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Healthcare Reform IS The Economic Stimulus We Need

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healthcare reform. there is no time to waste

let's hope the ambulance is coming because there is no time to waste

In today’s NYT, Paul Krugman wonders why we haven’t heard more about major healthcare reform in the first few days of the new administration. His concern is that the economic crisis will only make the oncoming healthcare catastrophe that much more severe. It’s a very good point. Krugman surmises that perhaps solving the economic meltdown is dominating the agenda to the exclusion of almost everything else.

But Krugman doesn’t go far enough. What he fails to mention is that solving the healthcare crisis will, over the medium term, will dramatically help overcome America’s deep economic weaknesses.

It goes like this. Regardless of the plan adopted, and it’s most likely to be a build on Obama’s idea of offering a competitive government plan that will release the grip on our healthcare held by profiteering private insurance companies, the new system will have a very significant downward pressure on healthcare costs. Read the rest of this entry »

Gordon Brown Is Back!

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scotland the brave

It was British Labour Prime Minister Harold Wilson who coined the term “A week is a long time in politics”, and while Gordon Brown’s astonishing turnaround as British Prime Minister has taken a little longer than that, it has been truly remarkable.

When the British public turn on their leaders, they do it with a viciousness that’s positively medieval. A year ago, Gordon Brown was political poison. In the great tradition of British politics, his Labour Party was openly plotting his demise in the tea rooms and bars of Westminster. His demise was expected in a matter of weeks, and his stoic Scottish demanour combined with an almost uncanny lack of political savvy conspired to hasten it.

But then something happened. Gordon found his mojo. Starting with an unexpectedly stirring keynote speech at the Labour Party Conference in September, Brown began to take on his critics in the best way a leader can, by being exactly that – a leader. The speech was a dignified mea culpa of his mistakes and failings, combined with a cogent vision for the future, and it stopped the bleeding.

The speech was followed by another masterstroke. Amid the flailing response by Hank Paulson, the Bush Administration and Congress to the galloping credit crisis and precipitous market collapse, it was Gordon Brown’s plan to buy stakes in the UK banks that, overnight, calmed the waters. First, the Euro-zone and then, unwillingly, the US, followed the Brown plan, and the immediate panic dissipated, virtually overnight. Brown’s status as British political whipping boy was replaced by a standard grudging acceptance by the grudging Brits that he did, well, okay. Read the rest of this entry »