Seven score and thirteen years ago this month (November 19, 1863), Abraham Lincoln delivered his renowned Gettysburg Address at the dedication for the Soldiers National Cemetery. With the ravages of the ferocious July battle still evident, President Lincoln’s two-minute address redefined American democracy and its “Union” of states within the context of the nation’s bloody sectarian battle over slavery.
I spent a couple days in New York this week and noticed an energy for business I don't experience in other cities. In every restaurant, coffee house, and shared business space I spent time in, individuals and groups were meeting to discuss their next new idea, offer, and deal.
Two weeks ago, I distributed a 5-Point healthcare plan for presumed President-elect Hillary Clinton. That was then. In a remarkable and unprecedented election surprise, Donald Trump defeated Hillary Clinton and will become the 45th President of the United States.
Last week’s election should be dubbed the revenge of the neglected. The outcome would have been different if Hillary’s strategists had taken to heart James Carville’s famous quip in 1992, “It’s the economy, stupid.” I remember it well, because I pulled together Bill Clinton’s economic program for the 1992 campaign. Of course, today’s economic problems are different from those of a quarter-century ago. But the political manifestation is virtually the same – tens of millions of Americans justifiably dissatisfied with their economic conditions and prospects.
Enrollment for purchasing 2017 health insurance on public exchanges began November 1st. Headlines for this fourth enrollment period include: 22% average price increases; major health insurers dropping coverage; and some exchanges only a single insurer offering health plans.
While Obamacare reels, its Healthcare.gov website functions smoothly. That was not true three years ago when the Obama administration launched HealthCare.gov. Curious consumers overwhelmed the website. It crashed repeatedly, catastrophically and almost died.
Many facile comparisons have been made between Brexit and the election of Donald Trump today.
They have an important element in common. But the commentators have missed it.
It is said that both represent a backlash against globalisation. Others say it is a revolt of the uneducated, the marginalised, the people who have been left behind. Others emphasise the reaction against excessive immigration: “We want our country back”.
This US election cycle has had more ups and downs than Game 7 of the World Series. The sturm und drang has perhaps defocused us from current issues and uncertainty clouding the global economy. In our commentary roundup, we will get the US out of the way first, but won’t neglect China, Russia, and the UK, each facing crises of their own. We will end with steady-as-she-goes Japan, and baseball. Fun fact: the victory parade here in Chicago on Friday was the 7th largest gathering of people in human history.