UP Ibalon Bicol: US economic recovery & the uncertainties Americans face ahead

US economic recovery & the uncertainties Americans face ahead

7/24/2009 | Posted by mesiamd | Edit Post

In spite of Pres. Barack Obama’s eloquent words, the US economy is still on the edge. The ambitious social engineering of the Democratic party has started to fray---- ahead of the economic recovery that it promised. The president who built high expectations since his election campaign is losing his approval and credibility at a fast rate.

Healthcare Dilemma

The country is spooked by the healthcare overhaul plan which will likely be rationed, endangers the independence of doctors to decide for their patients, and may lead to treatment delays and astronomical costs which can rob the future of generations.

Though most Americans agree that a change in healthcare is needed, Obama’s plan to pattern the delivery of American system of healthcare to Canada and Europe is met with growing opposition. His universal healthcare plan threatens the structure that makes medicine in USA the best in the world.

American medicine brings leaders of foreign countries to come to the US for treatment. With all its faults, it is the pre-eminent leader in innovation and the advance of medical science. Though expensive, the fast delivery of medical services for difficult health problems makes it outstanding.

Yet, cutting costs will bring undesired consequences. These, the Americans are grappling to understand. They don't know how much it will cost them in insurance premiums and what medical services will they get in return. They are seriously thinking how much of their income must realistically be alloted to medical care.

Even the Obama government shows poor grasp on the details of the change the "experts" are pushing, making the public doubt whether the rush to tinker with the current system will make their life better. It seems Obama wants the health plan to be voted upon soon while the public hasn't absorbed its hidden ramifications. In a speech, he mumbles of the same generic old tunes that don't clarify the uncertainties of his plan. To President Obama's and California legislator Nancy Pelosi's disappointment, the senate recently stalled the health reform bill for September after the August recess.

For one, they even haven’t tackled how to prevent billions that are lost in Medicare and Medicaid fraud. Many lawmakers who bat for more government intrusions in private life haven't read the legislation or discussed the health proposal. It's just like when Capitol Hill voted the $700 billion plus economic stimulus in haste and the public is left guessing. They don't know where the huge public money is going. Without giving evidence, the financial decision-makers say they "averted" the total collapse of the US economy while at the same time, they warn for another stimulus package if the initial strategy doesn't work.

The administration wants to tax the people so that it can subsidize the insurance of at least 10 million illegal aliens, part of the 47 million people who are uninsured. At the expense of the elderly who may be denied of certain diagnostic tests and medical treatment, the government wants to give medical coverage to those who ignored the law and gate-crashed into America.

Obama plans to control the approval and denial of services, putting the lives of the old, disabled, and those with chronic and rare disease in limbo. It is likely, the sick who are young with high chance for full recovery and are able to go back to work will be given priority over those who are old, recurrently sick, and those without hope of improvement. As a result of the expected decline of health service, according to political analyst Dick Morris, author of a new book "Catastrophe," this health plan will displace the elderly with poorer care, it may lower the life expectancy of the Americans in the next decade as well.

Joblessness still on the Rise

In the meantime, in spite of the outrageous spending that puts USA at the edge of bankruptcy, under Obama’s watch, the joblessness in the heartland doesn’t abate. The budget deficit continues to rise, prompting America to finance its runaway spending from debts abroad. If Obama’s plan fails, there will be many apologies, but almost no accountability---just the way it happened when bankruptcies occured in the housing sector, financial services, banking, and auto industries.

Newly laid-off workers seeking jobless benefits increased last week, consistent to the forecast by the Federal Reserve that unemployment will rise beyond 10%. Bolstering this prediction, the Labor Department announced that the initial claims for unemployment insurance went up by 30,000 this week, raising the number of idle workers to 554,000.

With these, the sword of Democles hovers precariously over the heads of US citizens, not used to having no control over their lives. Unlike before, Obama can blame his predecessors as the cause of the economic mess, but as time passes, it is looking more like his own. The free fall of his popularity may be one to tell. Those who slobber and blindly support him is likely to find disappointment. (Photo Credit: iQoncept) =0=

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Labels: Barack Obama, economy, joblessness, national economic planners, popularity, Totie Mesia, unemployment, universal healthcare

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