What Congress thinks is radical often isn't radical
Just heard Bill Clinton say that "if they would've created a public option to compete with insurance companies, it would've helped" save money in the health-care system. Meanwhile, a Federal Reserve staff paper opposing Blanche Lincoln's plan to spin derivative desks out of banks advised Congress to adopt the Volcker rule, which they say "better addresses the problem of risks from derivatives activities by prohibiting any bank, as well as any company that owns a bank, from taking speculative, proprietary derivative positions that are unrelated to customer needs."
When things get into Congress and folks decide that they'll fight over them, they begin to seem like they're radical. But oftentimes, they just aren't. It's the political system that's off-center, not the idea.
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