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Archive for June 23rd, 2012

What Could Happen to the Health Law?

Posted in Main Blog (All Posts) on June 23rd, 2012 11:08 pm by HL

What Could Happen to the Health Law?
Karen Tumulty, Washington Post
Though no one outside the Supreme Court has an inkling how it is going to rule on President Obama’s health-care law, the political fallout — at least initially — is easy to predict.If the law is upheld in full, the decision will be hailed as a triumph for Obama and his leadership. If it is struck down entirely, Republicans will claim vindication in their unanimous opposition to what they see as a massive overreach of government.

Moral Hazard: Is Anyone Allowed to Fail?
Lane Filler, Newsday
Twice in the past 10 days, JPMorgan Chase chief executive Jamie Dimon has appeared before a congressional committee. He was summoned to talk about massive losses his bank suffered, and is continuing to suffer, because it put money in investments so complex they carried risks that Dimon himself, and his genius money trolls, didn't understand.Leaving aside the idea that there are now investments so complex the world's top financial minds don't have any idea how much they'd cost if they blew up like Alec Baldwin near a photographer — and there are many such instruments –…

Chris Christie’s Tenure Coup

It’s Not Mitt Romney’s Party
Joan Walsh, Salon
Florida Gov. Rick Scott just keeps touting his state's improved economy, even after a Bloomberg report that Romney campaign officials asked him to stop it because it doesn't help make the presumptive GOP presidential nominee's case that the country's gone to hell under Barack Obama. Scott denies he received such a request from Romney "“ but either way, he continues to hail Florida's turnaround.This comes on the heels of Sen. Marco Rubio essentially endorsing President Obama's decision to halt deportations of young people brought to the U.S. by…

For Full Repeal, Obama Must Be Defeated
Noemie Emery, Weekly Std
In the event the Supreme Court does not put Obamacare out of our misery next week, Mitt Romney ought be ready to roll with the punches and come out at once with Plan B. Plan A was to have the Court sever it neatly with one swing of the axe, but there was always the possibility the Court would not follow the returns of the recent elections. Plan B should be the political process, which involves not the minds of nine, but the intent of millions, expressed in the usual ways. Thus, Plan B should be to elect politicians who will undo Obamacare with the tools given their branches of government. And…