Nice analysis by Jay Cost on why Obama should not have been blindsided by Democrat opposition to Obamacare.
Health care politics
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Nice analysis by Jay Cost on why Obama should not have been blindsided by Democrat opposition to Obamacare.
Previous post: Never mind
Next post: Krugman on the debt
{ 4 comments }
Healthcare, it isn’t healthcare. It almost seems like payback time on the people.
http://www.youtube.com/watch?v=G44NCvNDLfc&feature=player_embedded
Do the copy/paste thing and look at a 3 minute video of Congressman Rogers laying it on the line.
Then take a look at this one:
http://www.dailymail.co.uk/news/article-1208716/Half-GPs-refuse-swine-flu-vaccine-testing-fears.html
Half of the U.K. General Practitioners refuse the Swine Flu Vaccine.
Obama is in over his head, which was entirely predictable and was predicted by wiser people than the democrats, for sure; however the democrats are in over their head because they made their move about 15 years too soon. The American people are not quite ready for those shackles and manacles of total government control, surprisingly enough there are still a majority that doesn’t trust government.
Common sense, though extremely weak and on life support, seems to not be dead yet.
I don’t know what to think of Americans. They just got done voting for the guy, and now that he’s doing what he said he’d do, they don’t like him anymore.
A: “I’m going to do X.”
b: “Did your HEAR what A is going to do? He’s going to do X!”
A: “I didn’t say X. HOPE! CHANGE!”
a: “See… he DIDN’T say X! You are a hater and a liar.”
b: “But he clearly said X.”
A: “X!”
b: “He said it again!”
a: “Fascist! Liar!”
b: Now that is Audacity.
I’m surprised you liked this analysis. Cost notes that World War II was a necessary war. Does the economy “know” whether you built up a deficit for good reason or bad? Aside from spending money on productive investments, I think the economic performance after a good war is a good indicator of performance after a bad bailout. Cost also notes that it was easy to reverse the World War II deficit by cutting defense spending, but that does nothing about the accumulated debt, which is the subject under discussion.
The only valid implication of Cost’s analysis is that we should have a plan for limiting further growth of the debt. Even before the recent crisis, Congress had no plan for dealing with the looming Medicare deficits. Congress didn’t even have a plan to create a plan. Although lower deficits would be good, I think the evidence (much as I hate to say it) is on Krugman’s side here.