and also author of the book, economics. john was just talking about brexit and the european markets. let s talk about this. i was freezing at downing street yesterday, it seems apt. how much is riding in terms of the markets in the u.k. and in europe on getting a deal this week on signing this off? it s interesting. when an agreement came back, supposedly, with the full acceptance of the e.u., 27, and the negotiators in the u.k., the markets seemed happy. there was at least some progress. and the pound recovered a little bit. and then, of course, everything went wrong, given that we ve had so many resignations from the cap n cabinets and other items from the ministers. and the challenge for theresa may s leadership.
failure of individuals with respect to health insurance. there is hereby imposed a tax on the failure of any individual to comply with section 1501. that, my friends, that is an individual mandate. as far as i can tell, it s the first individual mandate to appear in the united states congress, and it was in the republican alternative to the clinton health care plan that was co sponsored by the republican leader of the u.s. senate. but it wasn t the last individual mandate. the last individual mandate remained at the center for health care thinking for the next two decades. it was in the plan that newt gingrich released when he ran the center for health care transformation. the real foundation, the most important part of this, is individual rights, spaublthds, and expectation of behavior. we believe that there should be must carry, that it everybody should have health inshrngs or if you re an absolute libertarian, we would allow you to post a bond, but we would not
the individual mandate wasn t the only time we have seen this happen in recent years. if you look at almost all of the major palmacies associated with the obama administration, they were in the past five years policies that major republicans supported. today, for instance, republicans almost university oppose a cap and trade plan, but you know who first introduced a cap and trade plan into the senate, republican senator john mccain, and you know who had one in the 2008 presidential platform, john mccain. you know what he thinks of cap and trade now? cap n tax. very clever. they say deficit stimulus finance doesn t work. they oppose the theory behind it. they say you would only believe that but in 2008, george w. bush pushed and signed the, wait for it, the economic stimulus act of 2008, the $157 billion deficit