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
move ahead on a overhaul in the trump administration s first month. it is something that republicans in congress have been advocates and planning for years. economist art laffer is chairman of laugher associates and was an economic advisor to president ronald reagan. he joins me from nashville. arthur, great to see you again. good to see you, paul. thank you, it s fun. paul: stock market rally since election day has been big. what are investors looking for anticipating? i think they re anticipating tax rate reform. i think they re anticipating a lower corporate tax for sure. when you discount those profits coming forward it leads to a fairly attractive stock market. i think this stock market reflects their optimism about the future. paul: should which be concerned there is a stall in the rally last three or four weeks? not really. we had a similar situation when reagan came into office and the market then went way down, as you may know in august of 1982.
move ahead on a overhaul in the trump administration s first month. it is something that republicans in congress have been advocates and planning for years. economist art laffer is chairman of laugher associates and was an economic advisor to president ronald reagan. he joins me from nashville. arthur, great to see you again. good to see you, paul. thank you, it s fun. paul: stock market rally since election day has been big. what are investors looking for anticipating? i think they re anticipating tax rate reform. i think they re anticipating a lower corporate tax for sure. when you discount those profits coming forward it leads to a fairly attractive stock market. i think this stock market reflects their optimism about the future. paul: should which be concerned there is a stall in the rally last three or four weeks? not really. we had a similar situation when reagan came into office and the market then went way down, as you may know in august of 1982.