US House Energy and Commerce Committee (click here)
This is a very big deal. She remembers the global economic collapse of 2008. It is this picture that is potentially growing. Today, the financial markets are losing ground. This is THE BEGINNING of a retreat by the markets. The markets never dump all their stocks at once no matter how scared they may be.
I refer to the Halliburton stocks. Halliburton has been losing value and status since it's involvement in the invasion of Iraq. The fall of it's value has been continuous, but, persistent. That is the way the financial markets handle uncertainty.
It is the loss of moral efficacy that is at play here. The markets demand stability and in that stability are government policies that are rock solid and predictable. Today is a clear indication the markets are concerned for it's future.
The Speaker should task her committee to address this and put those bills forward to be passed by veto proof majorities in the US House and Senate.
Immigration policy cannot be solved by financial markets. The entire idea is bizarre. The financial markets have a right to know their future and the US House has an opportunity to calm the waters. I am not even a fan of the financial markets and their risky exploits, but, this is going to result in market loss day after day, month after month and the investors won't be thinking twice about abandoning stocks effected by Trump's strange idea of immigration policy.
The US Senate needs to pass the House's immigration reform bill with veto proof majorities.
Yes, it is just that important and Americans need to let their US Senators know this level of turbulence will not be tolerated. There are perfectly good bills the US Senate can pass now that will end this disastrous presidency.
