EppsNet Archive: CNBC

Spot the Fake News: Obamacare Subsidies

I read four news stories on the same topic — the end of Obamacare subsidies to insurance companies. The Wall Street Journal plays it straight down the middle: President Donald Trump’s executive order on health care issued Thursday marks the first major salvo in what the White House promises will be an extensive, targeted campaign to unravel the Affordable Care Act administratively. As does Bloomberg: President Donald Trump said he is moving “step by step” on his own to remake the U.S. health care system because Congress won’t act on his demand to repeal Obamacare. The Trump administration took its most drastic measure yet to roll back the Affordable Care Act Thursday evening, announcing it would cut off a subsidy to insurers hours after issuing an executive order designed to draw people away from the health law’s markets. See if you can spot the fake news in the Politico version:… Read more →

The Chicago Tea Party

This is America! How many of you people want to pay for your neighbor’s mortgage? President Obama are you listening? How about we all stop paying our mortgage! — Rick Santelli (video), CNBC Chicago I’m rolling over in my grave, as the gentleman from Chicago has already noted. Count me in for the Chicago Tea Party! A little revolution now and then is a good thing; the tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. I’ll bring Samuel Adams along. Not the beer, you yahoos, the patriot! He has experience with this sort of thing. P.S. Medary.com has provided a Chicago Tea Party broadside, or whatever you call them nowadays. Read more →