Who could've saw this one coming?
Submitted by gjohnsit on Wed, 04/05/2017 - 5:24pm
Republicans met today to discuss repealing Obamacare.
Things did not go well.
Republican efforts to unite around a plan to repeal Obamacare devolved into a heated round of intra-party sniping Wednesday, as conservative groups publicly pummeled moderate GOP lawmakers — all while the White House talked of unity and progress.
I'm stunned.
Good thing the Repubs are united on the more important agenda of tax reform.
U.S. House of Representatives Speaker Paul Ryan said on Wednesday that tax reform will take longer to accomplish than repealing and replacing Obamacare would, saying Congress and the White House were initially closer to agreement on healthcare legislation than on tax policy.
Well that's encouraging.
I wonder how the markets will take the news?
Bull market depends on whether Trump can deliver on key promises
An overvalued stock market couldn’t withstand any Trump policy failures
If you want the bull market to last, root for President Trump to deliver
Well, that's OK, because the Fed has the market's back.
Comments
Party unity, my ass!
Glad to see the Repugs getting a taste of the new and shrinking Democratic party cohesion. Whatever Congress and the Trumposaurus do, the market is gonna crash. It is way, way overpriced. Yellen's recent "incremental" interest rate elevation is going to slow our wonderful economy even further. Less money to spend, less profit for the corporatists. They don't get this. I thought they were the "smart" ones.
The DOW was up almost 200 points today
and then the Fed said the market was overpriced and the DOW finished in the red.
What did they think the Fed was going to say? Everything was hunkydory?
I shall instruct (or remind) the curious of the Alligator Law
Law: Politics is the only profession in the world that telling the Truth is against the Law.
What does "overpriced" mean?
Y'all know how commodity bubbles work, right? You buy "overpriced" things in the hopes that you can sell them when they become even more "overpriced" when other capitalists dump a lot of money that's going nowhere into your market. As long as more and more money has less and less of a place to go, the game can continue. So the commodities are "overpriced" -- how is that supposed to mean something?
The real crisis, of course, exists upon the level of use-value. Jason Moore's idea of "negative value" has meaning because negative use-value impacts the system. The attempt to expand the empire of commodities runs up against climate change, pollution, poverty, systemic breakdown, and other sources of "negative value." The Ponzi schemes are a mere symptom, and not a terribly important one, of the actual decline of civilization. Disaster capitalism (of Naomi Klein's famous naming) doesn't really change this pattern -- it merely refines the capitalists' methods of extraction by using the disasters as a lever for neoliberal social transformation, and it makes a profit even though the physical impacts of the disasters are themselves a net negative.
We are, in short, screwed, but not in this way.
The ruling classes need an extra party to make the rest of us feel as if we participate in democracy. That's what the Democrats are for. They make the US more durable than the Soviet Union was.
It's just too funny,
that those who largely supported her, have put our mortgages on him. What a country.
The fasten seatbelt light is on.
Some people say the government and big money are in collusion. Nope.
They're siamese twins hooked to a single heart, which if it ever existed, has turned black.
Regardless of the path in life I chose, I realize it's always forward, never straight.
heh. debt ceiling.
invest in popcorn stocks.
Cute!
But sick.
Regardless of the path in life I chose, I realize it's always forward, never straight.