tag:blogger.com,1999:blog-36646589.post2626345991026039274..comments2023-10-30T19:03:59.225+01:00Comments on David Seaton's News Links: Hope and no money has got to be better than no money and no hope... I hopeDavid Seaton's Newslinkshttp://www.blogger.com/profile/00269813419598042699noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-36646589.post-69150898622106532452008-10-14T19:08:00.000+02:002008-10-14T19:08:00.000+02:00You have expressed the pessimistic view very well....You have expressed the pessimistic view very well. Here is the optimistic view:<BR/><BR/>Unlike in the depression, the federal reserve and the treasury are not letting banks fail. The money supply is increasing, not decreasing. Public works are being discussed, and likely something will be enacted.<BR/><BR/>This will be a severe recession, but will be over by the 2010 midterm elections. It will be long over by the 2012 elections.<BR/><BR/>An Obama administration will not nationalize banks, GM, or health care - perhaps it should - but it will reregulate so that the financial industry will be back under more control.<BR/><BR/>The lumpenproletariat will go back to watching TV.<BR/><BR/>I do think that there is more danger from right wing racist fanatics than Bin Laden - before 9/11 the worst terrorist attack in America was Timothy McVeigh's bombing in Oklahoma City. It could happen again. Barring a depression or the presidency of Sarah Palin, you wont see them anywhere close to real power.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-36646589.post-13705512786807114212008-10-14T00:07:00.000+02:002008-10-14T00:07:00.000+02:00But the defining characteristic of the existing US...But the defining characteristic of the existing US healthcare system is that it is more costly compared to the other industrialized countries and less effective in delivering actual healthcare. A switch to single payer ought, eventually, to <I> <B> save </B></I> money (and save lives).<BR/><BR/>One problem is that those who decide these things in DC believe that the US already has the best healthcare in the world. They're partly right: <I>they</I> have a very good h/c system but for the rest of us it's not so good.<BR/><BR/>The other difficulty is our state religion - free market fundamentalism. But now that government intervention has again rescued capitalism (assuming that the US will eventually follow the UK and nationalize the banks) can our legislators now free up their thinking on healthcare?Mike Doylehttps://www.blogger.com/profile/08883239399467042838noreply@blogger.com