Chris Dodd exposes Mitch McConnell’s lies regarding the senate financial regulation bill. Then Krugman goes in: In 1930, U.S. officials stood aside as banks failed; the result was the Great Depression. In 2008, they stood aside as Lehman Brothers imploded; within days, credit markets had frozen and we were staring into the economic abyss. So [...]
So they insist that the two plans have nothing in common — but the only real difference they can point to is that Massachusetts didn’t fund its plan in part out of Medicare savings. Of course, it couldn’t. But think about this a bit more: Republicans are saying that what makes Obamacare a socialist takeover, [...]
In the New York Times, Paul Krugman brings up another reason we may fall behind as a power in the free world: increasingly deteriorating quality of public education. It is an excellent Op-Ed and points to Obama’s next big domestic challenge, whether or not anything gets done with health care.