Archive for July 14th, 2009

By JC

“…We’re going to see  continuing  job loss, even as the economy is beginning to stabilize.” –President Obama speaking at Macomb Community College in Warren Michigan this afternoon.

I see this as the ultimate oxymoronic statement. I daresay that for those hundreds of thousands of people who are losing their jobs this month, and the millions more unemployed by year’s end, that the economy is doing anything but “stabilizing.” Of course, maybe if you are a stockholder or employee of Goldman Sachs, and reporting record profits since 2007, things are looking pretty rosy right about now.

Maybe the stimulus is working as planned…

And nice news blurb during a break during the Sotomayor hearings. Only one person arrested so far today, as best as I can tell.

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By JC

Paul Waldman had a good take on the health reform debate last week at The American Prospect. His central point is that what people really need is health security, and to the degree or not that health insurance and/or a public option provides that, is the degree by which we can gauge the success of health care reform.

…for the most part, we haven’t heard the best argument for a public option: security. It’s what ought to be at the center of this debate, and it’s the one thing private insurance companies will never offer.

For a nation that was so focused on national security for so long, where the conservative rallying cry was to do anything to protect the homeland, I really can’t fathom why the conservative and republican point is to deny health security to our own citizens. I can think of no better form of national security, on the domestic side, than to provide a system by which our citizens gain health security.

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By JC

Jay over at LitW opens up today with a rift between Ms. Palin’s and Paul Krugman’s ideas on cap & trade:

“it appears Palin thinks cap-and-trade legislation’s primary goal is about achieving energy independence…”

It’s not surprising that Palin would do so, given that Alaska is totally dependent on oil development. And Krugman took a stab at looking at the political implications of passing a cap & trade policy through Congress in his Monday column:

And while a major environmental bill has passed the House… the bill fell well short of what the planet really needs…

What makes the apparent paralysis of policy especially alarming is that so little is happening when the political situation seems, on the surface, to be so favorable to action…

And let’s be clear: both the president and the party’s Congressional leadership understand the economic and environmental issues perfectly well. So if we can’t get action to head off disaster now, what would it take?

What makes this all so, well, predictable, is that the argument has been reduced to one of: to cap & trade or not? If it weren’t for the competing proposal of a carbon tax, one might think that cap & trade is the progressive position. Much like with the health care debate, and the jettisoning of single payer as a point by which to begin the discussion, the carbon tax has been ignored as being too radical of a notion.

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