Category Archives: Economy

Why Bill Clinton is Right on Medicare

Written By Ogenec

Another politician falls victim to the “hot mike.”  This time it’s good ol’ Bill.  Caught, as it were, in fragrante delicto with Paul Ryan.  As all good liberals and progressives know, Paul Ryan is the bete noire of all that is decent in the world, because he had the temerity to put forward a plan to reform Medicare.  Democrats ran on that in NY-26, turning a ho-hum special election in a Republican bastion into a referendum on the Ryan plan.  And the Democrat won!  For the first time in a long time, Democrats have Republicans on the run.  Visions of retaking Congress are dancing around in Democrats’ minds.  Hence the dispatch with which Senate Democrats forced a vote on the Ryan plan.  To the Dems’ delight, all the Republicans voted for it except for the self-avowed centrists and Rand Paul (whose beef is that the Ryan plan is insufficiently draconian).  So why, cry Democrats in anguish, would Bill Clinton choose now to play footsie with the enemy?

Here’s why.  It may be the case that the Ryan plan is a bad idea, on both political and policy grounds.  But that does not negate the fact that Medicare is a serious, and growing, problem.  The NY-26 lesson should not be to abandon efforts to reform Medicare.  Yet that is precisely the lesson Democrats seem intent upon drawing.  They will enjoy a short-term political boost as a result.  But in the medium- to long-term, they — and we — will suffer greatly for the abdication of leadership.

It’s difficult to discern the severity of the problem when one talks about Medicare in abstract terms, as I just have.  So let’s talk numbers.  Fortunately, I have the 2011 Medicare Trustee’s Report, published just this month. It’s a 273-page report, but you don’t have to read all of it. Virtually all the bad news is right up front in the Overview section:

  • The hospital insurance part of Medicare (Part A) is projected to go bankrupt in 13 years (2024).  That’s a full five years earlier than projected last year(!)
  • Part A has not met the Trustees’ test for short-term financial adequacy since 2003.  In 2010, $32.3 billion of trust assets were redeemed to cover the expenditure shortfall.
  • “The difference between Medicare’s total outlays and its ‘dedicated financing sources’ is estimated to reach 45 percent of outlays in fiscal year 2011, the first year of the projection.”  In plain English, Medicare is borrowing from the Federal Government nearly 50% of what it pays out.
  • As dire as the projections detailed above are, the reality is much, much worse.  That’s because the projections assume that the cuts in Medicare spending embodied in current law apply.  But, as everyone should know, the cuts are virtually certain not to apply.  Back in 1997, as part of the Balanced Budget Act, the Clinton White House and Congress agreed on “sustainable growth rate” triggers that would restrict Medicare reimbursements to doctors.  Medicare costs quickly outstripped growth projections in the Act, so the SGR cuts should have kicked in, right?  Well, no.  Each year since 2003, Congress has postponed implementing the cuts, even as the Trust Fund is required to assume that they will come into effect.  The cumulative effect of all the postponements is that in 2012, Medicare reimbursements would have to decline by 29.2% to comply with the Balanced Budget Act.  Never gonna happen.  Which is why the Medicare trustees take a dim view on whether the cost-containment measures contained in the Affordable Care Act will ever materialize.  Given the SGR experience, the Trustees — masters of understatement, they — call the prospect of ACA cost savings “debatable.”
  • If you are not scared by now, this last statistic should leave you slobbering in abject horror: The present value of the Medicare deficit through 2085 is $33.8 TRILLION.  That’s trillion with a T.  And that’s the present value of the deficit, not the aggregate amount in nominal terms.  Moreover, the $33.8 trillion merely represents the difference between Medicare assets and estimated outlays.  In 2085, Medicare assets would be zero.  Lastly, the $33.8 trillion number is based on the same optimistic scenarios discussed above, the same ones the Trustees concede are unlikely to materialize.  As a result, to quote the Trustees again, “actual long-range present values for HI expenditures and SMI expenditures and revenues are likely to exceed the amounts shown in table V.D2 by a substantial margin.”

Ladies and gentlemen, these are the cold, hard, incontrovertible facts.  We need to come up with at least $33.8 trillion in today’s dollars — and probably much more — just to keep Medicare going through 2085.  After which time the Medicare fund will have exactly zip, zero, nada, left.  This is the reality that Bill Clinton is reacting to.  And that is why he is cautioning Democrats not to sacrifice courage on the altar of political expediency.  Yes, the Ryan plan is a bridge too far.  But there is a wide gulf between Ryan’s proposal and doing nothing.  Democrats must do something.  It’s a moral imperative.

The other thing the $33.8 Trillion number points out is that the “solutions” proferred by liberals and progressives are anything but.  A surtax on the rich won’t generate anything near the kind of revenue required.  Sen. Sanders has advocated a 5.4% surtax on incomes above $1 million, which he estimates would generate approximately $50 billion in annual revenue.  That’s a mere pittance, given the enormity of the Medicare deficit.  Plus, it’s unlikely to pass.  Sen. Conrad has proposed a far more modest 3% surtax, which would cut nearly in half the expected revenue.  Most importantly, as James Kwak notes at Baseline Scenario, Medicare taxes already are progressive:

In some abstract sense, I would prefer to raise taxes on the rich instead. But I think we should look other places rather than Medicare to make the tax system more progressive. Medicare, like Social Security, is a progressive system even though its taxes on their own are not. Because everyone gets the same benefit, there’s already a large amount of redistribution going on; in addition, that benefit is worth more to poor people, because they are less likely to have other sources of insurance.

Neither will using Medicare to leverage lower drug prices — in fact, the drug portion of Medicare already is indexed to costs.  Per the Trustee’s report:

The SMI trust fund is adequately financed over the next 10 years and beyond because premium and general revenue income forParts B and D are reset each year to match expected costs.

Which makes the solution rather obvious, no?  Increase the payroll tax to reflect the rise in Medicare spending.  And let’s undertake a real effort to reduce healthcare costs.  And by that I mean real reductions, not artificial measures that don’t address costs at the source, but merely shift the increases in healthcare costs to others.  That’s what Congress tried with the SGR, and that’s why it doesn’t work.  And, as a certain someone predicted in 2009, that’s why the ACA putative cost savings won’t materialize either.

So Bill is right on Medicare.  There are any number of compelling reasons for Democrats not to demagogue this issue.  33.8 trillion on them, as it happens.

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Filed under Economy, News, Obama Administration, Politics, Pres. Barack Obama

California Throws Education Under the Bus

Written by: BlueDog89

California Gov. Jerry Brown recently proposed to cut more than $1 billion from higher education. Photo courtesy Associated Press.

Student activists and teachers unions in California are organizing statewide protests in opposition to Gov. Jerry Brown’s proposal to cut $1.4 billion from public colleges and universities.

Protesters at a demonstration at Modesto Junior College. Photo courtesy Turlock Journal.

California’s public education system is racked by threats of spending cuts due to the state’s fiscal crises, which include a deficit that has ballooned to more than $25 billion.

The California State University System is facing possible budget cuts of $500 million. The University of California would also face a $500 million cut under Brown’s budget proposal.

Brown has proposed cutting $400 million from the state’s community colleges, and raising tuition by 38 percent.

Modesto Junior College (MJC) administrators recently informed faculty members that jobs may be cut as the college attempts to shed $8 million from its budget.

MJC President Gaither Loewenstein answered questions about the budget cuts in a Q&A forum with students last week. He confirmed that the entire communications department, including majors in journalism, television and radio, would be cut in his budget reduction proposal.

Modesto Junior College President Gaither Loewensteinaddresses concerns over $8 million budget cut proposal. Photo courtesy Turlock Journal.

Other programs to end are culinary arts, communication graphics, architecture, engineering, industrial technology, dental assisting and all foreign languages, except Spanish and sign language.

The MJC West Campus library would close and be used as a learning resource center. Coach stipends would end, but competitive sports would continue.

Additional faculty and management employees would lose their jobs under Loewenstein’s budget proposal. Those layoffs would be effective June 30.
Reductions in salary or benefits for employees are not included in the proposal, which have yet to be negotiated.

Many students fear losing their favorite instructors, like anthropology professor James Todd. According to anthropology major and campus President of the Anthropology Club Priscilla Peralta, the department will be crippled with the layoff of Professor Todd. “Anthropology is a much needed discipline and should continue to be offered to the fullest extent,” said Peralta.

Loewenstein said that the decision to target specific programs rather than split the cuts across the board was intended to leave the college with fewer strong programs instead of making the entire college mediocre.

Californians need to step up, get involved with their schools, and reach out to school administrators and congressional representatives about this issue.

Ms. Peralta urges those who support her cause to send a personal message to Modesto Junior College President Gaither Loewenstein via email at loewensteing@mjc.edu.

In addition to getting personally involved with the schools in your community, education advocates encourage citizens to express their concerns to Gov. Brown. He may be reached via phone at 916.445.2841 or log on to his website to post a comment http://gov.ca.gov/m_contact.php.

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Filed under Anthropology, California, Civil Protest, Economy, Education, Governors, Students, Teachers, Unions, United States

Jon Stewart Slams Wall Street For Stock Market Crash

Jon Stewart took on the dramatic dropping of the Dow last night, mocking Wall Street for not only letting this happen, but skirting responsibility, blaming the plunge on a “perfect storm” of circumstances.

And as Stewart found, this is not the first time the “perfect storm” excuse has been used over the years, prompting him to lay into Wall Street for the ineptitude:

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Filed under Economy, Greed, Jon Stewart, Jon Stewart's The Daily Show, Uncategorized, Video/YouTube

Duty and Honor

Posted by: BetsM

Op-ed by Gary Hart

Gary HartOf the many reasons for public discontent with government generally and Congress particularly, none is more obvious than the wholesale movement of former members of both Houses of Congress into the lobbying business. The massive lobbying industry is quick to remind us that lobbying is perfectly legal, or perhaps it is better to say not illegal, and that it has been going on from the beginning of parliaments. That may be technically true, but it neglects the critical point that, when conducted by former members of Congress, and now increasingly their wives and children, lobbying is a sophisticated way of trading titles provided by voters for substantial personal gain.

No one truly believes that John Doe is as valuable to his lobbying firm and its corporate clients as former Senator John Doe is. Senator John Doe adds prestige to the firm. More importantly, he can open doors in the offices of his former colleagues. In the lobbying business, that is pure gold. The core and centerpiece of the lobbying business is ACCESS. It is possible to count on the fingers of one hand the number of members of Congress who refuse to see a former colleague.

My relatively few years in elective office spanned a critical transition time. Very few of my Senate colleagues from the 1970s became lobbyists. For most of the great ones it was a matter of self-respect and personal honor. By the time I retired from office in the later 1980s, not only former Senators but also their wives and sons and daughters were joining or forming lobbying firms and making a very great deal of money. It would take more than blog space permits to analyze the reasons for this transformation. But much of it had to do with the triumph of money over that earlier sense of personal honor. No American has the right to trade an office and a title bestowed upon him or her by the people for personal gain.

Senators Michael Bennet and Jon Tester are sponsoring legislation to bar Senators from lobbying for life. I would find it amazing if there were even committee hearings on this proposal, let alone a vote on the floor of the Senate. But such a measure would do more to demonstrate that the current Senate is serious about recapturing its dignity, its respect, and its sense of honor than any other single step I can think of. And perhaps most of all, it would go a very long way to restoring the confidence of the people in their government.

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Filed under Congress, Greed, Money, Uncategorized

Kiss My Ash

Posted by: TheLCster

Written by Robert J. Elisberg

We’ve gotten to the point where the public today accepts glib political demagoguery from spokesmen for the Republican Party. Certainly, ideas and discourse exist in the GOP, but they’ve been elbowed out of the center ring. And of course there’s nothing acceptable about it. Because there are consequences to their words.

Mind you, I’m not referring to normal, everyday political razzle-dazzle. Lying, exaggeration, double-speak. That’s the lifeblood of all politics. Democrats included.

No, I’m talking about those who rant what they know not to be true, or don’t remotely believe in, or couldn’t care less whether it’s true or not, solely because the only thing they want is to create divisive anger in crowds and do nothing more than score political points.

There are consequences to their words.

All parties have long had irresponsible demagogues. But it has become a driving force within the Republican Party because of their lockstep march against All Things Obama.

Of course, today’s glib political demagoguery starts further back, fine-tuned during the Bush Administration which took the responsibility of national leadership and played it as if it was paintball. The whole “you’re with us or you’re a terrorist” mindset may have been great politics, but there were consequences. When your game is to destroy a CIA agent fighting that very terrorism, the points you get weaken America.

Glib political demagoguery is the thoughtless game that got Dick Cheney telling Treasury Secretary Paul O’Neill, “Reagan proved that deficits don’t matter.” That too was fine politics – but there were consequences. A national debt doubling to $12 trillion. A budget deficit of $482 billion from surplus. And all America is digging ourselves out of them now.

This all hit home very clearly over the past month, as GOP glib political demagoguery has repeatedly showed its consequences, in all its devastation.

The most prominent, of course, is the agonizing disaster of the Gulf of Mexico oil spill. For two years, Republicans from Sarah Palin, John McCain, Mitt Romney, Rudy Giuliani, Michael Steele and beyond, have hyperventilated with their “Drill, Baby, Drill” pontification, not caring its risks, just that it was grand politics for riling up crowds. And now we see the ghastly consequences.

Already 1.6 million gallons of oil have spilled. It could reach past 11 million. In only one day, the slick went from an unthinkable 1,150 square miles to over 3.800. It’s growing faster than The Blob, and nearing the pristine Florida Keys. This is an economic disaster of such catastrophic proportions it could impact the climate. And 11 workers killed.

(It’s a macabre observation that oil is the sole area Sarah Palin has claimed supposed “expertise.” That was never expertise, mind you, but we see the naked Emperor’s Clothes laid bare. Imagine now how empty the rest of her non-existent qualifications are. And not a word from her since the disaster.)

Yet within just the past month, this is far from the only gruesome case by Republicans of glib political demagoguery that has resulted in crushing consequences.

Think back if you will to February 24, 2009. Louisiana Governor Bobby Jindal was selected by the Republican Party to deliver its response to President Obama’s State of the Union Address. With dripping ridicule, Mr. Jindal derided the Obama stimulus investment of “$140 million for something called volcano monitoring.”

Never mind that Sarah Palin, then still governor of Alaska before resigning, let the glib political demagoguery pass. The callousness of this GOP strutting showed itself only a month later, when Mt. Redoubt erupted – in Alaska. There are consequences to glib political demagoguery. Far-greater devastation was only averted because of early volcano monitoring.

But even this isn’t the point. Because, remembering Bobby Jindal and the GOP’s calculated, snide mocking of “something called volcano monitoring,” as if it didn’t matter, as if it was a fake-Socialist, Big Government waste by Barack Obama because he’s Barack Obama – only weeks ago, the entire world saw this:

When Eyjafjallajokull Volcano in Iceland erupted, airline travel came to a complete halt throughout Europe. World commerce was suspended. The world’s climate was impacted. There were a billion dollars in losses. “In terms of closure of airspace, this is worse than after 9/11,” said a spokesman for Britain aviation. “The disruption is probably larger than anything we’ve seen.”

And only a year earlier, the GOP spokesman said: “Instead of monitoring volcanoes, what Congress should be monitoring is the eruption of spending in Washington.”

I’m guessing they’d like to take back that wisecrack about “eruptions.”

This is why government monitor volcanoes. It matters. It has consequences.

It all matters. It all has consequences.

Again.

And again and again.

Like when you engage in glib political demagoguery to rile crowds and endlessly repeat a snarky mantra for political points by attacking “cap and trade” and roaring that “clean coal CLEAN COAL” is the solution, the only solution, the easy answer, you knowingly ignore that there are consequences. And one is the Upper Big Branch mine disaster with 29 men dead.

Disagreement is good. So, too, is active opposition.

But glib political demagoguery is where the line gets drawn.

Our words matters. When you create anger in others to score political points, dismissive of what the devastating results could be, you do not deserve to be on the stage.

The gravest oil disaster in U.S. history. The biggest airline disaster in world history. A mine disaster leaving 29 me dead. All within the last month alone.

The longer list makes it more shameless.

There are consequences for your words.

Far too many Republican spokesman have tried to gut the United States with a shiv, all for 30 pieces of silver and craven political expedience. Too many others in the GOP have quietly, sheepishly acquiesced and enabled them.

Go. Let the adults talk. Let the good and serious people still in your party – and all parties – have the microphone back. You’ve shown your worth. The world can no longer afford you.

Robert J. Elisberg has been a commentator and contributor to such publications as the Los Angeles Times, Los Angeles Daily News, Los Angeles Magazine, C/NET and E! Online, and served on the editorial board for the Writers Guild of America. He has contributed political writing to the anthology, “Clued in on Politics,” 3rd edition (CQ Press).

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Filed under Democrats, Disaster, Environment, Greed, Republicans, Uncategorized

President Obama Makes Statement on Economy and Oil Spill

Posted by: Audiegrl
Written by: Jessie Lee


REUTERS: ANOTHER OIL RIG OVERTURNS IN GULF COAST… DEVELOPING…

That Economic Heartbeat is Growing Stronger

President Obama comments on the first quarter 2010 GDP numbers in the Rose Garden of the White House, April, 30, 2010. President Obama is joined by representatives and workers from two U.S. manufacturers, Itron, a Washington state based manufacturer of smart energy meters, and A123 Systems, a Massachusetts based advanced battery manufacturer, that are expanding production and hiring as a result of Recovery Act investments in innovation and technology. (Official White House Photo by Chuck Kennedy)

Earlier today, President Obama delivered remarks on the oil spill in the Gulf of Mexico before talking about the economy. He explained that while BP is ultimately responsible for the costs of cleanup operations, the government has been discussing the response effort with BP and is prepared to help affected communities.

He announced that there are now five staging areas to protect sensitive shorelines along with federal response personnel in the area and response vessels and aircraft on the scene. The President also said that Secretary Salazar will conduct a thorough review of the oil spill and report on additional precautions and technologies that should be required to prevent future accidents.

So, let me be clear.  I continue to believe that domestic oil production is an important part of our overall strategy for energy security, but I’ve always said it must be done responsibly, for the safety of our workers and our environment.  The local economies and livelihoods of the people of the Gulf Coast as well as the ecology of the region are at stake.  And we’re going to continue to update the American people on the situation in the Gulf going forward.

The President then discussed the GDP report released today, which shows that the economy grew at a rate of 3.2 percent as opposed to last year during the quarter when it shrank at a rate of 6.4 percent. He explained that the number shows that the “economic heartbeat is growing stronger,” but that he measures progress by a different pulse – “the progress the American people feel in their own lives day in, day out.” The President stated that “the work of moving the economy forward remains our focus every single day.”

Now, government can’t replace every job that has been lost. That’s not government’s role.  It is America’s business all across the country — the private sector, businesses — that have always been and will always be the engines of our job creation.  Our task, then, is to create the conditions necessary for those businesses to open their doors, expand their operations, and ultimately hire more workers.

That’s precisely what we’ve tried to do by cutting taxes for small businesses; by backing thousands of loans supporting billions of dollars in lending; and by making targeted investments in the areas of our economy where the potential for job growth is greatest -– areas like clean energy.

He talked about Itron and A123 Systems, both companies that were able to capitalize their growth by taking advantage of the Advanced Manufacturing Tax Credit in the Recovery Act, which helped several companies hire more workers, add equipment, boost output, and promote American business in the clean energy industry.

In fact, this program was so successful that it was oversubscribed by a ratio of three to one.  That’s why I’ve called for an additional $5 billion in investment into these projects to accelerate the creation of clean-energy jobs in America’s factories.  Because every time a new factory or plant opens or expands in America, it becomes important to more people than the workers it employs; it becomes an economic lifeline to a community, capable of supporting dozens, or hundreds, or even thousands of jobs indirectly.

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President Obama Visits Missouri On Main Street Tour

Posted by: Audiegrl

Clean Energy Leadership from the White House to Main Street

President Barack Obama tours a farm with Agriculture Secretary Tom Vilsack, left, and Marcia Schachtsiek in Palmyra, Mo., April 28, 2010. (Official White House Photo by Pete Souza)

Carol Browner~Over the past two days, President Obama traveled to Iowa, Missouri and Illinois as part of his Main Street tour. He witnessed the hardships that Americans are facing from the economic crisis that plagues our nation. However, he also witnessed the possibilities and opportunities for growth that are happening all over the country, through investment in our clean energy economy.

After traveling throughout Iowa, touring a farm and holding a town hall meeting at a Community College, on Wednesday the President headed to Macon, Missouri. Macon is home to the POET Biorefinery, a plant that produces ethanol from crops grown right here in the United States.

President Barack Obama with Agriculture Secretary Tom Vilsack, left, tour the POET Biorefining Plant in Macon, Mo., April 28, 2010. (Official White House Photo by Lawrence Jackson)

Families in Macon and Fort Madison, like many others across this nation, know all-too-well the hardships of this recession. But these towns, and many others across the country, are getting back to their feet – and we are doing all we can to help. Last year we made the largest investment in the clean energy economy in our nation’s history, which is expected to create more than 700,000 jobs by the end of 2012. These are jobs not just in providing the parts and technology to create power from the wind or fuels from the land, but in manufacturing solar panels, in building the wires and mechanics behind our smart meters, in creating next generation batteries – the list goes on.

Other nations realize that the country that leads the clean energy economy will be the country that leads the 21st century global economy. The President is dedicated to making the United States that country – and is inspired by the small towns across rural America that provide the backbone for this effort. Towns like Macon and Fort Madison can be models around this country, and I’m confident one day we’ll look back to these places as some of the engines of this new clean energy future.

As extraordinary the work that towns like Macon and Fort Madison are doing, these plants can’t solve all our energy challenges alone. But their work is a key part of a comprehensive strategy to move us from an economy that runs on fossil fuels to one that relies on homegrown fuels and clean energy. And the President knows we can come together on this issue and pass comprehensive energy and climate legislation that will spur a new generation of clean energy industries, create good American jobs, and enhance our energy security.

Carol Browner is the Assistant to the President for Energy and Climate Change.

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President Obama visits Peggy Sue’s Café

President Obama leaves Peggy Sue's Cafe in Monroe City, Mo., with his to-go order of a cheeseburger and fries. (H-W Photo/Phil Carlson)

KTVO3~What would you do if you were enjoying your lunch and in walks the president of the United States?

Well that’s exactly what happened to diners at Peggy Sue’s Cafe in Monroe City.

President Obama made an unexpected stop for lunch a little after 11 Wednesday morning.

Staff was informed they would have a special guest for lunch several minutes prior to the president’s arrival.

Obama mingled with diners and ordered a cheeseburger and fries to go and even picked up the check for everyone at his table.

“I’m on a natural high, I have never felt like this before, I am so wound-up I thought I was just gonna get up and mow the yard today and I feel like I could conquer the world now. So it’s enthralling, it’s awesome,” said Peggy Sue’s Stepdaughter Kayla Klocke.

“I was late coming in and I came across like she did and it’s like ‘Stop! You can’t go!’ I’m like ‘I work here I need to get in,’ and they searched my purse and searched me and then let me in and they were like ‘he’s coming.’ I was like ‘oh my gosh,’” said Peggy Sue’s Café Waitress Jodie Clarkson.

Both women described the president as down to earth and very nice. They said he discussed farming, the military, insurance, and banking with customers.

“I didn’t really have a good impression of the president beforehand but I mean he’s down to earth, he seems like he’s interested especially in the farming industry and helping people, very appreciative of service members for sure there were some outside too that he went straight to them and shook their hands,” said Klocke.

After President Obama left Peggy Sue’s Cafe he crossed the street to speak to employees at an insurance agency.

Peggy Sue said as soon as the secret service sends her the pictures they took she will put them on the wall for everyone to see.

Quincy Herald Whig~President Barack Obama’s unexpected stop at a Monroe City cafe gave hundreds of people a chance to see him, shake hands, show support or show displeasure.

“He was very personable, very congenial,” said Joyce Anderson, office manager at See Real Estate, 216 Main, where the president also stopped.

Obama spent about an hour in town, posing for photos and listening to comments and sharing his views on health care, agriculture, crop insurance and jobs. Some questions were also directed to the Secretary of Agriculture.

“It was a very nice visit,” Beth Garner said.

She said she got to speak with the president for about 15 minutes, sharing her concerns about how health care reform will affect her and her neighbors.

“He sounded like he knew what he was talking about,” she said. “I told him I hope things work out the way he plans.”

Greg Cooper, co-owner of LaRue Insurance Agency, 216 N. Main, was most impressed by what he felt was a the president’s personal concern for the people’s problems.

After responding to his “how are you doing?” with talk of jobs and cutting costs, the closing of one factory and the local takeover of another, “we’re improving,” Cooper told the president.

“Yes, but how are you doing?” he said the president responded.

Lori Summers, 36, of Monroe City, chanted “Yes we can,” in an effort to attract the president’s attention. It worked, as the president stepped back to shake her hand after heading toward the motorcade.

“This is historic. Monroe City is a little town and this is amazing,” said Summers, an African-American who wore a shirt with the president’s picture on it.

Slideshow photos by Getty, AP and Reuters

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Filed under Change, Economy, Green, Missouri, Pres. Barack Obama, Uncategorized