Likewise, any expectation that the final legislation will be cured by administrative fiat is equally forlorn. No thinking conservative believed that would be the salvation when it was invoked to justify the first non-repeal, non-reform and there is no reason to believe it now.
As to the economy already having "baked in" the negative aspects of Obama care, we are talking about a need to dramatically improve GNP to at least well above 3% if the looming debt disaster is to be averted. That means that all the legs of Trump's plan, tax cuts, regulation cut, repatriation of offshore funds, trade reform and Obama care must be in place. The market is anticipating a lot of reforms and might crash if they are not enacted because the reforms have been "baked in."
Obama has been in office for approximately 130 days and it is difficult to identify anything that he has done to revive the economy except jawbone. Admittedly, he has been successful in jawboning but that has its limits in a huge economy. It is well to keep pro hoc propter hoc in mind. It is more probable that the economy was moving upward on a cyclical basis after eight years of sluggish recovery from the great recession and it is equally more logical to believe that the market had already anticipated the reforms-at least until the recent weeks from hell in which the market began to believe there might be an impeachment and therefore no reforms
