Locator: 49224INV.
Obamacare subsidies: what was the original purpose of the Obamacare subsidies?
- GOP simply wants a clean bill: go back to the original Obamacare program -- that's how I see it; simply end the subsidies that were added in 2021 during the flood of immigration into the US.
- AI: a little obfuscation here
- the initial subsidies under the Affordable Care Act (ACA) became available in 2014, when the health insurance marketplaces officially launched (this was was the original act). The enhanced, temporary, subsidies were later added in 2021 by the Amerian Rescue Plan Act (ARPA) -- direct quote from AI Overview
- under President Biden in what three years did illegal immigration peak?
- during the Biden administration, Customs and Border Protection (CBP) data shows that the fiscal years with the highest number of border encounters were 2023, 2022, and 2021, in that order
- let's see: subsidies included "immigrants" -- that "rescue plan" was passed in 2021; the flood of illegal immigrants rose in 2021 and then again in 2022 and than again in 2023
- some see cause and effect -- US BIG HEALTH desperately needed these subsidies
- wow: chatbots make this easy -- at least as a start
- who needs these subsidies? US BIG HEALTH -- one wonder which offices in Washington, DC, that US BIG HEALTH lobbyists are visiting?
- AI prompt: does schumer get any money from US Big Health lobbyists?
- AI reply: yes -- verbatim -- "campaign finance records show that Senator Chuck Schumer has received money from lobbyists and political action committees (PACs) associated with the U.S. health care and pharmaceutical industries."
Market continues to fall:
- traders make money on volatility; not the market going up every day;
- economy doing better than expected --> no reason for Fed to cut rates;
- converse: unemployment rate (U-3) actually increases slightly;
- government shut down --> mass firings --> a new wrinkle;
- another possibility: if courts won't allow mass firings, then back-pay won't be paid;
- not mentioned so far:
- September is always a tough month;
- 3Q25 is coming to an end;
- mutual funds close their books about two months after end of 3Q25;
- Cramer: rate cut failed; borrowing costs for consumers actually increasing;
- are banks making out like bandits
- overnight borrowing costs were cut;
- banks charging higher interest rates?
Starbucks: to reorganize
- close stores, cut jobs
EVs: the day the music died -- link here --
