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The Peter Schiff Show Podcast

Obamacare Lives To Die Of Natural Causes – Ep. 237

The Peter Schiff Show Podcast

Peter Schiff

Business News, News, Investing, Business, Politics

4.65.9K Ratings

🗓️ 25 March 2017

⏱️ 31 minutes

🧾️ Download transcript

Summary


*  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

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Transcript

Click on a timestamp to play from that location

0:00.0

The Peter Ships Show

0:09.1

Well I've been traveling most of the week which is why I haven't been able to do a podcast

0:13.3

before today but I certainly have quite a bit to talk about.

0:16.8

Early on I talked about the Trump honeymoon in my belief that it wouldn't last very long.

0:23.9

In fact I thought it might have ended before the marriage began with the inauguration but

0:29.5

it did carry on a little bit after that but it seems to me that the honeymoon is ending

0:34.6

now.

0:35.9

Today the attempt to repeal and replace Obamacare went down in flames and that's something

0:42.4

that I had predicted a while ago.

0:44.1

I said that I doubted that they would be able to repeal Obamacare and it turns out

0:49.8

that I was right.

0:50.8

They didn't do it.

0:51.8

In fact, I think President Trump threw a Hail Mary latent in negotiations by promising

0:58.7

or threatening rather the Republican holdouts past this bill or else.

1:03.9

He basically said, look it's this or nothing.

1:07.0

If you don't vote to repeal Obamacare and replace it with Trump care then that's it.

1:15.2

We're stuck with Obamacare and I think that that was a bad gamble for the President

1:20.1

who have made.

1:21.1

In fact, as soon as he issued that ultimatum I thought that it was going to be a problem

1:25.4

because I didn't think the conservatives were going to buckle as a result of that threat

1:31.3

and they did it.

1:33.1

Now not only has the bill not passed or they pulled it, I guess, because they knew the

...

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