This is what unraveling looks like. Six major public opinion polls have confirmed Obama's approval rating is plummeting. CNN/ORC, CBS News, ABC News/Washington Post, Quinnipiac University, National Journal Heartland Monitor, and NBC News/Wall Street Journal have all found the President's job performance has reached an all time low or matched his previous low point.
Yesterday's "nuclear option" power-play by Harry Reid was a high risk maneuver primarily intended to mollify the Democratic base and slow the revolution beginning to boil on the left side of the aisle. It also exposed the hypocrisy of the Dems who adamantly defended the Senate minority's rightswhen the GOP was in the majority in 2005 including Obama, Biden, Reid, and Clinton.
This morning comes another huge political bone thrown out to Democrats running for re-election in 2014. HHS is going to delay the first renewal date of ObamaCare policies by a month - conveniently, just after the mid-term elections.
If the current trend continues - older, sicker, lower-income Americans predominantly signing up instead of the young, healthy folks - the financial house-of-cards upon which ObamaCare was built and sold will collapse. What kind of premium shock do you suppose will await people for that first renewal?
We also have to wonder how many more bites the Democrats will take at the hypocrisy apple? Delay of ObamaCare was but one of many options Republicans laid on the Democrats table just weeks ago - all rejected out of hand by Team Obama. Now, Obama implements another delay, yet another change in his name-sake legislation, unilaterally.
Here's the opening paragraphs from a Newsmax.com release:
The second-year start of Obamacare enrollment will be pushed back by one month to give health insurers more time to prepare new plans and rates, an official with the U.S. Department of Health and Human Services said.
That enrollment period, previously scheduled to begin Oct. 15, 2014, will now start Nov. 15, said the official who asked not to be identified because the decision isn’t public. The change is important to insurers that need more time to evaluate the first year of the government-run marketplaces, set up last month as part of the Patient Protection and Affordable Care Act.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 17th, 2014 | John Ransom
In Other News: State Department Covers Up for Hillary – Asks IRS How to Destroy Hard-Drives | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 15th, 2014 | John Ransom