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What is reconciliation?
Some friends and commenters have asked for a crash course on reconciliation. Here it is, in two parts.
A health care fallback strategy, or merely a messaging shift?
The President and Speaker Pelosi have shifted their health care message for the August Congressional recess. I disagree with those who say this is a new strategy. It's a new message to try to sell the same strategy, and with the same desired policy outcome as we've seen over the past few months.
The Administration’s flawed health care argument threatens their fiscal policy strategy
The Administration's health care reform and fiscal policy strategies are based on flawed premises. When neutral and non-partisan referees like CBO point out these flaws, both strategies collapse. The damage to the President's health care reform effort is evident. I think the damage to his fiscal policy strategy will soon become apparent as well.
Understanding second quarter GDP
Real GDP shrank at a 1.0 percent annual rate in the second quarter of this year.