People who have never faced an unpleasant unraveling walk around with a notion that danger would be exotic, fun and adventurous. You get to be Bilbo Baggins, and beat out Gollum at a game of riddles. The end of the world will unspool like those awesome Indiana Jones movies and everyone should get their popcorn and gun collections ready. This isn’t how it works. Bad history becomes tedious, painful, depressing and confusing instead.
Such is very much the case with the current Healthcare Debacle which, as Peggy Noonan has astutely pointed out, “he’s (President Obama) been promising for a year will be passed next week.” While we spent that year waiting for next week, we spent that year essentially paralyzed. The economy, the banks, the business leaders all held up on all but the most essential activities until The Scalpel of Damocles has either been withdrawn or has made its grievous cut. No knew risks were taken, no risky investments in high-tech start-ups got made. The animal spirits of Keynesian fame have all been taken to the pet shelter until we know what the rules will be next week.











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