Saturday, April 16, 2011

Comic Book Politics in US as Seen by Financial Times

link here to article

Clive Crook calls it as he sees it. The US Constitution was set up to make big changes in the country very difficult. That is what the checks and balances are about. Consequently, the system depends upon compromise. With the advent of the tea partiers, the GOP has moved to the far right and there is little room for compromise with a center-right democratic president who they have painted as a socialist. Everyone knows that healthcare inflation is the major problem in achieving fiscal stability. The GOP plan does nothing to contain healthcare inflation or to resolve the long-term deficit problems. It reduces the deficits by shifting the burden of healthcare inflation from the government to Medicare beneficiaries. That of course will be politically untenable when it occurs so it won't work as planned. The Obama healthcare plan has some features that actually deal with price inflation but it is regarded as cost containment-lite.

We thought that we got rid of our image problems to the rest of the world when we got rid of W. We still look to the rest of the world like a third world country. The problem for the rest of the world is that the country with comic book politics has the most powerful military force in human history.

No comments:

Post a Comment