McCain on deregulation

[Martonian]

I was slapped on the wrist for posting this in the End of Capitalism thread, so here it is all by itself:

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If John McCain had his way he'd deregulate the healthcare industry like the banking industry has been the past decade.

McCain writes in the latest issue of Contingencies...

"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."

Yea, deregulation worked great with the banking industry John.

[BFinnsUp]

That position is definately the opposite of Obama's. Something has to be done about health insurance, it is out of control. In PA we have the doctor's claiming that they can't work here because the malpractice insurance is too much, and the insurance companies raise rates because they cannot make money, and I am driving a toyota. So who is making the money? If everyone was going broke no one would be in these businesses.

[Elrod]

If everyone was going broke no one would be in these businesses.

There are still people that get into medicine, nursing, emergency prehospital care and other fields because they care about people.

[flyboy55]

I was slapped on the wrist for posting this in the End of Capitalism thread, so here it is all by itself:

================================

If John McCain had his way he'd deregulate the healthcare industry like the banking industry has been the past decade.

McCain writes in the latest issue of Contingencies...

"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."

Yea, deregulation worked great with the banking industry John.

In some ways our current problems with the financial industry are the same ones we had with the Savings and Loan industry when Reagan was president. Back then we also 'benefited' from the joys of deregulation and saw the S&L industry collapse which resulted in another government bailout of the industry costing taxpayers over $160 billion dollars.

On a side note, Silverado Savings and Loan, which collapsed in 1988 costing taxpayers over a billion dollars, was run by our current president's brother, Neil Bush. Because of loans he made to himself and bad loans to some of his business partners (ties that he didn't disclose to Silverado) he was taken to court.

I don't think McCain's ideas on health care are very sound, but they could be lucrative for some of his friends.