Krugman: The Clearest Policy Ever

27 Jul

Paul Krugman, uber-liberal and generally smart if infuriating economist, said the most extraordinary thing on ABC’s This Week yesterday (I can’t embed the video, so you’ll have to follow this link – check it out with about 3:30 to go).

“This is the clearest policy initiative I’ve ever seen in my life.”

Wow. Way to drink the Kool-Aid. When did Krugman go from being opinionated independent economist to full-time shill for the Obama Administration?


What Krugman said is patently untrue. Bush had his share of bad policies, but he was always clear, to a fault (“with us or against us”). The reason healthcare is floundering is no one can sell the bill because no one knows what’s in the bill.

I watch a lot of political TV, read a lot on the internet, and follow the issues closely. I see a lot of coverage of the horserace, and whether It will pass. I see a lot of talk on the cost of It, and It costs too much. What I don’t see is a lot of coverage of what It actually is.

Public option, in or out? Wait, a Co-op, instead of a public option. But we can already legally do Co-op’s now, and they are rare. Is there a reason why, perhaps? Healthcare reform has turned into health insurance reform. Everyone is covered. No, wait, 10% still won’t be covered. Hold on – reforming MEDPAC is the key! What’s MEDPAC, and how is that NOT the government deciding what care I should have (what R’s are complaining about). How will this contain costs? Wait, it doesn’t contain costs? Then why are we doing it? What’s in the bill anyway?

I know I sound like a broken record, but this is what happens when you outsource your mandate to Pelosi and Reid.

Pundit, to his credit, has tried to run a series of posts on healthcare. Unfortunately, what is exposed is that people have a lot of ideological opinions on healthcare (“The government should be out of the business of healthcare,” “Government healthcare is a fundamental right” – thanks for the new insights), and few facts.

One fact that we do have is that the 30 year cost of Medicare was 9 times the projected estimate.  That should give everyone pause.

One Response to “Krugman: The Clearest Policy Ever”

  1. Adam July 27, 2009 at 11:53 am #

    Good post. Injecting ideology into this debate will get us nowhere. Krugman is the worst offender of simple economic thought out there today. Here is perhaps the best economic reasoning why ObamaCare cannot work:

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