Trump’s Unhinged Health Care Remarks – Annotated

Health care is moving along. That was a subsidy to the insurance companies and a gift that was what they gave the insurance companies. Take a look at where their stock was when Obamacare was originally approved and what it is today. You will see numbers that if you invested in the stocks, you would be extremely happy. They have given them a total gift. They have given them — you can almost call it a pay off. It’s a disgrace. That money goes to the insurance companies. We want to take care of poor people and people that need help with health care. I’m never going to get campaign contributions from the insurance companies, but take a look at how much money has been spent by the Democrats and by the health companies on politicians generally, but take a look at the coffers of the Democrats.
This is lies and incoherent nonsense, wrapped in gibberish. It is tempting to go into some details about how the subsidies were central to the Heritage Foundation's plan to keep insurance companies whole, but what would be the point? Trump says the subsidies were an example of shady deal making by the Dems. Like the total fiction that Iran was "given" billions by Obama. The truth simply doesn't matter to Trump or his 35% lunatic brigade. Although one would hope that out and out lies would matter to the "media" ...hope springs eternal.

Open Thread For October 16, 2017

How Big Pharma Rolled Congress On Opioid Epidemic. Brilliant reporting, depressing reading. Oh, and the legislator who pushed the bill? He's Trump's drug czar nominee. Austria Elects 31-Year-Old Right Winger…

I simply don’t get why ‘Morning Joe’ Loves Coons

Coons appears regularly on 'Morning Joe' and I just don't get why.  All he ever does is restate  whatever conventional wisdom the panel has already gathered around.  He puts on the aires of someone getting ready to say something important, which always gets me to lean in, and listen up. ... then nothing.   It is weird.  Consistent and weird.
Why aren’t markets tanking?

Why aren’t markets tanking?

I'm seriously asking. Why isn't the DJIA in the toilet right now? I've always heard that markets value stability and predictably above all. That bit of CW seems to have gone by the wayside. What the fuck are investors thinking?