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Responding to the Vice President’s op-ed
We need the macroeconomic benefits of the stimulus now. The Administration is in a box because they want to argue that the economy has improved because of their policies, and that the stimulus has contributed to that improvement, but they cannot show that enough stimulus money has yet entered the economy to have a measurable effect.
CBO kills the President’s Medicare commission proposal
In a letter to House Majority Leader Steny Hoyer, CBO estimated the President's "IMAC" Medicare council proposal would save only $2 billion in the short run, and would generate only "modest savings" in the long run. CBO's letter killed the President's IMAC proposal, which probably would have died anyway.
More health care stumbling by Team Obama
In today's Wall Street Journal, Kim Strassel brilliantly identifies four key mistakes made by the President and his team in their health care legislative effort. Here are six additional health care stumbles by Team Obama, rounding out Kim's list to an even ten.
New health insurance mandates would increase premiums
The President once again correctly identified the core problem, and I compliment him for his emphasis on the need to reduce, or at least slow the growth of, private health insurance premiums. Unfortunately the House and Senate bills move in the opposite direction. They contain insurance mandates that would make private health insurance more expensive for most Americans, and would thus exacerbate the problems described by the President.