In the Spirit of April Fools, Obamacare has been Repealed!!!
Just kidding… March 31st, did however come around and the deadline to sign-up for Obamacare has come and went and the White House seems to be acting like they cured cancer because they did in fact reached 7 million in the number of people who sign-up on the website. What a non-related and meaningless statistic. First of all, I signed up on the site but never purchased insurance through Obamacare, but guess what, I’m part of their victory statistics for how Obamacare is changing America.
Large percentages of people who signed up on Obamacare already had insurance and therefore did not benefit from this new program. This is primarily because millions of people who had perfectly good insurance got cancelled and had no other choice but to sign-up with Obamacare. But the White House overlooks that and takes credit for what may seem like good and throws out the bad. This isn’t even getting into the fact that rates are skyrocketing out of control and millions of Americans are losing their jobs or being cut back to part time hours because of the 30 hour threshold for employers to provide overpriced health benefits.
Presidential Race is Starting to be a Topic of Discussion…
It always feels to me no matter what point we are at in the term, the topic of who will be running for office is always circulating. In all fairness it takes a great deal of time to accomplish such a task as running for office. In 2012, I honestly believe Ron Paul did in fact inject the most change and bring up the most important topics to the table such as liberty, obeying the constitution, getting the government out of our wallets, and the Fed. He was running as a Republican candidate, but with more an outside in approach.
He was obviously such a contrarian even though he represented what a true conservative should really stand for. This says a great deal about the conservative party that now dominates this voting block. He was unable to get the attention he deserved from the media and he lost the election.
His son Rand Paul however has a chance at becoming the next president and he does embody the views of his father but is coming across to voters as a more electable candidate because of his approach. Ron Paul’s efforts throughout the years may not go without tremendous victory if his son wins in 2016 and has an opportunity to transform the American paradigm on how to run an economy.
Market News
As we entered the year, Goldman Sachs set out a target of 1,900 for the S&P 500 by the end of 2014. The wall of worry keeps getting more and more worrisome as stocks continue to climb. Thanks to the plethora of bad news (which, obviously, is great news) and the promise of more money printing if things get worse, with the mini-melt-up of the last few days (ahead of the ECB hope tomorrow and traders desire for a dismal print at Friday’s NFP), the S&P 500 is now within 10 points of Goldman’s year-end target. Bad news means more stimulus for the markets which is creating more instability for the future.
It should be noted that the growth we’ve seen in 2013 has slowed tremendously and fear of a reversal could be a self fulfilling prophecy.
It’s funny how all of this stuff could make someone want to crawl into a hole because of frustration in what we see around us. For me, I compartmentalize m my emotions and live a happy life and invest in the present day system and do my part as a citizen with free speech to speak up for what I feel is best for all people. Essentially treating people the way I would want to be treated and allowing people to make decisions for themselves. Creating an environment for people to thrive and be successful without infringing on other people’s rights is what I strive to associate myself with.
Honestly, I don’t lose sleep over it… My goal is to fight the good fight and be happy. Making money and outsmarting the system is an endeavor I’ve aspired for ever since I was a child and no one is going to get in the way of that.
Be prosperously happy,
Kenneth Ameduri
Chief Editor of CrushTheStreet.com