Evening Edition - August 26

5 minute read

August 26, 2019

Monday morning, Asian stock markets plummeted and China’s currency plunged to an 11-year low following the latest tariffs on China announced Friday by President Trump.  And lo and behold, China is suddenly ready to seek a “calm end” to the trade war. Trump said he got a call from Chinese officials expressing interest in getting “back to the table.”  He said, “They want to make a deal. That’s a great thing.”

Treasury Secretary Steven Mnuchin told reporters Sunday that if "China would agree to a fair and balanced relationship, we would sign that deal in a second."  Sounds like they might be ready to agree. 

https://www.foxnews.com/politics/china-announces-it-seeks-end-to-trade-war-as-markets-tank-and-currency-hits-11-year-flatline

But then there’s also this, from the Fox News account:

“Stephen Innes, a managing partner at Valour Markets in Singapore, compared the difficulty of assessing the volatile market situation to reading tea leaves.  ‘Nobody understands where the president is coming from,’ he said, adding that the best thing Trump can do for market stability is to ‘keep quiet.’”

With all due respect, keeping quiet and valuing market stability over American workers is what led to decades of China ripping off the US.  Trump is playing rope-a-dope, and it’s working.  I suspect these same geniuses would have advised Muhammad Ali to just stand still and let his opponents punch him until their arms got tired. 

 YOU MIGHT ALSO LIKE: How Obama undermined the incoming President

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For those keeping track:

Friday, Massachusetts Rep. Seth Moulton became the fourth Democrat to drop out of the Presidential race, following Eric Swalwell, John Hickenlooper and Jay Inslee.  Moulton must have realized he had no chance when he announced he was ending his Presidential race, and the first question he got was “You were running for President?”

https://fortune.com/2019/08/23/candidates-dropped-out-2020-presidential-election/

Meanwhile, Joe Walsh (the former one-term Illinois Representative, not the Eagles guitarist) announced that he will challenge Donald Trump for the Republican Presidential nomination.  (Former Massachusetts Gov. William Weld is also challenging Trump, even though I imagine Trump would hardly describe their campaigns as “challenges.”)  Walsh declared that we “can’t take four more years of Trump,” which prompted Twitter followers to ask what we can’t take four more years of: low unemployment, a booming economy, putting America first in trade deals, what? 

https://www.westernjournal.com/former-rep-joe-walsh-announces-challenging-trump-2020-gop-presidential-nomination/

Since all he mentioned was “lies and drama,” he could just as easily have been talking about replacing Chris Cuomo at CNN, which, frankly, he’d have a better shot at.  

 

---------------------------

Kurt Schlichter has a new column on the sheer, shrieking panic that will grip the left if Supreme Court Justice Ruth Bader Ginsburg dies or steps down while Trump is still in office to name her replacement. It will likely make the  Brett Kavanaugh hearings looks like high tea at Buckingham Palace.

https://townhall.com/columnists/kurtschlichter/2019/08/26/get-ready-for-apocalypse-ruth-n2552156

I also appreciate that Schlichter pointed out one of the big differences between conservatives and current “Progressives,” who can no longer call themselves “liberals” (they’re not really progressive, either, since there’s nothing progressive about wanting to revive policies that have failed miserably for over a century.)  That difference is that when David Koch died, there was widespread glee and celebration on the left.  They actually celebrated the death of another human being, just because they didn’t like his politics. 

But when it was revealed that Ginsburg was treated for pancreatic cancer, there was no outpouring of glee or death wishes from the right. That would be disgusting and reprehensible.  We would all like to see her step down because of the damage her views have done to the Constitution, but because she is a fellow human being, we pray for her full recovery and that she enjoy a long and healthy retirement.

As the rabbi said in “Fiddler on the Roof” when asked if there was a proper blessing for the Tsar: “Of course! May God bless and keep the Tsar...far away from us.”

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To me, one of the most astounding things about the current, ever-more-leftward Democrats is that they have an unshakable belief in the effectiveness of policies that have proven to be massive, tragic failures everywhere they’ve been applied…yet they steadfastly refuse to consider alternatives that are proven winners if they don’t fit the “giant government program” model. Why, it’s almost as if their real goal were just expanding the size and power of government, not solving the problem!

Recently on my “Huckabee” TV show monologue, I outlined what I would do about the problem of providing everyone with quality, affordable health care. Unlike some strict free marketeers, I believe there is a role government has to play, but it’s in helping to subsidize only those who are truly in need and facing catastrophic medical costs. Even then, I think it’s important that wherever possible, people pay at least something toward their health care, because having some “skin in the game” insures that they aren’t completely oblivious to how much their care costs, a situation that drives up prices for everyone.

Well, anyone who truly cares about improving health care while lowering prices needs to read this op-ed by economics Prof. Sean Masaki Flynn, author of “The Cure That Works: How to Have the World’s Best Health Care at a Quarter of the Price.”

https://www.marketwatch.com/story/the-us-can-slash-health-care-costs-75-with-2-fundamental-changes-and-without-medicare-for-all-2019-08-15

Flynn says that with just two market-based reforms, we could have high-quality universal health care for a quarter of what we’re now paying. Unlike the pie-in-the-sky promises of “Medicare For All,” these are reforms that have actually been tried by companies and governments and found to work, and both involve giving more control to consumers, not government. I’ll let you read about them at the link, but suffice to say that one of them is the reason why LASIK eye surgery is now far better than it was when it was introduced in the 1990s at a quarter of the cost, while a knee replacement can cost more than you paid for your house in the 1990s.

To anyone who still clings to the notion that only government-run, single-payer health care works, I’d point out that every state that’s tried it has quickly reversed it when the costs skyrocketed “unexpectedly” (and that includes Bernie Sanders’ home state of Vermont.) Meanwhile, Prof. Flynn notes that Singapore is the only nation that has instituted both of these market-based reforms, and they have some of the best health care in world, available to everyone, for a cost that’s 77% less per capita than the US. All it takes is letting people have a little skin in the game.

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Comments 1-25 of 25

  • Deborah McClure

    08/27/2019 04:41 PM

    To get to the link to The Cure that Works go up to the URL and remove https://www.mikehuckabee.com which is in front of the marketwatch URL.

  • Jeannine Becker

    08/27/2019 03:13 PM

    The link above has been taken down?

  • Lee Bufalini

    08/27/2019 02:14 PM

    Dr. Flynn’s oped on slashing healthcare costs offers immense hope. President Trump has been talking about the “price tag” component. That price tags coupled with deductible security brings overall costs down while keeping consumer skin-in-the-game is brilliant, despite the sad reality that though these concepts are US “inventions,” they have only been adopted in Indiana (by the governor Mitch Daniels) and in far away Singapore. Both Indiana and Singapore have plenty of data to demonstrate both health and fiscal benefit. I hope President Trump considers including the concept of deductible security as he works to require health care pricing availability to consumers. Then, if the government wants to promote wellness in our nation, how about educating the citizenry on healthy life styles? Tax dollars could be re-directed away from leftist higher education to K12 educational programs that reach the entire citizenry. Re-establishing nutrition and cooking classes in high school along with other basic home economics courses (California has NONE) could go a long way to improving health and well being for generations to come.

  • David Thompson

    08/27/2019 11:46 AM

    Yes, there definitely needs to be openness of pricing in all medical fields. Would you ever take your car to a shop and not ask what they were going to charge to fix it? Would you ever go to the grocery store and load up your cart not knowing what they were going to charge until you had to pay? yes lasik has come down to where you can get it for sometimes 250.00 an eye. we don't have a shortage of lasik doctors in fact we have more lasik doctors.

  • Edgar Doleman

    08/27/2019 11:44 AM

    I get an error when trying to access this link: https://www.marketwatch.com/story/the-us-can-slash-health-care-costs-75-with-2-fundamental-changes-and-without-medicare-for-all-2019-08-15

    Thanks.

  • rodney burke

    08/27/2019 11:21 AM

    bottom line on anything is "if cost doesn't matter then neither does quality." Health care that is paid by a third party does NOT give incentive for price OR quality. Procedures that cost 400 and the provider is only getting $300 is a losing proposition. But dems are too economically challenged to understand that. So let's get government removed from as much as possible and we can prove government interference is costly. does the department of Education come to mind? IRS, EPA?

  • Jerry

    08/27/2019 09:28 AM

    My thoughts about China Trade and the US is hold off making a deal at this time we need to send the strongest message to the Communists that Honesty still is very important in a trade agreement China the hyena it will steal anything it can and is considered to be vicious. So I say knock the Commies down a lot more before giving them anything. We will not have Trump for ever; just like an addicted drug user China needs to get to the bottom of their power status and start over with hope it can be trusted. China is not a competitor they want to conquer.

  • Darla Faulks

    08/27/2019 07:55 AM

    On insurance reform---if they would just go back to the 80/20 (patient pays 20%) like it used to be before HMO's etc. and it all went downhill after that. Back then, we had good insurance coverage and it didn't cost 2 arms and 2 legs and your neck! You knew what you had to pay up to a certain point and then it was 100% full coverage. That is what I would like to go back to. Yes--the consumer needs to be vested in their insurance so they will make sure they are not overcharged which is a lot of the cost of insurance today. Thank you for letting me vent! Darla

  • Ann Bruce Pineda

    08/26/2019 11:45 PM

    My favorite: "With all due respect, keeping quiet and valuing market stability over American workers is what led to decades of China ripping off the US. Trump is playing rope-a-dope, and it’s working. I suspect these same geniuses would have advised Muhammad Ali to just stand still and let his opponents punch him until their arms got tired."

  • Carl Smith

    08/26/2019 11:30 PM

    Skin in the game for health care! My spouse and we pay a combined $8273.36 for medicare and supplemental insurance. Thank Goodness we were able since we have both had open heart surgery and Stents over a period of 10 years.
    As for the upcoming elections how about having your team doing a deep dive on Herb & Marion Sandler, Progressive Peter Lewis and George Soros political campaigns "The Democracy Alliance, Sandlers Son-in-Law Steve Phillips and his association with the Rainbow Coalition, PowerPAC- and Democracy in Color ? The media is completely ignoring this move to turn America Socialist a.k.a. Progressivism?

  • Marie M Dahl

    08/26/2019 10:15 PM

    Have you read "The Cure That Works, by Sean M. Flynn? Everybody should read this book before we end up with Kamala Harris for our president. She, like many Democrats, promise things that they can't possibly deliver. The problem is that the Millenials who are over their heads in debt and want everything for free, make up the largest voting block in America, outnumbering even the baby boomers. They will be voting for Kamala Harris, not realizing what this will do to our country.
    All they care about is that their college loans will all be forgiven and everything else will be free.
    They have never learned that there is no free lunch. They just want what they want when
    they want it. In the meantime, all your savings, 401K's will all be wiped out along with Social Security and pensions. You could tax the rich at 100% and there wouldn't be enough money to pay for all the social programs that Harris will have in mind. We all better start praying that Harris never gets elected. Keep America Great!

  • Gregory Weinman

    08/26/2019 09:36 PM

    There are two problems with the proposed solution.
    The first and biggest is the McCarran Ferguson Act. That act gives states NOT the federal government regulation authority over health plans. The AHCA attempted to rectify this by giving states waivers for inventive solutions like Indiana's but was defeated by a spiteful GOP senator.
    The second is the complexity associated with medical procedures generates a much higher risk of coat overrun than, say, an auto repair. I underwent hip replacement. I'd had hip surgery before and knee surgery as well all without issue. But that time I lost 6 units of blood requiring an additional 4 days of hospitalization. A typical replacement at the time was 3/4 the ammout billed to my health plan.
    A provider can tell you a typical time and cost for their portion of a medical procedure. A hospital cant tell you the cost per hour of an operating room and a cost per day of a semi-private recovery room. However, none can tell you what your final cost will be because surprises like mine happen often enough. That's why providers tell you that your health plan has an out-of-pocket you must pay and little else.
    So you want a hip replacement. The surgon says the cost per our is $1. The surgon requires two assistants who charge $2 each. The anesthesiologist tells you the cost per hour of that professional service is $3 and the cost per liter of anesthetic is $4. The clinic or hospital tells you the cost per hour of their operating room is $5 and the cost per day of their inpatient rooms is $6. Each nurse tells you the cost of service is $7. The hospital advises you that additional expenses of $8, $9, and $10 are sometimes needed, The laboratory notifies you they may assess $1 when necessary. The resident advises you a $12 cost per day is typical. Supplies the hospital uses are typically $13, $14, $15, $16, $17, and sometimes $18, #19, or $20.
    My hip replacement surgery listed 4 pages of individually costed out items.
    Is that what you want to know?

  • Anne Turner

    08/26/2019 09:07 PM

    How right you are about health care. When one of first HMOs, and very successful one, back in sixties did not have any co-payments they found that people where coming in whenever they had to use a tissue to blow their nose. They said older people where coming in because they were lonely. They started charging a small co-payment for each visit, problem solved.

    I’ve long thought we do Medicaid all wrong as well almost all other types of welfare. There is a cut off amount of income, if you are on one side you get care, you go a dollar over, no care. This is dis-incentivizing as many times people absolutely must have the care so they give up opportunities because they would not make enough to afford any type of insurance. The argument would be that Obamacare took care of that. The premium would eat up any salary increase , plus really big copays. We could have done a stepped Medicare a lot cheaper than O care. I believe that Libs deliberately keep people poor just to gain power. Why can people not see that? I think many of the elites have never experienced having to build and save or struggled to gain their wealth. They simply think that if you are poor or ill you do not have the intelligence to make your own decisions.

  • Allen M Swatsworth

    08/26/2019 09:04 PM

    Governor, Enjoyed your evening report tonight. Just one comment. The link to Prof. Sean Masaki Flynn acticle came back as an error. I was interested in reading it. Keep up the great work in keeping us "Deplorable's" informed. God Bless

  • Dave Smith

    08/26/2019 08:39 PM

    link to the health savings article doesn't work, it should be: https://www.marketwatch.com/story/the-us-can-slash-health-care-costs-75-with-2-fundamental-changes-and-without-medicare-for-all-2019-08-15

  • Elaine K Ludowese

    08/26/2019 08:35 PM

    The link to the health care article - not available -got the following message =
    The page you have requested does not exist or is undergoing routine maintenance.

  • Gary Stilwell

    08/26/2019 08:33 PM

    If the Singapore health plan is so great, explain why the US doesn't adopt a similar(belay that--exact) plan ?? When you find something that works better than what you have, why in the world would you reject it out-of-hand????

  • Robin Kovachy

    08/26/2019 08:05 PM

    As a physician, government run healthcare is a very scary and depressing idea. I was interested in the link you mentioned by Professor Sean Flynn but could not open the site. How can I find it?

  • Ronnie Brackett ronniebrackett.com

    08/26/2019 07:40 PM

    I would like your opinion on this statement please. ...I KEEP POSTING THIS BECAUSE; I'm sure this is what democrat socialists are trying to do! *** They are trying to 'out-law' semi-automatic guns to the people... Any gun the government can have, the people should have. FBI, IRS, BLM, just bought thousands of AK47s ....THE 2ND AMENDMENT WAS NOT FOR HUNTING! It's to keep the people in control, not GOVERNMENT CONTROL! .................... REFUSE to get 'PERMITS' from the government. It's none of their business how we protect ourselves. The 2nd Amendment is our 'Permit' to carry'. 'PERMITS' are not THE WILL OF THE PEOPLE but GOVERNMENT CONTROL over our liberties and freedoms. ...We did not get a 'permit' from the British to keep our guns, when they tried to take them away. ...The men who signed the Declaration of Independence were in fact 'Out-Laws'. We too must be 'Out-Laws' to a corrupt government!... Little bit by little bit, they are chipping away at our Constitutional freedoms. ...Our CONSTITUTION puts LIMITS on GOVERNMENT; So now, what's keeping them from making a law to take away our 'registered' guns because they'll know who has them. That's what Hitler did to the Jews. WE MUST LEARN FROM HISTORY!

  • Marie Eier

    08/26/2019 07:40 PM

    I think your ideas toward health care are very good

  • Joann Maager

    08/26/2019 07:35 PM

    I wish we had the opportunity mentioned in Singapore for our country from the way you mentioned. Thank you for your commentary.

  • Stephen Russell

    08/26/2019 07:30 PM

    Revising Medicare:
    Place under a Corporation consisting of: Hospital chains, RX firms, Med schools, Biotech companies, HC plans, MedTech, Medical labs, Outpatient, Organic RX,
    Pre tentative Care etc all in One with

    Competitive rates among plans
    Latest MedTech
    Cost sharing
    All Govt is under plan IE Senate & Cong, White House
    Tier plans
    OK medical marijuana, exotic RX.
    & NON Govt run
    Run from estd Medical offices & hospitals in the offices area.
    Govt role: reduce Regulations for.
    & expand to Long Term Care.
    IT can be done
    & NOT raise taxes.
    Make Market style, Choices, nationwide,
    Meet Your needs.

  • Ray Dillon

    08/26/2019 07:25 PM

    It boggles the mind that the left is ready to destroy our free market economy AND our freedom by socializing medicine, education, energy, and whatever else they think they can get away with!

  • Gerald Muckelrath

    08/26/2019 07:19 PM

    Superb!

  • Brad Foster

    08/26/2019 05:56 PM

    I am very glad president Trump is standing tuff with china and not backing down from nobody. He is getting my vote in 2020 again..