Word: administrationitis
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Somewhere, the ghost of Lyndon B. Johnson is smiling. Senator Olympia Snowe's lone Republican vote for health-care reform in the Senate Finance Committee didn't just advance an issue close to LBJ's heart--as President, the Texan signed Medicare into law--it was also a masterstroke in...
Five days later, Ignagni released an analysis by PricewaterhouseCoopers that claimed, on the basis of a misleading reading of the bill, that reform could lead to a painful spike in insurance premiums for ordinary Americans. The episode shattered the thin trust between the Administration and the insurance lobby and set...
On financial issues, Nolan’s record as a school-committee member has been exemplary. She has developed a sophisticated understanding of the district’s finances and has pushed for cutting central administration spending and redirecting it to classrooms. Early in her tenure, she sponsored a proposal...
But the most recent round of bonuses at some of the nation’s most moneyed corporations has not escaped the notice of the Obama administration, which has ordered average compensation reductions of 50 percent at seven of the largest recipients of federal bailout funds. The cuts will affect...
However, the policy is ultimately little more than a symbolic gesture and a Band-Aid fix to a problem that is in dire need of a suture. Simply cutting the pay of executives does little to address the systemic problems that helped give rise to the financial crisis. The Obama...