James Pethokoukis

Politics and policy from inside Washington

Jimmy P’s Top Ten blogs posts of the day

June 18, 2009

1) What is the surge in health insurance stocks telling us. Frances Cianfrocca thinks he knows.

2) Matthew Yglesias thinks Republicans think killing healthcare will make it 1994 redux.

3)  Hans Bader noticed that the Obama administratin is doubling down on the Community Reinvestment Act.

4) College-educated workers outside of HealthEdGov are getting killed, explains Michael Mandel.

5) Mark Perry of Carpe Diem asks a question and makes an intriguing point

With $50,000 or more in household income, wouldn’t many or most of those 17.6 million uninsured households be without insurance voluntarily? That is, couldn’t most of those households afford health insurance? Alternatively, with those income levels (especially the 9 million with income above $75,000), couldn’t many of those households choose to forego health insurance in favor of being “self-insured,” at least for routine health procedures? Given the widespread availability of more than a thousand convenient and affordable retail health clinics around the country at Wal-Marts, Meijers, CVSs and Walgreens, these households could easily be on the “pay-as-you-go” model of self-insurance for health care.

6) My pal Barry Ritholtz rips the Obama financial reform plan.

7) Ezra Klein makes some point  or other about financial regulation. But he does mention the Green Lantern.

8) Scott Grannis (Calafia Beach Pundit) is exactly right

While we have very likely seen the end of the recession, the question going forward is how strong the recovery will be. So far, numbers like this don’t say much more than that it will a gradual recovery, not a V-shaped one. But even a gradual recovery is far, far better than the depression everyone was worried about at the end of last year. The reality has proved to be orders of magnitude better than the fears, and that is the big reason that equity markets are up and bond yields are up. Even though the reality (modest growth from a low base) seems not very exciting.

9)  David Goldman (Inner Workings) on deflation and inflation:

High savings rates are deflationary. Savings postpones consumption. Savers forego consumption of present goods for future goods by purchasing securities rather than current production. That drives down the price of current goods and increase the price of future goods (bonds). Japan’s great deflaton of the past 20 years is in part the result of persistently high savings rates due to the country’s extremely high savings rates. Japan’s population is so old that it will begin spending down its savings, and its deflation should moderate. But the deflationary impact of higher saving in America is a powerful counterweight to the inflationary impulses coming from the government and central bank.

10) Keith Hennessey explains the “coop” approach to heatlthcare reform.

Comments

There is a lot of talk regarding ‘lessons learned’ from this ‘recession/depression’. However until our society figures out a way to ‘be happy’ without resorting to consumption we will repeat the past. And on a larger scale. Image if only half of the rest of the world wanted to copy the life style of Americans. Global warming?? Shortage of resources? Lack of drinking water? The planet just could not support it. The question is, can we be happy without shopping for bigger/flasher/newer ‘things’? Can happiness be found in community? In family? Can the fellowship of Man replace walking the Mall? If not, I fear we will not have a happy future.

Posted by jon markoulis | Report as abusive
 

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