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| Mant R | |
Tuesday, June 23, 2009 8:07 PM | |
Shape of Economic Recovery | | |
There's not going to be any-shaped recovery in growth if you mean by that
economic growth sustained by inflation, because we are not experiencing a Keynesian
sort of recession or depression, but a deflation, and a necessary one given the
production function involved. However, generally, where deflations are involved,
it takes several up and downturns for the inflation to be wrung out. If the govt
steps in to attempt to sustain inflation, as happened in Japan and is happening
here, this could yield a steady state or further need for deflation. |
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| George R | |
Tuesday, June 23, 2009 11:14 PM | |
News Hour, Public Option, healthcare | |
| I was extremely disappointed in tonight's News Hour discussion of
health care, where an obvious, substantial distortion of President Obama's position
went uncorrected and unchallenged. An interviewee stated that President Obama's
position was "softening" today concerning Public Option health legislation. It
was said that for him, now, a Public Option insurer was not an essential component
of legislation. Quite to the contrary, President Obama actually said today that
a Public Option is essential to any meaningful cost-cutting measures, and that
cost-cutting is a fundamental, essential component in any acceptable legislation
whatsoever. He stated that cost containment is "impossible" unless we have the
Public Option. Period. Your program's depiction of Mr. Obama's statement is so
far from what the President actually said, it gives the appearance of a remarkable
lack of journalistic competence - atypical for the News Hour - concerning the
interviewee's unobjective attempt to "spin" viewers' perception of a Public Option.
Why was the interviewee's position not questioned further? There IS, per se, no
health care reform possible without a Public Option. It is plain to the voters
and to your viewers that all-private, so to speak, is what has ruined us so far.
Clear misrepresentations of the positions of our President should never go unchallenged.
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