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View Diary: DFA Howard Dean liveblog - shoutout from call! updates X2! (114 comments)

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  •  Public Plan (4+ / 0-)
    Recommended by:
    mattman, wu ming, eartha, Sagebrush Bob

    Making sure that Obama's plan (as the bill gets written and sent to the congress) includes a public plan is crucial. Dean said that towards the end of his monologue, but his answers in the Q&A weren't clear enough (he was mistakenly using "single payer" to refer to "public plan").

    There was some debate about whether Obama was calling for a government underwritten medicare-like public plan, or not, during the primary. As a voluntary Obama supporter/defender, I was fielding them, and as I recall, there was a degree of fuzziness in the campaign plan on this issue. Dean should go over that plan throughly once again before stating assumptions that may or may not be too accurate, and offer his ideas for making sure that a strong public plan gets passed in the eventual legislation.

    ps: "lgcap"'s question was just posed to Dean (how can we make members of congress more progressive)!

    •  Regulation Reform is another issue (2+ / 0-)
      Recommended by:
      mattman, va dare

      of immediate urgency that I'd like to draw Howard's attention towards. Obama didn't mention regulatory reform (for banks and wall street) in his presser last night, and they are said to "soften up" (the outrage seemed manufactured anyway, to begin with) up on banking industry execs. I hope that these two things don't mean that they're going to easy up on regulation reform (a reform package was originally scheduled to be released this week; I'm not sure they're still on track with that schedule.)

      As Taibbi's article makes clear enough, unless the screws are tightened (by undoing the deregulation), greedy bankers will likely continue to play their games and jeopardize the economy, and people's life earnings and livelihoods. Given that Obama has wall street insiders (Summers supported that deregulation in the late 90s) making his economic policy, some well-informed external pressure is badly needed to make sure that the policy that comes out works for the common good of the American people.

      •  Breaking news on this: (0+ / 0-)

        Geithner to Propose Vast Expansion Of U.S. Oversight of Financial System

        By Binyamin Appelbaum and David Cho
        Washington Post Staff Writers
        Thursday, March 26, 2009; Page A01

        Treasury Secretary Timothy F. Geithner plans to propose today a sweeping expansion of federal authority over the financial system, breaking from an era in which the government stood back from financial markets and allowed participants to decide how much risk to take in the pursuit of profit.

        The Obama administration's plan, described by several sources, would extend federal regulation for the first time to all trading in financial derivatives and to companies including large hedge funds and major insurers such as American International Group. The administration also will seek to impose uniform standards on all large financial firms, including banks, an unprecedented step that would place significant limits on the scope and risk of their activities.

        Most of these initiatives would require legislation.

    •  Just read the petition (2+ / 0-)
      Recommended by:
      mattman, va dare

      and learned that the petition was precisely about the public option. That's excellent.

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