Subject: Private Sector Fortunes
Overall. business has been wonderful.
Biden, Trump, Obama, whatever --- anyone selling shoes to clothes to cars to cruises has had a wonderful run. They've raised prices, cut back services, and the American consumer thanks them for it because many Americans are made to spend. Born for it. Give him a 100K a year, $400k a year, he'll spend 101k and 401k a year, respectively. And social media culture, has made "the new normal" for Americans an unrealistic, check-to-check affair in many cases in that things we did as 'treats' as kids - are now the normal every day way of life. Christ, people need a brand named "reusable water bottle" ---this shit starts from childhood and continues on.
Anyway - as someone who cares about VOTER TURNOUT ISSUES, and not the Sheeple daily outrage meme of the week....I contunue to marvel at Medicaid and especially Affordable Care Act.
DISCLOSURE: As i've said many times - I've benefited from ACA. On TMF when ACA came out - I was at my apex business-wise, would've never dreamed of needed ACA. I never even knew what my insurance costed BUT even on TMF i said - ObamaCare is an imperfect but awesome step vis a vis pre-existing conditions and a handful of other items. But just disclosing again - yes - since I early retired i've milked the shit out of ACA and milked the shit out of everything else. I spent many years planning the whole thing. 80% was honest above board, 20% - well - i really stuck it to the system and future auditors should pay me as a consultant :)
So to me, the disappearing subsidies isn't a crisis. It means maybe one less vacation here and there. Not happy about it, but hey, i've taken SO much it's almost appropriate this happens lol.
BUT to the general public i wonder - if 20,000,000 American see their monthly premium increase - anywhere from realistically $100 up to ----$800 per month....
Does that mean less cruising? Less flying? Maybe less car buying? Again i'm not talking about the Club 401K caste on TMF or Bogle - i'm talking aobut htep people that you people don't consort with.
I feel that math is math and that this WILL affect some modicum of consumer spending.
I don't avidly follow the "stock market" but i wonder ---if people feel this will weigh on businesses even a little.
Your deity-esque corporations will have to maintain growth for these multiples - and they'll have to do it with a small chunk of their consumers having less money to spend.
Or does cheaper gas and maybe 1-2% lower mortgage rate (which would be the fakest shit ever give n the national debt) absorb this, and the Americans keep doing what they do best -- and spend?