The Senate Healthcare bill is passed by the House.
When President Obama signs it a century long quest to catch up with Bismark's Germany in healthcare protection for the people will end successfully.

Well, it's actually only been 98 years. Teddy Roosevelt running as the Bull Moose Progressive in 1912 proposed a universal, nationwide healthcare system.

Welcome to the 21st Century America. :
Glad you made it. ::

Originally Posted by herbal tee

The Senate Healthcare bill is passed by the House.
When President Obama signs it a century long quest to catch up with Bismark's Germany in healthcare protection for the people will end successfully.

Well, it's actually only been 98 years. Teddy Roosevelt running as the Bull Moose Progressive in 1912 proposed a universal, nationwide healthcare system.

Welcome to the 21st Century America. :
Glad you made it. ::

But what if it all gets undone in 2013?

I'm not ruling that out, by any means.

Originally Posted by '58 Flat

But what if it all gets undone in 2013?

I'm not ruling that out, by any means.

I am ruling it out.

First, the demographics argue against it. The Reagan-Bush/Tea Party coalition is dying out of power. Everyday there are fewer of them. And everyday American grows ethnically more diverse. And having Tea Party people call congressmen "n****r" and other epithets on national TV isn't going to gain them votes amongest the young, more of whom everyday look more like the congressman that was insulted than they look like the Tea Party types.

Second, and I think we will see this in November 2010, the ten immediate benefits to American families will be known about well before the elections. Once people realize that they don't have to live in a country that will let them fall into destitution because they get sick, they won't go back.
IOW, to borrow a phraise from the end of WWI, how ya gonna keep 'em on the farm once they've seen Parree?

Finally, you can't beat something with nothing. Who do the Republicans have who can beat Obama? It's over and if the GOP realizes it before 2016 then they have a chance to come back that year with an aganda that accepts the reality of a 4T America. Otherwise, they may go into the wilderness in such a way that political extinction is possible for their party.

The official (U3) unemployment rate is currently stagnant at 9.7%.

And not to panic anyone but this



is not good.





In other news, as noted in my recent posts the United States took the first step towards curing its medical cost curve problem by, well, acting in an outer focused direction policywise. :

Happy early 4T to you.
We have oh, so long ago.
Try to be cheerful but above all remain rational.


At the risk of sounding like the middle aged nerd that I am I urge everyone with dependency problems, be they emotional, chemical or any and all combinations thereof to fight for your immedaiate freedom.
If you do not you are not likely to survive this 4T.
2030 just might be an outer focused world that still seems beautiful
but you have to get there first. ::

But one difference does stand out between the recently-concluded recession and the two prior:


July 1990: Recession begins
March 1991: Recession ends, based on GDP
June 1992: Highest unemployment rate reached - 15 months later


March 2001: Recession begins
November 2001: Recession ends, based on GDP
June 2003: Highest unemployment rate reached - 19 months later


December 2007: Recession begins
July (?) 2009: Recession ends, based on GDP
October 2009: Highest unemployment rate reached - 3 (?) months later

Originally Posted by '58 Flat

But one difference does stand out between the recently-concluded recession and the two prior:


July 1990: Recession begins
March 1991: Recession ends, based on GDP
June 1992: Highest unemployment rate reached - 15 months later


March 2001: Recession begins
November 2001: Recession ends, based on GDP
June 2003: Highest unemployment rate reached - 19 months later


December 2007: Recession begins
July (?) 2009: Recession ends, based on GDP
October 2009: Highest unemployment rate reached - 3 (?) months later

That's the optimistic way to look at it.
Another possibility is that the bank meltdown has created a fundamentally different kind of downturn, a 4T style downturn different from the 3T style recessions.
This may mean that instead of being on a V shaped curve recessionwise or even a U, we may be on an L.
We will see.

Originally Posted by herbal tee

That's the optimistic way to look at it.
Another possibility is that the bank meltdown has created a fundamentally different kind of downturn, a 4T style downturn different from the 3T style recessions.
This may mean that instead of being on a V shaped curve recessionwise or even a U, we may be on an L.
We will see.

It's not necessarily "optimistic;" and in the grand scheme of things it indeed might be pessimistic, as it suggests something else besides the domestic economy may take center stage in the 4T - as in war, "on terror" or otherwise.

Originally Posted by herbal tee

This may mean that instead of being on a V shaped curve recessionwise or even a U, we may be on an L.
We will see.

The "great recession" is "L" shaped. 3T excesses = 4T corrrections. Never fails. V shape happened in 1980, U , 1990, L , 2007.


http://www.youtube.com/watch?v=_y2_aDVWfJc


... Oh, for the sake of sanity, rail is the way to go to reduce fossil fuel needs to transport freight around.

But what "great recession"?

As it has now turned out, this one won't match the one that ran through the end of 1982, when unemployment reached 10.8%.

And this is really, really bad news for the Republicans.

Originally Posted by Ragnarök_62

The "great recession" is "L" shaped. 3T excesses = 4T corrrections. Never fails. V shape happened in 1980, U , 1990, L , 2007.


http://www.youtube.com/watch?v=_y2_aDVWfJc


... Oh, for the sake of sanity, rail is the way to go to reduce fossil fuel needs to transport freight around.

Yes, see below.

On the RR I say "all aboard."

Originally Posted by '58 Flat

But what "great recession"?

As it has now turned out, this one won't match the one that ran through the end of 1982, when unemployment reached 10.8%.

And this is really, really bad news for the Republicans.

It's still more than six months away from the election.
I think that it is too early to say what's good news for which party right now.
Here is another way to look at official unemployment in this recession.



Right now U3 is stuck at 9.7%.
That three month long flatline, or something like it, could last a long time.

3 MAY 2010: Oil slick from destroyed BP oil drilling platform causes fisheries restrictions along Gulf Coast. Attempts to close off oil flow difficult. Oil slick reaches mouth of Mississippi River, posing possible threat to sea transport.

Actress Lynn Redgrave dies of breast cancer at 69.

United Airlines merges with Continental Airlines for approximately $3 billion. The merger is dependent on regulatory approval.

A summary of events from 1 JAN 2010 would be helpful.

Originally Posted by Poodle

A summary of events from 1 JAN 2010 would be helpful.

Yes it would be.

Perhaps you could give us one. :

Originally Posted by herbal tee

Yes it would be.

Perhaps you could give us one. :

http://wallysdoghouse.blogspot.com/2...-apr-2010.html

http://wallysdoghouse.blogspot.com/2...-are-back.html

http://wallysdoghouse.blogspot.com/2...-mar-2010.html

http://wallysdoghouse.blogspot.com/2...-jan-2010.html

http://wallysdoghouse.blogspot.com/2...st-22-jan.html

http://wallysdoghouse.blogspot.com/2...-jan-2010.html

http://wallysdoghouse.blogspot.com/2...-jan-2010.html

http://wallysdoghouse.blogspot.com/2...-nov-2009.html

Things are not what they seem.

(Sorry about your losses)

Originally Posted by Poodle

links

Welcome back, Wally.

I hadn't checked your blog and didn't realize that you lost your dog. I'm so sorry.

Originally Posted by The Wonkette

I hadn't checked your blog and didn't realize that you lost your dog. I'm so sorry.

Thank you, Jenny.

I think Mom grabbed Max.

Heard an NPR correspondent this morning with "Genser" in her name. Any relation?

Originally Posted by Matt1989

Things are not what they seem.

(Sorry about your losses)

Thank you.

Originally Posted by Poodle

Thank you, Jenny.

I think Mom grabbed Max.

Heard an NPR correspondent this morning with "Genser" in her name. Any relation?

Nancy Marshall Genser, right? I don't know of any relationship with the woman. I would guess that she married into the "Genser" family, as did I, and she married into a different branch.

Originally Posted by Poodle

A summary of events from 1 JAN 2010 would be helpful.

Originally Posted by Poodle

http://wallysdoghouse.blogspot.com/2...-apr-2010.html

http://wallysdoghouse.blogspot.com/2...-are-back.html

http://wallysdoghouse.blogspot.com/2...-mar-2010.html

http://wallysdoghouse.blogspot.com/2...-jan-2010.html

http://wallysdoghouse.blogspot.com/2...st-22-jan.html

http://wallysdoghouse.blogspot.com/2...-jan-2010.html

http://wallysdoghouse.blogspot.com/2...-jan-2010.html

http://wallysdoghouse.blogspot.com/2...-nov-2009.html

Originally Posted by The Wonkette

Welcome back, Wally.

Well I'll be....

welcome back Wally and you of course have my condolences.

Originally Posted by The Wonkette

Nancy Marshall Genser, right? I don't know of any relationship with the woman. I would guess that she married into the "Genser" family, as did I, and she married into a different branch.

That's the name. Thanks.

Originally Posted by herbal tee

Well I'll be....

welcome back Wally and you of course have my condolences.

Thank you, Rick.

Unemployment update: The U3 has risen to 9.9 % and the U6 is up to 17.1. :

A terrorist who is liKely tied into the Pakistani Taliban attempted to explode a bomb iin the Times Square district of New York City. The authorities were successful in averting the possible disaster.

Supreme Court Justice John Paul Stevens announced his retirement within the last month.
Stevens was the last moderate Republican on the court and had since the retirement of fellow moderate Republican Sandra Day O'Conner 2005 found himself usually in the minority in 5-4 decisions. Previously O'Conner had provided the 5th vote upholding precedent in the face of the determined and currently majority hard right.

An offshore oil rig in the Gulf of Mexico has blown out and is spilling 5000 barrels,which is 210,000 gallons of crude oil into the Gulf of Mexico everyday. Efforts to cap the well have thus far proven unsuccessful. On a related note the gas stations in western South Carolina are now selling regular unleaded at about 2.80 a gallon. It had been going at about 2.55 before the spill.

In the UK a hung parlement has occurred for the first time since 1923. The Conservatives by finishing first will have the first chance at forming a new government. However, there is no minor party that naturally aligns with the Conservatives to take on as a coalition partner.
This may open the way for a Labour-Liberal Democratic coalition. But such a coalition is likely conditional on the unpopular Prime Minister Gordon Brown stepping down. In fact the one thing that does seem certain is the Brown's term in office is effectively over even if Labour can cobble together a coalition.

Originally Posted by herbal tee

Unemployment update: The U3 has risen to 9.9 % and the U6 is up to 17.1. :

A terrorist who is liKely tied into the Pakistani Taliban attempted to explode a bomb iin the Times Square district of New York City. The authorities were successful in averting the possible disaster.

Supreme Court Justice John Paul Stevens announced his retirement within the last month.
Stevens was the last moderate Republican on the court and had since the retirement of fellow moderate Republican Sandra Day O'Conner 2005 found himself usually in the minority in 5-4 decisions. Previously O'Conner had provided the 5th vote upholding precedent in the face of the determined and currently majority hard right.

An offshore oil rig in the Gulf of Mexico has blown out and is spilling 5000 barrels,which is 210,000 gallons of crude oil into the Gulf of Mexico everyday. Efforts to cap the well have thus far proven unsuccessful. On a related note the gas stations in western South Carolina are now selling regular unleaded at about 2.80 a gallon. It had been going at about 2.55 before the spill.

In the UK a hung parlement has occurred for the first time since 1923. The Conservatives by finishing first will have the first chance at forming a new government. However, there is no minor party that naturally aligns with the Conservatives to take on as a coalition partner.
This may open the way for a Labour-Liberal Democratic coalition. But such a coalition is likely conditional on the unpopular Prime Minister Gordon Brown stepping down. In fact the one thing that does seem certain is the Brown's term in office is effectively over even if Labour can cobble together a coalition.

I am not sure how you pick these, but I think the situation in Greece will be the event most remembered from this May followed by the BP oil spew. Others have pointed out the connection between these two events - our collective inability to live within our means.

James50

Originally Posted by James50

I am not sure how you pick these, but I think the situation in Greece will be the event most remembered from this May followed by the BP oil spew. Others have pointed out the connection between these two events - our collective inability to live within our means.

James50

Thanks for the addition and the link.

Other than tracking the monthly U3 and U6 changes I don't really have a specific methodology for picking events. It has been a busy month, I guess we should add the computer generated "stock market crash" from the other day. That too is a sign that supposedly fail safe systems, in this case computer generated transactions, are far from being really fail safe. That too of course ties into sustainability issues.