Obamacare was the first real failure of President Trump.
While this is not crippling for the stock market – it is indeed a strong signal.
It was not part of the pro growth economic agenda that the market loves – and also President Trump always considered as a “favour” to the establishment.
But also not President Trump is on watch and cannot fail gain. It also emboldened a part of the Republican party clearly against Trump. And also put a dent in the idea that he is a great negotiator. He bluffed and lost.
So he is on the rope now.
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