Skip to main content

Why Trumpcare failed?

Although the GOP (or at least its associated think tanks) is deeply associated with Obamacare (think of Massachusetts) I suspect that the real issue in the debate about health care is far more phylosphical than most people understand:

The GOP is fundamentally against a government provided healthcare system and will try everything to stop it, its not a question of social good, or of equality is a question that the government should not be involved in healthcare at all.

The Freedom Caucus at least is honest -- it would prefer the government have no role in healthcare at all, in fact, corporation that have deduction for healthcare -- should face the fact that these deduction (for taxes) should disappear!

This is not about making society better or more efficient (you would think it would be in the end) its about philosophy and how the role of the government should be limited to inter-state commerce and defense.  Aside from that nothing.

As for the states, they are sovereign entities; and are responsible for everything else.  Does it make sense in the 21st century -- no not really, why then even go back to the creation of the states -- why not go back further?

I am beginning to fully understand the repudiation of Romneycare -- as it was created because it was never suppose to occurred, it was just a way of responding to Clinton's single payer proposal (yes that's what it was in the early 90s).

It is strange that a political party would support a policy that actually harms its citizen, but its not unheard of, after all the Muslims also have policy that arm their economies, why not the far right of America?

The same issue with abortion and out of wedlock birth; there is a "religious" and social aspect to their vision of the world that is hard to understand.

However, if you want to understand the debate on healthcare its not about healthcare, a healthcare program that excludes hospitalization and medication is not a healthcare program -- in fact, what the GOP had proposed was a tax break for America's wealthiest citizen -- who have no use for healthcare anyway!  They buy what they need, when they need it.

Only 17% of the population supported the GOP's healthcare plan; a large percentage wanted more and a large percentage wanted less...  They know they are hurting their own healthcare interest but if you firmly believe that government has no role in healthcare, education, pollution control then you take the view that these things should be cut, and damn the consequences!

Strange but tested elsewhere too!


Popular posts from this blog

Will Trump start a trade war?

President Trump has been in office for 48 hours now and so far we have seen the following:

Plans massive tariffs on imports (especially if the White House "believes" that the jobs were stolen")Reduce regulation by 75%Shut down PBS -- that was Saturday and I've not seen anything more about that since
Aside from the weekend fight over the number of attendants at the inauguration, and I mean the entire weekend. When it was obvious from photograph that the thing was poorly attended.  The reality is that a large number of people would go to Washington for the "show" and Trump didn't deliver (there were no A or B list stars at his show ) so what's the point!

Once the images were out there was little doubt that it was fewer than Obama in '08.  So fine, let it be! BUT if this is all it takes to take Team Trump off its message (of a new administration) they will get bogged down quickly.  The idea that massive tariffs will be a huge win for Americans is …

34 of 549

This is a short one, but telling:  There are 549 US government jobs that are subject to Congressional conformation.  So far Trump has nominated 34 (not passed, nominated), it means that there are 515 jobs that require congressional approval that have yet to have a name associated to taking over.  Granted its early days, but Trump and friends have had from November 9th to January 20th to find these people -- so far only 34 have been found.

Its not that the White House is chaotic, its just not taking care of business...

Paying for research

This morning I was reading that CLSA -- since 2013 proudly owned by CITIC -- was shutting down its American equity research department -- 90 people will be affected!

Now the value of a lot of research is limited, that is not to say that all research is bad. In fact, I remember that GS's Asia Aerospace research was considered the bible for the sector.  Granted, there was little you could do with the research since the "buy" was for Chinese airlines...that were state owned.  Still it was a vey valuable tool in understanding the local dynamics.  It seems that the US has introduced new legislation that forces brokers to "sell" their research services!  Figures of $10,000 an hour have been mentioned...

Now, research can be sold many times; if GS has 5000/6000 clients they may sell the same research 300x or 400x (I exaggerate) but this is the key -- Those who buy the research are, I presume, prohibited from giving it away or selling it, at the same time the same rese…