Obamacare

Frontrunning: October 19

  • Rajoy Deploys Ultimate Weapon of Law on Catalonia (BBG)
  • Congress Rolls Toward Shutdown Fight Over Immigration, Obamacare (BBG)
  • Hong Kong Stocks Tumble Most This Year as Geely, Developers Sink (BBG)
  • Inside battle imperils $230 million cryptocurrency deal (Reuters)
  • From Damascus, Iran vows to confront Israel (Reuters)

Dow Futures Over 23,000: Dollar, Global Stocks Jump As China Congress Begins

World stocks stayed near peaks and currencies moved in tight ranges on Wednesday as China’s 19th Communist Party Congress opened while focus in Europe turned to speeches from top euro zone central bankers before next week’s key policy meeting, as well as Catalonia's ultimatum due on Thursday.

How Obamacare Fuels The Obesity Epidemic

Obamacare has socialized the cost of obesity by refusing to allow insurers to give incentives to customers to remain healthy, and to price customers according to their health risks.

Senators Reach Bipartisan Deal To Keep Obamacare Subsidies, Send Healthcare Stocks Soaring

It appears that President Trump's action last week has scared lawmakers, as taking the subsidy 'punchbowl' away from healthcare providers has been suddenly met with a bipartisan deal that Republican Senator Alexander says would maintain Obamacare safeguards for two years. Healthcare stocks are soaring back from the recent weakness to new record highs...

Should The Middle Class Pay More For A Loaf Of Bread Than The Poor?

"The Iowa plan may capture millennials, but because of the screw job on the wealthy, those making over 400% of the poverty rate will drop out... Effectively the state said if you can afford to pay more you must pay more. Imagine grocery stores charging $15 for a loaf of bread if you make $48,241 but only 48 cents if you make up to $18,090... The idea is preposterous."

Chris Hedges: Elites "Have No Credibility Left"

"...commercial broadcast networks, like CNN and MSNBC, are not in the business of journalism. They hardly do any. Their celebrity correspondents are courtiers to the elite...They sacrifice journalism and truth for ratings and profit... they've embraced identity politics. We saw where that got us with Barack Obama, which is worse than nowhere..."

Trump And McConnell Make A "Truce Of Necessity" To Save Tax Reform

Inbetween firing off tweets and defending his decision to end cost-sharing payments to insurance companies, sending healthcare stocks sliding and eliciting accusations of sabotage, president Trump reportedly swallowed his pride and did something he’s been loath to do for months: he called Mitch McConnell.

Trump And Bannon Make Up: Breitbart Chief Slams Vanity Fair, Predicts Huge Victory For Trump In 2020

"The populist, nationalist, conservative revolt that's going on, that drove Donald Trump to victory, that drove Judge [Roy] Moore to victory, that will drive 15 candidates to victory in 2018, and I hate to break it Graydon Carter and the good folks at Vanity Fair, but yes, President Trump is not only going to finish this term, he's going to win with 400 electoral votes in 2020."