I THINK OBAMA'S SUDDEN CONVERSION TO TACKLING UNIVERSAL HEALTH CARE AFTER BARELY MENTIONING IT DURING THE ELECTION IS HIS CONVERSION TO REALITY BASED ECONOMICS...
THE NOTION THAT YOU CAN GOOSE THE ECONOMY WITH PORK AND GOVERNMENT CHECKS IS JUST NONSENSE...
THE STRUCTURAL PROBLEM OF AN UNCOMPETITIVE HEALTH CARE SYSTEM...WHICH BY THE WAY IS THE REAL REASON DETROIT CAR COMPANIES CAN'T COMPETE...IS NOW APPARENT...
OBAMA WILL HAVE TO GO AFTER FREE TRADE AT SOME POINT... TO CUT THE TRADE DEFICIT WHICH IS KILLING THE US ECONOMY SLOWLY...
BUT HE IS GOING TO NEED TO HAVE THE US ECONOMY "SHOVEL READY" ... FOR THE RETURN OF FACTORY JOBS TO AMERICA ....SO THAT AMERICANS CAN COMPETE GLOBALLY...AND THAT MEANS A GLOBAL QUALITY UNIVERSAL HEALTH CARE PLAN...
OBAMA SEEMS TO REALIZE THAT YOU SIMPLY CAN'T TREAT THE SYMPTOMS IN THIS ECONOMY...LIKE THE "WEAK CONSUMER"....
OBAMA HAS TO GO AFTER THE REAL CAUSES AND THE UNDERLYING DISEASE...WHICH IS A US ECONOMY THAT IS STRUCTURALLY A BASKET CASE...AFTER TWENTY YEARS OF RAY-GUN-OMICS!
AND YES...THE "ZOMBIE BANKS" ARE JUST A CARRYOVER FROM THE OLD DAZE OF ASSET BUBBLES... SO "CURING" THEM WON'T DO MUCH EITHER...UNLESS THE UNDERLYING "BUBBLE" DISEASES ARE TREATED FIRST...
BECAUSE RENEWED MANUFACTURING PRODUCTION...AND NOT MORE ASSET BUBBLES...IS THE ONLY WAY OUT FOR THE US ECONOMY...
OR, IS SUCCESS FOR THE FAILED BANKING SYSTEM REALLY JUST MAKING THEM "ASSET BUBBLE" READY AGAIN...?
I DON'T THINK SO...
