Shapiro: No Way to Fix Obamacare

Appearing on The Real Story with Gretchen Carlson on Fox News, TruthRevolt Editor-in-Chief blasted Democrat-sponsored legislation that would purport to retroactively grandfather in insurance plans people like under Obamacare. “The fact is,” Shapiro said, “somebody has to pay for the people who have pre-existing conditions in order for Obamacare to work. And those people have to be young and have to be healthy, and they also have to be folks who have to be kicked off their regular insurance in order to be forced into the more expensive Obamacare exchanges.”

Shapiro continued, “There is no way to amend this….It’s absurd. There’ s no possible way you can remove the central plank of what Obamacare constitutes, and that is redistribution of the payment schedule.”


This is a copy of the full article provided by the Conservatives at Truth Revolt

It’s pretty clear President Obama “really didn’t mean” “one of the most famous” promises of his presidency — that if you like your health care plan, you could keep it under ObamaCare (“period”).

The pledge has been called a “whopper” by independent fact checkers. And cancellation notices are landing in millions of mailboxes, leaving families and workers with fewer options and higher prices.

Feeling the heat, the president is giving that promise a “tweak.” He now claims that what he actually said was you could keep your plan if it hasn’t changed since Democrats shoved ObamaCare into law.

Black Tea Party Group Calls on Grayson Donors to Drop Support

On Monday, the South Central Los Angeles Tea Party, which is heavily black, called on donors to Rep. Alan Grayson (D-FL) to remove support from his re-election campaign in the aftermath of Grayson’s mailer comparing the Tea Party to the Ku Klux Klan. “My organization has made numerous attempts to reach out to Rep. Grayson asking for an apology, but he has refused saying: ‘If the shoe fits, wear it,’” Rev. Jesse Lee Peterson, founder of the group, said. “We are sick and tired of liberal elite members of the Democratic party not being held accountable. Grayson is trying to re-write the racist past of his own party and lying about Tea Party Republicans in order to scare blacks into supporting him. Grayson knows that most Democratic lawmakers opposed civil-rights for blacks and that the Ku-Klux-Klan was made up of Southern Democrats.”

Peterson said that the group would reach out to donors including the American Association for Justice, the Teamsters, AT&T, and Honeywell International. TruthRevolt hassimultaneously called on sponsors of Grayson to denounce Grayson’s comments.


This is a copy of the full article provided by the Conservatives at Truth Revolt

(Photo: Discovered on Truth Revolt)



China’s Dagong credit rating agency on October 17th downgraded its United States sovereign credit rating to A- and maintained its negative outlook on America’s solvency. Dagong warned that despite Washington’s last-minute resolution of the debt ceiling deadlock, “The fundamental situation that the debt growth rate significantly outpaces that of fiscal income and gross domestic product remains unchanged.” China’s official state-run news agency,… Read more →

Cashed-strapped Americans are looking for new ways to make money and selling body parts is becoming a rising trend. Bloomberg crunched the numbers and found out what parts will earn the biggest pay day on and off the black market. (Source: Bloomberg)

China tells US to avoid debt crisis for sake of global economy

China tells US to avoid debt crisis for sake of global economy

A senior Chinese official has warned that the “clock is ticking” to avoid a US default that could hurt China’s interests and the global economy. China, the US’s largest creditor, is “naturally concerned about developments in the US fiscal cliff”, vice finance minister Zhu Guangyao said. Washington must agree a deal to raise its borrowing limit by 17 October, or… Read more →

China, Europe orders signal economic healing but U.S. disappoints

China, Europe orders signal economic healing but U.S. disappoints

(Reuters) – A flood of new orders gave a boost to European and Chinese firms in September although weakness in U.S. factory activity tempered evidence of a healing global economy. Purchasing managers’ indexes, surveying thousands of companies across the globe, showed a welcome pick-up in the euro zone and China although slower growth in the United States’ manufacturing sector backed the Federal Reserve’s… Read more →

JPMorgan to stop making student loans – company memo

(Reuters) – JPMorgan Chase & Co (JPM.N) will stop making student loans in October, according to a document reviewed by Reuters on Thursday, after the biggest U.S. bank concluded that competition from federal government programs limits its ability to expand the business. The company will stop accepting applications for private student loans on October 12, at the end of the… Read more →

Nasdaq OMX Group Inc. halted trading for three hours yesterday to protect the integrity of markets as a technology malfunction left some investors without stock quotes, Chief Executive Officer Robert Greifeld said in his first public remarks since the incident.

The exchange operator was in constant communication with rivals during the outage and decided to halt trading of listed stocks to prevent “information asymmetry” among traders, Greifeld said in interviews at Nasdaq’s offices with Bloomberg Television’s Betty Liu and Andrew Ross Sorkin on CNBC. Greifeld said he supports developing a backup data feed to prevent the issue from happening again.

“The general theme we’re focused on going forward is that we have to improve our defensive driving ability,” Greifeld told Bloomberg TV. “This system has been around for 20 years, it works and it works remarkably well. Then things happen in the external environment that causes a problem.”

A faulty connection between the two biggest operators of U.S. stock exchanges brought half of the world’s largest equity market to a standstill, the second time this week U.S. trading was shaken by a computer malfunction.

Connectivity was disrupted between NYSE Arca (NYX), where about 11 percent of American share volume occurs, and the data processing subsidiary of Nasdaq Stock Market, home to 2,150 U.S. companies, according to a person with direct knowledge of the matter. That led Nasdaq to freeze thousands of stocks from Apple Inc. to Facebook Inc. (FB) that trade on about 50 markets from Kansas to New Jersey for more than three hours.


Bloomberg has the full article