President Obama is reportedly going to make a major speech next week outlining a new strategy to counter opposition to health reform, including potential areas of compromise, according to Reuters.
As much as I like and support Obama, I don’t expect any major changes in his approach. He’s a consensus builder by nature; although I wouldn’t mind seeing him come out swinging.
The big question is whether he will say outright that the public plan is off the table — or simply doom it by omission. Notes Wachovia analyst Matt Perry:
The speech is likely a response to the loss of momentum that has occurred over the Congressional recess….Momentum has shifted to such a degree that a public plan is now unlikely to be implemented, in our view. Obama needs more public support to pass health care reform. To turn the tide, we expect compromises in the coming weeks. Obama’s speech next week may be the first concrete sign of compromise.
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