The Barack Obama Evolution Blog

Well it’s been awhile and this just had me going in a few directions. First I friend of mine told me the other day about the new overdraft law that Congress passed and will be effective July 1. 2010 called the Overdraft Fee Notification

H.R. 1487 . There has been much debate over this but for the most part consumers are happy that banks will no longer be allowed to charge overdraft fees on ATM transactions or debit card purchases that cause a checking account to go into the negative. This law will NOT cover checks however. Please keep this in mind.  Should you want overdraft protection you must opt-in to tell the bank to pay the transaction.

My question is depending on the bank how are they going to handle this? I am sure they will be trying every method in the book to stock up on these charges before this legislation takes place in July. But once the new regulation comes to fruition on August 15, this practice will be against the rules unless you “opt in” by authorizing your bank to continue automatically authorizing these transactions and charging you the overdraft fee. HMMMM!

Coupled with that is the new Wall Street Reform Bill to hold banks accountable not punish them. I am a little mixed for words here.   I thought when holding someone accountable meant to make sure right is done and if not then there will be consequences. Well once it passes Congress will iron out the punishment…ooops penalties.

All I can say is remember ENRON!!!

Going on NOW!!

President Obama is having a bipartisan meeting all day on the Health Care Reform. It is live now from 10AM – 4PM EST.

Click on the image below to be sent to the LIVE STREAM!!

 

“Evolve”

Hoo-r-a-ay for Small Business!!

Weekly Address 10-24-09

President Obama is praising small businesses stating that they have been the engine of our economy providing 65% providing new jobs in the past 15 years. He feels they must be at the forefront for stimulating our economy. Many have failed due to big box companies moving in or the high cost of health insurance for their workers.

There is a place for the small business who caters to those buyers who want something special unique. I can speak to that because I am one of those small business owners. We have our niches that we can fit in quite nicely and be able to thrive. Small businesses are doing something right being that 65% of them are providing jobs for Americans and the rest of the percent well?

Recovery act was made to help small biz expand and create more jobs. He is asking Congress to expand the amounts of SBA loans and various other programs. I am sure that there has been some balancing of budget here and will have to review that in another post but for now take a listen and…..

“Evolve”

8 Steps to a Healthy America!

Yesterday Wed, 7-29-09 President Obama was in Raleigh, North Carolina at their town hall meeting discussing the Health Care Reform Act.  He outlined and emphasized  8 Steps to consumer protection in the insurance arena.

I find this very interesting and enlightening. I especially like the pre-exsisting clause. That one always mad me just so irritated to know that most insurance companies discriminated against those that had health conditions before they were insured with a new insurance company. I always felt that was just so wrong.  Only to realize that this was something that was by choice so that the insurance company wouldn’t have to put out more than it takes in. I understand the  business model of it all but there is more than one way to achieve this. It takes creative thinking and now they have no choice if the Act passes the Senate.

Which looks like it won’t be re-addressed until September due to the Senate taking August recess.  Okay I have to say it time for play time, lol!

The extended coverage for youths adults is a great comfort zone for parents with dependents. The Auto Renewal isn’t bad either. So far on the surface these are admirable protections for the consumer.

As I posted previously the idea of the consumer being in more control (an Insurance Exchange) over their health insurance decisions is what Americans want. This really made me perk up. Who doesn’t like being in control of themselves?

I suppose we are in continuous wait mode for the Senate after their recess time, lol! Continue to contact your Senators and let them know just how important the Act is to you and your family. We can tweak an act soon to be a law and not as hard and trying to amend the Constitution of the United States.

Here’s hoping and praying for a healthier nation!

“Evolve”

Have you seen these?

Conversations with Health Care Stakeholder Discussions  at the White House. There are 8 videos in total. Check back often for the rest of the discussions it proves to be very enlightening and informative.

“Evolve”