America can no longer afford to waste trillions of dollars on a militaristic foreign policy. Donald Trump should follow-up his attacks on wasteful military spending by dramatically changing our foreign policy and working to cut the Pentagon's bloated budget. If the new administration and Congress increase spending, they will need the Federal Reserve to monetize the growing debt, but Fed action can only delay the inevitable day of reckoning.
The healthcare system has been broken to the point that physicians now have a greater incentive to fire their Medicare patients than to treat them. One Florida-based physician summed up the situation like this: “I have decided to opt-out of Medicare, acknowledging that I can no longer play a game that is rigged against me; one that I can never win because of constantly changing rules, and one where the stakes include fines and even potential jail time.”
"We’re going to have insurance for everybody. There was a philosophy in some circles that if you can’t pay for it, you don’t get it. That’s not going to happen with us. It’ll be another plan. But they’ll be beautifully covered.
"Stocks have surged by 6% since the election on the prospect of higher earnings under potential Trump policies, but consensus bottom-up 2017 EPS forecasts for S&P 500 have been unchanged" - Goldman Sachs
Given that the role of reporters now appears to be just unquestioningly barfing out whatever anyone throws at them, we thought we would expose (and debunk) the top 10 myths about president-elect Donald Trump...
Obamacare was a failed experiment. Sharply increasing costs make it unaffordable for millions, leaving them woefully underinsured or for many without coverage because it’s too expensive to buy. Obamacare was designed for profit-making, not putting patient needs first. Replacing it with universal coverage is vitally needed - excluding middlemen insurers increasing costs while providing no care. That’s not what Trump and congressional Republicans have in mind.
"First of all, you already see the Trump effect. You see that manufacturing jobs are already coming back to the U.S., or staying here. Plans to build factories in Mexico, to ship jobs over the border there, take them away from hardworking Americans have stopped. That's the Trump effect. You see that the stock market loves that fact that he was elected."
"The driver for the acceleration of ‘reversal trades’ yesterday into the overnight was the Barnum-esque circus of a press conference yesterday from President-elect Trump. Expectations were built for a more “Presidential” tone, with more granular ‘policy talk.' We got a “goat rodeo” instead, and it spooked a lot of the TACTICALLY long reflation crowd."
Early on Thursday morning, in a 51-48 vote, the Senate took the first concrete step toward dismantling Obamacare, when it voted to instruct key committees to draft legislation repealing Barack Obama's signature health insurance program.
"The news conference was a far cry from the market friendly, pro-growth "presidential" comments that Trump delivered at his acceptance speech," wrote analysts at Westpac, adding it left a "veritable laundry list" of questions unanswered.