iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts

Incompetent Republicans Fail to Agree on Healthcare Bill, Dow Suffers

The problem with politicians, generally speaking, is that they’re not very smart people. Anyone worth anything to society doesn’t go into politics, a craven destination for power hungry mongrels. They go into the private sector and become a business success.

The republicans had eight years to prepare for a new healthcare bill, always bluffing to repeal Obamacare because they knew Obama would never actually allow them to get away with it. Now that the failed GOP have all three branches of power, they’re doing what they do best: fail.

According to sources, the White House gave the Freedom Caucus a final offer — before publicly ameliorating them and casting them out into the cold winds to bruise and perish.

“It’s really in the hands of the members to accept or reject the White House’s offer,” the North Carolina Republican said.

I haven’t the slightest idea if Trumpcare will be better or worse than Obamacare. It should not surprise you when I say that I pay cash for my healthcare, via concierge service, and have zero faith in government to get this right. It is, indelibly, broken and I keep telling myself that the only way to outpace the insane rate of inflation in healthcare is by outpacing it with gains in personal earnings.

Stupidly, the market viewed this as an assault on Trump’s pro growth agenda and sold off as a consequence.

Like I said earlier, we might flounder for a few days; but rest assured, we’ll break out soon enough.

Top and only pick: $WLK

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40 comments

  1. ginfizzbear

    I endorse this blog post

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  2. jtizzle

    Incompetence everywhere in our government. Such a joke. Unfortunately we are the ones that pay for it. People need to wake up and start voting these asshats from both parties out of office by the masses.

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  3. sarcrilege

    ding, ding, ding
    “The problem with politicians, generally speaking, is that they’re not very smart people. ”

    All the dissenters were observed snacking on pizza by the CIA. ping-pong.

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  4. Quality Control Inferno
    Quality Control Inferno

    The Republicrat party reigns supreme. Idiocy coming out of both ends in Washington. The idea of a Trump-like character changing this was always a great idea, however implementation has proven to be harder in real-life than it is to simply campaign on. The real problem isn’t with the Freedom Caucus, it lies with the Republican establishment of Ryan, McConnell, McCain and Linda Graham. We know where the Freedom Caucus stands, whereas the establishment is all talk, no action. The establishment crafted a bill that is just as unworkable as Obamacare and attempts to split the baby, rather than just scrapping the idea of government subsidized healthcare and starting over.

    At the end of the day pulling the bill and having real negotiations will give us a better result, at least that’s the idea. It’s up to Ryan bring the whole party to the table. If he can’t, then he just proves himself to be an ineffectual blowhard.

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    • ferd

      Stop requiring hospitals to treat people who cannot pay. Fuck the oath. Let people die.

      If we don’t have the will for the above, we should go to Medi-something for all; except with patients required to approve itemized bills and pay 15% of the full amount billed. Only if patients get some skin in the game will cost controls happen. Middleman insurance companies and HR departments will have to train for new jobs. Stiff penalties for fraud and a funded health savings account out of which the indigent pay their 15%. Side benefit is that it levels the playing field with European companies that don’t have to pay employees bloated healthcare directly.

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      • Quality Control Inferno
        Quality Control Inferno

        It’s nice to see someone else has a blacker heart than I. Cheers!

        Seriously, I thought there were some good ideas in your post. I generally think going to a system where the customer just pays cash for services, at least on some level, will lower costs. Why? Because doctors don’t have to play the billing game where they have to bill some stupid amount so they can actually get what they want. You tell a doctor you’ll pay cash, but want to negotiate a better price, I think they’d be a lot happier with that kind of a system. Sadly, the average American doesn’t have $500 in the bank though.

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  5. ironturd

    The market just doesn’t understand the 9D chess that Trump is playing sometimes I guess, bc muh facts, empty promises and “who knew healthcare was so complicated?”

    http://www.newsweek.com/pizzagate-trump-russia-clinton-podesta-comet-ping-pong-pedophiles-david-seaman-572578

    Can you WLK me thru the #pizzagate reality again bc it looks like the FBI has a different opinion than intern-in-chief zeropointofexistence

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    • longview

      Hee hee.

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    • dopefeller

      LOL

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    • Dr. Fly

      So you don’t believe there is a child pedo trafficking problem amongst the elite, globally? Do a cursory Google search to get educated you Trollop.

      Google the heir to the DuPont fortune and how he ADMITTED to raping his 3 yr old daughter and never served a day in prison because the judge said he wouldn’t do well in jail. That’s an actual quote.

      It’s disgusting that you people make child endangerment a political issue.

      The day of the rope is coming and you’re all gonna swing.

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      • longview

        With due respect, isn’t that a strawman argument? Personally I think child pornography, trafficking or abuse are among the most reprehensible crimes there are. Not big on capital punishment, but if there are to be capital crimes they’d be first on my list.

        And I believe it goes on…way…too…much.

        But the whole Pizzagate thing? Tissue think conspiracy nonsense, as far as I can tell and I’ve given it more attention than it deserved.

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    • zeropointnow

      Turd,

      All of the #Pizza shit would be moot if those involved would simply answer for the strange dots people keep connecting. Every time they attack the messengers, as you do, and as that article does – it fuels the debate.

      So simple stuff, like:

      – Why do you have instagram photos tagged with pedo-specific terms such as “ChickenLover”?

      – What is a “HoTard” and is it anything other than a retarded whore? If not, why did you jokingly refer to as a toddler as a retarded whore?

      etc. etc.

      Turd, the DHS put out an entire PSA video about human trafficking which begins with the word “PIZZA” behind a girl’s head. https://twitter.com/ZeroPointNow/status/828056149526089728

      So clearly there’s something going on, or the Dept. of Homeland Security is full of shit.

      Incidentally, there have been a record number of human trafficking arrests since the inauguration – but go ahead and keep attacking the messenger instead of discussing the content. In fact, since you’re so sure there’s nothing going on – why don’t you tell me what a HoTard is? Tell me how all of those pedo symbols RELEASED BY THE FBI aren’t pedo symbols.

      In fact, since you’re so adamant about defending suspected pedos instead of, you know, looking into it – let’s play Walking Pedo edition:

      How many adults have you fucked?

      How many kids have you fucked?

      Why?

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    • sarcrilege

      Pedophile Media in Full Damage-Control Mode:
      https://tinyurl.com/k3rvbh2

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  6. Dr. Fly

    I read the Newsweek rag you linked. Are you so dense to not see the red flag over a small pizza shop invoking all this emotion from the left? David Seaman, really? Who cares what he’s up to. Why are they so interested?

    There is fire behind the smoke. Comet ping pong is a distraction from actual happenings. If you do not believe it, in spite of all the evidence and news reports saying that it does, you’re an inscrutable person and also naive.

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    • Quality Control Inferno
      Quality Control Inferno

      John Podesta and his brother match the description of suspects for that missing girl in the UK to a tee. The composite sketch the police made is like looking at a photograph of John Podesta. Yet he continues to frolic freely amongst fellow spirit cookers. Truly sickening. I forget the child’s name, but it was a famous case a few years back. Girl was never found.

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  7. Dr. Fly

    Here you go.

    http://www.nydailynews.com/news/crime/woman-sues-ex-husband-du-pont-heir-dodged-prison-raping-3-year-old-daughter-article-1.1740180

    House Dupont, the suppliers of gunpowder to America for all of its wars, since the revolution. A company that literally owns a patent for the color white and were founding members of the Order of the Cinncinatus, the oldest and most exclusive of all the secret societies this country has.

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    • reversion

      So because one sicko gloabal elite did his means Hillary was selling kids??? Right

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      • zeropointnow

        Nobody has said Hillary is selling kids. That’s literally never been part of the argument.

        1) People were posting pictures of children on Instagram associated with Alefantis that were tagged with words only pedos use.

        2) There were unexplained references to food in the Wikileaks.

        3) Alefantis and several Clinton associates – plus Hillary, were all into SpiritCooking with Marina Abramovic, which is fucking weird.

        4) As for global elite pedo rings, are you unaware of the entire Jimmy Savile case? Or the fact that the CEO of the NYT was a former BBC exec who was caught covering it up?

        All anyone’s ever asked for are simple explanations. The “Hillary selling kids” meme is an attempt to re-frame the above bullet points as an absurdity, instead of answering the simple questions people have.

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        • sarcrilege

          The numbers are actually unbelievable:
          According to the FBI, in 2016 there were 465,676 NCIC entries for missing children. Similarly, in 2015, the total number of missing children entries into NCIC was 460,699.
          I wonder how many of the missing were victims of occult murders: https://tinyurl.com/lquawcc

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      • Dr. Fly

        Who said anything about Hillary? Why do all road lead to your two time failed Presidential candidate? It is not just one person. IT IS SYSTEMIC.

        Denny Hastert

        The Royal Crown

        Penn State

        That monster in Britain

        etc

        The list is endless.

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  8. dmfracer

    Because I’m a nimble and expert navigator of market shenanigans I have avoided personal financial pain and await my opportunity to winter again tomorrow or next week or next month

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  9. dmfracer

    To win not winter although more winship will inevitably result in permant wintering in the south of France (extra gay)

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  10. anjingbauwau

    Stupidly, the market viewed this as an assault on Trump’s pro growth agenda and sold off as a consequence….or presciently realize that if he can’t get repeal and replace done- after all he is known as a deal-maker- then what hope is there for the tax reform and infrastructure spending bills to make it through.

    I think the Trump rally will be retraced- in some sectors 100%in others maybe 62% fib level. Once this mild pullback completes its new highs IMO. Global capital inflows are washing into the American markets.

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    • Dr. Fly

      Everything retraces, eventually (cue Zerohedge mantra).

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      • anjingbauwau

        ZeroEdge…Along time ago they were cutting edge…now they are ZeroEdge…my point Mr. Allinononestock is that the presumptions made by the market post election are being rethought – thus a pullback. I have made my point that I believe higher prices are in the offing but I welcome a retracement.

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  11. dopefeller

    The dealmaker was busy playing with trucks while the ACHA was burning.

    Republicans had 7 years to come up with a replacement plan. This is what we get?
    Eliminating maternity, newborn and pediatric care? What next, pre-existing conditions?

    Does anyone know how much it costs if you had a preemie baby? Fucking 300K at minimum.

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    • dopefeller

      300K – That is before you step out of the hospital. Now add all the pediatric care costs that will not be covered because being born a preemie will be considered a pre-existing condition.

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    • ferd

      “Eliminating maternity, newborn and pediatric care?”

      How ’bout birth control? …or keep your legs together until you can afford a baby …and maybe get to know the father …and maybe legally obligate the rutting male through marriage.

      Nannystaters. Yeesh.

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  12. fryguy15

    Fly – thanks for introducing me to Philip Glass. Just listened to the trilogy sonata again. Awesome music. Also, fuck politics.

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  13. joshua

    That bill is fucking embarrassing, just as bad as Obamacare. good for them for sticking up…. but of course they’re liking standing up for the wrong reasons, and the pos ends up passing anyway. Scrap the entire thing and go back to the Wild West. Whatever at this point. People think he’s playing 28d chess, but really we’re all playing battleship with retards.

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  14. bennyhill

    “Anyone worth anything to society doesn’t go into politics, a craven destination for power hungry mongrels. They go into the private sector and become a business success.”

    Ummm or they do something that makes the world better instead of just lining their greedy coffers.

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