Saturday, August 5, 2017

The Shameful Editors of the Wall Street Journal (WSJ)

Today, I am a very, very disappointed subscriber of the WSJ.  I woke to read that the editors accuse Senator McCain of being a back stabber.  I have both written and called the paper to tell them otherwise.    I post a copy of my letter to the editors below.

I find your caricature of John McCain in your editorial entitled, A Republican Failure, extremely offensive.  Mr. McCain has served our country well.   His refusal to bend and break under unimaginable torture as POW demonstrates his dedication to his fellow man.  If he did not stab his fellow man in the back then why would he do it near the end of his life?

Moreover, you fail to recognize the true problem.  The problem is lack of leadership, which starts at the top.  Donald Trump has been a failure. He does not understand the problem and as such he cannot help the Republicans improve their aim (i.e. stated goal).

The goal should be in three successive steps: first contain, then stop and then reduce the cost of healthcare.  This goal may require repealing parts or all of the ACA, but repealing ACA does not truly address the causes that have led to healthcare costs increasing on average 250 bps more than GDP over the past 50 years.  Government regulation crafted by both parties during this period has created an industry that works in an oligopoly framework.  Both parties must work together to unwind this mess.