Obamacare Lives To Die Of Natural Causes – Ep. 237

  •  Earlier I talked about the Trump honeymoon, and  my belief that it wouldn’t last long, in fact I thought it might have ended before the marriage began with the inauguration
  • It did carry on a bit after that, but it seems to me that the honeymoon is ending now
  • Today, the attempt to repeal and replace ObamaCare went down in flames
  • That’s something I had predicted a while ago; I said that I doubted that they would be able to repeal Obamacare and it turns out that I was right
  • They didn’t do it
  • In fact, President Trump threw a Hail Mary late in the negotiations by threatening the Republican holdouts: “Pass this bill or else.”
  • He basically said, it’s this or nothing – If you don’t replace ObamaCare, you’re stuck with the consequences
  • I think that was a bad gamble for the President to have made, in fact as soon as he issued that ultimatum
  • I thought that was going to be a problem because I didn’t think the conservatives were going to buckle as a result of that threat
  • And they didn’t
  • Now, not only has the bill been pulled, President Trump is in a very awkward position because he’s already said
  • Take it or leave it
  • And Republicans left it
  • Now how does he come back to the negotiating table?
  • Now, if he comes back, he doesn’t have a lot of credibility
  • I still think it would be better if he went back to the negotiation table
  • I think it was a bad tactic for Trump to say, “It’s my way or the highway
  •  I think that if this bill doesn’t succeed, they should try again
  • They should recognize the problems in the replacement bill and work harder to fix them
  • The problems is a lot of Republicans don’t have the stomach for real reform

 

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast.

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