Obamacare Punishes America while Helping the Lobbyists

Posted: Aug 01, 2013 12:01 AM

Here’s what’s wrong with Washington: If it doesn’t negatively impact K Street, nothing’s going to change. Unfortunately, all too many of our biggest obstacles to recovery benefit K Street.

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Show Prep:

What’s Right with Ransom

Big Three:

Number Three:

Understatement of the week: Something’s not quite right with China. This is, however impacting emerging markets

Number Two:

Fed minutes released today. And looking into my crystal ball: I see continued QE infinity.

Number One:

And here’s the big question about the Fed: Do they care that their little money printing experiment has done very little to improve the economy? Even CNBC (which was trying to put a positive spin on recent economic data) points out that GDP is no-where near where it needs to be

Stocks in the News:

Eli Lehrer, with the Washington DC think tank “r street”, talks to John about the complexity of Obamacare:

Other News:

When you’re not doing well in the game. . . Change the rules.

I wonder why socialism doesn’t work.

Jack Lew says no bailout for Detroit. . . Obama says he already saved Detroit with GM Bailout.

Nice vacation home?

The best years of Obama are still looking pretty bad.

The full program, from start to finish, for your educational benefit: