Wednesday, July 19, 2017

The Political Page, T+180 -- July 19, 2017

Making America Great Again: all three major indices (Dow 30, S&P 500, Nasdaq) closed at all-time record highs. 

Immigration. Trump wins again. Breaking news, 13 minutes ago --- The Supreme Court is granting the Trump administration’s request to more strictly enforce its ban on refugees, at least until a federal appeals court weighs in. 12:21 p.m. central time. 

Northwest Passage: I think we were promised a "northwest passage" by this time several years ago, and here it is, almost the middle of summer and still no northwest passage. Whatever. Pretty much frozen over.

Forecast: cold, brutal winter.

The ozone hole. Whatever happened to the ozone hole over the Arctic? LOL. It never existed.

Cutting one's nose off to spite one's face: the ObamaCare repair bill that the US Senate killed would have done two things: a) bailed out the insurance companies; and, b) bailed out the blue states who greatly expanded Medicaid. Blue states that greatly expanded Medicaid are in deep doo-doo. Two or three blue-state senators could have gotten a two-fer: a) the debacle would now be owned by Trump; and, b) their blue states would have gotten a huge cash infusion.  Medicaid is costing the federal government a lot of money, but it can always print more money. The states cannot print money to cover the increasing costs of Medicaid.
The three states most at risk due to expanding Medicaid: California, Illinois, and Connecticut. Source.

FWIW: I still maintain my Facebook account, but haven't posted anything in months. I no longer respond to Facebook's e-mail alerts, "have you seen so-and-so's comment...?"

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