Regardless, the mandate delay doesn't solve problems, it just kicks the can down the road. And, as Bloomberg's Megan McArdle notes, the White House seems to be reacting to short-term political problems, rather than shoring up the system in ways that will make it work better:
However incoherent these fixes may seem, they send two messages, loud and clear. The first is that although liberal pundits may think that the law is a done deal, impossible to repeal, the administration does not believe that. ... This is at best, damage control. Which suggests that the administration is expecting a fair amount of damage.
I think that's right, and the damage will come in 2014. What we've seen so far, most likely, isn't the worst of it.
More
2 comments:
Someone needs to step up to the plate.
The fed is pumping up the market until mid-terms... Then all heck will break loose, the market will crash and Obama will blame republicans! LOL.
Post a Comment