Why Republicans Should Fund Obamacare
My grandmother quickly replied, "Absolutely not." My grandfather, on the other hand, had a different perspective, one that the GOP should consider.
My grandfather decided to overrule my grandmother (something that rarely happened and made me nervous to watch), poured half a glass of beer and encouraged me to enjoy it. I took one taste and decided I hated it, but I took one more just to try to save face.
My grandfather understood that if he said yes it would end my curiosity. For the same reasons, The GOP should fund the ACA and let the public get a true taste of it.
The ACA will implode on its own when employees and employers realize they are receiving much smaller paychecks because they are paying much more in insurance premiums than they otherwise would.Back to why. The Republicans who are threatening to defund the continuing resolution understand theater much more than they understand the game of chess. In chess, the object of the game is to win by not allowing capturing of your king. In almost every game, you will sacrifice pawns, bishops and even your queen to win the game. Each piece is like a battle in a larger war. Instead of keeping their eye on the prize, many in the GOP are shooting at anything that moves because it makes for exciting TV. Along comes a bill and they want to shoot it with ACA defunding. The continuing budget resolution comes along, and they want to shoot that with ACA defunding, and so on, ad nauseum. All along, they fail to realize they have only so many bullets and risk not having any when the time comes when they will genuinely need them. If the GOP membership is smart, it will lose the theatrics and focus on what genuinely matters. Otherwise, the Democrats may figure out a way to place the ACA failure on the GOP, and that would be a failure the GOP doesn't want to own. Follow @RobertWeinstein This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV