The Healhcare Crysis
Sunday, July 12th, 2009How did this insurance thing happen, anyway? It doesn’t deliver one ounce of health care.
So how did 45 or 50 million people end up without insurance?
The answer and the solution are complex, yet are based on something very simple: Supply and Demand. The insurance problem is all about weak demand for labor. How weak is demand for labor? There are now 6 job seekers for every job opening.
I remember when most American companies supplied their workers with health insurance. There were a number of reasons for this, but mainly it was a matter of demand. Companies couldn’t attract workers if they didn’t offer some kind of benefit package. The corporations also received tax incentives to do this, as they do now. What has broken is the demand for labor. And the reason for this breakage is the direct result of supply side thinkers. I recommend reading Ravi Batra if you wish to learn more about this. And unfortunately, Obama has some real supply side tendencies — although nothing compared to the conservatives.
What does this have to do with healthcare?
Everything!
We have now lost more jobs during this “economic cycle” than all the jobs created since 2001.
http://www.epi.org/publications/entry/jobs_picture_20090702/
I could go on for 50 or 60 pages, but suffice it to say that the issue with healthcare, the 47 to 50 million uninsured are a symptom of this economic crisis.
Now for a treat… This sums it up.
http://www.youtube.com/watch?v=pKv6RcXa2UI
ATTENTION, POLITICIANS: You cannot fix the economy by acting like conservatives. It will not work (or haven’t you been paying attention).
No money to the DCCC until I see the result of the voting.
As for the DSCC, dido.
Back to the economy.
Without a vibrant economy, meaning a resurgence of a manufacturing base, we will continue to see dwindling health insurance offered by corporations. This means we must have a public option because we are paying for it anyway.
The problem with healthcare is a symptom of economic conditions. Conservative Democrats are misguided if they believe they will retain their seats by re-enforcing the policies that put us here in the first place. This conservative economic thinking is sinking our country fast. It’s time to do what works and quit embracing the current brand of conservatism.