Recovery and Healthcare Dominate the Economics Blogosphere This Summer at Bullfax.com
Bullfax.com the popular market news and analysis web service presented a summary of the main business and economic issues that kept the blogosphere, academics and market professionals busy this summer.
There is hardly anyone around the world left unaffected by the credit crunch and the ensuing global recession. Just as global pandemics, this recession spread quickly along the main economic powerlines and by now it has circumnavigated the planet. Logically is at the United States itís ground zero that recovery has started first.
According to www.bullfax.com editors the big question now is how sustained will the recovery be. Almost all commentators agree that the recent improvement has come as a result of the vast stimulus passed by the Obama administration, at a considerable debt cost. Some argue for a second stimulus, but the majority of economists are cautious to advise it before the full effect of this yearís spending has been gauged. Perhaps most worrying is the prediction of some on-line writers, for now a minority, that we may be seeing a false economic dawn. Comparing economic performance to past recessions - most notably the Great Depression they warn that a new plunge in global markets is possible.
The consensus as a general however is that right now the American economy is improving. This, combined with the positive, even surprisingly positive growth figures from China and Europe makes many economists, for the first time in a while, optimistic.
There is even less consensus on another major problem that has been taken apart by almost all economic and political commentators in recent weeks - healthcare. The Obama administrationís healthcare plan has turned into wide a public debate not only about the economy , but the role of the government, social spending and responsibility. Again the Bullfax.com follows the wide range of views and ideas presented by participants in the debate.
Analyzing or at least giving his estimate of healthcare planís economics effects has been a challenge no economist can resist. Yet whatís more interesting is that almost all of the views presented are not only economically, but also politically justified.
ďHealthcare debate is about much more than numbers. Itís the idea of social well-being, and putting a price tag on human fates. We are fascinated by the way this debate transcended into the core problems that have moved American politics and even political philosophy in the past decades. The healthcare debate has been a pretext to have a serious public discussion not only on role of the government, but also on social solidarity and cohesion in American society. In this American split on one hand you have the libertarians, who want, not only in healthcare as little government as possible, on the other there is a growing majority of social idealists who realistically believe that a welfare state is possible in the United StatesĒ. The outcome of this, originally economic debate will mean a great deal to the United States future, predict the bullfax.com analysts.
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