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...number of years, unions and members of Congress spent a great deal of time complaining about the number of U.S. jobs being sent abroad. The bitterness about the issue seems to have receded recently, especially as the recession has deepened and large American companies have been inclined to cut jobs as much or more than they have been able to export them. Perhaps with the economy losing about 600,000 jobs a month, the need for efficiency though outsourcing has become less immediate. (See pictures of the Top 10 scared traders...
Whether or not Congress passes some kind of carbon-taxing scheme that ushers in a true alternative-energy era, "sustainability" is going to be shaping individual and public-policy decisions. And I don't just mean eating locally grown foods, driving more fuel-efficient cars and using weird lightbulbs. Annual increases of 10% and 15% in real estate prices were not sustainable; endlessly lowering taxes and expanding government isn't sustainable; Medicare and the war on drugs as currently constituted are not sustainable. Sustainability in this sense is as much old-fashioned green-eyeshade Republicanism as it is newfangled kumbaya...
That, of course, remains to be seen. Baucus' importance in reforming the health-care system, however, has grown. Unlike the Clinton health-care campaign that ran aground in 1994, the Obama White House's plan is to give Congress the lead in fashioning health-care-reform legislation. And the two Democrats who had been expected to spearhead that task have been sidelined. Former Senate majority leader Tom Daschle withdrew his nomination to be Obama's Secretary of Health and Human Services in early February amid revelations of tax problems, and Edward Kennedy, chairman of the Senate Health Committee...
...like to know what I'm talking about before I speak," he said, explaining the delay in making the information public and expressing outrage. Then he moved on while the reporter, CNN's Ed Henry, tried without success to get him to elaborate. (Read "The AIG Backlash: Has Congress Flipped...
What about protectionism? We've seen it in the past. We saw it in the 1930s. When I spoke to the U.S. Congress [on March 4], I said that protectionism in the end protects no one, because if trade falls, then more businesses collapse and more jobs go. You know, I come from the town where Adam Smith was born. Trade is the engine of so much of the growth we've had in the last few years. I believe protectionism is the road to ruin...