Trump Presidency and the Consequences

This is a discussion on Trump Presidency and the Consequences within the The Foyer forums, part of the Off the Grid category; U.S. judge finds that Aetna misled the public about its reasons for quitting Obamacare Aetna claimed this summer that it ...

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Old Jan 23, 2017, 9:59pm   #17
 
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U.S. judge finds that Aetna misled the public about its reasons for quitting Obamacare

Aetna claimed this summer that it was pulling out of all but four of the 15 states where it was providing Obamacare individual insurance because of a business decision — it was simply losing too much money on the Obamacare exchanges.

Now a federal judge has ruled that that was a rank falsehood. In fact, says Judge John D. Bates, Aetna made its decision at least partially in response to a federal antitrust lawsuit blocking its proposed $37-billion merger with Humana. Aetna threatened federal officials with the pullout before the lawsuit was filed, and followed through on its threat once it was filed. Bates made the observations in the course of a ruling he issued Monday blocking the merger.
. . .

. . . The judge’s conclusions about Aetna’s real reasons for pulling out of Obamacare — as opposed to the rationalization the company made in public — are crucial for the debate over the fate of the Affordable Care Act. That’s because the company’s withdrawal has been exploited by Republicans to justify repealing the act.
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Old Jan 24, 2017, 12:06pm   #18
 
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Re NAFTA:

Kansas City Southern’s stock topped out at about $100 last August, and stood at about $93 on Election Day. It fell to $80 earlier this month—a 14 percent decline from Nov. 8—and now sits at $85.50. It has lost about $800 million in market value.

It’s doubtful this was the outcome Kansas City Southern’s executives were expecting. Clearly, this red-state business—it’s based in Kansas City, Missouri, and its U.S. operation is entirely in other red states—had been set up for a set of policy arrangements that the Republican Party had generally backed. It’s no surprise that in the 2016 election cycle, Kansas City Southern’s PAC sent 86 percent of its donations to Republican candidates. Now it’s found that the presidential candidate of the party it backed seems intent on blowing up its business model, and that Congressional GOP leaders don’t seem to want to get ahead of the speeding Trump train. (more)
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Old Jan 24, 2017, 1:12pm   #19
 
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Interesting article in "The Australian" re renegotiating the TPP to replace the US with China, Indonesia, Canada, and Mexico, which would to a large extent isolate the US.

What a boon to the American worker/Trump voter.

Malcolm Turnbull opens door to China to join TPP after Donald Trump pulls out
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Old Jan 24, 2017, 1:24pm   #20
 
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And from China:

China Says It Will Lead the World Economy If Western Nations Stand Down
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Old Jan 24, 2017, 1:34pm   #21
 
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fwiw - imho, DT risks losing the dollar standard if it continues with trillions of tax cuts and as he has mentioned once before writing off all US debt.

Same with green eco policies, which China is leading with some very ambitious targets.
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Old Jan 24, 2017, 1:43pm   #22
 
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Of Course The CIA Gave Trump Standing Ovations. He Never Let Them Sit.

President Trump is bragging about his standing ovations, but he never asked CIA employees to take their seats.
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Old Jan 24, 2017, 4:10pm   #23
 
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I see he is talking to the top executives of the car making companies and claiming to be an environmentalist !
He is in full support of the coal and oil industries so that is another lie. Denying climate change doesn't help either.
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Old Jan 24, 2017, 4:16pm   #24
 
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I see he is talking to the top executives of the car making companies and claiming to be an environmentalist !
He is in full support of the coal and oil industries so that is another lie. Denying climate change doesn't help either.
A comment from a Chinese trade expert that Trump is "wayward". I thought that was particularly diplomatic.
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