During his 1928 election campaign, President Herbert Hoover defined the 'American Dream' as "a chicken in every pot and a car in every garage." And while the chickens and cars (courtesy of a massive subprime auto loan bubble) don't seem to be much of a problem these days, for Americans in over half of the largest cities in the country, owning a home is.
Following two days of utter chaos in Washington D.C., the Republicans in the House have finally called it quits and laid to rest, at least for now, efforts to repeal and replace Obamacare. The bill was pulled shortly before voting was set to begin at 3:45PM EST.
As the fate of TrumpCare hangs in the balance, Sean Spicer will take the stage momentarily to tackle questions from the press on the latest developments. For the latest updates on this afternoon's vote see our post here.
And some udpates:
Buy the dip?
According to Predictit.com, the odds of the healthcare bill passing today has plunged to 13%
It was as high as almost 50% late yesterday...
Source: Predictit.com
While the American Healthcare Act, President Trump’s first major legislative effort, is going to a vote in the House of Representatives on Friday - no matter what; for many years now, the American healthcare system has been flawed.
As Statista's Feliz Richter illustrates in the chart below, U.S. health spending per capita (including public and private spending) is higher than it is anywhere else in the world, and yet, the country lags behind other nations in several aspects such as life expectancy and health insurance coverage.