Friday, September 19, 2008

If you like the Wall Street meltdown, you'll love John McCain's plan for health insurance

John McCain thinks you will be much healthier and happier if the insurance industry is allowed to create "innovative products," just like the banking industry. You know, like mortgage-backed securities and stuff, but this time for your health care.

Here’s what McCain has to say about the wonders of market-based health reform:

    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.
So McCain, who now poses as the scourge of Wall Street, was praising financial deregulation like 10 seconds ago — and promising that if we marketize health care, it will perform as well as the financial industry!
McCain made this insane proposal just this month.

I'm sure this will go a long way toward helping McCain dig himself out of the deep, free-market hole he's in right now.

On MSNBC tonight, Rachel Maddow had a segment called "John McCain's Terrible, Horrible, No Good, Very Bad Week," in which she examined, day by day, the effect that the economic crisis had on McCain's campaign.



She closed the segment on a qualified up note, saying at least the week couldn't get any worse for McCain, since it was over.

I think she spoke too quickly.

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