Tuesday, August 18, 2009

The Pete Morin News Service--Issue #13

News flash from Washington, DC, August 18, 2009

President Obama will be headed shortly for a vacation on Martha’s Vineyard where he’ll take a much needed break from the controversy of healthcare legislation. As a prelude to this trip, he’ll be checking in to Walter Reed Hospital for a complete physical at 8 am. To show how a public option would work in Americans favor he stood in line with other people waiting to be seen, but had to leave due to time constraints at 9 pm without seeing a doctor.

Both Representative Barbara Lee (D-CA) and HHS Secretary Kathleen Sebelius have made statements today that a public option is a must in any legislation coming out of Congress. In their words, it would “keep insurance companies honest”. They then boarded their private jets for an undisclosed location somewhere in the south of France.

President Obama has repeatedly said that opponents of his healthcare plan have no alternatives, but the Patients' Choice Act (H.R. 2520) introduced this May by Rep. Paul Ryan (R-WI) in the House and by Sen. Tom Coburn (R-OK) in the Senate (S. 1099) offers such a choice. When Obama was made aware of this proposed legislation his response was, ‘what is H.R. 2520 and who are these guys”?

Big national retailers are beginning to worry about consumer spending and the effect it is having on not reviving the economy. "Not only has employment fallen, but a lot people are facing salary freezes or other cutbacks," said Lou Crandall, chief economist of financial-research firm Wrightson ICAP. "That is going to have a significant drag on consumer spending going forward." Shoppers at a local mall were also concerned about the economy. Bill(last name withheld) who was looking for a wetsuit said, “my house is underwater; my car is underwater; my credit cards are maxed out and my bank balances are zero”. He then left with his wife to go to a travel agency to purchase tickets for a flight to the south of France.

This news clip provided by the Pete Morin News Service

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