "Allow" consumers to import lower-price medications from Canada.  Under what justification did Congress ban people from buying legitimate, properly-labeled medications across national boundaries in the first place?  Drop that entirely -- again, we need no new law, just repeal of existing fraud-based "laws" that ought to be forcibly disobeyed backed up with whatever is necessary to tell Mr. Government man to BUGGER OFF.

3. Allow Medicare to negotiate with drugmakers.  Since when is government obligated to "take" any price offered?  Never, anywhere else.  So why here?  Again, this is a felony that was legitimated by Congress.  What do you call enabling a felony at gunpoint and making it "not a crime" when you're screwed by it?  I call it tyranny and thuggery.

Challenge?  Trump had three points in his campaign about putting a stop to medical monopolists.  He has done nothing.

This crap has to stop and all involved in maintaining it must be personally and politically destroyed.  No exceptions.

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So now we have it.

A rank admission that The Fed intentionally played with a "punch bowl" to addict markets and our government.

Just a very brief comment, Mr. Chairman, on the financial markets. I discussed views with some 25 market veterans in New York, and you’re going to be coming down as our guest to discuss with some of the local Texas market operators. I would say one consensus, and one only, emerged, and that is that quantitative easing is unambiguously inflating asset prices and, according to some, is distorting financial market functionality. As one said, artificially low interest rates invite fiscal sin.

What is more than a trillion dollars in deficit during an expansion?


Now the problem is what do you do when the economy slows and how do you gain maneuvering room before it does?

As I've repeatedly pointed out the last three decades have been a story of one bubble after another cheered on and demanded by both Wall Street and Washington DC.  The behavior has been exactly identical to a drug addict who demands one more hit/toke/shot/bottle and if it's not immediately forthcoming either throws a tantrum or steals the funds, and often both.

Rather than tell the market and Washington DC "tough crap; it's time for withdrawal whether you like it or not because if you don't do it you're going to die and I'm not going to be the reason you do" as soon as the market gets pissed off here comes The Fed to the rescue!

What's worse is that it's not just heroin and booze; see, the tolerance on both has built to the point that the Federal Government and markets don't get stoned on that any more.  So now we're doing speedballs; they've added meth to the cocktail since cocaine, the traditional "additive", is too expensive.

Of course the fact that you've got a hell of a good shot at an immediate heart attack doing that crap never comes into the picture.

Had The Fed told Congress, the President and the markets to go screw a duck back in 2013 or before the Federal Government would have had to neuter the medical monopolists, as there was no other way to bring the deficit under control and spiraling interest costs would have forced a resolution.

There still isn't any other way to bring them under control.

We're very, very close to that heart attack moment folks, and once we do have that occur it'll be too late for withdrawals.

No, folks, we won't make 2020 before it happens.

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It's the final shutdown........ look at all the delicate butterflies that can't get out! smiley


A nice, unique piece -- that I'm not sure why is still here, and not on one of your walls.  Email now to change that and make it yours!

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2019-01-15 04:59 by Karl Denninger
in Company Specific , 295 references
[Comments enabled]  

The best a soy-boy can get....

Days after the American Psychological Association (APA) announced that “traditional masculinity” is “harmful” to society and can lead to homophobia and sexual harassment, razor brand Gillette released a new ad campaign touching on the same topic.

"Traditional masculinity" is harmful to society?

This is the same group (the APA) that says that one's sex isn't immutable and determined by genetics at conception.

And, I remind you, this is the same APA that appears to say that pedophilia is a "disorder" -- unless, of course, you do not feel shame or guilt about that desire, then it becomes a mere "orientation."

Traditional masculinity gave us men on the moon, flush toilets, tampons (believe it or not), mass-produced automobiles, electric lights, sewage treatment plants (which essentially stopped all manner of formerly-widespread disease and death), mechanical refrigeration (refrigerators and air conditioners for those of you who failed English comprehension) and countless additional innovations -- including P&G as a corporation.

It also gave us stable, heterosexual, two-parent families with one (usually the man) getting up every morning to work his nuts off so as to provide for his wife and children at home.  This drive and desire, centered around men, fulfilled P&G's so-called "toxic" masculinity.  While that social arrangement certainly had trade-offs and some of them might have been bad ones, including a few occasions of serious abuse of the women (and occasionally children) involved the fact remains that one person out of a family being able to provide for three or more others, including a roof over all four's head, food on the table, flushing toilets, children playing in the yard without being molested or shot and functioning electrical service -- all without bone-crushing debt and everyone over the age of 15 asking would you like fries with that? does seem to have been a rather decent way of life most of the time, all things considered.  Oh, and those toxic men also went out and got their asses shot at and often shot off when the occasion required in defense of their nation along with defending the women and children they loved.

Today's soyboy mentality, along with the APA's bend-it-all-and-call-it-ok nonsense has, in large part, been responsible for the complete destruction of that way of life.  I'm sure all the altar boys that came to discover that the candlestick wasn't used to provide a beacon of light for mass but rather was stuffed up their ass would take rather serious umbrage at the idea that said priest's desire to do so was a mere "disorder" -- or an "orientation."

I remind you again that Gillette is not a singular company; they are owned by Proctor and Gamble, one of the largest consumer-goods manufacturers in the world.

Perhaps those of us who find outrageous the redefinition into a mark of shame the very essence of what made the creation and rise of the company in question to be possible, along with P&G's newfound alliance with an organization that has gone out of its way to trivialize pedophilia, should see what we can do about turning said firm's sales numbers into something truly toxic.

Like, for example, $0.00.

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