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CIGNA Head of Corporate Communications Wendell Potter warns of Bennett health plan

On July 10, 2009 Wendell Potter made an appearance on the PBS program Bill Moyers Journal.  Potter was head of CIGNA’s Corporate Communications department — a position he attained during his 15 year career at CIGNA.  In the interview Wendell Potter states he resigned after his conscience got the best of him.

Potter stated:

One of the books I read as I was trying to make up my mind here was President Kennedy’s “Profiles in Courage.”

And in the forward, Robert Kennedy said that one of the president’s, one of his favorite quotes was a Dante quote that, “The hottest places in hell are reserved for those who, in times of moral crisis, maintain a neutrality.” And when I read that, I said, “Oh, jeez, I– you know. I’m headed for that hottest place in hell, unless I say something.”



At the end of the show Bill Moyers and Wendell Potter discuss the future goals for the health insurance industry and lobby.

BILL MOYERS: For the government to require every one of us to have some policy.

WENDELL POTTER: Exactly. And that sounds great. It is an important thing that everyone be enrolled in some kind of a benefit plan. They e { margin: 0.79in } P { margin-bottom: 0.08in } –>[the health insurance companies] don’t want a public plan. They want all the uninsured to have to be enrolled in a private insurance plan. They want– they see those 50 million people as potentially 50 million new customers. So they’re in favor of that. They see this as a way to essentially lock them into the system, and ensure their profitability in the future. The strategy is as it was in 1993 and ‘94, to conduct this charm offensive on the surface. But behind the scenes, to use front groups and third-party advocates and ideological allies. And those on Capitol Hill who are aligned with them, philosophically, to do the dirty work.

That’s what Robert Bennett’s Healthy Americans Act will do — require every person in the United States to enroll in a corporate health insurance plan.

For more info:

Art Laffer at UVU

On April 16th 2009 UVU sponsored a visit from Art Laffer, giving him credit for being the “Father of Reaganimics.”

I believe this is a title Art Laffer truly does not deserve as I will demonstrate bellow.  Laffer was probably available for the appearance, due to his lack of insight and demand.



On January 9th 2009 the Boston Chronicle featured this outstanding article by Paul Craig Roberts

DON’T TRUST THE MAINSTREAM NEW: The Difficulty of being an Informed American

At the end of this article, which I believe everyone should read, they attribute Reaganomics to Paul Craig Roberts.

My next exhibit is an article written by Paul Craig Roberts Doomed by the Myths of Free Trade: How the Economy was Lost

If you watch the above video with Art Laffer and Peter Schiff, and then read Doomed by the Myths of Free Trade, you will see Petere Schiff and Paul Craig Roberts are in total agreement, and have a great deal more insite than Art Laffer.

The problem is no corporation controlling the media wants you to hear this message.  These same institutions fund the colleges and Universities that teach US students Macro Economics.

This Problem is also pointed out by John Perkins in Confessions of an Economic Hit Man.


If you watch the above video you will see that Peter Schiff is in total agreemen




The Heritage Foundation, Reganomics, Protectionism

 
icon for podpress  How the Economy was Lost [47:11m]: Play Now | Play in Popup | Download

Today I will be referring back to my post Is Is China Buying Kennecott Copper?  I will examine the financial policies of the Heritage Foundation and explain why I believe their policies gave China their large reserve of US dollars, and an economic advantage.

I will go on to explain why the Heritage Foundations policies are diametrically opposed to Reaganomics, contrary to their claim.  This is based off from an article by Paul Craig Roberts who served as an economist under the Reagan Administration and is said to be the “Father of Reaganomics.”  All referenced material can be found on my earlier post Is China Buying Kennecott Copper.

Additional information that was provided at the end of the show:

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/18/AR2008091804211.html

In Crucible of Crisis, Paulson, Bernanke, Geithner Forge a Committee of Three

By David Cho and Neil Irwin
Washington Post Staff Writers
Friday, September 19, 2008; Page A01

From the rescue of Bear Stearns to the takeovers of Fannie Mae, Freddie Mac and American International Group, all the key decisions have been made by Treasury Secretary Henry M. Paulson Jr., Federal Reserve Chairman Ben S. Bernanke and Timothy F. Geithner, the president of the Federal Reserve Bank of New York.

Timothy F. Geithner helped organize the bailout of AIG. AIG has paid the most money out to Goldman Sachs. Henry M. Paulson was a Chief Officer at AIG until 2006 when Bush appointed him to be Treasury Secretary http://en.wikipedia.org/wiki/Henry_Paulson#Goldman_Sachs Obama

People who worked for Goldman Sachs got second place for donating to Barack Obama’s campaign http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638

http://counterpunch.org/hudson03182009.html


Here’s the problem with all the hoopla over the $135 million in AIG bonuses: This sum is only less than 0.1 per cent – one thousandth – of the $183 BILLION that the U.S. Treasury gave to AIG as a “pass-through” to its counterparties. This sum, over a thousand times the magnitude of the bonuses on which public attention is conveniently being focused by Wall Street promoters, did not stay with AIG. For over six months, the public media and Congressmen have been trying to find out just where this money DID go. Bloomberg brought a lawsuit to find out. Only to be met with a wall of silence.


Until finally, on Sunday night, March 15, the government finally released the details. They were indeed highly embarrassing. The largest recipient turned out to be just what earlier financial reports had rumored: Paulson’s own firm, Goldman Sachs, headed the list. It was owed $13 billion in counterparty claims. Here’s the picture that’s emerging. Last September, Treasury Secretary Paulson, from Goldman Sachs, drew up a terse 3-page memo outlining his bailout proposal. The plan specified that whatever he and other Treasury officials did (thus including his subordinates, also from Goldman Sachs), could not be challenged legally or undone, much less prosecuted. This condition enraged Congress, which rejected the bailout in its first incarnation.

It now looks as if  Paulson had good reason to put in a fatal legal clause blocking any clawback of funds given by the Treasury to AIG’s counterparties. This is where public outrage should be focused.



Let’s go after the REAL money given to AIG – the $183 billion! I realize that this has already been paid out, and we can’t get it back from the counterparties who knew that Alan Greenspan and George Bush and Hank Paulson were steering the U.S. economy off a real estate cliff, a derivatives cliff and a balance-of-payments cliff all wrapped up into one by betting against collateralized debt obligations (CDOs) and insuring these casino bets with AIG. That money has been siphoned off from the Treasury fair and square, by putting their own proxies in the key government slots, the better to serve them.

So let’s go after them altogether. Sen. Schumer said to the AIG bonus recipients that the I.R.S. can go after them and get the money back one way or another. And it can indeed go after the $183-billion bailout recipients. All it has to do is re-instate the estate tax and raise the marginal income and wealth-tax rates to the (already reduced) Clinton-era levels.