Obama the clinger.
Of course they do. The insurance companies aren’t going to be left hanging out in the wind. Those companies fought for that stream of taxpayer money after all. And darn it, the Senate GOP is going to make sure they keep getting it.
Obamacare was crony from the start and it likely will remain so. Now with the GOP’s blessing.
Sounds like a case of the “Detroits.” Actually many cases of the Detroits.
The government is too big in these states. There are too many state employees. These employees want unrealistic pensions. (What’s a pension?) They lived like there was no tomorrow for decades and now “tomorrow” is here.
And we ain’t – I repeat are not, will not, ain’t – a’gonna bail you out.
People seem confused by this rally. Really a rally on top of a Fed induced (to a very large extent) bull market extending back many years. How can this be, some wonder? Trump is bad news. How could the market tick up, solidly and definitively, in the wake of Trump’s election?
My feeling, and it is only this, and it is sure to contradicted by many a CNBC Squawk Box special guest, is that investors are just relieved that Obama is gone and that America dodged the Hillary bullet.
Most Americans have no real idea of the massive power vested (taken?) in the federal bureaucracy. Sure most people get that agencies enforce laws. But most don’t know that agencies do much more than that, and often create what amounts to law out of thin air via “rules” and “guidance.” Woe to to the business caught up in the bureaucratic net.
This is the “administrative state.” Part of the “deep state.”
“A drop dead sprint from the day he’s born straight into his maker’s arms.” – The Black Keys
Some think Obamacare was designed to implode so that it would create the impetus for socialized, taxpayer funded medicine. Some say that Obamacare is just a flat out disaster that was constructed horribly by people who thought they were smarter than they actually are. I think it’s a mix of both but more parts just plain old idiotic statism than any sort of conspiracy.
He was one of the crony “kings” until yesterday. Once the toast of the Obama White House, (he headed the “Jobs Council”) the shareholders of General Electric gave him the ole’ heave ho earlier than expected.
Of course Immelt leaves the scene an extremely wealthy man and much of this wealth comes courtesy of US taxpayers.
Monsanto is arguably the world’s most crony company.
As we’ve said here many times we have plenty of problems with Mr. Trump. But Trump’s critique of the old media, legacy media, whatever, is pretty spot on. The media helped Obama get elected, protected Obama during his presidency, (A pretty good case could have been made for Obama’s impeachment.) and went whole hog in for Hillary Clinton. Of course The New York Times and CNN are pissed. THEY LOST.
The interests of a relatively small group of very powerful people define the direction of our government. This has always been the case to a greater or lesser extent. As it is often said it is the rich and powerful (often the crony rich) who get us into wars. It is the poor and middle class who fight these wars and who die and are maimed. Very few of the rich know the shriek of an artillery shell.
Government doesn’t want you to go and git thinkin’. Leave that to the “experts.”