Foreign Policy: It was Aug. 30, 2013, and the U.S. military was poised for war. [President] Obama had publicly warned Syrian strongman Bashar al-Assad that his regime would face consequences if it crossed a "red line" by employing chemical weapons against its own people. Assad did it anyway, and [Defense Secretary Chuck] Hagel had spent the day approving final plans for a barrage of Tomahawk cruise missile strikes against Damascus. U.S. naval destroyers were in the Mediterranean, awaiting orders to fire. Instead, Obama told a stunned Hagel to stand down. Assad's Aug. 21 chemical attack in a Damascus suburb had killed hundreds of civilians, but the president said the United States wasn't going to take any military action against the Syrian government. The president had decided to ignore his own red line -- a decision, Hagel believes, that dealt a severe blow to the credibility of both Obama and the United States. read more
And it's not just UnitedHealth Group (NYSE: UNH) that is having very serious red ink problems over Obamacare. Goldman Sachs (NYSE: GSBD) just reported that the thirty not-for-profit Blue Cross plans are expected to lose money as a group for the first time since the 1980s -- with the Obamacare exchanges being the key driver.
Already, 12 of the 23 Obamacare created health insurance co-ops have become insolvent with almost all of the rest losing money -- 100 percent of their business is Obamacare business.