Wednesday, October 2, 2013

How Important Is Name Association? Here's One Example Regarding Obamacare

The two biggest news stories that dominated headlines in the United States yesterday both involved the President's recent changes to the healthcare system. The first would be that it opened up for business yesterday, and from what I have seen and read thus far, a lot of people are visiting the home page to consider their options.

The other big story was more indirectly involving that healthcare system, and that was the government shutdown following a rather fabricated and exaggerated Congressional showdown, in which the Republicans tried to force their hand against the Democrats, first threatening, and then actually going ahead with, a proposed government shutdown.

I have a feeling that, just like in the 1990's, this will backfire big time on the Republicans, who lost last year's election, yet are still trying to get everything that they want, and then blaming Democrats for not being willing to compromise. I'm no Democrat, but the truth of the matter is that Republicans are supported by far too many absolutists who are unwilling to budge an inch, and then whine and criticize everyone else for refusing to compromise and see things their way.

Be that as it may, this new healthcare act really is not very popular. Yet, it depends on the name associated with it, whether it be Obamacare, as it has come to be known (first derisively by Republicans, but eventually it was embraced by Democrats, including Obama and the rest of his administration as well), or the Affordable Care Act.

Here is an article that examines this trend more closely:

"What's in a name? Lots when it comes to Obamacare/ACA"    By: Steve Liesman | CNBC Senior Economics Reporter     Published: Thursday, 26 Sep 2013 | 10:58 AM ET

http://www.cnbc.com/id/101064954

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