Obama told a group of supporterson Monday that with Obamacare their premiums will decrease by 3,000%.
They actually clapped and screamed when he pushed this ridiculous figure:

But, of course, this was not true. It wasn’t even close. In fact, even the AP wasn’t buying it, via Sweetness and Light:

Buyers, beware: President Barack Obama says his health care overhaul will lower premiums by double digits, but check the fine print.

Premiums are likely to keep going up even if the health care bill passes, experts say. If cost controls work as advertised, annual increases would level off with time. But don’t look for a rollback. Instead, the main reason premiums would be more affordable is that new government tax credits would help cover the cost for millions of people.

Listening to Obama pitch his plan, you might not realize that’s how it works.

This is another good reminder that Obama and democrats will say and do anything to get their horrid bill passed.

More… Major Kong is beside himself:

Well that’s not good news. I just applied for a Community Reinvestment Act loan to be provided by Fannie Mae, in which I listed as assets the huge savings I was to realize through the 3,000% reduction in my medical insurance premium. Now I may not get the loan.And if I don’t get the loan what hope do I have of getting bailed out when I can’t make loan payments?

What to do? What to do?

 

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  1. Democrats are pushing for a system of “single provider”(the Govt) and a monopoly how is that going to help costs?

  2. This liar cranks out more whoppers than Burger King. He knows he can get away with it.

    The foundation of a free society is a free press. The U.S. press has enslaved themselves to the Democrat Party.

  3. And where do government tax credits come from? The government tax credit fairy?

    Smoke and mirrors

  4. I think that, by far, the most important aspect of this incident is how the crowd cheered when he said it. These people would eat poop if he told them it was a cupcake.

    Mmmm, mmmm, mmmm…..as it were.

  5. Well that’s not good news. I just applied for a Community Reinvestment Act loan to be provided by Fannie Mae, in which I listed as assets the huge savings I was to realize through the 3,000% reduction in my medical insurance premium. Now I may not get the loan.And if I don’t get the loan what hope do I have of getting bailed out when I can’t make loan payments?

  6. Public option is back

    meanwhile Kaine promises more bribes on Baran’s behalf.

  7. It’s perfectly obvious that more doctors and more medical facilities are needed before health care costs come down. Even in the unlikely event that this were to happen, government intervention, malpractice litigation, and insurance company red tape will work against a drop in prices.

  8. Related YouTube parody: Obama Impersonates Dr. Evil with 3000% Claim: http://www.youtube.com/watch?v=_PltdEp3Opk

  9. If you’re 20, and not a leftist, you have no heart.
    If you’re 30, and still a leftist, you have no brain.

  10. What’s a few extra 0000′s anymore?

    If you don’t like this bill then you’re a crony for capitalism, which makes you an enemy of the state.

    Hope and Change…

  11. The Beaufort Observer carried this story this morning. You’re right, those people were delirious with pleasure at being in the presence of Their One. Well, maybe not the dude in the gray sweater/black tie – he looked kinda creepy but still managed to fit right in.

    See Obama saves us all!! at http://www.beaufortobserver.net/

  12. I’m not a climatologist so this math is confusing:
    How is this going to save money if some employers are not only going to see their health care premiums go to zero but also receive 29 times the old premium?

    In addition, Obama again reveals his misunderstanding about employee compensation. If the premiums decline for the employer but the healthcare remains, the employee compensation is still that required to retain and recruit employees so why would the employer give a raise? Absent to the point of the government gun, of course.

  13. If by now you cannot see that Obama is a committed MARXIST, then you aren’t paying attention or you are a libtard. Obama is not an honest man. Nearly everything he says is a lie and he knows it.
    We have told him NO, yet he continues to try to rape us. No means no. If they persist they do so at their own peril

  14. JKB, Obama does not care about the details. He wants Communism now. It is starting to sink in to a lot of people. Stalin didn’t care that people starved by the millions. He wanted communism and he craved control.
    Obama is no different.

  15. I was going to explain the simple mathematical concept of something that used to cost money and is now free as being a 100% reduction in cost. Then, I realized we were talking about our president. That makes any discussion of economics or numbers in general useless. Like him.

  16. I have a dead serious question. I believe that we will have Obamacare as law by Sunday. I also believe that this is the Marxist in chief’s plan for socialism by 2012.
    He’s almost there.
    How do we, the American People, stop this? Don’t tell me elections. They’ve destroyed the Constitution, therefore the election process will be as meaningless as the legislative process has become. As unbelievable as this is to me, I am afraid that my children will grow up in a country unlike any I’ve experienced. If I wanted any thing but a free society, I would have moved.



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