Donald Trump embraces his status as an outsider to the world of politics and policy. He says that once in office, he would attract “all the best people.” He could make the great deals, and then they could work out all the little details.
This week he announced a group of these best people, including a former lieutenant governor of New York named Elizabeth “Betsy” McCaughey.
For those who have followed national policy debates over the past generation, this is not an encouraging sign. McCaughey has been a central, causal factor in two of the major failures of public information and decision-making since the early 1990s. Thus selecting her sends a signal roughly comparable to announcing a famous anti-climate-science figure as an environmental advisor or an anti-vaccine activist for counsel on public health.
-- * Nearly 25 years ago, when Bill and Hillary Clinton were trying to pass their health care reform plan. Betsy McCaughey made her name with a completely inaccurate, but politically damaging, misrepresentation of the plan. You can go back to an Atlantic article I wrote about this in 1995 .. http://www.theatlantic.com/magazine/archive/1995/01/a-triumph-of-misinformation/306231/ .. for the details. In essence: in her “No Exit” essay for The New Republic, McCaughey invented and propagated the myth that the health care bill would criminalize buying any health care outside the government program. That was flat-out false, but proving that it was false took time—and by then the damage had been done. (More after the jump.)
* During the Obamacare debates seven years ago, McCaughey more or less single-handedly created the myth that the bill would set up “death panels” to determine whether ailing patients were worth keeping alive. Also false. Also damaging. --
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.