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Sept. 5, 2012: Former President Bill Clinton addresses the Democratic National Convention in Charlotte, N.C. (Photo: Associated Press/AP)

Sept. 5, 2012: Former President Bill Clinton addresses the Democratic National Convention in Charlotte, N.C. (Photo: Associated Press/AP)

Spurred by screaming headlines about “skyrocketing” premiums on some government insurance exchanges, Obamacare foes are dredging up Bill Clinton’s colorful quote regarding the Affordable Care Act. No, Clinton didn’t call it “crazy.”

This is what Clinton said (after noting that over 20 million more Americans now have health care): “The people who are out there busting it, sometimes 60 hours a week, wind up with their premiums doubled and their coverage cut in half. It’s the craziest thing in the world.”

And he’s right about this aspect of Obamacare. Something’s wrong when the poor and middling are subsidized and those over 65 — paupers and billionaires alike — bask in the security of Medicare but the middle and upper-middle classes get whacked, or seem to.

Let’s put the matter in context and in proportion. Let’s do some grown-up explaining.

To start, the unsubsidized folks facing 25 percent jumps in premiums (midlevel plans are the benchmark) are a small group. Less than 10 percent of Americans buy insurance on the federal and state exchanges. That’s about 12 million people, versus the 155 million who are covered at work. And 86 percent of people on the government exchanges get federal assistance to pay their premiums. More will qualify for subsidies as the premiums go up.

Secondly, the 25 percent figure is an average. The increases are very large in Phoenix (up 145 percent) and Birmingham, Alabama (up 71 percent). But in Ohio, it’s only 2 percent, and in a few markets, premiums are actually going down. In Providence, Rhode Island, for example, they’ve fallen 14 percent.

Obamacare overall hasn’t been a bad deal, even for most of the unsubsidized customers using the government marketplaces. After adding in the stiff 2017 price increases, average exchange premiums will still be lower than predicted when the health care reform law was enacted in 2010.

Furthermore, unsubsidized premiums on the government exchanges have actually been 10 percent lower than the full premiums in employers’ plans. That’s an average $464 a month, versus $516.

Workers often think of their costs as what they directly contribute for their company’s coverage. They don’t consider what the employer pays, a sum that gets taken out of paychecks.

The markets suffering the biggest surge in premium costs are those where insurers are pulling out or back. In North Carolina, for example, 95 of the counties have only one insurer, and five have only two.

The reason, insurers say, is that the pool of customers is sicker than anticipated. It’s no small irony that one reason more healthy specimens didn’t sign up is that employers haven’t been ditching their company plans as Obamacare’s enemies said would happen. And people on employer plans tend to be healthier.

What do we do about this? First off, elect Hillary Clinton president. She understands health care inside and out.

Donald Trump knows zip. “All of my employees are having a tremendous problem with Obamacare,” he said. Not true! Most of his workers are on his company plans, which means they’re not on Obamacare.

Clinton is calling for a “public option,” a government-run insurance plan that could boost competition in the marketplaces.

Clinton would let Americans ages 55 to 64 buy in to Medicare. She should keep moving down the age ladder until everyone’s getting Medicare — and America has one efficient and uncomplicated system for health coverage.

Could Obamacare have been better designed? Sure. As they say in politics, a camel is a horse made in committee. But this camel functions a lot better than the wheezing health-coverage beast we had in the pre-Obamacare era. Now that was crazy.

Obamacare foes are dredging up Bill Clinton's

Hillary Clinton delivered a speech in Reno, Nevada on Thursday August 25, 2016 attempting to link Donald Trump and his supporters to the "alt right" racism. (Photo: Associated Press/AP)

Hillary Clinton delivered a speech in Reno, Nevada on Thursday August 25, 2016 attempting to link Donald Trump and his supporters to the “alt right” racism. (Photo: Associated Press/AP)

As People’s Pundit Daily has repeatedly reported, Democratic presidential candidate Hillary Clinton repeatedly praised the Trans-Pacific Partnership (TPP). When she was behind closed doors with big donors and Wall Street bankers, and even asked them to “think of what doubling the trade” in NAFTA “would mean for everybody in this room” only a few months before promising the United Autoworkers (UAW) she would oppose TPP and renegotiate NAFTA.

In an email released by the anti-secrecy group WikiLeaks, Rep. Rosa Luisa DeLauro, D-Conn., who has served in her current role in Congress since 1991, wrote a telling email reading “Subject: Trade” on March 3, 2016, which further puts in doubt the credibility of the former secretary of state and congressional Democrats on the trade issue.

“Clarity, opposed, no claw backs, no dense murky language -just flat out. No lame duck vote. For trade but need a new agreement that based on inclusiveness, an agreement that doesn’t leave workers or their wages behind. She will start over,” DeLauro wrote to John Podesta, Clinton’s campaign chairman.

The trade issue was a sticky subject for Mrs. Clinton during the primary, who lost several Rust Belt states to Bernie Sanders, who credibly opposes NAFTA and TPP. DeLauro claims to oppose the deal, as well, and even opposed Barack Obama on it in Congress. She says it was developed in secrecy except for the 500 corporate lawyers. But her email reads more like someone who is concerned about the political ramifications on herself and her party, not the economic ramifications on someone else.

“Michigan bears out the data in the Roosevelt/democracy corps poll. The issue moves the political, electoral needle. Maybe she says it tonight,” he added. “Call if you have a chance. Love. Want to win.”

Mrs. Clinton lost Michigan, which polls showed her holding a big lead in before the primary. WikiLeaks also revealed the Clinton campaign didn’t believe the public polling, for whatever reason and, in fact, expected to lose the state.

Virginia Gov. Terry McAuliffe, a longtime Clinton ally under federal investigation for public corruption, told Politico Mrs. Clinton will support TPP if elected.

“Listen, she was in support of it,” Gov. McAuliffe said before quickly trying to walk it back. “There were specific things in it she wants fixed.”

McAuliffe’s admission came less than 24 hours after Mr. Trump warned voters she would “betray” them and a day Mrs. Clinton told the head of the United Automobile Workers (UAW) that she would rewrite North American Free Trade Agreement (NAFTA), a trade deal her husband and former President Bill Clinton signed into law in 1993. It cost Americans millions of jobs in the Rust Belt and around the country.

Now, Mrs. Clinton promises voters on the campaign trail she will oppose both deals. But in speeches she was paid several hundred thousand dollars a pop to give, her public promises don’t match her private rhetoric.

“Greater connections in our own hemisphere hold such promise,” Mrs. Clinton said, praising TPP in a paid speech to Canada 2020. “The United States and Canada are working together with a group of open market democracies along the Pacific Rim, Mexico, Colombia, Peru, Chile, to expand responsible trade and economic cooperation.”

Before Democrats began towing the party line, the outrage over Mrs. Clinton’s flip-flop on TPP was bipartisan.

“Wow! That’s a reversal!” said former Maryland Gov. Martin O’Malley, a former rival and 2016 Democratic hopeful. Reince Priebus, the chairman of the Republican National Committee, said Mrs. Clinton’s flip flop is “a case study in political expediency.”

Several documents released by WikiLeaks casts further

FBI Director James Comey briefs reporters at a press conference in Washington D.C. (Photo: AP)

FBI Director James Comey briefs reporters at a press conference in Washington D.C. (Photo: AP)

When FBI Director James Comey announced on July 5 that the Department of Justice would not seek the indictment of Hillary Clinton for failure to safeguard state secrets related to her email use while she was secretary of state, he both jumped the gun and set in motion a series of events that surely he did not intend. Was his hand forced by the behavior of FBI agents who wouldn’t take no for an answer? Did he let the FBI become a political tool?

Here is the back story.

The FBI began investigating the Clinton email scandal in the spring of 2015, when The New York Times revealed Clinton’s use of a private email address for her official governmental work and the fact that she did not preserve the emails on State Department servers, contrary to federal law. After an initial collection of evidence and a round of interviews, agents and senior managers gathered in the summer of 2015 to discuss how to proceed. It was obvious to all that a prima-facie case could be made for espionage, theft of government property and obstruction of justice charges. The consensus was to proceed with a formal criminal investigation.

Six months later, the senior FBI agent in charge of that investigation resigned from the case and retired from the FBI because he felt the case was going “sideways”; that’s law enforcement jargon for “nowhere by design.” John Giacalone had been the chief of the New York City, Philadelphia and Washington, D.C., field offices of the FBI and, at the time of his “sideways” comment, was the chief of the FBI National Security Branch.

The reason for the “sideways” comment must have been Giacalone’s realization that DOJ and FBI senior management had decided that the investigation would not work in tandem with a federal grand jury. That is nearly fatal to any government criminal case. In criminal cases, the FBI and the DOJ cannot issue subpoenas for testimony or for tangible things; only grand juries can.

Giacalone knew that without a grand jury, the FBI would be toothless, as it would have no subpoena power. He also knew that without a grand jury, the FBI would have a hard time persuading any federal judge to issue search warrants. A judge would perceive the need for search warrants to be not acute in such a case because to a judge, the absence of a grand jury can only mean a case is “sideways” and not a serious investigation.

As the investigation dragged on in secret and Donald Trump simultaneously began to rise in the Republican presidential primaries, it became more apparent to Giacalone’s successors that the goal of the FBI was to exonerate Clinton, not determine whether there was enough evidence to indict her. In late spring of this year, agents began interviewing the Clinton inner circle.

When Clinton herself was interviewed on July 2 — for only four hours, during which the interviewers seemed to some in the bureau to lack aggression, passion and determination — some FBI agents privately came to the same conclusion as their former boss: The case was going sideways.

A few determined agents were frustrated by Clinton’s professed lack of memory during her interview and her oblique reference to a recent head injury she had suffered as the probable cause of that. They sought to obtain her medical records to verify the gravity of her injury and to determine whether she had been truthful with them. They prepared the paperwork to obtain the records, only to have their request denied by Director Comey himself on July 4.

Then some agents did the unthinkable; they reached out to colleagues in the intelligence community and asked them to obtain Clinton’s medical records so they could show them to Comey. We know that the National Security Agency can access anything that is stored digitally, including medical records. These communications took place late on July 4.

When Comey learned of these efforts, he headed them off the next morning with his now infamous news conference, in which he announced that Clinton would not be indicted because the FBI had determined that her behavior, though extremely careless, was not reckless, which is the legal standard in espionage cases. He then proceeded to recount the evidence against her. He did this, no doubt, to head off the agents who had sought the Clinton medical records, whom he suspected would leak evidence against her.

Three months later — and just weeks before Clinton will probably be elected president — we have learned that President Barack Obama regularly communicated with Clinton via her personal email servers about matters that the White House considered classified. That means that he lied when he told CBS News that he learned of the Clinton servers when the rest of us did.

We also learned this week that Andrew McCabe, Giacalone’s successor as head of the FBI Washington field office and presently the No. 3 person in the FBI, is married to a woman to whom the Clinton money machine in Virginia funneled about $675,000 in lawful campaign funds for a failed 2015 run for the Virginia Senate. Comey apparently saw no conflict or appearance of impropriety in having the person in charge of the Clinton investigation in such an ethically challenged space.

Why did this case go sideways?

Did President Obama fear being a defense witness at Hillary Clinton’s criminal trial? Did he so fear being succeeded in office by Donald Trump that he ordered the FBI to exonerate Clinton, the rule of law be damned? Did the FBI lose its reputation for fidelity to law, bravery under stress and integrity at all times?

This is not your grandfather’s FBI — or your father’s. It is the Obama FBI.

Judge Andrew Napolitano gives the backstory on

Democratic President Barack Obama, left, embraces Hillary Clinton, right, after speaking to the Democratic National Convention at the Wells Fargo Arena in Philadelphia. (Photo: AP)

Democratic President Barack Obama, left, embraces Hillary Clinton, right, after speaking to the Democratic National Convention at the Wells Fargo Arena in Philadelphia. (Photo: AP)

An email released by WikiLeaks on Tuesday proves Barack Obama lied about whether he knew Hillary Clinton used a private email server to conduct official State business. The final email on the thread reading “Subject: Fwd: POTUS on HRC emails,” which was sent on March 7, 2015, longtime Clinton aide and lawyer Cheryl Mills wrote “we need to clean this up – he [Obama] has emails from her – they do not say state.gov.” [period added]


To: [email protected]
Date: 2015-03-07 21:41
Subject: Fwd: POTUS on HRC emails
we need to clean this up – he has emails from her – they do not say state.gov
———- Forwarded message ———-
From: Nick Merrill <[email protected]>
Date: Sat, Mar 7, 2015 at 6:39 PM
Subject: Fwd: POTUS on HRC emails
To: Philippe Reines <[email protected]>, Heather Samuelson < [email protected]>, Cheryl Mills <[email protected]> Begin forwarded message: *From:* Josh Schwerin <[email protected]> *Date:* March 7, 2015 at 6:33:44 PM EST *To:* Jennifer Palmieri <[email protected]>, Kristina Schake < [email protected]>, Nick Merrill <[email protected]>, Jesse Ferguson <[email protected]>
*Subject:* *POTUS on HRC emails*
https://twitter.com/katherinemiller/status/574350749280432129/photo/1
Jen you probably have more on this but it looks like POTUS just said he found out HRC was using her personal email when he saw it in the news. — Josh Schwerin

In an interview with CBS News senior White House correspondent Bill Plante on March 7, 2015, President Obama was asked questions about the private email system that Mrs. Clinton used for official government business while she was secretary of state.

[brid video=”70899″ player=”2077″ title=”FLASHBACK Obama I Heard About Clinton Email Server on the News Like You”]

“The same time everyone else learned it through news reports,” Mr. Obama said in response to Mr. Plante asking when he “first learned that Hillary Clinton used an email system outside the U.S. government for official business while she was secretary of state.”

White House Press Secretary Josh Earnest fielded a series of questions on April 11, 2016 from Fox News reporter Kevin Corke. He was asked about how aware the president was that his first secretary of state was using a personal email address and a private email server to handle classified information.

[brid video=”70897″ player=”2077″ title=”FLASHBACK WH Press Corps Asks Whether President Obama Knew About Clinton Server”]

An email released by WikiLeaks proves Barack

Former Speaker of the House Newt Gingrich unloaded on Fox News anchor Megyn Kelly for ignoring Clinton scandals and calling Donald Trump a sexual predator.

“You’re fascinated with sex and you don’t care about public policy,” the former speaker of the House said on The Kelly File. “That’s what I get out of watching your show tonight.”

Kelly, a not-so closet Clinton supporter, has done all see can to help elect Hillary Clinton and her ratings are suffering for it. In August, she only managed to cobble 4.7 Million viewers during her Fox Special starring Donald Trump and finished dead last for the 8:00pm time slot. The network decided that show could wait.

Before her spat with Trump, during which he tweeted she was a bimbo, Kelly was threatening to overcome anchor Bill O’Reilly in ratings. That was short lived. According to a YouGov BrandIndex survey, Fox’s overall image among the general public has taken a dive, and the network is now on par with CNN regarding trend lines, which are moving in the wrong direction.

But their brand among Republicans, more specifically Republican men (their core audience), has tanked.

[brid video=”70875″ player=”2077″ title=”Newt Gingrich Unloads on Megyn Kelly ‘I’m Sick and Tired of People Like You'”]

Former Speaker of the House Newt Gingrich

Democratic presidential candidate Hillary Clinton speaks at an LGBT fundraiser in New York City. (Photo: AP)

Democratic presidential candidate Hillary Clinton speaks at an LGBT fundraiser in New York City. (Photo: AP)

America is often described as a society without the Old World’s aristocracy. Yet we still have people who feel entitled to boss the rest of us around. The “elite” media, the political class, Hollywood and university professors think their opinions are obviously correct, so they must educate us peasants.

OK, so they don’t call us “peasants” anymore. Now we are “deplorables” — conservatives or libertarians. Or Trump supporters.

The elite have a lot of influence over how we see things.

I don’t like Donald Trump. I used to. I once found him refreshing and honest. Now I think he’s a mean bully. I think that partly because he mocked a disabled person. I saw it on TV. He waved his arms around to mimic a New York Times reporter with a disability — but wait!

It turns out that Trump used the same gestures and tone of speech to mock Ted Cruz and a general he didn’t’ like. It’s not nice, but it doesn’t appear directed at a disability.

I only discovered this when researching the media elite. Even though I’m a media junkie, I hadn’t seen the other side of the story. The elite spoon-fed me their version of events.

Another reason I don’t like Trump is that he supported the Iraq war — and then lied about that. Media pooh-bahs told me Trump pushed for the war years ago on The Howard Stern Show.

But then I listened to what Trump actually said.

“Are you for invading Iraq?” Stern asked.

Trump replied, “Yeah, I guess … so.” Later, on Neil Cavuto’s show, Trump said, “Perhaps (Bush) shouldn’t be doing it yet, and perhaps we should be waiting for the United Nations.” I wouldn’t call that “support” — the way NBC’s debate moderator and many others have.

I was stunned by how thoroughly the media have distorted Trump’s position. That’s a privilege you get when you’re part of the media elite: You get to steer the masses’ thinking.

At the second debate, we all know that Trump walked over to Hillary Clinton’s podium, as if he was “stalking Ms. Clinton like prey,” said The New York Times. CNN said, “Trump looms behind Hillary Clinton at the debate.”

Afterward, Clinton went on Ellen DeGeneres’ show and said Trump would “literally stalk me around the stage, and I would just feel this presence behind me. I thought, ‘Whoa, this is really weird.'”

But it was a lie. Watch the video. Clinton walked over to Trump’s podium. Did the mainstream media tell you that? No.

The ruling class has its themes, and it sticks to them.

When Clinton wore white to a debate, the Times called the color an “emblem of hope” and a Philadelphia Inquirer writer used words like “soft and strong … a dream come true.” But when Melania Trump wore white, that same writer called it a “scary statement,” as if Melania Trump’s white symbolized white supremacy, “another reminder that in the G.O.P. white is always right.”

Give me a break.

The ruling class decide which ideas are acceptable, which scientific theories to believe, what speech is permitted.

In the book “Primetime Propaganda,” Ben Shapiro writes that the Hollywood ruling class calls conservatives “moral scum.”

He says, “If you’re entering the industry, you have to keep (your beliefs) under wraps because nobody will hire you … they just assume you’re a bad person.”

They won’t tell you why you weren’t hired. They just tell you, “You weren’t right for the part,” explains Shapiro. “Talent is subjective, which means that it’s pretty easy to find an excuse not to call back the guy who voted for George W. Bush.”

Years ago, the ruling class was the Church. Priests said the universe revolved around Earth. Galileo was arrested because he disagreed.

Today, college lefties, mainstream media, Hollywood and the Washington establishment have replaced the Church, but they are closed-minded dogmatists, too.

We are lucky that now we have a lot of information at our fingertips. We don’t need to rely on the ruling class telling us what to believe. We can make up our own minds.

America is often described as a society

Interpretive park ranger Caitlin Kostic, right, gives a tour near the high-water mark of the Confederacy at Gettysburg National Military Park to Republican presidential candidate Donald Trump, Saturday, Oct. 22, 2016, in Gettysburg, Pa. (AP Photo/ Evan Vucci)

Interpretive park ranger Caitlin Kostic, right, gives a tour near the high-water mark of the Confederacy at Gettysburg National Military Park to Republican presidential candidate Donald Trump, Saturday, Oct. 22, 2016, in Gettysburg, Pa. (AP Photo/ Evan Vucci)

In Gettysburg on Saturday, Donald Trump revealed his “Contract with the America Voter,” a plan vowing to “drain the swamp” of corruption in Washington, D.C. A review of the bold proposal by People’s Pundit Daily concludes, if Mr. Trump is elected and enacts the following provisions, it would greatly reduce corruption and special interest influence.

While most Americans understand and agree Washington D.C. is a cesspool, most in truth don’t know how it got so out of control. So, before we get into a few targeted details of the actual plan, we have to recognize certain structural changes to the U.S. Constitution, particularly those made in the 20th Century, which have enabled the concentration of power in (literally) and around (literally and figuratively) the federal government.

We’ll review the proposals and why they would be effective and necessary, providing historical context.

TERM LIMITS AND CONGRESSIONAL TENURE

“I will propose a Constitutional Amendment to impose term limits on all members of Congress,” Mr. Trump promised in his speech. Term limits have long-been a rallying cry of proponents of anti-corruption, but it wasn’t always the case we even needed them.

The U.S. Constitution originally empowered state legislatures to elect U.S. senators, and state legislators were elected and beholden only to the voters whom they lived with and among. It’s a lot easier to screw over or cheat someone you never see than it is to screw over or cheat your neighbors and community, or at least, that was the idea.

State legislators more frequently replaced career politicians than voters do now at the ballot box. It’s rather inconvenient if you are a special interest group spending oodles of money lobbying on behalf of your bill if a subsequent Congress could easily undo all your efforts. The best way for the powerful and influential to ensure the durability of favored special interest legislation is to ensure that the coalition of politicians who support the legislation retain their tenure.

If special interest groups could just elect the senators themselves–say, via disinformation and misinformation contests aided by a corrupt press–then they would not have to continue to spend so much money buying newly elected politicians.

Enter the 17th Amendment, which established direct senatorial elections, bypassed state legislatures and dramatically increased the average amount of time senators have spent and continue to spend in Washington.

We now call those contests political campaigns and, as evident by the extraordinarily high reelection rates for incumbents, it is clear they got their way.

In 2013, I released by book Our Virtuous Republic: The Forgotten Clause in the American Social Contract, which among other things, explains how we got to this point. But as demonstrated by the chart above, the average senate tenure exploded after the passage (1913) and ratification (1914) of the 17th Amendment (3rd vertical line). A comparable upward trend in tenure within the U.S. House of Representatives, adjusting for electoral swings, does not display similar steep increases at specific periods of time.

The value of holding a legislative position, especially in the Senate, increased as the authority of the government increased over the economy. The ability to regulate, or interfere, with the market economy allows the government to transfer wealth to special interest.

REGULATORY POWER AND RIGGING THE SYSTEM

“I will propose a requirement that for every new federal regulation, two existing regulations must be eliminated,” Mr. Trump said, adding “a 5 year-ban on White House and Congressional officials becoming lobbyists after they leave government service.”

The 1877 Supreme Court decision in Munn vs. Illinois U.S. 113 (1st vertical line) vastly expanded the regulating authority of Congress, making continued tenure in the U.S. Senate more attractive. In order to enforce their new authority, Congress established the Interstate Commerce Commission, which became the template for future regulatory agencies. Through regulation, special interest could now purchase a competitive advantage by supporting a legislative candidate.

However, the snag was in the lack of durability for purchased legislation, as state legislators successfully restrained political careerism. Regulation, alone, does not provide interest groups with a lump-sum return. The law’s durability dictates the value of regulatory legislation. Absent seniority and incumbency, special interest cannot insulate favored laws from reconsideration in a subsequent Congress.

“If the effectiveness of a legislative act can be guaranteed only until the next electoral session, the value of legislation to interest groups will decline,” Todd Zywicki, a historian from George Mason University explains. “As a result, these groups will be unwilling to make substantial investments in purchasing legislation that may be obsolete within a few months or years, or which may require investment of further resources at a later date.”

The passage of the 17th Amendment was part of a logrolling deal with the 16th Amendment, which we’ll unravel more shortly. But it affirmed the constitutionality of unapportioned progressive federal income tax, or the ability of the federal government to directly tax individuals and businesses without using the state as an intermediary, which the Supreme Court correctly ruled to be unconstitutional in Pollock v. Farmers’ Loan & Trust Co. in 1895 (2nd vertical line).

That’s right, before the Progressive Era, the federal government pretty much had no taxing authority over you or your company as an American citizen.

Although the two were sold as anti-corruption and anti-special interest, the entire narrative surrounding these amendments was a sham. Because of the seniority system within our Congress, the 17th Amendment made it cheaper and easier for special interest groups (factions) to return D.C.-corrupted/allied senators who would protect the legislation, and the result was an explosion in average Senate tenure.

While most Republican candidates focus on what the economic impact of government regulations can be on small businesses, rarely have they spoken about how they are used by special interest to gain an unfair advantage, or to rig the system over those who cannot afford high-paid lobbyists.

CONCLUSION

“On November 8th, Americans will be voting on this 100 day plan to restore security and honesty to government,” Mr. Trump said in his address at The Eisenhower Complex. “This is my pledge to you and if we follow these steps, we will once more have a government of, by, and for the people.”

The reasons for corruption are both cultural and structural, but as it relates to his latest proposed public policy, the New York businessman was addressing the structural barriers that protect corruption and enrich those who profit from it. He actually does address the cultural with other proposals, but we can leave that to a sooner-rather-than-later date.

Regardless, as demonstrated by the above review, Mr. Trump’s plan to “drain the swamp” does indeed tear down the structural barriers politicians have erected to preserve the corrupt status quo.

[mybooktable book=”our-virtuous-republic-forgotten-clause-american-social-contract” display=”summary” buybutton_shadowbox=”true”]

A review of his "drain the swamp"

Home sales, home prices data and housing market reports. (Photo: REUTERS)

Home sales, home prices data and housing market reports. (Photo: Reuters)

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index for all 9 U.S. census divisions, increased 5.3% annually in August, up from 5.0%. The 10-City Composite posted a 4.3% annual increase, up from 4.1% the previous month. The 20-City Composite, which covered 20 major U.S. metropolitan areas rose on a year-over-year basis by 5.1%, up from 5.0% in July.

Home prices in the 20-City Composite matched monthly expectations laid out in the median forecast, while topped the year over year forecast of a 5% rise.

“Supported by continued moderate economic growth, home prices extended recent gains,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “All 20 cities saw prices higher than a year earlier with 10 enjoying larger annual gains than last month. The seasonally adjusted month-over-month data showed that home prices in 14 cities were higher in August than in July.

Portland, Seattle, and Denver reported the highest year-over-year gains among the 20 cities over each of the last seven months. In August, Portland led the way with an 11.7% year-over-year price increase, followed by Seattle at 11.4%, and Denver with an 8.8% increase. Ten cities reported greater price increases in the year ending August 2016 versus the year ending July 2016.

The S&P CoreLogic Case-Shiller U.S. National Home

ObamaCare, Barack Obama's signature healthcare law overhaul, reflected in graphic image.

ObamaCare, Barack Obama’s signature healthcare law overhaul, represented in graphic image.

Unless ObamaCare is repealed and replaced, insurance premiums will increase by double-digits next year and many consumers will be down to just one insurer. The Obama administration confirmed Monday, through the Department of Health and Human Services, insurance premiums for a midlevel benchmark plan will increase an average of 25% across the 39 states served by the federally run online market before taxpayer-provided subsidies.

That’s sure to stoke another “Obamacare” controversy days before a presidential election. To many the news is not a surprise, as HHS just confirmed state-by-state reports that have been coming in for months. Over the previous year, one healthcare giant after another healthcare giant announced they would not participate in the exchanges next year, which most experts agreed would drive up coast, as well.

Further, about 1 in 5 consumers will only have plans from a single insurer to pick from, after major national carriers such as UnitedHealth Group, Humana and Aetna scaled back their roles.

“Consumers will be faced this year with not only big premium increases but also with a declining number of insurers participating, and that will lead to a tumultuous open enrollment period,” said Larry Levitt, who tracks the health care law for the nonpartisan Kaiser Family Foundation.

The latest ObamaCare comes only days before the 2016 presidential election. Mr. Obama and Democrats had worked to ensure the premium gains would not take effect until after the next president was chosen.

Republicans pounced on the numbers as a warning that insurance markets created by the 2010 health overhaul are teetering toward a “death spiral.” Sign-up season starts Nov. 1, about a week before national elections in which the GOP remains committed to a full repeal.

“It’s over for Obamacare,” Republican presidential candidate Donald Trump said at a campaign rally Monday evening in Tampa, Florida.

Trump said his Democratic rival, Hillary Clinton, “wants to double down and make it more expensive and it’s not gonna work. … Our country can’t afford it, you can’t afford it.” He promised his own plan would deliver “great health care at a fraction of the cost.”

Mrs. Clinton, the Democratic candidate for president, has publicly proposed a series so-called fixes, including increasing the law’s subsidies and allowing more people to qualify for financial assistance. But privately, which was revealed when the anti-secrecy group WikiLeaks released hacked emails belonging to campaign chairman John Podesta, she secretly hoped the law would fall so that the government could completely take over the healthcare sector in a single-payer scheme.

“Headline rates are generally rising faster than in previous years,” conceded HHS spokesman Kevin Griffis.

In truth, while they claim they won’t pay the headline rates, the devil is in the details. For instance, for a consumer making $30,000 or $40,000, his or her subsidy would be significantly lower. In Arizona, premiums for the “second-lowest cost silver plan” will jump by 116%–from $196 to $422–with assistance covering only $280 of the new premium, and the consumer would pay $142. In other words, it has the largest impact on the working class American and their family.

[caption id="attachment_34363" align="aligncenter" width="740"] ObamaCare, Barack Obama's

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