Health Care Law Now Faces Biggest Challenge: American Consumers By Scott Rasmussen
President Obama handily defeated congressional Republicans in the political fight over his health care law. But the law will now face a much tougher opponent.
President Obama handily defeated congressional Republicans in the political fight over his health care law. But the law will now face a much tougher opponent.
The Dow set a new high on Tuesday, but the larger economy is a different story. What if today's sluggish economic growth turns out to be the new normal? That's the unsettling question asked by some of our most creative economic thinkers.
And the people asking it are not necessarily partisan opponents of the Obama administration. They argue that economic growth rates were disappointing even before the financial collapse and recession of 2007-09.
Take Tyler Cowen, author of the e-book (belatedly published in print) "The Great Stagnation." Economic growth is the product of increases in the labor supply and productivity, he argues uncontroversially.b
"Most of the media is so sold out to Obama that they're missing the obvious," Jim DeMint said on Fox News only last week. "The policies the president has in place, especially the tax increases that just got in, are going to hurt our economy, probably actually bring it down." The former Republican senator from South Carolina was speaking as president-elect of the Heritage Foundation, a conservative think tank.
If you're reading this, you've survived the "sequester" cuts!
That may surprise you, since President Obama likened the sequester to taking a "meat cleaver" to government, causing FBI agents to be furloughed, prosecutors to let criminals escape and medical research to grind to a halt!
The media hyped it, too. The NBC Nightly News said, "The sequester could cripple air travel, force firefighter layoffs -- even kick preschoolers out of child care!"
The sequester may be "dumb," as the president says, but one thing it is, is interesting. Especially the politics.
First off, it slashes defense spending, which Democrats want and most Republicans don't. With the exceptions of Hawaii and Maryland, the deepest defense cuts are being felt in the red (or purple) states so intent on shrinking government.
Irony abounds. Note the spectacle of red-state politicians fighting off tax hikes that would hit hardest on the blue states, where incomes are higher.
Let's talk about Virginia, whose economy will be most hurt by the squeeze on civilian defense jobs. Thanks to the war on terror, a civilization of gleaming new office towers had spread across its northern countryside. No doubt these people are doing useful work, some of them. But inadequate attention has been paid to what the taxpayers were getting in return.
Do we have a president or a perpetual candidate? It's not an entirely unfair question.
Even as Barack Obama was warning of the dreadful consequences of the budget sequester looming on March 1, he spent days away from Washington, apparently out of touch with Democratic as well as Republican congressional leaders.
In the meantime, Obama fans were lobbing verbal grenades at none other than The Washington Post's Bob Woodward.
The latest dispatch from the food wars: For those at high risk of heart disease, following the Mediterranean diet results in 30 percent fewer heart attacks and strokes. Focused on nuts, beans, fatty fish, fruits and vegetables -- all washed down with olive oil and wine (separate glasses, please) -- the diet is said to be more effective in combating cardiovascular disease than the low-fat regimens now in vogue.
To borrow a phrase, Mainstream America and Washington's Political Class have become two nations separated by a common language. This gap was highlighted by a recent Pew Research Center poll showing that "for 18 of 19 programs tested, majorities want either to increase spending or maintain it at current levels."
Indebted America is in danger of turning into destitute Greece, or so congressional Republicans and conservative commentators have been warning us for years now. For many reasons, this is an absurd comparison -- but it may not always be quite so ridiculous if Washington's advocates of austerity get their way
The Republicans actually want to impose Greek-style budget slashing on the United States. And the federal budget sequestration scheduled to take effect next week could represent the first serious step here toward the kind of fiscal policies that have proved so ruinous not only in Greece -- raising unemployment, destroying hope and encouraging extremism -- but across Europe.
Barack Obama is said to believe that he can win the political fight over the sequester. That's certainly the conventional wisdom.
Last week, Conservative pundit Ann Coulter told me and a thousand young libertarians that we libertarians are puss- -- well, she used slang for a female body part.
We were in Washington, D.C., at the Students for Liberty conference, taping my TV show, and she didn't like my questions about her opposition to gay marriage and drug legalization.
"We're living in a country that is 70 percent socialist," she says. "The government takes 60 percent of your money. They take care of your health care, your pensions ... who you can hire ... and you (libertarians) want to suck up to your little liberal friends and say, oh, we want to legalize pot? ... If you were a little more manly, you'd tell liberals what your position on employment discrimination is."
When folks pan the Affordable Care Act for being nearly 3,000 pages long, here's a sensible response: It could have been done in a page and a half if it simply declared that Medicare would cover everyone.
The concept of Medicare for All was pushed by a few lonely liberals. And it would have been, ironically, the most conservative approach to bringing down health care costs while maintaining quality.
For years, most Americans' vision of history has been shaped by the New Deal historians. Writing soon after Franklin Roosevelt's death, Arthur Schlesinger Jr. and others celebrated his accomplishments and denigrated his opponents.
They were gifted writers, and many of their books were bestsellers. And they have persuaded many Americans -- Barack Obama definitely included -- that progress means an ever bigger government
There's a panic bubbling to the surface in Washington, D.C.
It's being brought about by the so-called sequester, scheduled to take effect next Friday, March 1. The sequester, a series of automatic across-the-board spending reductions, is a gimmick the politicians came up with in 2011 to force themselves to reach some kind of long-term deficit reduction deal.
One of the interesting things about recent elections is that Republicans have tended to do better the farther you go down the ballot.
They've lost the presidency twice in a row, and in four of the last six contests. They've failed to win a majority in the U.S. Senate, something they accomplished in five election cycles between 1994 and 2006.
But they have won control of the House of Representatives in the last two elections, and in eight of the last 10 cycles.
And they've been doing better in elections to state legislatures than at any time since the 1920s.
Savvy Republicans know that something is deeply wrong with the GOP -- frequently mocked these days by Republicans themselves as "the stupid party" -- which has lost the popular vote in five of the last six presidential elections. Some have noticed as well that their congressional majority is so widely despised -- its main achievement being historically low public approval ratings -- as to be sustainable only by gerrymandering. During the last election cycle, those fearsome Republican super PACs, funded by the overlords of Wall Street and Las Vegas, spent hundreds of millions of dollars -- with no discernible impact on an alienated electorate.
President Obama has new priorities. That means new spending.
In his State of the Union, he said, "The American people don't expect government to solve every problem." But then he went on to list how, under his guidance, government will solve a thousand problems, including some (like climate change and a loss of manufacturing jobs) that are probably not even problems.
SEATTLE -- Lunch hour in the South Lake Union neighborhood. Workers walk dogs they can take to the office. Lines form in hip restaurants. Something big is going on here, but the only sure sign of a major employer is the many blue ID cards hanging out of jackets.
Barack Obama has said that he wants to help Democrats win back a majority in the House of Representatives. He says he looks forward to Nancy Pelosi being speaker again.
If he does work hard to elect House Democrats, it will be a change from 2010 and 2012, when he didn't do much at all for them.
But let's say he does. What are the chances of success?
Certainly not zero. Democrats need to gain 17 seats to win a House majority of 218. That's fewer than the number of seats that changed party in 2006, 2008 and 2010.
MEDFORD, Ore. -- "Obama says he's going to make middle-class jobs," the breakfast room troubadour bellowed at the Holiday Inn Express to those who wanted to listen -- and to those who didn't. "Did he make your job?" he went on, cornering a female employee. "Private companies make jobs."