McCain: Deregulate health care same as banks or "Yeah but, no but, yeah but, no but, yes, actually yes." . .
What part of total deregulation is ruinous does John McCain not understand?
Despite all evidence to the contrary, McCain still has his wagon hitched to the dark star of dereg guru Phil Gramm.
It says it on his website. Competition is good for what ails the U.S. health care.
An important part of his plan is to use competition to improve the quality of health insurance with greater variety to match people's needs, lower prices, and portability. Families should be able to purchase health insurance nationwide, across state lines.
Now, he says it in an article for insurance industry trade publication Contingencies Magazine.
"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."
Oh, yeah? Maybe McCain knows something we don't. After all, just last week, McCain told us:
``the fundamentals of our economy are strong.''
That, if you remember, was followed by a "sea change" flip flop, possibly McCain's largest after abortion, on regulating Wall Street and banks.
Still, the call for insurance deregulation left a door open for Democratic presidential candidate Sen. Barack Obama.
"So let me get this straight -- he wants to run health care like they've been running Wall Street," Obama told the audience. "Well, Senator, I know some folks on Main Street who aren't going to think that's such a good idea."
Once again, the McCain camp is in the "what he meant to say" mode (doesn't anyone proofread his stuff?). As usual, using the tactics Karl Rove used for Boy George, they come out swinging.
"This is absurd," McCain senior economics adviser Doug Holtz-Eakin wrote in an e-mail sent to reporters. "If Barack Obama thinks that today's financial troubles were caused by policies which allowed Americans to use an ATM anywhere in this country, then it is better that he continue to be silent about solutions to the crisis on Wall Street. That crisis arose from corruption and regulators asleep at the switch. It's also possible Senator Obama is simply a dishonest politician who will say anything to get himself elected and just isn't ready to be President."
Well, that just might sum it up, if it were not for a statement later in that insurance article.
"Nationwide insurance markets that ensure broad and vigorous competition will wring out excess costs, overhead, and bloated executive compensation."
Now, is that really what happened with deregulating the financial folks?
Of course, this is not the first medical insurance gaffe. Remember the solution one architect of the McCain health care plan offered when Texas, once again, was shown to have the highest number of uninsured citizens?
But the numbers are misleading, said John Goodman, president of the National Center for Policy Analysis, a right-leaning Dallas-based think tank. Mr. Goodman, who helped craft Sen. John McCain's health care policy, said anyone with access to an emergency room effectively has insurance, albeit the government acts as the payer of last resort. (Hospital emergency rooms by law cannot turn away a patient in need of immediate care.)
"So I have a solution. And it will cost not one thin dime," Mr. Goodman said. "The next president of the United States should sign an executive order requiring the Census Bureau to cease and desist from describing any American – even illegal aliens – as uninsured. Instead, the bureau should categorize people according to the likely source of payment should they need care.
"So, there you have it. Voila! Problem solved."
Of course, then there was childrens' health insurance bill.
CAMDEN, South Carolina (CNN) -- Sen. John McCain, R-Arizona, told CNN Wednesday he agrees with President Bush's veto of legislation expanding a children's health insurance program, saying the bill provided a "phony smoke and mirrors way of paying for it."
Sen. John McCain says the president was right to veto the expansion of a children's health insurance program.
"Right call by the president," the Republican White House hopeful told CNN's John King. "We've laid a debt on these same children ... that we're saying we're going to give health insurance to."
Don't you think as long as we are saddling the nation's children (poor and otherwise) with all this debt for war profiteers, corporate welfare and tax cuts for the rich they might deserve to get a little something out of it?
However, maybe I am just part of the "nation of whiners" McCain buddy and financial adviser Phil Gramm targeted as the reason for bad economic news.
"...this is a mental recession . . . We have sort of become a nation of whiners,"
Lest you think I forgot, Gramm was fired from his official position. However, recently it appears that money heals all wounds. Though no longer with a title, Gramm, McCain's guru in all things deregulation for decades, again has the senator's public love.
McCain singled out Gramm, among others, at a dinner Thursday night honoring more than 200 people who have raised at least $100,000 for his campaign.
"Thank you, Phil, for all your friendship and support," McCain said.
Yeah, thanks for everything, Phil.