We said pretty much the same thing yesterday (It’s All Bailout, All the Time). So we’re on the same page as Carl McDonald of Oppenheimer when it comes to the prospects of healthcare reform in 2009.
Writes McDonald: “All the enthusiasm that has been built up around meaningful health care reform in 2009 under a new administration probably won’t result in too many major changes. Health care reform will be extraordinarily difficult to achieve in the best of circumstances, and it’s easy to argue that things are not good these days. The national debt is approaching $10 trillion, the federal deficit is now projected to be more than $400 billion for the fiscal year ending September 30, the government has already committed several hundred billion dollars to try and bail the country out of the ongoing housing crisis, and most people today care more about what they are paying for gas every week than they do about the cost of health care.”
What the word I’m looking for? Ugly!
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