Who Is Our Economy FOR, Anyway?

The Seeing the Forest question: Who is our economy FOR, anyway?
If the government provides good, low-cost health care to citizens it reduces the profits of the big insurance and drug companies. This health care battle lays down a clear choice of who benefits: citizens or a wealthy few?
Republican Senator Snowe of Maine announces her choice. See Open Left:: The Problem With The Public Option Is That It Lowers The Cost Of Health Insurance,

In an Associated Press interview in Portland, Snowe said it would be unfair to include a government-run health insurance option that would take effect immediately.
“If you establish a public option at the forefront that goes head-to-head and competes with the private health insurance market … the public option will have significant price advantages,” she said.

Well, duh. That is the whole point. You can’t lower the price of health insurance unless you start offering lower-priced health insurance. It’s a tautology.
So, naturally, during the fight to lower the price of health insurance, so-called moderate Senators think that the problem with the public option is that it would… lower the price of health insurance. While it may be news to so-called moderate Senators, protecting the crappy products of large corporations is not their job description.

Yes, this health care battle is stripping some of the camouflage from the real fight: do the people benefit from our government, or do a wealthy few benefit?
Who is our economy for, anyway? I first asked that question here just about seven years ago, and it became the blog’s tag line. I think the financial crisis and now this health care battle allow people to clearly see and understand which choice their Washington representatives make. And I think the way these twin crises are unfolding helps people to understanding the choice their own elected representatives make. I think will make a big difference come election time.

m4s0n501

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