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Forget Health Reform—We Can't Afford It

The economy should be Obama's top priority: Henninger

By Jason Farago,  Newser Staff

Posted Sep 10, 2009 8:50 AM CDT

(Newser) – Barack Obama makes health care sound like the most pressing issue in American life, but with unemployment at 10% and the country still officially in recession, Daniel Henninger wonders why he's "draining a dwindling reservoir of presidential capital." The cost of health care may be a problem for many, but government's job of fixing wrecked markets is not nearly over—and voters agree, with 87% dissatisfied with the economy. For the Wall Street Journal columnist, "even more so now than way back in 1992: It's still the economy, stupid."

The stimulus, the auto bailout, and TARP were not enough to set the economy right again, and there are new problems—not the least of which is inflation, suggested by gold's recent puncturing of the $1,000-an-ounce barrier. Obama would do well to get back to the economy, which will let him "rebuild his political capital by taking credit for the inevitable rebound." At the moment, the president's "mad obsession with arcane health insurance puzzles looks beside the point."

Robert Gates, left, and Tim Geithner greet President Barack Obama at last night's joint session of Congress.
Robert Gates, left, and Tim Geithner greet President Barack Obama at last night's joint session of Congress.   (AP Photo/Jason Reed, Pool)
Treasury Secretary Timothy Geithner looks on as President Barack Obama speaks during his meeting with regulators, Wednesday, June 17, 2009.
Treasury Secretary Timothy Geithner looks on as President Barack Obama speaks during his meeting with regulators, Wednesday, June 17, 2009.   (AP Photo/Pablo Martinez Monsivais)
Tim Geithner and Larry Summers in the Rose Garden of the White House in Washington, Friday, May 22, 2009.
Tim Geithner and Larry Summers in the Rose Garden of the White House in Washington, Friday, May 22, 2009.   (AP Photo/Haraz N. Ghanbari)
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Obama's crew famously said it wouldn't make the mistakes the Clintons made. How calling forth both houses of Congress in prime time to join him in betting the ranch on health care qualifies as smarter politics than the Clintons is a mystery. -

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COMMENTS
Showing 3 of 67 comments
Rob
Sep 11, 2009 1:34 AM CDT
save NASA
AdaptAndOvercome
Sep 10, 2009 9:08 AM CDT
Well the genious has spoken. Let's stop everything and concentrate solely on the economy. So, when the school shut down due to lack of funding and all our kids stay home because there aren't anymore schools. Then maybe we can concentrate on education. Or maybe we should tell all the medicare patients to stop going to the doctor....DON'T USE UP ANY MORE MEDICARE...WAIT!!!!! We have to stop everything and concentrate of the economy, let's not worry about funding medicare. WHAT SOCIAL SECURITY FUNDING IS RUNNING OUT...LET IT!!!! We've got to stick to the economy. NO WE DON'T STUPID!!!! The world evolves everyday and with it we must too. It's called multi-tasking. You can't ignore everything and hope it continues to work. What idiot wrote this article.
Forderon
Sep 10, 2009 7:17 AM CDT
Here's a good investigation by famous investigative journalist Greg Palast: http://www.rollingstone.com/po.... And the video: http://www.youtube.com/watch?v...

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