The right-leaning New York Post covered a story this week which depicted the White House as the biggest reality TV show.
It’s not just ugly in the halls of Congress, it’s pretty nasty – per reports of salty language, and threats to match – at 1600 Pennsylvania Ave too.
Market Watch
It will be interesting to watch the markets’ reaction to these developments, because experts have observed that a significant part of the rise of the markets has been attributable to promises like fixing ObamaCare, and getting tax reform done.
While regulatory reforms have been accomplished – mostly through presidential executive action – that have boosted business, Democratic #resistance, along with fairly small numbers of GOP members in both chambers, are proving to be a challenge.
But if President Donald J. Trump’s Twitter feed is any indication, he isn’t giving up on any of it.
“3 Republicans and 48 Democrats let the American people down. As I said from the beginning, let ObamaCare implode, then deal. Watch!”
The Washington Times reports that “Republican Sens. Susan Collins of Maine and Lisa Murkowski of Alaska also rejected the plan, though both had balked at GOP efforts earlier in the week,” which made Arizona Senator John McCain’s vote the decider to kill the “skinny repeal” of ObamaCare.
Vice President Mike Pence arrived on Capitol Hill around 11 PM Eastern last night, standing by as a potential tie breaker vote. That was a vote by the vice president that circumstances never allowed him to make, because of McCain’s no vote.
A previous report on health care is linked here.
Flashback, Flash-forward, DC Swamp Watch and Programming Notes
As we’ve been reporting since the election outcome, the markets have soared based upon the president’s agenda. The positive impact on manufactured housing connected stocks – and businesses – has been pronounced.
In a very real sense, MHARR is counting on this administration to unleash the strangle holds at HUD, and to avoid the one that could be caused by DOE regulations. If MHI’s Preserving Access bill ever hits the president’s desk, they are counting on the White House too.
To rephrase, the drama playing out in DC is impacting our industry, along with the rest of the nation.
Democratic President John F. Kennedy and Republican President Ronald Reagan both took similar pro-growth steps during their terms as President Trump has begun.
Pro-growth economic principles such as lower taxes worked for Kennedy and Reagan. They will work for President Trump, so long as they are allowed to work. Just doing regulatory reforms is boosting jobs in mining and energy, which in turn is brining fuel prices to the lowest levels they’ve been in a summer in some 12 years.
Don’t count the president’s agenda out. On November 3, 2016, MHProNews did a deep dive into the polls from left-wing media like the Los Angeles Times, New York Times and others. Using their polls, we projected the potential for a Trump win, when that same New York Times gave Trump less than a 10% chance of victory.
The Daily Business News will continue to track developments and provide summaries and insights that help industry professionals cut through the left-right media noise. ## (News, Analysis.)
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