In a last-ditch effort to corral additional votes in support of repealing and replacing the Affordable Care Act, CNBC and “unnamed senior members” of the House of Representatives floated my header for this post. While I can understand the politics behind this headline … the sponsors are trying to scare up support for the bill, what I cannot understand is why CNBC would give it the light of day. For one thing the folks at CNBC know good and well that there is zero equivalency in the events surrounding these two crises. In 2008 we were struggling to keep a teetering world financial system afloat. Whether we slapdash address healthcare today or spend the needed time to put together really workable reforms is of no consequence to the economy of the world. Why? Because most of the other countries of the world have already dealt with healthcare.
Don’t get me wrong this is a serious problem (just not of 2008 magnitude). Just because you promised repeal and replacement does not mean it has to be done today. We need to spend serious non-partisan time trying to institute reforms to the heath care act that makes it work for all Americans. And, certainly, a thumbs-down on today’s proposal is not the end of the world, a la our unnamed senior Congressional source.
Here’s a little flavor from the report:
It happened in real life on Sept. 29, 2008, when the House first voted on a Wall Street bailout intended to stem the financial crisis. In a swirl of uncertainty, Republican members stampeded to “no,” defeated the measure and watched the Dow tumble by more than 700 points. The same thing could happen on the GOP health bill, a veteran member told CNBC on Thursday — only bigger.”
Importantly, John Harwood (the article and video) in his reporting raises the bigger issue of the ability of the GOP to govern now that they have power. If they can’t do this, maybe they can’t do tax reform or infrastructure. These are important issues if you have not thought about them before. I have. I believe that there is a lot good already going on in the US economic recovery that will be bolstered by the deregulation piece, something Congress does not have to approve. I believe that we may be in a synchronized world-wide economic recovery that, unless the GOP passes restrictive tariffs (Unlikely Period), will continue and be to our benefit. I believe the only way to solve any of our problems is bi-partisan cooperation and that the current tone and disarray in the Trump Administration might actually drive this. The White House seems to be uniting the parties.
Who cares if Republicans can govern on their own? It is the peoples’ representatives, regardless of party, that should be governing in the best interest of their constituents.
Finally, CNBC should be ashamed of the headline, content and tone of this article.
What do you think?
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