ABSTRACT

As the primaries unfolded, and Senator Barack Obama took the lead, his focus began to shift towards Senator McCain's campaign. The George Bush administration had the claim of achieving one if not the longest low open unemployment rate streaks in American history. Many in America are in a bad employment situation, having invested money in an education that is worthless, surviving on the fringes of the economy, and with bleak prospects. In an economy based on low-costing there is hardly any job value created and the productivity gains are more indicative of this than of better standards of living. Economists have a clear way of labelling the underlying structural problem of American health care system: market failures. Within free markets, the microeconomic theory of supply and demand works well for commodity products and services. Most products and services fall within a competitive market structure, providing economic value equilibrium to the consumer through direct supply/demand corrections created by market forces.