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February 21, 2006

And the award for Most Condescending Prick goes to...

George Bush.

Shakes here...  First we have the president promoting health savings accounts at that well-known money factory, Wendy's:

In an hourlong speech in one of the most politically troublesome states for Republicans in this year's midterm elections, Mr. Bush took on critics of his plan, who say that poor or underemployed people cannot afford the accounts.

"It's kind of basically saying, 'If you're not making a lot of money, you can't make decisions for yourself,' " Mr. Bush told Wendy's employees assembled in the company's lobby. "That's kind of a Washington attitude, isn't it. 'We'll decide for you, you can't figure it out yourself.' I think a lot of folks here at Wendy's would argue that point of view is just simply backwards and not true."

Some strawpeople call you monkeyslaves, but I see more than that. I see a source of revenue for my buddies on Wall Street. Heh heh.

Comments LeMew of Lawyers, Guns & Money:

When those (other) Washington elites tell you that my accounts are completely worthless if you don't have large amounts of discretionary income, they're restricting your autonomy! But you're capable of deciding exactly how you'll put no money into a health savings account! And you're capable of explaining to a doctor why they should accept your empty account as payment! And allowing people to put more money into the accounts will make the no money in your account go even further, and the lessening tax revenues will make Medicaid even better-funded! Poverty is over...IF YOU WANT IT!"

Indeed. Everyone knows if you're poor, you just don't want the bling enough, baby.

Then we have the president heading out on the campaign trail again, trying to help his congressional minions eke out a hold on their majority. And what better way to deliver such a victory than giving babblelicious lip service to startling and amazing energy breakthroughs like windmills.

"Our nation is on the threshold of new energy technology that I think will startle the American people," Bush said. "We're on the edge of some amazing breakthroughs — breakthroughs all aimed at enhancing our national security and our economic security and the quality of life of the folks who live here in the United States."

Later Monday, Bush visited the United Solar Ovonics Plant, which makes solar panels, in Auburn Hills, Mich., outside Detroit. "This technology right here is going to help us change the way we live in our homes," Bush told reporters.

Bush said he was impressed with the growing commercial uses of solar energy.

"Roof makers will one day be able to make a solar roof that protects you from the elements and at the same time, powers your house," Bush said. "The vision is this — that technology will become so efficient that you'll become a little power generator in your home, and if you don't use the energy you generate you'll be able to feed it back into the electricity grid."

Wow! Are you telling me that "roof makers" might someday be able to harness the power of the sun using solid matter? Honestly, I thought we'd had solid solar panels that could keep our the wind and the rain and the snow and stuff for decades, but then again, I’m a girl, and girls are bad at sciencifying and stuff.

I look forward to this spectacular future Bush speaks of. I wonder whether we'll manage to get solid solar roof panels or colonize Mars first. What an exciting race toward the future!

(Crossposted at AlterNet PEEK.)

February 21, 2006 | Permalink

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» [Eazra Klein] And the award for Most Condescending *** goes to... from Marketplace.MD Blog
Ezra: First we have the president promoting health savings accounts at that well-known money factory,... [Read More]

Tracked on Feb 21, 2006 11:13:03 AM

» Turning Patients into Consumers: The Trickle-Up Economics of HSAs from OUPblog
by Jill Quadagno Last year 46 million Americans were uninsured and health care costs continued their inexorable upward climb. These two problems, rising costs and increasing numbers of uninsured people, have bedeviled every president since Nixon, each ... [Read More]

Tracked on Feb 21, 2006 6:32:56 PM

Comments

I like how just before his speech before the NREL in Colorado today, they "found" $5 million to fund the wind and biomass projects. I hope that bush needs to make another feel-good campaign stop when that $5 million runs out. Otherwise, I don't see how the money would keep flowing in.

I wish he'd be going to the Rocky Mountain Institute today, they have some truly innovative design ideas as well as completely new ways of thinking about energy use and how to reduce it. They would be well served by the press.

Posted by: verplanck colvin | Feb 21, 2006 10:35:22 AM

From the NYT article:

Tax tables from the Treasury Department show that a married couple with two children and income of $40,000 in 2005 could have saved $630 on their federal income taxes if they had made a $5,000 contribution to a health savings account.

Aargh. Does anybody know a family with two kids earning $40k that could afford to put aside anything like $5k? Hell, I earn about that much as a single person and I couldn't save more than $3k-4k in a year, if I allowed myself no luxuries at all. And surely the question isn't how much people save on federal income taxes but how much they save overall.

Posted by: Ginger Yellow | Feb 21, 2006 10:42:51 AM

Re: "Some strawpeople call you monkeyslaves, but I see more than that. I see a source of revenue for my buddies on Wall Street. Heh heh."

This argument that HSAs are a conspiracy to benefit WallStreet cronies at the cost of regular people is silly and demonstrates a fundamental confusion about the accounts.

HSAs will only be beneficial to financiers to the degree they are also beneficial to the regular people holding them.

If I put 100 dollars into my HSA, it does not disappear into an un-named coffer; it goes into MY account. If the bank invests and manages the money for me, it does not do so for itself on the side; it does so for ME.

Yes, the bank charges nominal fees, as all banks do, but this was known at the outset of my agreement with the bank and I judged the tax-free, interest-earning opportunity and convenience of the account to be worth that nominal cost.

If HSAs are a conspiracy against the little guy, do you attack all forms of banking as such? Do you suggest that sophisticated systems of financing have no place in our prosperous society?

Please explain.

Trapier K. Michael
www.marketplace.md
www.blog.marketplace.md

Posted by: Trapier K. Michael | Feb 21, 2006 11:25:13 AM

Notice the neo-con switcheroo?

They conflate "pay" with "compensation".

A family with two kids "earns" $40,000 per year. Their pay is $40,000. Their compensation is (likely) $45,000 to $50,000 per year, including medical and retirement.

The Bush Admin. proposes, just like with Social Security, to take the $2000 to $5000 compensation part from a "company" obligation and "let" the family pay for it out of their pay, letting the family "control" their medical obligations.

Result, cost savings to company of $2000 to $5000 per employee per year (for same pay) placing same cost onto employee's pay, thereby reducing same (take home - it is actually worse than that).

Were the goal to take the medical obligation and give it to the family, it could make a little sense but this is simply a corporate scam, allowing a corporation to "pay" an employee the same at much reduced cost ($40,000 at cost of $42,000 to $45,000 vs $40,000 at a present cost of $45,000 to $50,000, further crippling the purchasing power of the family).

Yet, another Neo-con theft, much bigger than their S&L theft involving Neal Bush.

Posted by: Sky-Ho | Feb 21, 2006 11:30:34 AM

Is "Trapier" the new "Gary"?

Posted by: sprocket | Feb 21, 2006 11:54:36 AM

This argument that HSAs are a conspiracy to benefit WallStreet cronies at the cost of regular people is silly and demonstrates a fundamental confusion about the accounts.

Really? Because I'm just wondering who, exactly, you think will reap up the massive savings when the burden of healthcare expenses is shifted onto employees via HSAs?

It's not the cost of managing the HSAs that will create a windfall for corporations. It's the associated expectation that "choice over one's healthcare," to which HSAs are ushering in an unwelcome introduction, will eventually replace a significant part of the financial responsibility currently assumed by employers for their employees' health benefits.

Posted by: Shakespeare's Sister | Feb 21, 2006 12:53:30 PM

"sciencifying."

Heh.

Posted by: Stephen | Feb 21, 2006 3:12:58 PM

don't look now but... we have at least two(count 'em!) randroids on the prowl!

Posted by: almostinfamous | Feb 22, 2006 4:43:27 AM

Trapier has made the mistake of disagreeing with you.

That troll bastard!!!

Posted by: Fred Jones | Feb 22, 2006 9:13:46 AM

I would like to see Mr. Michael actually address the falsity of Bush's statment. I suspect he has a financial interest is seeing private market-based health care succeed. His organization and blog may be not-for-profit, but the Americans he represents are clearly not the people we're even talking about.

Actually, what would be even better is if one of the Wendy's employees took Bush to task for it. This is not that complicated and I suspect a Wendy's employee could be smart enough to understand this. The health expenses of a Wendy's employee making $25K and an executive making $100K are not inseparable. If you're not making a lot of money, you will clearly have a harder time paying for your health costs and its arguable that certain pay grades will be unable to make choices due to a lack of funds. That is rudimentary monetary practice.

Posted by: Adrock | Feb 22, 2006 12:10:10 PM

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Posted by: judy | Oct 1, 2007 4:39:18 AM

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