[I]f you take a look at CSR payments, that money is going to insurance companies to prop up insurance companies. That money is going to insurance companies to lift up their stock price, and that's not what I'm about. Take a look at who those insurance companies support, and I guarantee you one thing: It's not Donald Trump.If these were normal times, if this were a normal presidency, that quote would have been the lead story, and the administration would have been on the defensive about it for weeks. But this administration is so corrupt, so incompetent, so destructive, so downright evil, that even an outright admission of political corruption goes virtually unnoticed.
Friday, October 13, 2017
Trump admits healthcare cuts are political payback
Donald Trump says so many outrageous things that there just isn't time to get outraged over all of them. Case in point: Donald Trump today admitted, pretty much in so many words, that the reason he's pulling the subsidies from Obamacare is that the insurance companies didn't support his campaign. Even more telling, not a single on-line news outlet has covered this story as far as I can tell. I had to get this quote from the official White House blog:
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ReplyDelete>Case in point: Donald Trump today admitted, pretty much in so many words, that the reason he's pulling the subsidies from Obamacare is that the insurance companies didn't support his campaign.
It's the converse - they didn't support his campaign because he supported pulling their subsidies.
[I]f you take a look at CSR payments, that money is going to insurance companies to prop up insurance companies. That money is going to insurance companies to lift up their stock price, and that's not what I'm about. Take a look at who those insurance companies support, and I guarantee you one thing: It's not Donald Trump.
Trump is saying in the above that payments to insurance companies are just political patronage. A transfer of tax dollars to insurance companies for the purpose of additional insurance company profit. Which would lift their stock price. Trump doesn't think tax dollars should be spent to increase the stock price of public companies.