The dollar is up, oil is slightly down, and the Nikkei is following Wall Street's Monday closing numbers. Thursday is the day to circle. We will get the first estimates for the third quarter GDP.
I watched a reasonable CNN report this a.m. and the news was realistic and bleak. Jobs are the issue. Job creation is fundamental and the recovery is not complete without it.
Job creation is obviously the salient theme that will weave its way into the next 12 months of economic reports. Helpful policy is needed.
CNN: Nikkei 225 -95.41
3 comments:
If we had a rational Nat'l health care policy and companies and individuals weren't left to the fucking mercy of the greedy Health care mafia we might be seeing some job creation. Unfortunately, I fear the Obama admin. is going to fuck this up and make things even worse. Let's hope they get it right. So far though I have little confidence they will. Look @ their Wall st. cure. One more cure like that one and were under as a society.
They say Maryland has had some good results simply by regulating procedures done in hospitals, so that every hospital has to charge the same amount for each procedure. This has created a more level playing field for insurance and it would allow for a government run option, since everybody has to pay the same. Instead of socializing health care, we need to even out procedure costs, and create a level field. This is essential. That is not socializing health care.
In the end the only real way to lower or control costs is to create a SINGLE PAYER system or extend the existing Medicare system. Anything short of this will be gamed to death by the Ins. goons and their endless legions of lawyers and lobbyists.
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