Two Years of “Yes We Can”

Two years ago, I wished President Obama luck on his inauguration. Now is a good time to look back at some of the highlights of twenty-four months of “Hope and Change”.

Credit Card Reform and Unintended Consequences.

  • The CARD act, passed in 2008, placed restrictions on some of the evil that Credit Card companies do. Unfortunately, after it was passed it allowed them six months to do all the evil they wanted… and do evil they did. As a result, my one remaining credit card has an interest rate of over 20%, even though it has only been used a handful of times and is paid off in full whenever it is used.
  • I got off easy — some friends who are deep in debt saw their credit card interest rates soar to 30% (usury) less some infinitesimal fraction. I am not sure if this law was Obama’s fault, but it happened on his watch.

Health Care Reform

  • “Obamacare” got passed… but it doesn’t come into effect for another three years, though we will start paying for it now. Thanks… I think.
  • Under Obamacare, those who refuse health insurance when offered (i.e., Healthy Young People) can be fined and potentially jailed.
  • Another part of Health Care “Reform” is that I cannot use my Flexible Spending Account (FSA) to buy Over-The-Counter medicines. This effectively increases the taxes on medications to the tune of about half a billion dollars a year. The amount you can put into an FSA will also be reduced — from $5000 at present to $2500 in 2013. Curse you Obama! Is that your idea of reform? Taxing the crap out of the sick? All medications should be tax free — PERIOD.

Iraq

  • We are finally out of Iraq!
  • No not really — we still have 50,000 folks there, about half the number we had before we left.
  • Did somebody say “Mission Accomplished”?

Gitmo

  • Guantanamo Bay is still open for business. Nuff said.

Election 2010:

  • The nation has spoken — and what they said is: “Fool me once, shame on you. Fool me twice, shame on me

Verdict: No you didn’t

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