ObamaCare Faces Supreme Court Defeat

ObamaCare Faces Supreme Court Defeat
by Michael A. Robinson

Dear American Wealth Underground Reader,

I can honestly say you heard it here first. Of course I am writing about the thrilling – and common sense – decision by a Florida federal judge to strike down ObamaCare as unconstitutional.

Clearly this is a momentous decision in favor of American liberties that protect us from an overzealous federal government. And why is this important for investors?

Because without constitutional restraints, a federal government drunk on its own power can do virtually whatever it wants to with your wealth.

After all, it took a total rout of the Democratic party last November to get Congress to extend the Bush tax cuts and temporarily fix the alternative minimum tax that threatened to pose a financial strain on millions of American families.

This ruling should serve as a wake-up call to all fiscal liberals and to President Obama in particular. Oh yeah, and their media lapdogs.

Unfortunately, I seriously doubt that will occur. Indeed, when I predicted last March that ObamaCare would be declared unconstitutional fiscal liberals snickered.

Of course they did. They've shown total disrespect for the bedrock of our freedoms – the U.S. Constitution.

If that weren't true, then why did former House Speaker Nancy Pelosi and her cadre of limousine liberals shove healthcare reform down our throats along strictly partisan lines?

I have said from the beginning this ill-considered, poorly written, bureaucracy-building law cannot stand.

Consider that no law of this scope or magnitude has ever passed without bipartisan support. As financial failures go it's hard to top Lyndon Johnson's Great Society program. But at least it had strong Republican support.

Do Americans really want to be governed by a federal phalanx created through legislation no member of Congress actually read? Trust me on this folks, any law that's 2,500 pages long and that was adopted unread has lots of hidden booby traps.

If you support ObamaCare stop and ask yourself this question: If Republicans gain a supermajority of Congress next year should they be allowed to force all adults to buy and carry a Smith & Wesson revolver?

Why not? They certainly could argue that self-protection enhances interstate commerce by cutting down on crime.

Now we find Mr. Obama laying 5-4 odds his signature "achievement" will survive scrutiny by the U.S. Supreme Court, which will almost certainly take up the matter.

Mr. Obama is betting he can convince Justice Anthony Kennedy, who is often the high court's swing vote, to side with the president's poor legal reasoning.

We know this is true because the Obama administration immediately said it would continue to implement the healthcare reforms despite the fact the federal judge struck down the entire program.

The time has come for Mr. Obama to shed his arrogance and abandon his liberal idealism so the nation can move forward. Will America really be well served for two more years of political wrangling over a deeply unpopular law?

The U.S. House has voted to repeal ObamaCare. More than two-dozen states sued and beat the pants off the president in court.

Senate Republicans show no signs of backing down from their attempts at repeal, the first round of which was scheduled to occur around deadline today.

They seem like a pretty determined bunch to me. I predict they will continue slipping repeal amendments into as many bills as possible for at least the next two years.

Meantime, the Obama administration is quietly letting dozens of employers opt out of the healthcare program. And why, you might ask?

Because, ironically, the president's opponents are correct: ObamaCare is simply too expensive and has too much red tape.

Let me close by with another prediction. The Supreme Court will eventually take up ObamaCare and will strike it down by a 5-4 vote. And for a very simple reason: It really is unconstitutional.

Good luck and happy investing,

Michael A. Robinson
Editor, American Wealth Underground

Brad:-)

Fwd: Gubmint

Gubmint and How Gubmint Works Once upon a time the government had a vast scrap yard in the middle of a desert. Congress said, "Someone may steal from it at night." So they created a night watchman position and hired a person for the job.. Then Congress said, "How does the watchman do his job without instruction?" So they created a planning department and hired two people, one person to write the instructions, and one person to do time studies. Then Congress said, "How will w e know the night watchman is doing the tasks correctly?" So they created a Quality Control department and hired two people. One to do the studies and one to write the reports. Then Congress said, "How are these people going to get paid?" So they created the following positions, a timekeeper, and a payroll officer, then hired two people. Then Congress said, "Who will be accountable for all of these people?" So they created an administrative section and hired three people, an Administrative Officer, Assistant Administrative Officer, and a Legal Secretary. Then Congress said, "We have had this command in operation for one year and we are $18,000 over budget, we must cutback overall cost." So they laid off the night watchman. NOW slowly, let it sink in. Quietly, we go like sheep to slaughter. Does anybody remember the reason given for the establishment of the DEPARTMENT OF ENERGY.... during the Carter Administration? Anybody? Anything? No? Didn't think so! Bottom line. We've spent several hundred billion dollars in support of an agency...the reason for which not one person who reads this can remember! Ready?? It was very simple...and at the time, everybody thought it very appropriate. The Department of Energy was instituted on 8-04-1977 TO LESSEN OUR DEPENDENCE ON FOREIGN OIL. Hey, pretty efficient, huh??? AND NOW IT'S 2009 -- 32 YEARS LATER -- AND THE BUDGET FOR THIS "NECESSARY" DEPARTMENT IS AT $24.2 BILLION A YEAR. THEY HAVE 16,000 FEDERAL EMPLOYEES AND APPROXIMATELY 100,000 CONTRACT EMPLOYEES; AND LOOK AT THE JOB THEY HAVE DONE! THIS IS WHERE YOU SLAP YOUR FOREHEAD AND SAY, "WHAT WAS I THINKING?" Ah, yes -- good ole bureaucracy. AND, NOW, WE ARE GOING TO TURN THE BANKING SYSTEM, HEALTH CARE, AND THE AUTO INDUSTRY OVER TO THE SAME GOVERNMENT? HELLOOO! Anybody Home?

A big week...Friday National Town Hall Meeting To Tell Congress Hands Off My Health Care

Dear Brad, Public Option Defeated Today in Senate Finance Committee While the above headline was good news, the fight against a government takeover of health care is far from over. As Congressman John Shadegg pointed out on our national tele-town hall meeting last week, Speaker Pelosi is planning an all-out effort in the House of Representatives to pass a bill containing some form of this government-run health insurance plan. As Speaker Pelosi has repeatedly said, the Left is demanding this provision stay in the bill. They know the public plan is the fastest, clearest path to killing private health insurance and forcing all Americans into a government plan. President Obama and liberals in Congress are also moving forward on a number of government mandates that will over time give Washington complete control over our health care. Under an individual mandate, politicians and bureaucrats would get to define what counts as "health insurance." They would decide what it takes in order to qualify for the mandate and decide, based on political considerations, what must be covered and what won't be covered, what the reimbursement policies will be, and potentially every aspect of your health care. Vast new government subsidies will also be required to ease passage of a bill that would otherwise slam lower-income citizens - those subsidies mean businesses and the middle class will be slammed twice - once to pay higher premiums for the now-legally-mandated purchase of health insurance, and again, with higher taxes to subsidize coverage for others. There is now word that President Obama and liberals in Congress are secretly considering using a rare parliamentary procedure to get what they want. Yes, the Senate is planning to attach Obama's health care bill to an unrelated bill passed by the House. You can expect that the Left will try to push this through without giving citizens a chance to review the bill or scrutinize it. This is what happens when you have the Left thinking they must get their way at any cost. But you and I cannot let them. Congress is now back in session. The Obama Administration and thousands of lobbyists are squeezing members of Congress like an anaconda. The mainstream media drumbeat for doing something -- anything -- is in full roar. The Washington Post -- not surprisingly -- is running stories that push for the Washington brand of reform. The liberal special interests, and sadly the AARP and many corporate interests, have sold out and are actually running ads FOR the government health care takeover. Defeating this monstrosity is up to grassroots Americans -- like you and me. We've got to maintain our momentum. This weekend in Washington, AFP will hold our "Hands Off My Health Care" town hall meeting at the Capitol as part of the 3rd annual Defending the American Dream Summit™. CLICK for DETAILS After our "Hands Off My Health Care" town hall meeting, we will divide up by state delegations and go hit the Senate offices in person to deliver our message once again. You should try to join us. CLICK HERE. Or, at a minimum sign the petition we will be delivering on Friday. On Friday evening at Americans for Prosperity Foundation's Defending the American Dream Summit™, we'll hear from nationally syndicated radio host and FOX News contributor Laura Ingraham at the Tribute to Reagan Dinner. Our goal with the "Hands Off My Health Care" Town Hall meeting is to make sure that right now -- as Pelosi, Obama, Reid and Company are moving forward with their health care takeover -- we have committed grassroots activists from across the nation at the Capitol showing our opposition. One or two thousand Americans from across the nation showing up at the Capitol on a quiet Friday at such a crucial time and then actually going into Senate offices does wonders for delivering our message!! Here's the bottom line: we must keep up the pressure. We've got to keep working and fighting. Many years ago I saw a sign in a football locker room that said something I'll never forget: "to go where you've never gone, you must be willing to do what you've never done." I'm sure the athlete was talking about winning championships in his sport. But I think it applies to us in defending our freedoms now at this decisive time. You and I have to be willing to sacrifice, to work, to persevere in a way we have not done before if we want to protect our freedoms. We're Americans -- I believe we're up to it. Tim Phillips PS: Join us this week at our "Hands Off My Health Care" town hall meeting at the Capitol on Friday at 2pm. Or, make sure you visit our website on Friday afternoon to see footage and pictures of it. We'll also have pictures and footage up Friday night and Saturday morning of AFP Foundation's Tribute to Reagan dinner and Saturday morning session with special guests like Laura Ingraham, Rep. Mike Pence, Speaker Newt Gingrich, The Wall Street Journal's Steve Moore and John Fund, Sen. Jim DeMint, Larry Kudlow and many more. For more information CLICK HERE. Americans for Prosperity (AFP) is the nation's premier grassroots organization committed to advancing every individual's right to economic freedom and opportunity. AFP believes reducing the size and scope of government is the best safeguard to ensuring individual productivity and prosperity for all Americans. AFP educates and engages citizens in support of restraining state and federal government growth, and returning government to its constitutional limits. AFP has more than 700,000 members, including members in all 50 states, and 25 state chapters. For more information, visit www.americansforprosperity.org