PAUL KRUGMAN - The Big Deal
On the day President Obama signed the Affordable Care Act into law, an exuberant Vice President Biden famously pronounced the reform a big something deal except that he didnt use the word something. And he was right.
In fact, Id suggest using this phrase to describe the Obama administration as a whole. F.D.R. had his New Deal; well, Mr. Obama has his Big Deal. He hasnt delivered everything his supporters wanted, and at times the survival of his achievements seemed very much in doubt. But if progressives look at where we are as the second term begins, theyll find grounds for a lot of (qualified) satisfaction.
Consider, in particular, three areas: health care, inequality and financial reform.
Health reform is, as Mr. Biden suggested, the centerpiece of the Big Deal. Progressives have been trying to get some form of universal health insurance since the days of Harry Truman; theyve finally succeeded.
source:
http://www.nytimes.com/2013/01/21/opinion/krugman-the-big-deal.html?hp&_r=1&