It is becoming increasingly clear that the Obamacare bill that most people didn’t like a couple of years ago, has become an ACA that is certainly not perfect but not even a disaster. It is probably best characterised as the lesser of the evils. Repealing it will be tough, and changing it has proven impossible for the Republicans to achieve, given their own divisions between right and left of the party.
The problem now, witness the US dollar rapid depreciation, is that this legislative debacle has significantly eroded investor confidence in the Trump’s administration ability to push through much of his economic agenda. The main next step will be tax reform. Trump and the GOP congress better gets their ducks in line this time, as confidence is easy to lose and very tough to regain…