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Reconciliation

Today I looked at how the health-care law might evolve, explained the "vote-a-rama" that's happening in the Senate tonight, and looked again at the Supreme Court and health care.

Here's what I didn't get to:

1) Tom Friedman's got the right idea, but I'm pretty skeptical that changing how we vote will change how we're governed.

2) Ryan Avent is worried about the Dodd bill's approach to 'too big to fail.'

3) Hey, a free Phoenix live album!

4) Kinsley love.

Recipe of the day
: Making a better matzoh ball.

By Ezra Klein  |  March 24, 2010; 7:22 PM ET
 
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Next: Vote-a-rama update

Comments

Ezra--
The Wall Street crowd is making political hay over the fact that Caterpillar Inc. declared it would take a 100 Million charge to this quarter's earnings to reflect higher taxes as a result of the Health Care Law. Apparently Caterpillar gets tax-free subsidies for providing prescription drug benefits to its retirees. Any comment on this?

Posted by: Edoc | March 24, 2010 8:46 PM | Report abuse

Speaking of Kinsley, he and Krugman have a really interesting debate going on about inflation.

http://tinyurl.com/yzf4t2m

Krugman looks a little silly after his 2003 piece was pulled out of the archives...

A Fiscal Train Wreck

http://www.nytimes.com/2003/03/11/opinion/11KRUG.html

Posted by: marteen | March 24, 2010 11:19 PM | Report abuse

marteen

I think Kinsley was the sillier of the two in this case. His fears of hyperinflation seem unfounded, as Krugman was pointing out.

Krugman may have been wrong in 2003 about interest rates, but they rise and fall, not to some kind of strange economic process no one understands (as Kinsley was worried about regarding inflation) but because of conscious decisions by the fed.

So yes, Krugman showed he is incapable of reading the minds of folks in the fed who had the power to raise or lower interest rates. But Kinsley showed he is not really an economist and fails to understand why some countries suffered from hyperinflation whereas the USA will not.

I do like and respect Kinsley though. He usually gets the better of those he debates.

Posted by: Lomillialor | March 25, 2010 7:46 AM | Report abuse

Phoenix download is overwhelmed, no doubt Ezra's fault. But here's a free download of Pinhead Gunpowder's recent benefit set at 924 Gilman http://www.924gilman.org/blog/?p=51

I've been a Kinsley fan too, but not a hyperfan.

Posted by: bdballard | March 25, 2010 9:10 AM | Report abuse

You think Tom Friedman gets it right--that, just as the Republicans clearly are beholden to the far right of their party, the Democrats are beholden to the far left of theirs? WTF?!!! If that were true, where is the public option, and where for that matter was even a serious discussion of the merits of single-payer healthcare? The blue dogs got most of what they wanted, and it was they who almost grounded this process to a halt with their petulance and stubbornness? Ezra, do you REALLY believe that centrists are un-empowered? If so, please explain.

Posted by: decoy69 | March 25, 2010 11:46 AM | Report abuse

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