Donald Trump and House Republicans were jubilant after passing the health care bill. There was talk about the great victory and praise for all involved. I believe that they were a little premature in their celebration. This really had nothing to do with repealing and replacing Obamacare. The bill could have contained nursery rhymes. All it represented was a political win in getting something through the House. Once it reaches the Senate, there will be major adjustments. They may even start from scratch. While their reaction may have been over the top, it was nothing compared to the disgusting display of House Democrats. Anticipating a return to power next year they sang “Na Na Hey Hey Kiss Him Goodbye”. Since the party is at its lowest ebb in nearly a century their arrogance (not to mention their judgement) is misplaced.
This is part of a continuing pattern. The stock market has soared based on what Trump MIGHT do. I subscribe to an investment service that is already factoring tax cuts into corporate earnings estimates. This is nothing new. Barack Obama entered the White House like a modern day Moses leading people to the Promised Land.
I can’t predict the future. Perhaps Trump’s vision will be realized. In the meantime, let’s put the champagne on hold.