Months, they cant have a replacement. The democrats are very happy in some ways they are going to get rid of obamacare. This was the one big answer paul politically. This was one big answer, a new solution that was going to be revolutionary and change things for the better. Didnt work. They are happy. We had it for six years. Theyre happy to dump it off. Im more optimistic, there are a lot of pitfalls, we can go through them, if we have momentum, get one part down on the replace part, it creates the conditions for further things down the road. So i think that the main thing is that they need to show momentum. They have the repeal and show good things being done. Because our goal is not, the problem is, obamacare is like, closing down a nuclear plant. There is all this waste. You cant turn it off and walk away. You have to be careful with that waste because it can kill you in the meantime. So i think they just have to have the momentum. Paul the argument is, that you hear, and i hear is
be on imports but you don t levy that tax on exports? a lot rebate it. rebate it to exports. paul: a lot of people, retailers say it will raise prices for consume isers. it is protection it. how do you respond to that? the truth of the matter a border tax adjustment is a nothing policy. what you re doing tax on imports the is same thing as tax on exports. that is learner stem mitry theorem. a tax on exports they offset each other. this is way to pandering to people who want protectionism without having protectionism. border tax adjustment is not a problem, but tariff as a stand-alone is very serious problem. paul: but the border adjustment is first order of business until exchange rates adjust, it will raise prices for retailers who import their goods, walmart and others will it not? it could, it could. you will have an adjustment globally to the new border tax adjustment. that is exactly what they do with the vat in europe. so it is very common practice to
be on imports but you don t levy that tax on exports? a lot rebate it. rebate it to exports. paul: a lot of people, retailers say it will raise prices for consume isers. it is protection it. how do you respond to that? the truth of the matter a border tax adjustment is a nothing policy. what you re doing tax on imports the is same thing as tax on exports. that is learner stem mitry theorem. a tax on exports they offset each other. this is way to pandering to people who want protectionism without having protectionism. border tax adjustment is not a problem, but tariff as a stand-alone is very serious problem. paul: but the border adjustment is first order of business until exchange rates adjust, it will raise prices for retailers who import their goods, walmart and others will it not? it could, it could. you will have an adjustment globally to the new border tax adjustment. that is exactly what they do with the vat in europe.