SMRs and AMRs

Friday, November 06, 2009

Is Healthcare Obama’s Waterloo?

Obama Faces His Anzio

By PAUL KRUGMAN
NYT

Remember those Republican boasts that they would turn health care into President Obama’s Waterloo? Well, exit polls suggest that to the extent that health care was an issue in Tuesday’s elections, it worked in Democrats’ favor. But while health care won’t be Mr. Obama’s Waterloo, economic policy is starting to look like his Anzio.

True, the elections weren’t a referendum on Mr. Obama. Most voters focused on local issues — and those who did focus on national issues tended, if anything, to go Democratic. In New Jersey, voters who considered health care the top issue went for Gov. Jon Corzine by a 4-to-1 margin; Chris Christie won voters who were concerned about property taxes and corruption.

Yet there was a national element to the election. Voters across America are in a bad mood, largely because of the still-grim economic situation. And when voters are feeling bad, they turn on whomever currently holds office. Even Michael Bloomberg, the mayor of New York City, saw his supposedly easy reelection turn into a tight race.

And challengers did well even if they had no coherent alternative to offer. Mr. Christie never explained how he can reduce property taxes given New Jersey’s dire fiscal straits — but voters were nonetheless willing to take a flier.

(More here.)

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