Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those…
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Some Potentially VERY Good Economic News

Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those with "skin in the game," and who likely possess the best perspective, are betting heavily on an upturn, as highlighted by Friday's Wall Street Journal:

Corporate insiders are buying stock in their own companies at a pact not seen in years, a sign they are betting on a rebound after a coronavirus-induced rout.  More than 2,800 executives and directors have purchased nearly $1.19 billion in company stock since the beginning of March.  That's the third-highest level on both an individual and dollar basis since 1988, according to the Washington Service, which provides data analytics about trading activity by insiders."

Here's why that's important:

Because insiders typically know the…[more]

March 30, 2020 • 11:02 am

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Why Can't House Repeal Obamacare? Because A Lot Of Republicans Don't Want To Print
By Byron York
Tuesday, May 02 2017
[I]t's becoming increasingly clear that Republicans have not repealed Obamacare because a lot of Republicans do not want to repeal Obamacare.

"We're going to go when we have the votes," Speaker Paul Ryan said Thursday when asked when the House will pass a bill to repeal and replace Obamacare. Lawmakers will not be constrained by any "artificial deadline," Ryan declared.

On March 24, when the Speaker pulled the GOP Obamacare bill before what would have been a sure defeat, he said, "We're going to be living with Obamacare for the foreseeable future."

But why? Republicans have 238 seats in the House. Repealing Obamacare will require 217 votes. Even with unanimous Democratic opposition, Republicans could lose 21 votes and still prevail on repeal. Why haven't they done it?

By this time, it's becoming increasingly clear that Republicans have not repealed Obamacare because a lot of Republicans do not want to repeal Obamacare.

They don't even want to sorta repeal Obamacare. The bill currently on the table, like the bill pulled in March, falls far short of a full repeal of Obamacare. And yet Republicans still cannot agree on it.

About a week after the first Obamacare repeal failure, a House Republican, speaking privately, said the difficulty in passing the bill was not a parliamentary problem involving the complexities of the Senate and reconciliation. No, the lawmaker said, "It is a problem that we have members in the Republican conference that do not want Obamacare repealed, because of their district. That's the fundamental thing that we're seeing here."

"I thought we campaigned on repealing it," the lawmaker continued. "Now that it's our turn, I'm finding there's about 50 people who really don't want to repeal Obamacare. They want to keep it."

Other conservatives are saying similar things. In an email exchange Thursday afternoon, I asked one member where the latest bill stood. "We absolutely do not have the votes to repeal it," he answered. "The fact that some members are balking at even allowing states to waive out of some of Obamacare regulations is proof positive. We've gone from 'repeal it root-and-branch' to 'Mother-may-I opt out of some of Obamacare'  and we still are having trouble getting the votes."

In a phone conversation Thursday afternoon, another Republican, Rep. Steve King, quibbled a bit with the number of House Republicans who don't want to repeal Obamacare  he would put it in the forties  but felt certain there are lots of Republicans who don't want to repeal. "If you don't want to get rid of federal mandates to health insurance, then it's pretty clear you don't want to get rid of Obamacare," King said.

"Whatever we come out with, it will say to the American people that a full repeal of Obamacare is no longer in the cards," King added.

Yet another Republican member, in an email exchange, estimated that there are 25 to 30 House Republicans "who don't want to be forced to make the repeal vote." Even that lower number would be enough to sink a repeal measure.

Other GOP lawmakers are openly conceding that whatever the House does  if it does anything  it won't actually repeal Obamacare. Large parts of Barack Obama's legacy legislation will remain standing, a fact that more Republicans are admitting as time goes by.

Some Republicans remain optimistic, but in a much longer-term sense. "The process of removing a 2,300-page law with 20,000 pages of rules can't be done in one vote," says the member who estimated that 25 to 30 Republicans don't want to vote for repeal. "The process will take two years."

The Republican-controlled House and Senate both voted to repeal Obamacare in January 2016. In the House, 239 Republicans voted for repeal, while three voted against it and four did not vote. President Obama, of course, vetoed the bill.

Now, with a president who would sign an Obamacare repeal, there's no way Republicans could get as many votes as last year.

When repeal first failed last month, a number of commentators blamed the conservative House Freedom Caucus. In the days since, caucus members have made the case, convincingly, that they have shown an enormous amount of flexibility in trying to reach agreement with the Tuesday Group, made up of House GOP centrists.

Now, the centrists  a number of Republicans refer to them as "the mods," for moderates  appear to be moving the goalposts, even as the conservatives offer concessions. Conservatives suspect the centrists were perfectly happy for conservatives to take the blame for killing the first bill, but now are showing their true colors by rejecting compromise on the second version.

The reason is fear. When the lawmaker said colleagues don't want repeal "because of their district," that was another way of saying the members are all representatives, and the voters they represent don't want repeal. From The Hill on Thursday afternoon: "Many vulnerable Republicans are running scared. One moderate Republican was overheard in a House cafeteria this week telling an aide: 'If I vote for this healthcare bill, it will be the end of my career.'"

Whichever faction inside the Republican Party is to blame, it could well be that the conservatives' numbers are basically right: There are a lot of Republicans, say 40 to 50, who don't want to repeal Obamacare. Given unanimous Democratic opposition, that means that there are somewhere around 190, or maybe 195, House members who actually want to repeal Obamacare. That will never get the job done. Even a lower estimate, of 25 to 30 members who don't want repeal, would make success impossible. And if that is the case, the question is, why are Republicans trying?

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Byron York is chief political correspondent for The Washington Examiner.
COPYRIGHT 2017 BYRON YORK

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— Jonathan Turley, George Washington University Shapiro Professor of Public Interest Law
 
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