If We Want “Unity,” Government Must Become Weaker

Last week, a gunman opened fire on a group of Republican members of Congress. Letters sent by the gunman to his local newspaper suggest he was obsessed with Republican policies, and concluded that Donald Trump “Has Destroyed Our Democracy” [sic] and that “It’s Time to Destroy Trump and Co.”
In the wake of the attack, there have been the usual predictable calls for “unity.” These calls, of course, fail to address a central reason why unity appears to be a problem, and why many feel the need to manufacture it where it does not exist.
Fear of a “Foreign” Majority In the wake of the 2016 election, it was not uncommon to read in both the mainstream media, and in social media, predictions that with a Republican victory, a fascist police state would soon be bringing the hammer down on all the enemies of the regime. In this case, “enemy of the regime” was anyone other than the alleged troglodytes who had voted Trump into office.
Nine months later, we’re still waiting on that border wall and on that Obamacare repeal, and on that tax cut. In fact, all we’re likely to get is more government spending, more deficits, and more war. In short, the new administration will look a lot like the old one.

This post was published at Ludwig von Mises Institute on June 23, 2017.

Frontrunning: June 23

One year after Brexit: Forget euro zone breakup, sterling now deemed riskier (Reuters) Senate Holdouts Seek Upper Hand in Perilous Health Bill Talks (BBG) Senate Bill Poses Risks to Health-Care Companies (WSJ) Trump’s Tape Ruse Risks Fresh Legal Jeopardy in Russia Probe (BBG) Arab states demand Qatar closes Jazeera, cuts back ties to Iran (Reuters) Qatar Seen Rejecting List of Severe Demands to End Gulf Crisis (BBG) Turkey rejects call to shut military base in Qatar (Reuters) From Music to Maps, How Apple’s iPhone Changed Business (WSJ) How Killing Obamacare Might Save Obamacare, For a While (BBG) Baghdadi death near 100 percent certain: Interfax quotes Russian senator (Reuters) Japanese warship takes Asian guests on cruise in defiance of China (Reuters) FBI Director Nominee’s Client List Could Hinder Oversight of Investigations (WSJ) Buffett’s Home Capital Bet Backs Turbulent Canada Housing Market (BBG) China’s authorities tighten noose around online video content (Reuters) Deadly London apartment blaze began in Hotpoint fridge freezer, police say (Reuters)

This post was published at Zero Hedge on Jun 23, 2017.

Here Comes The Stupid: Senate Health Care Proposal

From the AP:
When U. S. Senate Republicans unveil their plan to overhaul America’s healthcare system, they will face a skeptical public that already does not buy the justification for an earlier version that passed the House of Representatives, according to a Reuters/Ipsos poll released on Wednesday.
They’re right to be “skeptical”; Obamacare did exactly nothing to address cost, which is where the real issue resides, and the House bill, as I analyzed, would actually make it worse (which is hard to believe, but true.)
The Senate “attempt” will do the same.
The problem is not “insurance” or “coverage” — it’s cost.
Then there’s this sort of nonsense, which IMHO argues for locking up doctors en-masse as drug pushers:

This post was published at Market-Ticker on 2017-06-22.

Republican Rebellion: 5 GOP Senators Oppose Health Bill

Per solid source: at least 3 GOP sens (perhaps more) plan to announce public opposition to McConnell health bill later today. Developing
— Chuck Todd (@chucktodd) June 22, 2017

Update: As it turns out, the Senate’s healthcare bill may be even ‘dead-er’ on arrival than originally thought as Senators Rand Paul (KY), Ted Cruz (TX), Ron Johnson (WI) and Mike Lee (UT) have issued a joint statement saying they will oppose the bill, as it is currently written, because it does not fulfill a promise made to the American public to “repeal Obamacare and lower their health care costs.”
“Currently, for a variety of reasons, we are not ready to vote for this bill, but we are open to negotiation and obtaining more information before it is brought to the floor. There are provisions in this draft that represent an improvement to our current health care system, but it does not appear this draft as a written will accomplish the most important promise that we made to Americans: to repeal Obamacare and lower their health care costs.“

This post was published at Zero Hedge on Jun 22, 2017.

HYPOCRITE MCCAIN MAKES HEALTHCARE STATEMENTS FORGETTING OBAMACARE’S HISTORY

Senator John McCain, a Republican from Arizona, said he hasn’t met an American who has seen the Senate Republicans’ health care bill yet. But he’s ‘sure the Russians have’ gotten their hands on it, Bloombergreported.
When asked Tuesday whether he has seen a copy of the legislation, McCain said he has not. ‘Nor have I met any American that has,’ he added, according to Bloomberg. ‘I’m sure the Russians have been able to hack in and gotten most of it.’ With all this talk still going on about Russian hacking, there hasn’t been one single shred of evidence released to the public that could even come close to validating McCain’s hypocrisy.
I bet some remember this lovely chunk of propaganda right before Obamacare was rammed down our throats. It kind of looks like no one saw the Obamacare bill either. Of course, two wrongs don’t make a right, but they do show McCain’s utterly hypocritical stance he’s taking.

This post was published at The Daily Sheeple on JUNE 21, 2017.

THIS MAP SHOWS HOW MANY INSURERS ARE PULLING OUT OF OBAMACARE

Major insurance providers are opting out of Obamacare entirely in counties and states across the nation, and a new map shows exactly how dire the circumstances are becoming for consumers in many areas.
Axios gathered data from the Kaiser Family Foundation regarding insurance companies participation in the Obamacare marketplace from 2014 to 2017 and mapped the results. The interactive map illustrates the trend among insurance providers to opt out of, or greatly reduce their exposure to, the Obamacare exchanges over the first four years.

This post was published at The Daily Sheeple on JUNE 19, 2017.

Obamacare Death Spiral: First 2018 Coverage Map Reveals At Least 47 Counties With No Coverage

Earlier today the Centers for Medicare and Medicaid Services (CMS) released the first projected county-by-county map of Obamacare coverage for the 2018 plan year which depicts at least 47 counties, with 35,000 active Obamacare exchange participants, that will have no health insurance options next year. Meanwhile, another 2.4 million people are expected to have only 1 option for coverage. Per CMS:
The Centers for Medicare & Medicaid Services (CMS) is releasing a county-level map of 2018 projected Health Insurance Exchanges participation based on the known issuer participation public announcements through June 9, 2017. This map shows that insurance options on the Exchanges continue to disappear. Plan options are down from last year and, in some areas, Americans will have no coverage options on the Exchanges, based on the current data.
The CMS map displays point in time data and is expected to fluctuate as issuers continue to make announcements on exiting or entering specific states and counties. It currently shows that nationwide 47 counties are projected to have no insurers, meaning that Americans in these counties could be without coverage on the Exchanges for 2018. It’s also projected that as many as 1,200 counties – nearly 40% of counties nationwide – could have only one issuer in 2018. Currently, for 2018 at least 35,000 active Exchange participants live in the counties projected to be without coverage in 2018, and roughly 2.4 million Exchange participants are projected to have one issuer. It’s expected that the number of consumers with no coverage choices will rise.

This post was published at Zero Hedge on Jun 13, 2017.

The Criminal Empire Has No Where To Go, What’s Their Next Move – Episode 1305b

The following video was published by X22Report on Jun 13, 2017
Obamacare is losing another 2 million people, they are not signing up because it is to expensive. Sessions was being questioned about meeting with Russians, this is a dead end. After 6 months there is no evidence of Russian collusion. North Korea released an American citizen and is transporting this individual back to the US. The President is meeting with the President of South Korea. USS Carl Vinson is headed back to Pearl Harbor. Syria has taken the border and is now controlling it. Tillerson says Trump has no authorization to strike Syrian, Russian or Iranian troops.

Maryland, D.C. Attorney Generals To File Lawsuit Against Trump

The attorneys general of Maryland and the District of Columbia plan to file a lawsuit on Monday the WaPo reported late on Sunday, alleging that foreign payments to President Donald Trump’s businesses violate the U. S. constitution. The lawsuit is to be announced at noon on Monday.
While Trump already faces a similar lawsuit that was filed in January by plaintiffs including a ethics non-profit group, the case from two Democratic AGs could stand a better chance in court as the first government action over allegations that Trump, violated the constitution’s so-called emoluments clause, Reuters adds.
In recent months, Democrat AGs have taken a lead role in the “resistance” against the president, litigating against Trump’s policies and successfully blocking Trump’s executive order restricting travel from some Muslim-majority countries. They are also resisting efforts to roll back environmental regulations and insurance subsidies under Obamacare.

This post was published at Zero Hedge on Jun 12, 2017.

Can Trump Deliver on Economic Promises?

Today is the 139th day that the Republican Congress has not repealed nor replaced Obamacare.
In fact, Congress hasn’t moved forward in any substantive way on any of Pres. Trump’s ambitious economic agenda. There is no sign of tax reform. No sign of significant regulatory reform. No infrastructure spending bill. And of course, we still have Obamacare.
This raises an important question: can Trump deliver on his economic promises?
This isn’t to say the president hasn’t accomplished any of his goals. He’s done what he can to move his agenda forward through executive action. But substantial reforms will require the cooperation of Congress, and that seems pretty iffy at this point. Trump has found imposing his will in Washington D. C. isn’t quite the same as exerting control over the boardroom in Trump tower. The political process is a whole different animal. The president’s difficulties are exacerbated by constant media harping, a divided GOP, political pressures stemming from’Russian ties’ allegations, and some would argue his own Twitter account.
The stock market soared after Trump’s election. Most analysts say expectations of economic reform were big drivers of what many have dubbed the ‘Trump-bump.’ Investors expected a repeal of the Affordable Care Act, substantive tax reform, America-first trade policies, infrastructure stimulus, and an easing of regulatory the burden. But whether or not these broad policy changes will ever happen remains pretty iffy. In fact, economic and financial analysts Jim Rickards said implementing Trump’s Economic Plan is ‘Sheer Fantasy.’

This post was published at Schiffgold on JUNE 7, 2017.

Watch Live: Trump Talks Healthcare With “ObamaCare Victims” In Cincinnati

Earlier this morning President Trump previewed a speech he will deliver momentarily to a group of voters in Cincinnati on Obamacare reform and infrastructure with the following tweet:
“Getting ready to leave for Cincinnati, in the GREAT STATE of OHIO, to meet with ObamaCare victims and talk Healthcare & also Infrastructure!”

This post was published at Zero Hedge on Jun 7, 2017.

Don’t Count on Deregulation to Save the Trump Trade

Americans have hated government red tape since 1776. Our founding document, the Declaration of Independence, complained King George III ‘sent hither swarms of Officers to harass our people and eat out their substance.’
Yet here we are, 241 years later, many of us still griping about the regulators.
Reining them in was one of President Trump’s top campaign promises. Expectations he would do so helped spark a post-election stock rally that boosted highly regulated sectors like banking and biotech.
I’ve thought all along people expected too much. Presidents don’t get a magic wand on Inauguration Day, and they can’t bring on major change just by talking about it.
Now formerly bullish investors and business leaders are starting to curb their enthusiasm. Tax reform is already getting pushed back to 2018 and possibly later. And the Obamacare replacement plan – as well as the tax cuts that are part of it – is going nowhere fast. At least one GOP senator says a deal is unlikely this year.
If those are off the table, can we at least count on regulatory relief?
To some degree, yes… but we may have already seen most of it. If your investment strategy counts on deregulation to boost stock prices, you might want to reconsider.

This post was published at Mauldin Economics on JUNE 6, 2017.

Pelosi Concerned POTUS’ Trip Wasn’t Alphabetized: “I Mean, Saudi Arabia. It Wasn’t Even Alphabetical”

Over the years, Nancy Pelosi has garnered somewhat of a reputation for saying things that don’t seem to make a whole lot of sense. As most will recall, the pinnacle of her illogical ramblings seemingly came in March 2010 when she argued that voters would only be allowed to read the details of the Obamacare legislation after it had been passed.
For those who somehow managed to miss it…here you go:

Oddly, comments like the one above seem to have had absolutely no impact on San Franciscans who continue to re-elect her to public office year after year. And while we find that somewhat disturbing, it at least affords us all the opportunity to enjoy an endless supply of gaffes from Pelosi’s very active public speaking schedule.


This post was published at Zero Hedge on May 26, 2017.

It Is All Unraveling And This Is Why Everyone Should Be Nervous – Episode 1289b

The following video was published by X22Report on May 25, 2017
Another insurer is leaving Obamacare. Comey is blaming the Clinton investigation on a Russian document . Trumps slams intel leaks and Jeff Sessions is going to begin an investigation. US warship enters the South China Sea and comes withing 12 nautical miles from China’s territory. Trump wants NATO members to pay their fair share. EU cannot come to a consensus with Trump on Russia. US troops kill civilians in Yemen but the corporate media says they killed al-Qaeda. Russia says the recent provocations is to derail the peace talks in Libya. Bill introduced to continue the fight against the paid mercenaries in Iraq, Syria and the rest of the middle east.

Two Simple Charts Explain The Devastating Consequences Of Obamacare

As the mainstream media and the original Affordable Care Act (ACA) architects attempt to saddle the Trump administration with the blame for Obamacare’s epic implosion, we thought the following two charts, which highlight the staggering increases in premiums from 2013 through 2017, were a timely reminder that Obamacare’s ‘implosion’ occurred long before people even thought Trump had a shot at the White House.
Per the chart below from the Department of Health and Human Services, the average individual purchaser of health insurance across the United States saw their premiums increase from $232 per month in 2013 to $476 per month in 2017, a ‘modest’ increase of over 100% in just a few years. To put that into perspective, that’s nearly $3,000 per year and roughly 9% of what the median American earns each year.

This post was published at Zero Hedge on May 24, 2017.

The Budget

He knows folks.
He knows its coming, and yet he’s going to take it out of your ass, and he has the entire GOP with him in doing it too.
What’s “it”? The medical cost explosion, which has run about 9% compounded for the last 30 years or so and which shows exactly no sign of slowing down, as I’ve noted repeatedly. In fact Obamacare only got one year of flat spending in Medicare and Medicaid.
One.
After which it went right back to where it was.
As I have repeatedly shown by the numbers just taking one condition (Type II diabetes) and changing how we deal with it — turning it from a drug pusher mentality into one that is managed through changes in what one eats, a change in approach that works for virtually everyone with the condition to a material degree and has a good probability of returning blood sugar to normal without the use of any drugs at all would virtually eliminate the Federal deficit.

This post was published at Market-Ticker on 2017-05-23.

Trump Saves Obamacare Again… For Now

The Trump administration and the House have officially asked for another 90 days to work out a lawsuit over subsidies that help poorer people afford to use their Obamacare insurance plans, further delaying a long-running legal fight that’s already destabilizing the health law.
As Axio snotes, the key point is – “The parties continue to discuss measures that would obviate the need for judicial determination of this appeal, including potential legislative action.”
Full motion below…

This post was published at Zero Hedge on May 22, 2017.