See the video and transcript linked below, in which Obama explains that his promise not to tax the middle class is good, because the mandated purchase of healthcare insurance (soon to be from the government only) is not a tax.
But today, THE SUPREME COURT DIFFERS, and has upheld obamacare with the argument (from Obama’s lawyers) that the mandated health care purchase IS a tax.
So, Middle Class, Obama is taxing the crap out of you, even though he promised not to, and the Supreme Court says he’s allowed to.
Hospital and healthcare stocks went up (for the reason that people don’t understand what Obamacare will eventually do to these entities). Insurance stocks fell, because most investors know that Obamacare is designed to kill them.
Pharmer believes that Republican and Tea Party chances in November have increased due to this decision.
Justice John Roberts move to the left is not really a move, in the eyes of those who have been watching him. Pharmer remembers the left leaning David Souter, who had been expected to be more conservative when he was nominated. We have something similar in Roberts, and can expect further difficulties on account of him.
The reason SCOTUS gives for accepting Obamacare, that Congress is allowed to tax us to death, can become the reason for rejecting most of the incumbents of Congress. It’s time to clean house.
If you’re wanting to torture yourself with the details, Here are the opinions of the Supreme Court on Obamacare.
SEE THE CIRCUS:
One might say that the media was not expecting the Supreme Court to approve Obama’s NEW TAX on the middle class. See the Gaffes HERE!
Over the preceding months Congress has been amassing a good deal of testimony from various members of the Obama administration concerning the nature of the mandate to purchase health insurance. Even during the time that the Obama lawyers argued in favor of the new tax before the Supreme Court, they were telling us that it was not a tax. Sebelius had the most amusing story… it operates as a tax but it is not a tax.
Not to worry, it will feel like a tax, because you will get little to no return on your “investment”.