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« Power Up Friday | Main | Localism is Coming »
January 30, 2009 |Permalink |Comments (0)
Krugman Can't Wait...
New York Times columnist (and Nobel Laureate in Economics) Paul Krugman writes...
The whole world is in recession. But the United States is the only wealthy country in which the economic catastrophe will also be a health care catastrophe — in which millions of people will lose their health insurance along with their jobs, and therefore lose access to essential care.
and he concludes...
I agree with administration officials who argue that these financial bailouts are necessary (though I have problems with the specifics). But I also agree with Barney Frank, the chairman of the House Financial Services Committee, who argues that — as a matter of political necessity as well as social justice — aid to bankers has to be linked to a strengthening of the social safety net, so that Americans can see that the government is ready to help everyone, not just the rich and powerful.