While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” Democratic (socialist/fascist) de facto President Obama (either a natural born subject of the United Kingdom enclave of Kenya, or a natural born resident of the republic of Hawaii) signs the Patient Protection and Affordable Care Act, furthering the continued nationalization of the health care since the passage of the Health Insurance Portability Act by the Republican (fascist/socialist) 42nd counterfeit CONgress—the “Gingrich Congress” (elected in accordance with the fraudulent 17th amendment) in 1996.  Business paid health insurance for their workers will now be reclassified as taxable income. 

       NOTES:

• Although Republicans campaigned against “Obamacare,” the act that Obama signed is essentially Republican in concept.
• Included in the act is a ten percent excise tax on tanning beds, which resulted in a reduction in sales of up to 40% across the nation.
• “Obamacare” could require the hiring of as many as 16,500 additional Internal Revenue agents to enforce its regulatory provisions. Among which is lowering the exemption at which businesses are required to file 1099 forms (reporting payments to independent contractors) from 600 “dollars” to zero, and the expansion of that requirement to include vendors as well.  This likely to increase the number of 1099s filed each year by a thousand-fold, greatly increasing the error rate in IRS assessments.

       [added 3/20/2021] Thanks to Freedom’s Phoenix for this entry.

       President Janet L. Yellen, of the privately-owned Federal Reserve (central) Bank of San Francisco, speaking to a Town Hall meeting in Los Angeles, california,

[N]ew home sales have resumed a downward slide and are at very low levels.  … The [Federal tax] credit expires this spring, removing an important prop.  With sales still weak, builders have little incentive to ramp up home construction. 

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       What you want to see is delinquent borrowers becoming current.  Instead, what happened was that delinquent mortgages moved in the other direction to an even poorer performance status.  Many wound up in foreclosure.  All in all, I expect that the share of loans that are seriously delinquent will continue to move higher. 

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       As the Fed[eral Reserve System of (central) Banks] stops propping up the housing market it will turn lower, although I continue to believe that the stock market will ultimately show the most weakness as we double dip. 

       [added 3/20/2021]