by Countable | 1.25.17
It’s difficult to stay up-to-date on what’s happening in this country and to break through the clutter, so we’re here to make it easier. Here’s what we at Countable are reading today:
"Wall Street stock markets hit a fresh record on Wednesday, with the Dow Jones Industrial Average trading above 20,000 for the first time. The S&P 500 and tech-heavy Nasdaq were also at new highs, fuelled by hopes that President Donald Trump's policies will boost the US economy."
"If the Dow finishes above 20,000, it will have reached its latest 1,000-point milestone two months after closing above 19,000 and be the second quickest 1,000 point rise ever. Financial stocks have been a major factor in the gain - with Goldman Sachs and JPMorgan accounting for around 20% of it. This is because investors believe that some of Mr Trump's policies will trigger inflation and produce a rise in interest rates."
Read more at the BBC.
"President Trump signed a pair of executive actions Wednesday to begin ramping up immigration enforcement, including a new border wall with Mexico, vowing that construction on his chief campaign pledge would begin in months. In an appearance at the Department of Homeland Security, Trump kicked off the rollout of a series of directives aimed at clamping down on the estimated 11 million immigrants living illegally in the United States."
"Aides said more directives could come later this week, including new restrictions on refugees and immigrants from Muslim-majority countries. The presidential directives signed Wednesday aim to create more detention centers, add more federal border control agents and withhold federal funds to cities that do not comply with federal immigration laws, Trump aides said. "
Read more at the Washington Post.
"Donald Trump's nominee to head the Treasury department, Steven Mnuchin, is registered to vote in two states, a CNN KFile review of paperwork obtained through open records requests in New York and California show."
"While it is illegal to cast ballots in multiple states, it is not illegal to be registered in two states at the same time. In a tweet Wednesday, the president called for an investigation into voter fraud, including whether citizens are registered to vote in two states."
Read more at CNN.
"Sen. Charles Schumer (D-N.Y.) has emerged as a champion of the left since the election, embracing stalwart liberal Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.) and taking the lead in fighting President Trump’s conservative Cabinet selections. The minority leader has seized the mantle as the party’s chief defender of ObamaCare, twisting Trump’s campaign message to coin a new Democratic slogan to describe GOP healthcare policies: “Make America Sick Again."”
"The 66-year-old senator dismissed Trump’s recent executive order on ObamaCare as meaningless and has told Democratic colleagues he will not help Republicans pass legislation to replace the law if they repeal it unilaterally under a special budgetary process known as reconciliation. It’s a marked change in tone compared to November of 2014, when Schumer criticized the decision to prioritize the Affordable Care Act ahead of economic issues that lingered in the wake of the 2009 stimulus law."
Read more at The Hill.
"President Donald Trump says that he believes torture works, saying that “we have to fight fire with fire." In an interview with ABC News, the president says he will confer with Defense Secretary James Mattis and CIA director Mike Pompeo to determine what can and cannot be done legally to combat the spread of radicalism.”
"He says that radical groups “chop off the citizens' or anybody's heads in the Middle East, because they're Christian or Muslim or anything else." Adding, “we have that and we're not allowed to do anything. We're not playing on an even field.””
Read more at the CNBC.
— Erin Wright
(Photo Credit: Urban~commswiki / Creative Commons)
Written by Countable
Of course the market is up - all the billionaires are going to benefit from the fuehrer's draconian measures. The rest of us are going to pay with dirty air, unsafe water, loss of our civil rights and the loss of our standing in the world. Congratulations, trump voters - you have just set our country on the path to destruction.
I am a white 3rd generation American and I am outraged by Trump’s un-American proposal to ban travel from certain Muslim-majority countries including Iran. Discriminating on the basis of religion, national origin or ethnicity is un-American and undercuts the vision of America as a country that stands for freedom and equality. This disgraceful order will divide families and friends separated by country, and will not make us safer. I urge you to denounce this disgraceful order and do everything in your power to see that it is reversed. Can I count on your support?
We can pay for a wall but not pay for education or health care?!? I do not want any of tax dollars going towards that wall.
Please fight to keep the Affordable Care Act in place. These are real lives at stake here. People in the middle of fighting cancer, caring for their families, giving birth to children, and trying to control their diseases or disorders (like hypertension, diabetes, parkinson's, HIV, thyroid disorders, liver fibrosis, etc). Leaving them without insurance, or protection from unscrupulous insurance company policies , such as excluding "pre-existing conditions," is not only a heartless act, it will result in HIGHER costs to taxpayers as people are forced to go to the Emergency Room for help once their diseases/disorders have gotten to the point where more expensive and invasive procedures are needed because they couldn't get the preventive care or medications that would manage their health issues on a daily basis. I am fine with making improvements to the ACA, or moving towards a model closer to what other first world countries have. But to dismantle what we have is a stupid, heartless and irresponsible move that must be prevented.
So the night before the Dow hits 2000 Trump shits down the EPA and the USDA. The next morning boom Dow goes up...who believes in coincidences? This is the reason why we question Trumps holdings and Tax returns. Wake up!
Let's scratch the surface. The markets are up because of deregulation coming down the pike as well as the ACA being torn apart. Pharmaceuticals, banks, and insurance companies are giddy. These entities are not putting people back to work, they are preying on people. This is no different than times past. If you believe the insurance industry, the pharmaceutical industry and the banking industry are not run by the rich and will help the middle and poor class you are deluded. For once I wish someone would run this country on what the 99% need not on ideology, power hunger, ego, and manipulation. Oh right, we did have that and had a chance for more of that. I'm sorely disappointed in the voters, the new administration, and congress.
No one finds it strange that the same investors that got rich after the economic bubble burst are the same investors positioning themselves to profit off of a projected economic recession? Picture wolves circling a herd of sick buffalo... except the sick buffalo is working class America.
Thank you so much President Obama. We are in such good economic shape because of your intelligence and hard work. I fear for my children as this new buffoon takes the helm. I know he will destroy so much of your great work - and merely out of spite. It is hard to fathom how this pathological narcissist has come to power. I miss you so much!
This is not a good thing for the average American ... the only ones lining their pockets are the 1%
The rich are getting richer!! The poor are getting poorer!! We are losing our middle class!!!
Please do not support Trump's attempts to prevent Muslim's and other immigrants entering the U.S! They enrich our society; they don't take away from it.
Corporate greedy, big money is taking over.
Thank you President Obama for putting people back to work, saving the auto industry and Wall Street.
When this many corporations are happy, life isn't good for the little guy.
The Dow is up so it's big news because the one for centers are getting richer on the heads of the middle class and Donald Trump does not support the middle class. Even know half of the middle class voted for him they voted for the wrong person. He does not have their best interest at heart.
Last time #Goldman Sachs ran our Economy to the ground. Bankers got a simple smack on the wrist and we drowned in recession. Lets focus on the opposite.
Why wouldn't the market be up. We're trading money for clean air and drinking water. Cancer is going to sky rocket.
On terror: an eye for an eye leaves the whole world blind.
Thanks to Obama's recovery plan.
Favorable response by the markets has nothing to do with Rich traders believing that Donald trumps in so now we can rob America blind. They are up because of expectation of favorable markets due to recent presidential executive orders and bills that were past this week. The favorable Market is a wonderful sign for our economy.