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Viewing by month: March 2012

Mar 30 2012

The Mandate Debate

What some consider President Obama’s singular achievement, the Affordable Care Act (ACA), and its individual mandate came under intense scrutiny this week at the Supreme Court hearings.  Unsurprisingly, much of the extreme skepticism came from the Court’s three conservative Justices—Roberts, Scalia, and Alito.  Though the fourth conservative, Justice Thomas, remained silent during the proceedings, it is almost certain that he too harbors serious misgivings regarding the constitutionality of the individual mandate.  The fundamental question that the Justices wanted answered was very simple:  What makes health insurance so different from a standard market commodity like broccoli or a Chevy Volt that the government has the right to compel individuals to purchase it?  Needless to say, they did not receive a satisfactory answer.

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0 comments - Posted by Ernest Zampelli at 5:18 PM - Categories: Economy

Mar 23 2012

The Grand Oil Party

President Obama has been getting hammered by the G.O.P. and its presidential hopefuls regarding his Administration’s policies that are suffocating the development of domestic fossil fuel supplies, thereby increasing our dependence on foreign oil from unstable sources.  Let’s take a look at some data.  Here’s what’s been happening to crude oil production in the U.S. since the President took office.  It dropped precipitously around August/September of 2008.  Since then it’s been rising—OMG!! 

  1 comments - Posted by Ernest Zampelli at 5:19 PM - Categories: Economy