President Trump and the Republican House majority managed to make a dog’s breakfast out of the attempt to repeal “Obamacare”. It sends a warning signal that Trumps economic policy plans may have to be weakened. Financial markets are adjusting to this new reality.
President Trump and the Republican majority in the US Congress inflicted an embarrassing defeat on themselves last Friday. After 7 years of promising to get rid of “Obamacare”, it appeared that the preparations to do so were sorely missing. Or completely absent.
House Speaker Paul Ryan presented a draft