Do you need another reason to be scared of McCain?

Are you sure? Okay, check out this from Paul Kurgman; I’ll quote him quoting from an essay that McCain wrote for Contingencies Magazine, which is published for/by the American Academy of Actuaries (yeah, my subscription ran out):

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.

Yes, because deregulation has worked out so well for the banking industry. And btw, this article where McCain says this just came out– this isn’t something he said a year or two ago.

A slight addendum:

I came across this via Mark Maynard’s blog:

2 thoughts on “Do you need another reason to be scared of McCain?”

  1. You bozo – Clinton deregulated much of the banking and mortgage issues. As did Obama in Chicago with the Acorn project. McCain was talking about deregulations like ATM withdrawls anywhere in the nation through any bank – something I guess you are against…

    Out of context fear mongering is really sad and way to prevelant for misguided liberals. You bonehead – I feel sorry for your ignorance. Find the middle and the truth about both candidates!

    Also, start looking at congress for responsibility of the real problems in the nation! Point the finger at those that stall progress and go against their word hoping to keep the other side from winning the next election. Why did the democrats kill a bill that would have regulated Fannie and Freddie years ago??? Why did they say we need more troops in Iraq and then push to kill the move once they were being sent??

    Think about it…

  2. I’m going to take Krugman’s word on this over yours, Paul. Also, Bush I’d argue that Bush et al did a heck of a lot more to deregulate the banking and mortgage businesses than Clinton et al. There’s blame to go around for certain, but who was asleep at the switch on this one? W. of course, and he and his boys are the ones who six months ago said that all would be fine with Wall Street and who today are asking for $700 billion to bail these people out or the sky is going to fall.

    But for what it’s worth, skim that McCain article I link to above. I don’t have time to go into the nitty-gritty of it now, but what he is most clearly advocating here is across the board deregulation of the health care business, and I think that Krugman is right in his skepticism. I think he’s talking about a lot more than ATM withdrawals. I think his language of “individual choice” and “get the government off your back” and all the rest is far more than a few technicalities about the portability of insurance. His tax break scheme is a way to give employers an excuse for not paying for health insurance, if you ask me. That’s pretty freakin’ scary.

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