“I believe in the Kansas way, not the Obama way,” GOP gubernatorial candidate Sam Brownback said, vowing to fight federal health care reform, which he called “an abomination.” Well, what exactly is the “Kansas way”? An estimated 350,000 Kansans lack health insurance, according to new census estimates. And during his 16 years in Congress, Brownback hasn’t done much to help them or to curb rising health care costs. Meanwhile, thanks to the reform law, more than 260,000 Kansans will get a tax credit beginning in 2014 to help reduce the cost of private health insurance, according to a new report from Families USA.
The public loves to hate the Troubled Asset Relief Program, which was approved during the Bush administration and expired Sunday. But as distasteful as it was to bail out investment banks and insurance companies, TARP was remarkably successful. Originally budgeted at $700 billion, TARP is now expected to be a $29 billion loss for taxpayers, according to a new Treasury Department report. And that loss is from the investments in the housing finance program and auto bailout, not Wall Street banks. As a Washington Post editorial concluded: “TARP helped save the United States from an economic collapse and bought time to get America’s house in order under calmer circumstances. Goodbye, TARP. Good riddance — and thanks.”
Republicans are favored by only 3 percentage points over Democrats among registered voters in a generic ballot for Congress, according to a new Gallup survey. But when Gallup divided the survey results based on who is likely to vote and what the turnout might be, the GOP lead jumped. If there is a high turnout of likely voters in November, Republicans have a 13 percentage point edge. Even more worrisome to Democrats: If there is a low turnout, Republicans have an 18-point edge. That caused John Fund of the Wall Street Journal to wonder whether “some word more cataclysmic than ‘tsunami’ would be needed for the Democratic losses.”