Showing posts with label Krugman. Show all posts
Showing posts with label Krugman. Show all posts

2.27.2007

Paul Krugman: "Substance Over Image"

I think I actually love The Times' Paul Krugman, something I never thought I would say - or write - about an economist. Of course, I mean this in a completely platonic way but... ::sigh::

Here is Krugman on Bush; find it all here:

Six years ago a man unsuited both by intellect and by temperament for high office somehow ended up running the country.

How did that happen? First, he got the Republican nomination by locking up the big money early.

Then, he got within chad-and-butterfly range of the White House because the public, enthusiastically encouraged by many in the news media, treated the presidential election like a high school popularity contest. The successful candidate received kid-gloves treatment — and a free pass on the fuzzy math of his policy proposals — because he seemed like a fun guy to hang out with, while the unsuccessful candidate was subjected to sniggering mockery over his clothing and his mannerisms.

Today, with thousands of Americans and tens of thousands of Iraqis dead thanks to presidential folly, with Al Qaeda resurgent and Afghanistan on the brink, you’d think we would have learned a lesson. But the early signs aren’t encouraging.

“Presidential elections are high school writ large, of course,” declared Newsweek’s Howard Fineman last month. Oh, my goodness. But in fairness to Mr. Fineman, he was talking about the almost content-free rivalry between Hillary Clinton and Barack Obama — a rivalry that, at this point, is mainly a struggle over who’s the bigger celebrity and gets to lock up the big donors.

Enough already. Let’s make this election about the issues. Let’s demand that presidential candidates explain what they propose doing about the real problems facing the nation, and judge them by how they respond.

I know the counterargument: you can’t tell in advance what challenges a president may face, so you should vote for the person, not the policy details. But how do you judge the person? Public images can be deeply misleading: remember when Dick Cheney had gravitas? The best way to judge politicians is by how they respond to hard policy questions.
Find the rest at Rozius Unbound.

2.19.2007

Paul Krugman: "Wrong Is Right"

This may vie for one of my top 10 favorite Paul Krugman columns of all time. Read it all at Rozius, but here's a snip:

Many people are perplexed by the uproar over Senator Hillary Clinton’s refusal to say, as former Senator John Edwards has, that she was wrong to vote for the Iraq war resolution. Why is it so important to admit past error? And yes, it was an error — she may not have intended to cast a vote for war, but the fact is the resolution did lead to war; she may not have believed that President Bush would abuse the power he was granted, but the fact is he did.

The answer can be summed up in two words: heckuva job. Or, if you want a longer version: Medals of Freedom to George Tenet, who said Saddam had W.M.D., Tommy Franks, who failed to secure Iraq, and Paul Bremer, who botched the occupation.

For the last six years we have been ruled by men who are pathologically incapable of owning up to mistakes. And this pathology has had real, disastrous consequences. The situation in Iraq might not be quite so dire — and we might even have succeeded in stabilizing Afghanistan — if Mr. Bush or Vice President Dick Cheney had been willing to admit early on that things weren’t going well or that their handpicked appointees weren’t the right people for the job.

The experience of Bush-style governance, together with revulsion at the way Karl Rove turned refusal to admit error into a political principle, is the main reason those now-famous three words from Mr. Edwards — “I was wrong” — matter so much to the Democratic base.

The base is remarkably forgiving toward Democrats who supported the war. But the base and, I believe, the country want someone in the White House who doesn’t sound like another George Bush. That is, they want someone who doesn’t suffer from an infallibility complex, who can admit mistakes and learn from them.

And there’s another reason the admission by Mr. Edwards that he was wrong is important. If we want to avoid future quagmires, we need a president who is willing to fight the inside-the-Beltway conventional wisdom on foreign policy, which still — in spite of all that has happened — equates hawkishness with seriousness about national security, and treats those who got Iraq right as somehow unsound. By admitting his own error, Mr. Edwards makes it more credible that he would listen to a wider range of views.

[...]And as for Rudy Giuliani, there are so many examples of his inability to accept criticism that it’s hard to choose.

Here’s an incident from 1997. When New York magazine placed ads on city buses declaring that the publication was “possibly the only good thing in New York Rudy hasn’t taken credit for,” the then-mayor ordered the ads removed — and when a judge ordered the ads placed back on, he appealed the decision all the way up to the United States Supreme Court.

Now imagine how Mr. Giuliani would react on being told, say, that his choice to head Homeland Security is actually a crook. Oh, wait.

But back to Mrs. Clinton’s problem. For some reason she and her advisers failed to grasp just how fed up the country is with arrogant politicians who can do no wrong. I don’t think she falls in that category; but her campaign somehow thought it was still a good idea to follow Karl Rove’s playbook, which says that you should never, ever admit to a mistake. And that playbook has led them into a political trap.
Read it all here.

2.16.2007

Paul Krugman: "The Health Care Racket"

Leading economist and Times' OpEd columnist, Paul Krugman, once again tackles a subject near and dear to many: American health care. Read it all at Rozius, but you can start with this snippet:

Is the health insurance business a racket? Yes, literally - or so say two New York hospitals, which have filed a racketeering lawsuit against UnitedHealth Group and several of its affiliates.

I don't know how the case will turn out. But whatever happens in court, the lawsuit illustrates perfectly the dysfunctional nature of our health insurance system, a system in which resources that could have been used to pay for medical care are instead wasted in a zero-sum struggle over who ends up with the bill.

The two hospitals accuse UnitedHealth of operating a "rogue business plan" designed to avoid paying clients' medical bills. For example, the suit alleges that patients were falsely told that Flushing Hospital was "not a network provider" so UnitedHealth did not pay the full network rate. UnitedHealth has already settled charges of misleading clients about providers' status brought by New York's attorney general: the company paid restitution to plan members, while attributing the problem to computer errors.

The legal outcome will presumably turn on whether there was deception as well as denial - on whether it can be proved that UnitedHealth deliberately misled plan members. But it's a fact that insurers spend a lot of money looking for ways to reject insurance claims. And health care providers, in turn, spend billions on "denial management," employing specialist firms - including Ingenix, a subsidiary of, yes, UnitedHealth - to fight the insurers.

So it's an arms race between insurers, who deploy software and manpower trying to find claims they can reject, and doctors and hospitals, who deploy their own forces in an effort to outsmart or challenge the insurers. And the cost of this arms race ends up being borne by the public, in the form of higher health care prices and higher insurance premiums.
The rest is here.