American Elephants


Is the Left Stealing the Coal Industry? No Morals Or Honor? by The Elephant's Child

I’m not particularly interested in conspiracies. I do my share of speculating about cause and results, but in general I want evidence, trusted sources, and some kind of proof. But I found this particular post from Tom Lifson at American Thinker intriguing.

Now comes the shocking news, via Steve Milloy writing on Breitbart, that following President Obama’s use of CO2 emissions as a weapon to drive major coal companies near bankruptcy, the ultimate politically connected speculator George Soros is buying up stock in major coal producers on the cheap.

I predicted in this column last week that the left wasn’t going to kill off the coal industry so much as it was going to steal it. That prediction is already becoming true courtesy of billionaire George Soros.

U.S. Securities and Exchange Act filings indicate that Soros has purchased an initial 1 million shares of Peabody Energy and 553,200 shares of Arch Coal, the two largest publicly traded U.S. coal companies. As pointed out last week, both companies have been driven perilously close to bankruptcy by the combination of President Obama’s “war on coal” and inexpensive natural gas brought on by the hydrofracturing revolution.

Well, isn’t that interesting. Are Democrats just fixated on doing what they want, and never mind the law or propriety? It would seem so. The same George Soros apparently paid protesters from Ferguson to go to Baltimore and try to stir up trouble — at least according to the protesters who were complaining about not getting paid. Al Gore has used Global Warming to amass a fortune, yet does not observe any of the rules that he espouses to save energy himself. Tom Steyer made his fortune in oil and natural gas, and now tries to manipulate federal policy to stop the Keystone pipeline. Lots of conspiracy material.



Affordable? Not So Much. Some Big Hikes. by The Elephant's Child

Conservatives have always giggled at the title chosen for ObamaCare — “the Affordable Care Act” — because having observed all the tricks and mandates crammed in, knew it was going to be increasingly unaffordable. And so it is. State Insurance Commissioners are beginning to report in.

Obama said at a July town hall in Nashville, Tennessee that he expected premiums to come in significantly lower than what’s being requested. He added that Tennesseans had to work to ensure the state’s insurance commissioner “does their job in not just passively reviewing the rates, but really asking, “O.K, what is it that you are looking for here? Why would you need very high premiums?”

The Tennessee commissioner, Julie Mix McPeak responded on Friday by approving the full 36.3% increase sought by the biggest health plan in the state, BlueCrossBlueShield of Tennessee. She said the insurer demonstrated that the hefty increase was needed to cover higher than expected claims from sick people who signed up for individual policies in the first two years of the Affordable Care Act.

Oregon’s Laura Call allowed an average 25.6% increase for that state’s biggest plan. In Ohio, it was 14.5%, in Michigan, 11.4%.

Democrats typically add mandates designed to make particular groups like the plan, then are astonished to find that it costs a lot more. Do remember that the Affordable Care Act was passed without a single Republican vote because Republicans thought it would not work and would soon become unaffordable. They just had no idea that it would happen quite so soon.

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Some plans offered low rates for the first and second year eager to  capture new business. Others simply found that business was more expensive than expected. Some programs designed to cushion insurers  against high risk participants are ending. Some state commissioners have not yet reported their decisions, or completed their analysis.




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