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wTuesday, May 20, 2003

Hey, go read the Washington Post's Editorial Page today.

You'll get an op-ed from Sen. John Edwards on reforming the medical malpractice insurance industry:
What the president's proposal won't do is work. Insurance premiums have spiked recently because of insurance companies' losses on their investments, not their losses to victims. In fact, about half the states already have some limits on victim compensation, yet premiums in states with caps average about the same as premiums in states without caps. California finally controlled rates not by attacking victims -- that didn't work -- but by reforming the insurance industry and rolling back premium increases.
He's a smart guy, if we didn't live in bizzaro world, everything he says would already be law.

Next up, Warren Buffet (the third richest man in the world, if I remember correctly) tells us that a dividend tax cut is a really bad idea:
When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a "break" requires -- now or down the line -- that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch. And last week the Senate handed the bill to the wrong party.

Supporters of making dividends tax-free like to paint critics as promoters of class warfare. The fact is, however, that their proposal promotes class welfare. For my class.
I always liked the old coot. Salon had a story on him a while back that pointed out his unwillingness to change the way he did business during the 90s, which is why his company was pretty much unaffected when the bottom fell out of the economy.

Richard Cohen has a fairly entertaining ramble that starts off funny and then gets serious without ever suggesting a solution. I've got one.

And then E.J. goes to bat for Kerry:
That's what made Sen. John Kerry's speech yesterday about service and citizenship so interesting. Of course, no one can be against national service or patriotism. President Bush speaks often about these subjects and has appointed some good people to lead his service effort. He could have killed the AmeriCorps program, President Clinton's creation. Instead, he morphed it into his USA Freedom Corps.

True enough. But Kerry gave the service idea a new twist. Drawing from fellow Vietnam veteran John McCain's rhetoric -- Americans, Kerry said, "think elected officials no longer ask them to serve a cause larger than themselves" -- the Democratic presidential candidate cast patriotism and community-mindedness as the opposites of "get-mine and get-out rhetoric" and of "a creed of greed." These he associated with Bush's overall approach to domestic policy.

All in all, nice page today. But it doesn't make up for the fact that Krugman isn't in the New York Times this morning. =(

posted by Matthew Carroll-Schmidt at 12:16 PM

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