Health Stocks Will Surge on Wall St Tomorrow: Mark my Words
by TarHeel, Mon Sep 07, 2009 at 12:45:52 PM EDT
I am in favor of doing nothing rather than the abomination of a plan the Baucus-FaucUs Caucus put out.
This is not change I can believe in..
If wall street healthcare stocks increase substantially more than the market Tuesday it tells you all you need to know.
Subsidies will be slashed so insurance will be a big rip off for most people, with nothing to control costs.
After the speech finished, Chuck Todd came on and said something like, "progressives have to be disappointed." Todd's point, I think, was that Obama didn't really mean it. It was weak tea designed to fire up Obama's labor audience but ultimately Obama was going to drop the public option.
And it may well have been.
But what Todd doesn't seem to get is that Obama stands to lose more if he utters those words--if he acknowledges our point, that the public option is key to real reform, to bringing down costs--than having not uttered them.
So while Todd may take Obama's weak tea mention of the public option as so much weak tea, he seems to be missing that any such a mention is only going to further inflame progressives if and when Obama sacrifices something he "believes" in just a few days.
If this is an improvement over the status quo, right now I don't see how.
This moves the ball into the Progressive Block's court, not into President Obama's. This draft proposal from Baucus is nowhere close to the type of health care bill they have said they can support. Off hand, it seems perfectly justified to send this bill down to defeat. However, as activists, we only have power to defeat or change this bill if the Progressive Block decides to hold the line. They are going to be asked to fold and compromise, so it is their time to demonstrate leadership. Let's see what happens.
No matter what happens, it is imperative that there is at least a vote on a robust public option in both branches of Congress. We need a roll call indicating who opposes a real public option, and is instead looking to force this crappy bill on us. Otherwise, there will be no way to hold Congress accountable.