And the winners of the first Obamacare payout lottery are … not the taxpayers

posted at 2:48 pm on April 3, 2011 by Jimmie Bise, Jr

If you had any doubt that Obamacare was a huge scam, let Jamie Dupree blast it away like an oyster cracker before a sandstorm.

Facing questions from both parties in the Congress, the Obama Administration has now revealed how it has spent over $1.7 billion on part of the Obama health law, known as the Early Retiree Reinsurance Program.

This plan is intended to help companies pay the cost of health care for their early retirees, but lawmakers say it is wrongly benefiting companies like AT&T and General Electric, who have billions in profits on their bottom lines.

The list that follows is like a Who’s Who of big campaign donors, unions, and public employee groups. Six of the top ten recipients are pension systems for public employees. The United Auto Workers, already $3.4 richer from the auto bailout, topped the list with an award of almost $207 million. General Electric, which paid no taxes at all in 2010 and whose CEO is a darling of the White House, received $36.6 million, good for 11th place on the list.

AT&T, which placed second on the list, spent slightly under $15.4 million on lobbying efforts in 2010 and will rake in over $140 million from just this portion of Obamacare. Verizon, third on the list, will make $91.9 million on its $16.75 million 2010 lobbying investment.

Melissa Clouthier has the right of it. This has to stop. Let us set aside the obvious fact that we simply can’t afford Obamacare and focus on the message the ERRP sends. Companies now have a crystal-clear example that if they pony up a few million dollars to Washington politicians, they can expect to see their money returned to them multiplied many times. Most of us who have watched Washington politics know this has been true for a while but I can’t recall a time when our government was this blatant about paying back its corporate and union supporters. If ever there was a time for the taxpayers to push back hard against the rent-seeking and paybacks, it’s now. If not, well, we deserve everything we get.

Jimmie runs The Sundries Shack and has his own very entertaining podcast called “The Delivery”. He is also an amateur musician, an aspiring composer, an unrepentant geek and an avid fan of Twitter. This article is cross-posted there.

This post was promoted from GreenRoom to HotAir.com.
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Comments

It’s always Christmas for the donors of this regime.

leftnomore on April 3, 2011 at 2:50 PM

da Chicaga way!

SDarchitect on April 3, 2011 at 2:53 PM

They think they have unlimited $$$$$$$$$$$$’s or something.

OmahaConservative on April 3, 2011 at 2:54 PM

bho and team have appealed Judge Vinson’s ruling. I wonder how the 11 circuit will rule? One would think that with all the waivers bho and team have give out, us ‘little people’ would get one also?

http://www.foxnews.com/politics/2011/04/03/obama-justice-department-appeals-judges-health-care-ruling/?test=latestnews
L

letget on April 3, 2011 at 2:55 PM

Are we going to have to take to the streets to get our country back??? I do not see this nightmare ending any other way. Every day it just gets deeper and deeper. We cannot keep this up any longer.

retiredeagle on April 3, 2011 at 2:59 PM

Does anyone have any feedback or info on Oathkeepers”. I was thinking of joining but have not seen anything recently about them.

retiredeagle on April 3, 2011 at 3:01 PM

This illustrates another difference between RomneyCare and ObamaCare. At least Mitt Romney didn’t pass his plan to reward his donors.

Conservative Samizdat on April 3, 2011 at 3:05 PM

This illustrates another difference between RomneyCare and ObamaCare. At least Mitt Romney didn’t pass his plan to reward his donors.

Conservative Samizdat on April 3, 2011 at 3:05 PM

Which still doesn’t make it a good idea, nor does it mean Romney belongs anywhere near the White House in an official capacity. What part of “socialized medicine advocacy” do you not seem to understand?

gryphon202 on April 3, 2011 at 3:11 PM

Do you recognize the tune that Nero OBAMA is playing on his fiddle?

It’s “BURN BABY BURN

PappyD61 on April 3, 2011 at 3:12 PM

I just posted this on another headline at hotair.com, but it will dissapear in a few minutes, so thought I would copy here.

Met with a financial planner this week. If you want to be frightened about this economy meet with one. He recommended we see a movie – IOUSA on youtube. The web site belongs to Peter G. Peterson and it is about 4 hours in increments. He said that most financial experts have pulled out of the US economy and put their money in other countries. No wonder we are failing. He said if something doesn’t change in the next 18 months we really will be in deep kimshee!
Hope and change! No one on the dem side asked what it meant, just anything but Bush.

Bambi on April 3, 2011 at 3:05 PM

Also add that he said we really are in debt 90 trillion!

Bambi on April 3, 2011 at 3:12 PM

gryphon202 on April 3, 2011 at 3:11 PM

His was a state experiment, not a federal mandate. He always says the states chould experiment, not the federalies!
Can’t you see how much better off we would be with Romney?

Bambi on April 3, 2011 at 3:15 PM

Whoops: chould, I guess that’s a cross between should and could!

Bambi on April 3, 2011 at 3:16 PM

It pays to be a fascist.

Not for nothing but, Republicans are still funding it, over and over again…

Rae on April 3, 2011 at 3:22 PM

His was a state experiment, not a federal mandate. He always says the states chould experiment, not the federalies!
Can’t you see how much better off we would be with Romney?

Bambi on April 3, 2011 at 3:15 PM

A state experiment…good gawd, I hope you’re being sarcastic. The states have the authority to experiment under the constitution. That changes nothing about the fact that Romneycare was a bad idea, and Mitt Romney is a socialized medicine advocate.

gryphon202 on April 3, 2011 at 3:32 PM

Why isn’t this kind of activity illegal and why can’t we impeach Obama and all the Demorats who supported this travesty?

jawkneemusic on April 3, 2011 at 3:37 PM

Not too long ago, I saw a list of the average profit margins for US industries. It was very interesting and, in some cases, highly illuminating. Standing head and shoulders above the rest is the communications industry with an average profit margin of 21%. Now, I generally oppose tax paid subsidies of any kind, whether by grant, loan or tax shelter, but I really, really oppose them for companies like AT&T and Verizon. They can damn well afford to take care of their own retirees.

If we’re successful in repealing ObamaCare, will these companies/unions/states have to return all that money?

SukieTawdry on April 3, 2011 at 3:46 PM

These people are thugs.

ladyingray on April 3, 2011 at 3:50 PM

Which still doesn’t make it a good idea, nor does it mean Romney belongs anywhere near the White House in an official capacity. What part of “socialized medicine advocacy” do you not seem to understand?

gryphon202 on April 3, 2011 at 3:11 PM

RomneyCare isn’t socialized medicine at all.

First of all, there is state take over of private health insurance plans.

Secondly, people are simply required to have health care insurance. They are not required to join a specific health care company. They are free to join any insurance company.

Thirdly, RomneyCare operates like a voucher in which people who cannot afford health care are given money provided by the Federal Government to choose which health care plan they want to join.

Fouthly, RomneyCare applies free market principles. Insurance companies are free to compete with one another, offer competitive prices and consumers are free to choose among the many companies who are offering services at competitive prices.

I don’t think you understand socialism. You throw it around with out understanding what it means.

Conservative Samizdat on April 3, 2011 at 4:07 PM

Can’t seem to load Dupree’s AJC page. Hmmm….

BADROTO on April 3, 2011 at 4:42 PM

Ok, it finally showed up. Must be a popular page.

BADROTO on April 3, 2011 at 4:45 PM

If we’re successful in repealing ObamaCare, will these companies/unions/states have to return all that money?

SukieTawdry on April 3, 2011 at 3:46 PM

Heh, that’s funny.

Tim Zank on April 3, 2011 at 4:46 PM

How is this not illegal?

ldbgcoleman on April 3, 2011 at 5:13 PM

Are we going to have to take to the streets to get our country back???

retiredeagle on April 3, 2011 at 2:59 PM

Actually, when the moochers run out of our dough from the bankrupt government, we’re going to have to protect our homes from the streets.

justltl on April 3, 2011 at 5:22 PM

If one is an average Joe, I’d recommend a 12 gauge, a .357 and, for amusement, a 30.06.

justltl on April 3, 2011 at 5:26 PM

It’s all about the boodle…

glockomatic on April 3, 2011 at 5:54 PM

Of course.

WoosterOh on April 3, 2011 at 6:10 PM

Road agents used to wear a bandanna. These guys don’t even bother pulling a hoodie on. They’ve gone from hiding in plain sight to stealing in plain sight and we’ve go no one trying to stop it. Maybe we should borrow from the unions and boycott 4-15.

Kissmygrits on April 3, 2011 at 6:50 PM

How is this not illegal?

ldbgcoleman on April 3, 2011 at 5:13 PM

I wish people would stop asking that. How many illegal things has this administration done? They’re not going to be held accountable to the law, the only thing we can do is vote them out by enough margin that they can’t cheat.

They will not obey the law, and they will not be held accountable. We *may* be able to undo *some* of the damage later.

Merovign on April 3, 2011 at 7:34 PM

Disgusting use of my (our) money…

Khun Joe on April 3, 2011 at 7:58 PM

Unprincipled bastages. Blatant thieves.

R E P E A L

I T.

Nancy, Dingy Harry, and The Lightworker are the worst sort of base, degenerate, low-life crooks that our government has seen.

These *******s make Madoff look like a piker.

hillbillyjim on April 4, 2011 at 2:28 AM

Just keep reminding yourselves, and all your friends…

This bill was passed by DEMOCRATS ONLY.. Every Republican voted against it.

The PPACA passed the Senate on December 24, 2009, by a vote of 60–39 with all Democrats and Independents voting for, and all Republicans voting against. It passed the House of Representatives on March 21, 2010, by a vote of 219–212, with all 178 Republicans and 34 Democrats voting against the bill.

franksalterego on April 4, 2011 at 8:02 AM

Can we impeach this sorry, useless, piece of human excrement yet? Starts a war, Ignoring the Constitution, takes it upon his self to declare the Defense of Marriage Act, made racist statements that a white man would have been raked over the coals for, allowed his Attorney General to instruct the members of the Justice Department NOT to prosecute discrimination if it was black discriminating against White. He has spit in the face of our allies and snuggled up all cozy to our enemies. Obama is the enemy within.

old war horse on April 4, 2011 at 8:10 AM

retiredeagle on April 3, 2011 at 3:01 PM The best thing to find out about Oath keepers is to go to the home page then to forums and they have an introduction to their program. There may be a chapter in your State as well. The site has a search fetcher that will locate and give you contact information on the State. If you wish you can send an email to aqc6784 over at hot mail and I will give you as much information as I have.

old war horse on April 4, 2011 at 8:16 AM

Has anyone figured out what Jimmie means by this?

already $3.4 richer

Jaibones on April 4, 2011 at 11:13 AM