> That the SEC allows any of this gives me zero confidence in the entire market.

It will be truly nasty for the next President. All of this shit is going to blow up hard, even worse than 2007 was. With any luck, it will blow up during Trump's final months, but in the truly worst case it will collapse during the early time of whoever the next President is, which means no matter who gets the job will get smoked in the 2030 midterms - in turn ending up like Obama who didn't have a majority of his own for six years (or, in the even worse case, end up like Biden who didn't survive the reelection against someone as unlikeable as Trump).

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parineum an hour ago | parent | next [-]

Obama didn't do much with his two years of majority anyway.

Plus, president's don't usually have more than two years of majority.

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lotsofpulp an hour ago | parent | next [-]

The Affordable Care Act is the biggest non tax cut legislation of the previous 30 years.

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computerdork an hour ago | parent | next [-]

And to add to this, for also properly dealing with the 2008 financial crisis. Just as a reminder to those out there, the strategy of recent administrations for crises like this was to cut federal spending in order reduce deficits, and many of the politicians at the time were calling for cutting spending. Obama listened to his economic advisors who told him to stimulate the economy and get money into the hands of the people. There were some rough edges to their stimulus spending but it seems to have worked and our recovery was the envy of most of the world. In recessions, stimulus seems to have now become the norm.

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runarberg an hour ago | parent | prev [-]

I would argue that the Affordable Care Act was nothing more then a common sense consumer protection legislation for a consumer market that should not exist in the first place.

The fact that it was this big and this hard to get and with this many compromises against consumer interest, speaks more of the disfunction of the USA government at the time then it does about the value of that legislation.

	▲	parasubvert 39 minutes ago \| parent \| next [-]
		This is a deep misunderstanding. Socialized healthcare has been a fight for almost 100 years. What you find "common sense" has been an intense, almost existential fight, up there with slavery, universal suffrage, civil rights, prohibition, and abortion. This fight not about the dysfunction of the USA government at the time, it's about a fight over the structure of the USA as it was founded. There have always been strong political forces trying to dismantle all "common sense" features of the welfare state, who have convinced the masses to vote against their own interests out of the American Dream of rugged individualism. This is in contrast to the unique decentralized communitarian history of America with community activism, charities, NGOs and nonprofits filling the social holes between the government and private enterprise. The current healthcare system evolved out of this, and gradually received more patchwork of private and government involvement (Medicare/medicaid, and the ACA) which why it's an expensive mess. Most European countries post WW2 had a chance to design something more efficient and didn't centralized insurance as a threat to liberty.
	▲	computerdork an hour ago \| parent \| prev [-]
		Maybe a bit of both sides in my opinion. It shows the dysfunction of the government and our healthcare system, but it was also practical and helpful to the those left out of the healthcare system.

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khriss an hour ago | parent | prev [-]

You mean other than Obamacare, Dodd Frank, GFC stimulus, Auto industry support, repeal of DADT?

Yeah, you're right. Much better to have Trump who just passed tax cuts for billionaires and corporations, imposed tariffs on Penguins and pardoned a bunch of people, some of whom he said he didn't even know.

	▲	soraminazuki 31 minutes ago \| parent [-]
		Surely there are options other than neoliberalism and MAGA? The world would've been very different with say, Bernie Sanders as president in 2016.

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neves an hour ago | parent | prev | next [-]

Don't worry, American tax payers will come to rescue the companies.

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kraken_cult an hour ago | parent | prev [-]

The cynic in me would say, "all according to plan", it will be right before the new house and senate are going to roll out universal healthcare or something equally good for the average person. Better to get head of it before that happens.