Steny Hoyer

Stocks Slump As Putin Warns Korea Situation Is "Deteriorating"

Having been unable to stage any kind of recovery from yesterday's Trump Tax Plan disappointment, comments from Vladimir Putin that "the situation in Korea is deteriorating" urging all sides to "avoid belligerent rhetoric" along with remarks by Chuck Schumer over the short-term spending bill (to avoid government shutdown), has sparked a leg lower in US stocks...

Democrats Hammer "Tyrannical" Trump For "Monday Night Massacre"

“President Trump has commenced a course of conduct that is Nixonian in its design and execution and threatens the long-vaunted independence of the Justice Department," said John Conyers, senior Democratic on the House Judiciary Committee. "If dedicated government officials deem his directives to be unlawful and unconstitutional, he will simply fire them as if government is a reality show."

Nancy Pelosi Retains House Minority Leadership Position

After a long-fought battle between Nancy Pelosi (D-CA) and Tim Ryan (D-OH) for leader of the House minority party, as expected, Pelosi has emerged the victor.  Seems the Democrats learned very little from the 2016 Presidential election cycle.

Democrats Question "Loyalty To US" Of "Treasonous, Traitor" Trump

In a full court propaganda press, enabling by a liberal media that can read polling data as well as anyone else, the 'wild conspiracy theory' that Donald Trump coordinated with Putin to hack and expose DNC emails (that prove the level of rigging and collusion that is too much to bear for many democracy-seeking citizens) has now become confirmed fact... entirely lacking any actual facts. In a desperate bid to regain the narrative, as any convention bounce is erased for Hillary Clinton, her surrogates, as The Hill reports, have now stepped it up, calling Trump "treasonous" and a "traitor," questioning "his loyalty to America."

Meanwhile In The U.S. Congress: "Chaos And Shouting" After LGBT Measure Fails To Pass

The US economy must be truly fixed and all geopolitical conflicts resolved, because as the world enjoys its global utopia on a day when yet another airplane was taken down by terrorists according to the latest news, the US House of Representatives is busy dealing with stuff such as this: according to the Hill, "the house floor devolved into chaos and shouting on Thursday as a measure to ensure protections for members of the LGBT community narrowly failed to pass after Republican leaders urged their members to change their votes."

Congressman Hank Johnson Will Introduce Bill To Stop The Militarization Of Police

President Obama has once again proved his irrelevance and uselessness by failing to say anything meaningful on the disturbing events of the past week. In fact, he only decided to address it personally and publicly yesterday after being heavily criticized for issuing a press release about the party he attended in Martha’s Vineyard as civilians in Missouri clashed with a paramilitary police force. Despite Obama’s complete apathy, there are some Congressmen forcefully speaking out against the trend from “both sides” of the increasingly meaningless Republican and Democrat divide. The most noteworthy thus far appears to be Democrat Rep. Hank Johnson of Georgia’s 4th Congressional district. In fact, he has sent a Dear Colleague letter to fellow representatives of his intention to introduce the Stop Militarizing Law Enforcement Act in September when Congress returns from recess.

Guest Post: The Noble Lie Of Government Healthcare

“If you like your health care plan, you can keep your health care plan.”

These words, spoken by U.S. President Barack Obama in various forms and iterations, have become a running joke amidst the rollout of the Affordable Care Act. All across the country, hundreds of thousands of citizens are receiving cancellation notices in the mail. The stringent requirements for insurance plans under the new edict are curtailing many individual policies. A simpleton can grasp the economics: you prohibit something, it goes away. And yet, for years prior, the White House ignored the oncoming train and is now slowly inching away from the wreckage.

This was not the unforeseen consequence of good-intentioned legislation.

Stocks Surge As Algos Finally Catch Up With Six Hour Old News

Curious why algos suddenly are buying because other algos are buying because other algos are buying, pushing the S&P higher by 10 point in virtually no time? Simple. It appears at least one vacuum tube decided to scan the news archive, and fell upon the Politico story from 7 AM Eastern which said that the Republicans and Democrats had met in a secret meeting.