“Stocks tumbled at the open Monday, as increasing worries over a government shutdown at the end of the day weighed on global markets,” JeeYeon Park reports for CNBC. “The Dow Jones Industrial Average declined sharply at the open. All 30 Dow components were lower, dragged by Goldman Sachs and Nike. The S&P 500 and the Nasdaq also opened lower. Most key S&P sectors were in the red, dragged by financials and energy.”
“The country is facing its first government shutdown in 17 years, with only a few hours left for the House to pass a stand-alone spending bill which will fund the government through to December 15. Budget spending must be agreed by Congress before Tuesday, to prevent a shutdown which could force federal employees to take unpaid leave,” Park reports. “Many government employees will be furloughed by the absence of a deal, and if the shutdown takes place the Labor Department will postpone issuing its closely-watched monthly employment report scheduled for Friday.”
Park reports, “Apple CEO Tim Cook is expected to meet with billionaire investor Carl Icahn, presumably to talk about the tech giant’s future stock buyback plans. Separately, Interbrand’s annual Global Brands report ranked Apple as the most valuable for the first time, displacing perennial number one Coca-Cola.”
Read more in the full article here.
Spiteful, selfish, dangerous, shameful moron republikkkans.
Spiteful, selfish, dangerous, shameful moronic democrats who refuse to negotiate: their way or the high way.
Its the law of the land moron.
Our prisedent ran on tha pronse and got voted in to a second term, decisively because of it.
Republikkans have tried to repeal it something like 37 times and failed miserably.
The Supreme Court upheld the law.
Etc…
Polls show half the people don’t want it.
Half of the legislative branch doesn’t want It.
Congress doesn’t want it at all (to affect themselves)
So because the president and the senate are in favor of subjecting the people to it, we can discard everyone else ?
The BIG republican lie.
True.
Gallup: Only 41% approve of ObamaCare. 49% disapprove.
http://www.gallup.com/poll/164078/americans-wary-not-familiar-health-law.aspx
Re : First 2008,2010,2012 Then 2010,2012,2014,2016…
“Gallup: Only 41% approve of ObamaCare. 49% disapprove.”
1- Gallup is well known to have a Republican bias- they predicted Dewey would defeat Truman in 1948. They also had Willard “Mitt” RawMoney doing quite well until he got his ass whipped. The RepubliTards thought 2012 was in the bag.
http://www.nationaljournal.com/politics/gallup-blew-its-presidential-polls-but-why-20121118
2- When voters are asked issue by issue regarding the ACA “ObamaCare” without the label, they are overwhelmingly for the reforms.
Biggest poll was the last election.
After the shutdown you’ll really eat crow, but nothing like the in th poll that will wipe congress clean of obstruction and it’s perpetuator:
The selfish mean ignorant, inbred Republikkkan party.
While I agree 100% with you on this, PLEASE stop using my screen name. It is bad enough somebody is using “the Truth” as their username, now I have you masquerading as me.
I do take comfort in the fact that the Truth, as always, has a liberal bias!!
Time to Register
Why register? It’s fun to see half a dozen people masquerading as me.
Perhaps, Mike, you are one of those irritating people masquerading as others? You think it is “fun” after all…
MDN, yet another reason to require registration.
I wonder how many Americans still want to keep segregation in effect? It’s the job of a responsible government to not do what the ignorant masses want, but what’s right for everyone. The USA continues to be the land of the selfish and ignorant.
“Polls show half the people don’t want it.”
Half of Amurrikins don not wash their hands after scratching their ass and probably even when eating chips and dip.
The ACA is the law, was passed by both houses of Congress & has been upheld by a Supreme Court with 5 Republicans on it. It is not my first choice of how to handle health reform, but the Republicans have not offered anything other than repeal of the ACA. The ACA was passed as the existing system is unsustainable- otherwise Republicans are just being obstructionists pandering to an uneducated populace sewing fear for political advantage.
The ACA is a done deal. Get over it and deal with it.
Hijacking a national economy is exactly analogous to chopping off one’s hand because he doesn’t like the condition of his fingernails. Or perhaps to be proportionally accurate to the fiscal impact, Republicans might actually be threatening to take off the entire arm.
The House is a sham. Given all the fiscal problems that need solving, the entire session was spent bickering about the AHCA and attempts to undermine it squandered valuable time that could have accomplished much more significant things.
If one believes in the “checks and balances” system, then one should realize that we don’t govern the nation by public polls. The executive and judiciary and half of the legislature have already approved the flawed ACHA, which could be reformed with additional legistlation if the republicans would bother proposing a better plan. They don’t. They have done everything possible to halt all legislative progress on ANY issue in order to undermine ONE bill that could easily be improved with minor tinkering.
Both parties are immature, but at this time, out of power, it is the republicans who act like loudmouthed children attempting to halt all learning at the school because they don’t want to understand the subject that the adults in the room are attempting to teach. On medical and fiscal and constitutionality grounds, they have no reason to undermine a workable, though certainly far from perfect, bill.
This in no way is intended to defend the democrats, who are equally corrupt and never should have allowed the insurance industry to dominate the ACHA development. But the point is. legislators need to COMPROMISE or COLLABORATE, and further reform the bills, not blockade all progress by tying unrelated items to spending authorization. Why couldn’t the republicans have trimmed spending in other wasteful areas instead of concerning themselves only with the changeover costs for healthcare?
If and when Congress blocks funding, Obama should stick to his guns. He can selectively cut or furlough functions that minimize economic impact. For a few weeks, the public wouldn’t even notice the shutoff of corporate welfare, end to licensing for resource extraction on national lands, immediate closure of leftover WW2 military bases scattered around the globe, or the implementation of 3-day per week postal delivery, etc. Such actions can free up the cash necessary to maintain the critical operations that the fed actually does perform, while continuing to implement the ACHA which really isn’t a very big expense in itself.
Greedy government contractors will have to dip into their overseas cash hordes in order to stay afloat, and the corporate lapdog republicans AND democrats who couldn’t fiscally manage their way out of a wet paper bag will suddenly find their brinksmanship plan foiled, and their lobbyist kickbacks halted. This could be a long overdue wake-up call for all the idiots who were elected to congress because they claimed to care about government fiscal health, but who have done nothing but wacked-out ideological obstructionism since arriving in D.C.
Obamacare is going down one way or the other. It will either go down through legal means or by the weight of its own stupidity. It is a horrible piece of legislation that was barely just rammed through with back room political deals.
The Jihadist-in-Chief said prior to his dubious election that the process its authorship would be open for all to see: HE LIED!
The Anti-American-in-Chief said you would be able to keep your current insurer: HE LIED!
The Black Liberation Marxist-in-Chief said that people’s health care costs would go down: HE LIED!
The Sub Human Detritus-in-Chief said there would not be any such concept as a “death panel”: HE LIED!
Moreover, the deciding vote in the awful SCOTUS decision was that of Roberts, who was blackmailed behind the scenes on account of his legally questionable adoption of two Irish children. This is all in line with the Obama’s political history, which is 100% Chicago thug style (for those who wish to look into the history of how he attained political office throughout his career, there will be much of interest). John Roberts had initially been on the correct side of the fence, but suddenly changed his mind at the last minute, causing the previous majority to have to rewrite their once-majority opinion as a minority opinion. This is pure patented B.O.
Nevertheless, if SCOTUS is infallible, then maybe you should look at the history of its decisions. You can start with Dred Scott, and work your way out from there.
I will never ever ever ever accept the curtailing of my liberties. Socialists need to move to one of the many many many jack-assical socialist countries, or else they can drop dead. I’d prefer that they all just drop dead. Literally!
This is not their country! GET OUT!
This country does not belong to the parasites that voted for Barack Hussein Obama! GET OUT!
Gods, shut up you tin foil hat retard.
A most excellent retort!
The ACA is not as good as it could have been or as good as it should have been. Blame that on the people who thought that they could prevent it from becoming law by inserting provisions to ruin it. Guess what, the tactic failed and the resulting bill became law. The GOP failed in its duty to this country and its citizens, not because the ACA was passed, but because the GOP did not work in a bipartisan way to ensure that the ACA was the best possible piece of legislation.
Absolutely true and verifiable.
It’s only true because most people who would be positively affected by the law don’t know the first thing about it.
They need to better educate the masses.
Facts are verifiable and it’s the people’s due diligence to learn the truth and the facts.
That can be difficult when the obstructionist party is attempting to block the effort to inform the populace. Do your due diligence before you post tripe.
Was that a collective ‘your’ or inspiration from your new avatar?
Obamascare has been declared a tax…
Taxes cannot orignate in the Senate, only in Congress…
According to the US Constitution…
…which is currently used as toilet paper in the White Hut by the Muslim terrorist living there.
It already passed Congress and is law.
Obamacare is going down one way or the other. It will either go down through legal means or by the weight of its own stupidity. It is a horrible piece of legislation that was barely just rammed through with back room political deals.
The Jihadist-in-Chief said prior to his dubious election that the process its authorship would be open for all to see: HE LIED!
The Anti-American-in-Chief said you would be able to keep your current insurer: HE LIED!
The Black Liberation Marxist-in-Chief said that people’s health care costs would go down: HE LIED!
The Sub Human Detritus-in-Chief said there would not be any such concept as a “death panel”: HE LIED!
Moreover, the deciding vote in the awful SCOTUS decision was that of Roberts, who was blackmailed behind the scenes on account of his legally questionable adoption of two Irish children. This is all in line with the Obama’s political history, which is 100% Chicago thug style (for those who wish to look into the history of how he attained political office throughout his career, there will be much of interest). John Roberts had initially been on the correct side of the fence, but suddenly changed his mind at the last minute, causing the previous majority to have to rewrite their once-majority opinion as a minority opinion. This is pure patented B.O.
Nevertheless, if SCOTUS is infallible, then maybe you should look at the history of its decisions. You can start with Dred Scott, and work your way out from there.
I will never ever ever ever accept the curtailing of my liberties. Socialists need to move to one of the many many many jack-assical socialist countries, or else they can drop dead. I’d prefer that they all just drop dead. Literally!
This is not their country! GET OUT!
This country does not belong to the parasites that voted for Barack Hussein Obama! GET OUT!
1) The House and the Senate make up the Congress in this country.
2) The Affordable Care Act was passed by both the House and the Senate.
Without the ability to get 4th Grade Social Studies under your belt, why would you think anyone would give your nonsense opinion any weight?
The irony of it all and the paradox, is that The Affordable Health Act aka Obamacare will commence and enrollment will go on tomorrow despite the shutdown and they know it, so this is nothing but spiteful hurting of the country and the economy Nationally and Internationally.
The epitome of spite.
You got that right! We have a Muslim Loving Terrorist in the White House! God Help Us!!!!!!
Ignore what actually has happened and blow hard with your prejudices in tow.
2008
http://blogs.reuters.com/pakistan/2008/09/27/obama-mccain-underline-policy-differences-on-pakistan/
2013
http://www.csmonitor.com/USA/Military/2013/0603/American-public-has-few-qualms-with-drone-strikes-poll-finds
Pacific Research Institute President Sally Pipes, author of “The Cure for Obamacare,” said that’s not enough to get healthy, young adults to shell out for coverage.
“Even though the price is down, the price is still very expensive,” she said. “People are not going to buy into this. Then the system will implode.”
Merrill Matthews, a resident scholar at the Institute for Policy Innovation, predicted a “death spiral” in which the rates rise over the next several years, leading healthy people to drop their coverage while “very sick” people “stay in until the very last drop,” forcing rates up even more.
“The death spiral is well known in health insurance,” he said.
http://nypost.com/2013/09/30/experts-fear-obamacare-rate-spiral/
Every insurance group plan to date, works on the same principal.
I know right?
Let us not forget the real reason the issuance companies are fear-mongering: COVERAGE FOR PREEXISTING CONDITIONS.
59.1 million votes vs. 62.6 million votes is “decisive?”
I see a country split down the middle with one side bussing indigents to the polls to vote multliple times so they can get their obamaphones.
If there’s a fight, who wins? I’d bet on the half with the guns, not the pasty effete liberals ensconced in cities, usually without vehicles, and wholly dependent on the other half to supply them food each day.
Smart bettor.
Tweadle-Dee and Tweedle-Dumber, so full of hate & stupid they are happily divided and more than willing to propagate their masters talking points. (which are for shit, I might add)
Some patriots, gleefully wishing for civil war and the chance to show “them” people what they think.
Pathetic…
Liberals are fags.
The US doesn’t negotiate with terrorists.
Spiteful, selfish, dangerous, shameful moron republikkkans still trying to save the country from the debilitating obamacare debacle.
Idiot- when everyone finds out that insurance rates are muchblower and that this is a god end for all Americans, they will realize that republikkkans have been lying to everyone forever and THAT will be the backlash that kills the republikkkan party forever.
Bank on it moron. Take your hate to hell with you.
True.
Amen to that !!!
“The perfect kind of insurance, to an economist, does one and only one thing: it transfers money from the lucky to the unlucky.”- Mark V. Pauly
I’m glad you’re so confident in your assessment of costs, but if you consider the above statement, and apply it to our situation here in the US, I’d maybe give it a bit more thought if I were you.
Fact #1: You can’t add 20-30 million people to the insurance dole and expect costs to go down
Fact#2: You need someone to finance this increased responsibility, which logically means that someone is going to be paying A LOT more for health insurance
Fact #3: We know not what effects moral hazard will play on the whole system, but I suspect that it will have a more substantial effect than expected since many/most people will consider their newfound insured status= free healthcare.
Fact #4: Medicare has proven to be orders of magnitude greater in expense than originally thought. If you consider the PPACA to be a large extension of Medicare, then we’re in for the mother of all expensive gov’t programs.
So I’m glad that you’re optimistic about the costs (I wish I could be- and I work in the healthcare field!), but it certainly doesn’t look promising.
The truth will bury the republikan party forever.
Costs will go down.
All insurance principals are based on the lesser needy balancing out the more needy. It’s economics 123.
The premise (and promise) of the benefit of insurance is based upon assessment of risk- it has nothing to do with need. The ‘need’ was created by the politicians (of every nation which provides ‘health insurance’). If you actually do your research, instead of making this into a ridiculous never-ending political diatribe (as so many people have), you’d see that historically speaking, we’re in for a world of hurt. Like I said, the very politicians who are responsible for this bill, are now entirely and wholly in charge of our healthcare system. Their track record for handling this sort of thing is abysmal- and it’s very evident today with all of the bickering and finger-pointing going on.
Bullshit- and soon the whole country will not only realize that the ‘ ” ‘republikkkan emperor’ is a naked liar, but that he also has an itsy bitsy weenie.
Nice argument. It’s great to see that we have such a mature and knowledgable electorate.
This nation is about to get a very hard lesson in basic economics. Sadly, most of it will be as the rubble of Detroit by the time the last holdouts finally realize that the socialist parts is over.
When people start experiencing the awfulness of Obamacare for themselves, everyone of us who never voted for President Scum are going to have a blood hatred for those who did.
Obamacare is going down one way or the other. At this point, it looks as though it will only go down as all socialist systems go down: by its own weight.
Obamacare is not legitimate law. It has been forced upon us through illegal and undemocratic means. It is tyranny.
Obamacare is already creating monopolies. Insurance rates are already going up (just as they were DESIGNED to do). Rationing will be the order of the day. The unions, who supported it, now hate it. Congress certainly doesn’t want to abide by it themselves. The Obama family will definitely never be subject to it.
The jaw dropping stupidity and scumminess of liberals is the 8th wonder of the world.
Lunatic Libs newsflash may be hard for you to comprehend but will use little words to help you.
If Democratic’s in the Senate like Harry Reid and company DID THEIR JOB and passed a budget as stated in the Constitution as one of their duties (which they abdicated since 2009), then there would be no reason to mess with CR’s (Continuing Resolutions) to keep government funded! Lunatic Libs and Progressive Pricks must be shun by the ‘grown-ups’ in the Democratic Party… If there are any left!
Idiot democraps
Yes, but this is the last day of the quarter. Stocks always go down the last 2 days of the quarter and then pop up during the following first day. If you are taking a bigger swipe at the economy, then yes. They are actively taking America down and changing it into the land of the takers. The problem is, money can move and at some point, there isn’t any more to redistribute (legally steal). They reached their target, everyone hits the bottom and crashes together.
Don’t worry. The Koch Brothers will buy the government and begin their Thousand Year Reich, Seig Heil!
The government’s playing games in Washington D.C, its people suffering, sigh!.
‘Duct tape and chicken wire’ holding ObamaCare together
Thank God I am well-off enough to have a concierge physician for my family.
Hate to break it to ya, but since we’re all (doctors) essentially gov’t employees now, we’re at the mercy of the PPACA. Within the hundreds of pages of fine print lies the not-so-subtle attack on concierge medicine, i.e. the gov’t will make it illegal for doctors and health systems to accept money directly from consumers, like they have for Medicare and Medicaid patients. So enjoy it while you can- it’s going away very shortly.
This is what happens when you let the gov’t control your economy- inefficiency, waste, useless bickering and posturing, bad decisions and 20+ hour speeches. And they call this good for the people?
Fck The System. It’s ALL corrupt. A cesspool of blathering ineptitude.
nothing will be “shut down,” it’s more horseshit from The Prince Of Liars: Obama Messiah.
’cause that danged ol’ Syrian invasion diversion didn’t work out (thanks to some rational Limeys in the British parliament), gotta move on to Plan B to destroy America. Forward! Yes, we can!
This was the “change” that Obama promised on that faithful day back in ’08. Are you proud of yourself, Obama faithful. Once again, I wish it was the 90s. When Clinton lied, the only one mad was his wife. But when THAT Clinton lied, we lost an entire embassy, and for American nationals. And she seriously thinks she can win the 2016 elections? Sh’yeah right! I am serious, the 90s were better. None of this nonsense would have happens under Ol’ Bubba Clinton.
Apple @ $478 if you bought at $705, you are doomed. Doomed I say. Of course, if you bought at $12, things are looking just mighty fine.
PS: those evil “repubilkkkans”, are just trying to get you to live longer and feel less pain over the course of your life. For the record, more DemoKKKrats since 1920 have been in the KKK than republicans by factor of 17. Look it up, you will be surprised.
it is about time to devaluate the dollar according to the trillions of US debts.
This is not Obama’s fault… It is the question of a lengthily inked mentality.
Think different and start something new.
“lengthily?”
How many languages are you understanding, reading, speaking and writing, my dear? I mean easily…
Isn’t it funny how, at a time when confidence in Washington is at an all-time low, the thought of government shutting down causes stocks to *drop*?
There are so many good news for Apple, however, AAPL is not in green territory, the king deserves to wear GREEN crown!. Obviously, Wall Street’s anti-Apple!.
“Apple crowned king of global brands, dethroning Coca-Cola”
The fault lies with both parties. Bickering little children. Next time vote Liberitarian.
Looks like my policies are alive and well in the 21st Century! I really made a mark on society. You know you’re popular when AmeriKKKa is copying your successful policies on the 1940s. I underestimated you guys across the pond.
/s
I’d like to point out that many MDN readers will be affected by this. Open your eyes to see that many of these people are hard-working and will be sent into disarray for base political reasons. They may not be able to find another job in the same location and will have to consider moving their families, etc., etc.
Time for some people at MDN to wake up. The Republicans in our government are not constructive people. They only know how to hate and obstruct. They are not Steve jobs. They are the protectors of old, antiquated industries that will eventually be steamrolled by new technologies that they are too lazy (and greedy) to invest in. This is not the party of Steve Jobs.
I’d like to point out that many MDN readers will be affected by this. Open your eyes to see that many of these people are hard-working and will be sent into disarray for base political reasons. They may not be able to find another job in the same location and will have to consider moving their families, etc., etc.
Time for some people at MDN to wake up. The Democrats in our government are not constructive people. They only know how to hate and obstruct. They are not Steve jobs. They are the protectors of old, antiquated industries that will eventually be steamrolled by new technologies that they are too lazy (and greedy) to invest in. This is not the party of Steve Jobs.
There are so many good news on Monday, but AAPL is still tanking. Oh dear Wall Street why don’t you let the king wears a GREEN crown. He deserved it.