(Reported By Michael Snyder) Are we going to see a dramatic stock market plunge if the effort to get “Obamacare Lite” through the U.S. House of Representatives ultimately fails? On Thursday, a vote on the Republican healthcare bill was postponed once it became clear that there would not be enough votes for it to pass. House Republican leaders are still optimistic that there will still be a vote on Friday, but that is far from certain.
Many strong conservatives in the House are balking at supporting this bill because while it does eliminate a few of the most troublesome provisions of Obamacare, it keeps many of the elements of Obama’s signature healthcare law that have proven to be popular with the American people.
In other words, this bill is much more about “tweaking” Obamacare than “repealing” it. This is the first major legislative test for President Trump and House Speaker Paul Ryan, and so far they are failing. House Republican leaders have gone into panic mode, because a “no” vote could have some very serious implications outside of Washington. READ MORE