Krauthammer nails it, as usual: "Yesterday, Barack Obama was God. Today, he’s fallen from grace, the magic gone, his health-care reform dead. If you believed the first idiocy — and half the mainstream media did — you’ll believe the second. Don’t believe either.
"Conventional wisdom always makes straight-line projections. They are always wrong. Yes, Obama’s aura has diminished, in part because of overweening overexposure. But by year’s end he will emerge with something he can call health-care reform. The Democrats in Congress will pass it because they must. Otherwise, they’ll have slain their own savior in his first year in office...
"The beginning of the retreat was signaled by Obama’s curious reference — made five times — to “health-insurance reform” in his July 22 news conference.Reforming the health-care system is dead. Cause of death? Blunt trauma administered not by Republicans, not even by Blue Dog Democrats, but by the green eyeshades at the Congressional Budget Office...
"Three CBO strikes and you’re out cold. Though it must be admitted that the White House itself added to the farcical nature of its frantic and futile cost-cutting when budget director Peter Orszag held a three-hour brainstorming session with Senate Finance Committee aides trying to find ways to save. “At one point,” reports the Wall Street Journal, “they flipped through the tax code, looking for ideas.” Looking for ideas? Months into the president’s health-care drive and just days before his deadline for Congress to pass real legislation?
"You gonna give this gang the power to remake one-sixth of the U.S. economy? Not likely. Whatever structural reforms dribble out of Congress before the August recess will likely not survive the year. In the end, Obama will have to settle for something very modest. And indeed it will be health-insurance reform..."
http://article.nationalreview.com/?q=MzQyZTRhMzFjOTliOTFmYjQ0NTcyNmQ3NGRiYjY4NDg=
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