Is Health Reform One of the 5 Biggest Stories of the Decade?

December 31, 2010 RSS Feed Print
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A year ago I posted my top stories and trends for the decade. Given that the decade is actually coming to an end today (more on that in a second) it seems like a good time to revisit and revise the list.

First the issue of the decade ending. As I noted last year, “since our calendar goes from 1BC to 1AD, without a year zero, this is not technically the last year of the decade.”

Here’s the list, in chronological order,  that I put together last December:

  • The 2000 elections. The protracted election, with its voting irregularities, partisan post-election struggles, and final resolution in the Supreme Court set the tone for the political polarization that has marked this decade. [I should add that it not only set the tone for the decade but set the course for the decade--does anyone doubt that the last 10 years would have turned out differently if Al Gore had taken the oath of office on January 20, 2001?]
  • 9/11. I include here the reactions to and consequences of the terrorist attacks, including the U.S. war in Afghanistan. No other single event had such far-reaching effects on U.S. domestic politics and policies, U.S. foreign policies, or the lives of people in the United States and around the world.
  • The Iraq War. A historic blunder and tragic waste of national resources. [Not to mention a turning point for the United States, initiating a war and invading another country without provocation.]
  • The Great Recession. A global financial collapse from which we are still trying to recover. But for government safe-guards (the ones that did work) and action from politicians in both parties it could actually have been much worse.
  • America elects its first black president. You could more broadly put the 2008 election into this category, including Hillary Clinton coming closer than any woman before her to winning the White House and Sarah Palin becoming the first female GOP vice presidential candidate.

It remains a defensible list, I think. Looking back over the last 365 days three events stand out as potentially being worth inclusion in this list: The passage of the healthcare reform law, the GOP midterm election landslide, and the repeal of “don’t ask, don’t tell.”

Time may tell differently, but the House flipping is losing its luster as a historical event. It didn’t happen at all for 50 years and three times in 16 years. We may look back at the Boehner speakership as one for the history books; or the GOP majority could prove to be a blip in a series of congressional flips. As of right now this story doesn’t crack the top five.

As for the end of “don’t ask...” it’s clearly a significant milestone in terms of the nation’s social evolution. But I’m not sure it rises to the same level as the five mentioned above in terms of historical significance. It strikes me as more of a sidelight in a future history book rather than a main section.

Which brings us to the healthcare reform law; depending upon your point of view it’s a historic expansion of the social safety net ... or a freedom-destroying federal power grab. For better or worse it’s a landmark event with reach and historic heft.

Does it crack the top five? If so which should be dropped from the above list? Leave your thoughts in the comments section below.

Actually, there’s a simple answer: Bush v. Gore drops off the list because by my definition it occurred in the previous decade. Well with that settled all that’s left is to say: Have a safe and happy New Year.

Tags:
Al Gore,
2008 presidential election,
9/11,
health care reform,
George W. Bush,
health care,
national security terrorism and the military,
War in Afghanistan (2001-),
John Boehner,
Hillary Clinton,
unemployment,
Republican Party,
Iraq war (2003-2011),
Sarah Palin,
Afghanistan,
Barack Obama

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Clinton’s misuse of jimmy carter’s Community Reinvestment Act lead to recession:

“In 1992, Congress mandated that Fannie and Freddie increase their purchases of mortgages for low-income and medium-income borrowers. Operating under that requirement, Fannie Mae, in particular, has been aggressive and creative in stimulating minority gains… Fannie Mae has agreed to buy more loans with very low down payments–or with mortgage payments that represent an unusually high percentage of a buyer’s income. That’s made banks willing to lend to lower-income families they once might have rejected.”

“The extremely left-wing New York Times noted in 1999 that the GSEs gave out the risky loans under duress from Democrat Bill Clinton.”

“Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.”

“According to the New York Times in 2003, George W. Bush tried to stop the Democrats from ruining the economy with these forced loans. He was blocked by Democrats like Barney Frank.”

“The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.”

http://winteryknight.wordpress.com/2009/02/22/democrats-caused-the-recession-and-republicans-tried-to-stop-it/

Bill Hedges of MO 4:12PM January 02, 2011

This great recession I refer to was created by a still existing problem of Derivatives Market (The largest Financial market on Earth. 400-500 $Trillion) and the Credit Default Swaps Market "CDS" (Possibly, The second largest market on earth Currently appx. $55 Trillion)

This following is a long sentence!

Without going into elaborate explanations of Securitizations and "Tranching" for Derivatives and The two-Party "Private" Agreements" of Insurer and insured that make up the World Wide CDS market, one could categorically state the volatility of bad securitized-debt in 2006-2007, that was part of the Derivatives Market in "Tranches"; and the terrible bets in the CDS Market as to the possibility of high volatility, in percentages of that debt defaulting, caused the need for huge amounts of currency to be dispersed world wide to preserve an undeserving Wall ST and International Banking Industry.

Sorry for the long sentence, it needed to be that way.

The sad fact is that our Financial Regulations, just passed, are far less than adequate to prevent another such disaster. For instance, the CDS markets were not made into a Public Market! Had it been, there would be Initial Margin requirements on Agreements. The Agreement would be recorded in a Public ledger to revue and Daily "Mark to Markets" would be collected and recorded.

Derivatives Have been collected and Tranched (grouped together in specialty formats) for fees over and over again. Their should be only one Tranching allowed.

A Super Glass Steagall Act was not em-placed. This would have genuinely separated Trading group from banking licenses which would have protected us far better. There should be public debates on these subjects to prevent another Great Recession.

Kenezen of FL 8:41AM January 02, 2011

I wonder if all "milestones in social evolution" are a good and positive. And I certainly have reservations about turning our military services into petri dishes of social experimentation and novelty.

I don't think judging the value of human life based on another's "wanting" of it is particularly enlightened. Nor, does it bode well for the lame, sick, or elderly. In the past 40 years killing the unborn has devolved from murder to a "choice". Is the "mercy killing" of other "unwanteds" far off?

Is changing the definition of "marriage" a civil right? If so, where is that found in the Constitution. Rights are not the same as words and definitions. Perhaps some words need to remain precise and exclusive. Nowadays, even the definition of "man" and "woman" is being blurred by progressive tolerance and inclusiveness. I wonder, where distorting the language to suit "evolving" cultural mores will take us.

I wonder why a publicly funded institution, like the Smithsonian, can have degrading expositions of Christ covered in urine, insects or feces - but couldn't (or wouldn't) have an exhibit praising Christianity and its influence on Western Civilization. More "social evolution" I suppose.

The nation suffered a sexual predator as president for 8 years, and another as a senator for over 3 decades. Even the Rad-Fems loved them - putting the "choice" of dismembering a baby in the womb, for the sake of personal convenience, above every other political, cultural and social issue. Ah... the true colors of neo-feminism.

Our families are barraged by explicit depictions of sex, drugs, perversion and violence. There is no avoiding it - billboards, magazine covers displayed at checkout lines, prime time in our living rooms, outdoor advertising, and endemic in our schools. Like the proverbial frog in the bubbling pot - happily basking until it boils.

"Social evolution" was largely responsible for spreading the AIDS virus and millions of dead. But progressives can't look that in the eye anymore than they can the true horror of abortion.

Tolerating the intolerable is not a virtue - nor is all "social evolution".

R.L. Schaefer of CA 1:21PM January 01, 2011

Robert Schlesinger

Robert Schlesinger

Robert Schlesinger is managing editor for opinion at U.S. News and World Report, overseeing all opinion editorial content. He is the author of "White House Ghosts: Presidents and Their Speechwriters." E-mail him at rschlesinger@usnews.com. Follow him on Twitter: @rschles.

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