http://www.cnbc.com/2017/03/27/us-markets.html
The markets are in free fall after Trumpcare fell through the cracks. With the looming collapse of Obamacare on the horizon, as well as the entire Trump regime presumably a lame duck before ever stepping in office with both parties poised to torpedo him, it looks like the country is on the verge of a major economic collapse.
Cheers! That should give Dims some votes in 2020 and put a smile on everyone who hates the United States! 😵
27 Mar 17
Originally posted by whodeyThat is the problem with having an economy founded on nothing more than opinion polls.
.... it looks like the country is on the verge of a major economic collapse.
Now back to reality. The US economy won't collapse. It might take a hit if the republicans successfully carry out tax reform - or it might pick up, depending on what they do. You can actually help the economy by harming the poor.
But given the healthcare fiasco, I expect tax reform will be either a slow laborious process or another laughable failure.
Originally posted by whodeyWith the looming collapse of Obamacare on the horizon...
http://www.cnbc.com/2017/03/27/us-markets.html
The markets are in free fall after Trumpcare fell through the cracks. With the looming collapse of Obamacare on the horizon, as well as the entire Trump regime presumably a lame duck before ever stepping in office with both parties poised to torpedo him, it looks like the country is on the verge of a major ec ...[text shortened]... should give Dims some votes in 2020 and put a smile on everyone who hates the United States! 😵
You'll have a long wait on that one little Whoders, Just because Mr. Trumpster says Obamacare is collapsing, dosen't make it so, and please explain to us why all these economic collapse's happen on the Republicans watch, just another coincidence?? D😀😀
Originally posted by whodeyOh, please!
http://www.cnbc.com/2017/03/27/us-markets.html
The markets are in free fall after Trumpcare fell through the cracks. With the looming collapse of Obamacare on the horizon, as well as the entire Trump regime presumably a lame duck before ever stepping in office with both parties poised to torpedo him, it looks like the country is on the verge of a major ec ...[text shortened]... should give Dims some votes in 2020 and put a smile on everyone who hates the United States! 😵
Stop being such a drama queen.
We don't hate the US.
We think hate your foreign interventions and we think you're retarded. But hate a whole country??? Bizarre.
As for Trump: I told you way in advance that the nutter would rip you a second poop-chute.
And I also told you I'd be laughing all day every day...
All true.
I must be related to Nostradamus or something.
27 Mar 17
Originally posted by whodey"Stocks mixed as Wall Street weighs tax reform prospects; Nasdaq erases 1% loss"
http://www.cnbc.com/2017/03/27/us-markets.html
The markets are in free fall after Trumpcare fell through the cracks. With the looming collapse of Obamacare on the horizon, as well as the entire Trump regime presumably a lame duck before ever stepping in office with both parties poised to torpedo him, it looks like the country is on the verge of a major ec ...[text shortened]... should give Dims some votes in 2020 and put a smile on everyone who hates the United States! 😵
One should wait at least a few hours before going all Chicken Littleish about swings in the stock markets.
That said, I wouldn't be surprised if the markets dropped a bit after the Trumpcare failure as the bill would have removed a tax on "investment income", including from stocks, for those making over $250,000. If the expectations that this tax would be repealed and that the flow of income from stocks would thus be greater were priced into the markets then that will have to be discounted.
27 Mar 17
Originally posted by whodeyThe CBO disagrees with the claims that the ACA system will "collapse" or "explode":
http://www.cnbc.com/2017/03/27/us-markets.html
The markets are in free fall after Trumpcare fell through the cracks. With the looming collapse of Obamacare on the horizon, as well as the entire Trump regime presumably a lame duck before ever stepping in office with both parties poised to torpedo him, it looks like the country is on the verge of a major ec ...[text shortened]... should give Dims some votes in 2020 and put a smile on everyone who hates the United States! 😵
The subsidies to purchase coverage combined with the penalties paid by uninsured people stemming from the individual mandate are anticipated to cause sufficient demand for insurance by people with low health care expenditures for the market to be stable.
https://www.cbo.gov/publication/52486
27 Mar 17
Originally posted by shavixmirUndoubtedly the HHS Secretary could change some rules that would make destabilization of the market more likely. But I fail to see the upside for the Administration if they do so; they'll get the blame for doing so and it will cause a lot of big US business in the healthcare and insurance industries to lose money.
They can change subtle rules to make it implode.
Originally posted by no1marauderWhen they can just print money out of thin air, technically it will never collapse, unless the economy takes a dive because of all the debt. However, if $20 trillion plus does not cause it, what will? Maybe they can go another $20 trillion in debt or higher.
The CBO disagrees with the claims that the ACA system will "collapse" or "explode":
The subsidies to purchase coverage combined with the penalties paid by uninsured people stemming from the individual mandate are anticipated to cause sufficient demand for insurance by people with low health care expenditures for the market to be stable.
https://www.cbo.gov/publication/52486
It's all voodoo economics to me.
27 Mar 17
1 edit
Originally posted by no1marauderDo I understand you correctly that one of the ideas behind Trumpcare was to repeal certain aspects of Obamacare to essentially 'pay for', tax relief for rich people that don't really need it anyway.
"Stocks mixed as Wall Street weighs tax reform prospects; Nasdaq erases 1% loss"
One should wait at least a few hours before going all Chicken Littleish about swings in the stock markets.
That said, I wouldn't be surprised if the markets dropped a bit after the Trumpcare failure as the bill would have removed a tax on "investment income", including ...[text shortened]... stocks would thus be greater were priced into the markets then that will have to be discounted.
27 Mar 17
Originally posted by robbie carrobieOr you could say that cutting health care for poor people would "save" enough money to "pay" for a nice tax cut for the wealthy. Actually according to CBO estimates, screwing 24 million people out of health insurance would more than pay for the tax cuts.
Do I understand you correctly that one of the ideas behind Trumpcare was to repeal certain aspects of Obamacare to essentially 'pay for', tax relief for rich people that don't really need it anyway.
27 Mar 17
Originally posted by whodeyYou do realize the ACA as presently constituted with the taxes in place actually reduces the deficit?
When they can just print money out of thin air, technically it will never collapse, unless the economy takes a dive because of all the debt. However, if $20 trillion plus does not cause it, what will? Maybe they can go another $20 trillion in debt or higher.
It's all voodoo economics to me.
27 Mar 17
Originally posted by no1marauderwow I dared not believe it but its true.
Or you could say that cutting health care for poor people would "save" enough money to "pay" for a nice tax cut for the wealthy. Actually according to CBO estimates, screwing 24 million people out of health insurance would more than pay for the tax cuts.