Archive for the ‘health insurance’ Category

Even if Obama’s Perfect, Economy May Continue to Drag

November 9, 2008

This is one hell of a way to win.

Barack Obama owes his victory in large measure to the prospect of the longest and deepest economic downturn in a quarter-century and perhaps since the Great Depression. If he performs well, he could become a great president. If he flubs it, he could get the same reception as Jimmy Carter. In the crassest political terms, it was good luck to have the financial crisis hit so close to the election. But Obama’s lucky streak will end in a hurry if he can’t find a way out of this mess. He will also have to manage expectations: Even if he does everything perfectly, we probably won’t turn the corner for 18 months, and the downturn could last far longer than that.

By Joseph Stiglitz
The Washington Post
Sunday, November 9, 2008; Page B03

The first task facing President-elect Obama, after eight years of misguided economic policies, will be to begin the recovery — or at least forestall a further decline. It won’t be easy. Some 1.2 million jobs have already been shed this year, and some three-quarters of a million Americans are about to exhaust their limited unemployment-insurance benefits. By October, only 32 percent of unemployed Americans were receiving unemployment checks. To make matters worse, when Americans lose their jobs, they typically lose their health insurance, too. Meanwhile, 3.8 million homes are under foreclosure, and states are facing massive revenue shortfalls; without assistance, they will have to cut spending, plunging the economy deeper into recession.

Obama keeps people guessing on missile shield amid Russian threats
AFP/File/Stan Honda

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http://www.washingtonpost.com/w
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Hillary’s Potential Fatal Flaw In Iowa

January 3, 2008

 By Robert D. Novak
The Washingon Post

Thursday, January 3, 2008; Page A19

Sen. Hillary Clinton faces tonight’s Iowa caucuses not as the inevitable Democratic presidential nominee but seriously challenged by Sen. Barack Obama, thanks in no small part to committing a strategic error: premature triangulation. The problem is reflected in what happened to a proposal for a simplified, though far-reaching, health-care plan.

 Health care is a particularly sensitive issue for Clinton. Her failed 1993-94 plan is blamed inside Democratic ranks for the Republican takeover in the ’94 elections and for freezing the entire health-care issue for a decade. While her current call for mandatory health-care coverage might seem radical, it is criticized on the left as embracing “shared responsibility” with private health insurance firms (similar to plans by Republican Govs. Mitt Romney in Massachusetts and Arnold Schwarzenegger in California). That looks like triangulation.

Read more:
http://www.washingtonpost.com/wp-dyn/content/article/2008/01/02/AR2008010202487.html?hpid=opinionsbox1