Litigation in federal court has revealed evidence that the Obama administration illegally diverted profits confiscated from Fannie Mae and Freddie Mac to pay the Obamacare insurance subsidies that Congress forbade him to fund with a new tax. The US Treasury bailed out the government-sponsored companies for $187 billion during the mortgage crisis in 2008 and Obama put the two mortgage giants into conservatorship. He illegally diverted the profits from Fannie and Freddie, cutting out the private investors, to fund Obamacare. These are private mortgage companies that were supported by the federal government to make mortgages available to Americans at the lowest possible cost, but they were, nonetheless private companies funded by private investors. In this interview, financial analyst, Jerome Corsi, says that the effect of this action was that the government stole billions from mortgage investors and used it to bail out the failing health-care program. Corsi says that Obamacare was rigged to fail so the government would have an excuse to take over the entire health-care industry in the name of helping the people. -GEG
Apple CEO Tim Cook pledged $2 million to the ADL and the SPLC, who have targeted conservatives for years and have applied the word “hate” to almost any point of view that is contrary to their leftist ideology. […]
While the list of statues that leftists want removed grows, opponents call for the removal of historical monuments honoring Democrats who were racially biased, Vladimir Lenin and former President Bill Clinton. […]
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Republicans have unveiled their replacement for Obamacare. It will cover fewer people but, unlike Obamacare, it will not force people to buy coverage if they don’t want to. This article lists items that would be removed from Obamacare and those that would be added, such as a penalty if people fail to keep themselves continuously covered. Also, insurers will be allowed to charge a higher amount for older customers than for young adults. This is the same as charging older people a higher rate for life insurance or charging drivers with bad driving records a higher premium for collision insurance. In other words, the cost is higher for those most likely to benefit, which is a necessary feature of insurance if it is to function without tax subsidies. […]