Hoffmeister points to a Journal editorial written by none other than the great partisan, Karl Rove, saying that the Democrats actually want healthcare reform to fail so they can blame the Republicans.
"Three quarters of the electorate, roughly, when presented with this proposition, could barely stifle a yawn, " he said, hinting that plans for Lords reform would also fail to engage voters.
If a large financial institution should ever fail, this reform gives us the ability to wind it down without endangering the broader economy.
After the American farm bill last year, and the EU's anaemic efforts to reform its common agricultural policy, the Doha round had looked set to fail.
If we fail now to pass cost-saving health care reform, we condemn generations of Americans to a life with little or no health care coverage under the status quo.
It clearly does not, and if the only impact of this scandal is to make sure that illicit payments are simply moved offshore in future, where they will be so much harder to find, then any reform will fail.
Efforts are nevertheless under way to reform the CAP, but if they fail, the chance of progress in the Doha talks will shrink.
If Congress and the President fail to enact them, the technology industry will keep fighting for reform.
We certainly have sought that in regulatory reform to address this concept of too big to fail and, again, want to make progress on those issues during this Congress.
Another of their projects, reform of the House of Lords, looks set to fail.
Tamar Jacoby, president of ImmigrationWorks USA, worries that a symbolic or partisan feint at reform this year could fail and then simply make it impossible to muster the support that will be needed from both parties in 2011.
ECONOMIST: The consensus-wrecking impact of the coming elections
This came to mind as our legislators tied themselves in knots during the financial reform debate trying to eliminate too-big-to-fail without actually helping anyone.
FORBES: The Cynical Populism Of Opposing Unemployment Benefits And Bailouts
But as a warning that big banks are always likely to be too big to fail, whatever the claims made of America's new financial-reform bill, it has the wisdom of experience.
So we shouldn't be spooked by this notion that, well, is now the time to take seriously in an intelligent way, not in a knee-jerk way, the challenge of financial regulatory reform so that you don't have banks that are too big to fail and you're not putting taxpayers at risk and you're not putting the economy at risk -- now is the time to do it.
WHITEHOUSE: President Obama Takes Questions from Senate Democrats
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