Friday, September 19, 2008

Why anyone with a pulse should fear John McCain

McCain apparently wrote a piece in some obscure journal for actuaries about what he would do to fix America's broken health care system. I'm sure the ten people that read that were thrilled but buried in the piece was this line that pretty much sums up his, and the Republican, strategy for everything:
Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation.
Good God, man. Could you have picked a worse time to brag about how great your deregulation of banking industry has turned out? I'm so glad we got rid of the "worst excesses of state-based regulation" and replaced it with the worst excesses of corporate greed. I mean, you can't even open up a paper without a new story about a new bank either going bankrupt or being bailed out by the government precisely because of a lack of regulations leading to horribly misguided financial decisions. Yes, please, let's apply that same logic to the health care industry because that will turn out great for everyone!

But, I'm still a little confused on McCain's stance on the economy but I guess that's ok because he is too. Within three hours the "fundamentals of the economy" went from "strong" to "at risk." Although Stephen Colbert explains that one away. But why is he trying to take credit for deregulating the banks one day and now acting the part of the populist calling for more regulation? Another blatant flip flop from a man who will now say anything or take any position to get elected.



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