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Tuesday, October 27, 2009
Not quite sure. The Economist has a full survey on the somewhat rocky economic relationship between the two economic behemoths. In a nutshell, China doesn't need America as much as America needs China. If you've ever been in a relationship, then you know it's no good if both sides don't need each other equally.
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Democratic incumbent Jon Corzine has nearly pulled even with Republican Chris Christie in the New Jersey's governor's race. Here are two commercials from each campaign.
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Robert Samuelson of Newsweek does not think so. It might be because Harry Reid thinks the Senate will include a watered-down public option plan in to the health care reform bill. Reid will allow states to opt-out. The problem, as Samuelson sees it, is that none of the bills currently floating around Congress address the real issue of controlling costs. In other words, until we decide to pay doctors differently or incentivize them to order fewer tests or less costly tests and convince Americans to live healthier lifestyles, we're just fooling ourselves.
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Is it an appropriate comparison? Carter's one term in office turned in to a malaise of inaction and indecision. Obama and Carter both share a predilection for attention to detail, something they clearly do not share with George W. Bush. The bigger issue that will dictate the success or failure of this administration (at least for the next year or so) will be how well Obama can convince a dawdling Congress to follow his lead. If Congress passes health care reform, Obama will have already passed more meaningful domestic reform than Carter did in four years (and arguably as meaningful as anything Bush passed in eight years). This will be especially true if Congress passes a litany of financial regulatory reforms to address systemic risk.