Repeal

🔴 Ep. 271: Skinny Repeal was a Fat Lie

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• published: 29 Jul 2017
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The Peter Schiff Show Podcast - Episode 271 Open your Goldmoney account today: https://www.Goldmoney.com Sign up for my free newsletter: http://www.europac.net/subscribe_free_reports Peter Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Friend me on http://www.Facebook.com/PeterSchiff Follow me on http://www.Twitter.com/PeterSchiff Obamacare Repeal Charade Over The whole charade surrounding the repeal of Obamacare is finally over. The most recent attempt, labeled “Skinny Repeal” was a big fat lie. They weren’t really repealing anything, leaving the essence of Obamacare and accelerating Obamacare’s death spiral. If Congress had repealed the employer mandates and the individual penalties but left everything else the same, then the number of healthy people making the irrational decision not to buy insurance would skyrocket and the sick people who would still be buying, would be facing higher and higher premiums and costing insurance companies bigger and bigger losses to be subsidized by the taxpayer. Let the Democrats Own the Disaster Many Republicans are upset with John McCain, for being one of the 3 Republicans to join all the Democrats in opposing the bill. I think McCain did the GOP a favor. This bill, if passed, would have let the Democrats off the hook. They would have not owned Obamacare, and they would be responsible for its failure. Now we all know Obamacare is still there, it is exactly the way it was passed, the bill President Obama championed and signed, the one that Nancy Pelosi said, “We have to pass it to see what is in it.” We passed it, we know what is in it (although most people do not understand what is in it) and it is a disaster. Late last year most people thought the Republicans were going to repeal it – everybody but me. I didn’t think that they had the guts to do it. I had this interview on Russia Today in mid-January, it’s up on my YouTube Channel; the title is, “Peter Schiff Very Skeptical of Obamacare Repeal”. If you watch that video you will see that I say, “I don’t think they’re going to repeal it.” No Guts to Repeal Of course, everybody thought, “of course they are going to repeal it. They’ve been campaigning on it for years!” The President promised it. Everybody who has run for office as a Republican says, “Elect me and I am going to get rid of Obamacare!”. They voted to repeal it many times when Obama was still President. And, of course, every time they voted to repeal it, Obama vetoed it, which of course, the Republicans knew was going to happen. As it turns out, that was the only reason they had the guts to repeal it because they knew it wouldn’t actually happen.