September 2009
10 posts
1 tag
The Public Option Lives On
Tomorrow (Tuesday) is a critical day in the saga of the public option. Democrats Charles Schumer (New York) and Jay Rockefeller (West Virginia) are introducing an amendment to include the public option in the bill to be reported out by the Senate Finance Committee — the committee anointed by the White House as its favored vehicle for getting health care reform.
Before you read another word,...
Why the Dow is Hitting 10,000 Even When Consumers...
So how can the Dow Jones Industrial Average be flirting with 10,000 when consumers, who make up 70 percent of the economy, have had to cut way back on buying because they have no money? Jobs continue to disappear. One out of six Americans is either unemployed or underemployed. Homes can no longer function as piggy banks because they’re worth almost a third less than they were two years ago. And...
Why Olympia Snowe Should Vote Against the Baucus...
How is it that a decision next week by a single Senator from Maine will almost certainly determine whether America’s future healthcare system is still in the hands of private for-profit insurance companies and Big Pharma or enables more Americans to get better health care at lower cost? Bear with me, because you need to know what’s likely to happen if she signs on, and if she...
The Continuing Disaster of Wall Street, One Year...
As he attempted to do with health care reform last week, the President is trying to breathe new life into financial reform. He’s using the anniversary of the death of Lehman Brothers and the near-death experience of the rest of the Street, culminating with a $600 billion taxpayer financed bailout, to summon the political will for change. Yet the prospects seem dubious. As with health care...
The Final Sprint for Health Care Has Now Begun,...
The real political race for health care has just begun. The significance of the President’s speech to Washington insiders was its signal about where the White House is placing its bets and its support. More on this in a moment. First, let’s be clear about who’s racing and why. Think of the speech as the starting gate of a two-month sprint between two competitors — and...
The Snowe Job, and Why a "Trigger" for a Public...
I was just on the phone talking with a reporter for a national media outlet who referred to Senator Olympia Snowe’s idea for a public option “trigger” as the “centrist position.” Whoa. When the mainstream media start naming something as “centrist” the game is almost over because just about everyone with any authority in our nation’s capital wants to...
The Lessons from History on Health Care Reform
With Congress returning from recess to consider health care legislation and the President set to deliver a major address on the subject to both houses of Congress tomorrow, a bit of history may be in order. An excellent starting place David Blumenthal’s and James Marone’s “The Heart of Power,” which I reviewed for the New York Times this past weekend. Here are the major...
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The Real News About Jobs and Wages -- An Ode to...
Why aren’t we hearing more about the worst job and wage situation since the Great Depression? The latest employment figures (released this morning) show job losses continuing to grow. According to the payroll survey, job losses are increasing more slowly than in previous months. According to the household survey, they’re accelerating — from 9.4 percent of the workforce in July to...
What Obama Must Demand from Congress on Health...
Congress returns next week to one of the fiercest and most important debates in recent memory — whether and to what extent the nation will provide health care to all Americans, and how we will reign in the soaring costs of health care overall. But do not expect unusual courage from this Congress in standing up to demagogic lies and money-toting lobbyists. An unusually large portion is facing...
