• Marc To Market
    12/20/2014 - 12:21
    When the dollar falls, we are told it is logical.  The empire is crashing and burning.  When the dollar rises, the markets, we are told are manipulated.    Well, the dollar is...

Obamacare

Tyler Durden's picture

2014 Year In Review (Part 1): The Final Throes Of A Geopolitical Game Of Tetris





Every year, David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. "I have not seen a year in which so many risks - some truly existential - piled up so quickly. Each risk has its own, often unknown, probability of morphing into a destructive force. It feels like we’re in the final throes of a geopolitical Game of Tetris as financial and political authorities race to place the pieces correctly. But the acceleration is palpable. The proximate trigger for pain and ultimately a collapse can be small, as anyone who’s ever stepped barefoot on a Lego knows..."

 
hedgeless_horseman's picture

ObamaCar: Automobile Insurance Subsidized Hope Act





"My name is Jasmine and I support President Obama's move to give affordable auto insurance for everyone."

 
Tyler Durden's picture

$1 Trillion In Global CapEx At "Unambiguous" Risk As A Result Of Crude Crash





Just like with the Mohammed Islam story, the religious belief by the cheerleading crew that the crashing price of oil is so "unambiguously, unquestionably, undisputably" good for the US is so taken for granted, that nobody actually checked the facts.So here is one such attempt by the FT, which writes that "almost $1 trillion of spending on future oil projects is at risk as a result of the plunge in crude to $60."

 
Tyler Durden's picture

Ron Paul: "All I Want For Christmas Is A (Real) Government Shutdown"





Those who voted for the omnibus to avoid a shutdown fail to grasp that the consequences of blindly expanding government are far worse than the consequences of a temporary government shutdown. A short or even long-term government shutdown is a small price to pay to avoid an economic calamity caused by Congress’ failure to reduce spending and debt.

 
Tyler Durden's picture

Frontrunning: December 15





  • Sydney Siege Sparks Muslim Call for Calm Amid Backlash Fear (BBG)
  • Oil Spilling Over Into Central Bank Policy as Fed Enters Fray (BBG)
  • Biggest LBO of 2014: BC Partners to acquire PetSmart for $8.7 billion (Reuters)
  • Tremble algos: the SEC has hired... "QUANTS" (WSJ)
  • When the bubble just isn't bubbly enough: There’s $1.7 Trillion Locked Out of China’s Stock Rally (BBG)
  • Oil price slide roils emerging markets, yen rises (Reuters) - may want to hit F5 on that
  • Libya Imposes Force Majeure on 2 Oil Ports After Clashes (BBG) ... and will resume production in days
  • Amid Crisis, Pimco Steadies Itself (WSJ)
 
Tyler Durden's picture

A Modest Proposal To Fix Obamacare: "Change The Name"





Slowly but surely, Obamacare has transformed from the most admired law of the land to the most loathed and despised. What is truly outrageous, or perhaps hilarious, is that this transformation has not been lost on the Obama administration itself. And now, engaged in unprecedented damage control, the former Health and Human Services Secretary, Kathleen Sebelius, on Wednesday suggested a simple fix to the “bad brand” of Obamacare: change the name. As Politico reports, “I think we may need to call it something in the future different"...

 
Tyler Durden's picture

Should You Believe What They Tell You? Or What You See?





Sometimes I wish I could just passively accept what my government monarchs and their mainstream media mouthpieces feed me on a daily basis. Why do I have to question everything I’m told? Life would be much simpler and I could concentrate on more important things like the size of Kim Kardashian’s ass... The willfully ignorant masses, dumbed down by government education, lured into obesity by corporate toxic packaged sludge disguised as food products, manipulated, controlled and molded by an unseen governing class of rich men, and kept docile through never ending corporate media propaganda, are nothing but pawns to the arrogant sociopathic pricks pulling the wires in this corporate fascist empire of debt.

 
Tyler Durden's picture

All Senate Republican Staffers To Sign Up For Obamacare





One of the unspoken complaints about Obamacare (in addition to it soaking up all and then some of the $380/year in low gas price "savings" as a result of the oil plunge) is that if it was so good for the general population, then why are most Congressional staffers exempt from its provisions? That is about to change after Senate Republican staffers will be required to obtain health insurance through ObamaCare's exchanges under a rule passed Wednesday by the GOP Conference. "Washington should have to live under ObamaCare just like everybody else until we repeal it. And we won't be complicit in Obama's illegal rule designed to protect Washington insiders."

 
Tyler Durden's picture

This Is What Americans Will Spend Their Whopping $380 In "Low Gas Price Savings" On





Because you can always bet on the "stupidity of the American voter" and win.

 
Tyler Durden's picture

Obamacare Architect Gruber Testifies Before "Stupid America" - Live Webcast





Today at 9:30am Eastern, the two key people behind Obamacare will testify under oath before the House Committee on Oversight and Government Reform. One of them is Marilyn Tavenner, the CMS Administrator and the person who was tasked with managing the implementation of Obamacare: a process that was a complete disaster as those who tried to sign up on the healthcare.gov website in late 2013 will recall (and whose overhaul cost over $2 billion).  On the other hand, Jonathan Gruber has recently gained notoriety after a series of videos with him were leaked, in which he bragged that deception and “the stupidity of the American voter” allowed Obama to ram his pet healthcare program into law.

 
Tyler Durden's picture

17 States Sue Obama Over "Unconstitutional" Executive Action On Immigration





A year ago, following the whole Supreme Court farce, a bevy of states proved there are more than just "idiot voters" left in the US, when they decided to sue Obamacare outright over one or more of its provisions. They were promptly shut down by a judicial system that is as corrupt as the government itself (needless to say, both working at the behest of their true financial puppetmaster: Wall Street). And yet, in the aftermath of the now epic fiasco that is Obamacare, and not to mention the violent reaction to the administration as demonstrated in the midterm elections, the president may have a tougher time to brush away the next round of adverse reactions against his latest hugely unpopular executive order, one involving the amnesty of over 5 million illegal immigrants. According to AP, Texas is leading a 17-state coalition in suing over the Obama administration's recently announced executive actions on immigration.

 
Tyler Durden's picture

Crushing The "Lower Gas Price = More Spending" Fiction





With uncertainty lingering and patience wearing thin after five-plus years of still lackluster wage growth, consumers are increasing saving for the future, hedging against a continuation of “more of the same.” Thus, for many, extra savings at the pump as a result of lower gas prices are simply being stored away to help supplement spending needs in the future, ramping up savings, not spending.

 
Tyler Durden's picture

Martin Armstrong Asks "Is It Time To Turn Off The Lights?" On America





"These idiots cannot grasp that this is reversing the US economy into isolationism and is paving the road for China to take the lead. It is time to turn off the lights."

 
Tyler Durden's picture

"We Blew It," Chuck Schumer Says Democrat Focus On Obamacare Was Wrong





With friends like this, who needs Republicans. President Obama may be turning over in his golf cart this Thanksgiving weekend as no lessor Democrat than Chuck "get back to work, Mr. Chairman" Schumer said Tuesday night that Democrats acted wrongly in using their new mandate after the 2008 election to focus on the issue rather than the economy at the height of a terrible recession. As National Journal reports, Schumer exclaimed, we "blew the opportunity the American people gave [us]." Little late to distance yourself from this cluster-tax chucky boy...

 
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