a line from a September 20th N.Y. Times article:
"As Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the Banking, Housing and Urban Affairs Committee, put it Friday morning on the ABC program “Good Morning America,” the congressional leaders were told “that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and globally.”"
And, on another topic, what does John McCain have in his brain as to how to get more Americans health care?
John McCain’s article, "Better Health Care at Lower Cost for Every American", in the Sept./Oct. issue of Contingencies, the magazine of the American Academy of Actuaries. You might want to be seated before reading this.
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."
Yeah, let's make health care like the current banking system. If we do, then we will have Socialistic Health Care. Since a great deal of banks are now under government control (and as much as a trillion plus dollars more of our money will be used to run banks).
Why does the Oil Industry never get Socialized? Only the failing markets get controlled by the government. Why does the Conservatives NOT take over successful Oil Companies so WE (the taxpayers) can get a return on all our bad investments? That would be Liberal, to take over successful stuff. Let the fat cats get richer when they are turning a profit, but bail them out when they Fukk up royally.
And yes, They are the ones who Fukked up. Ben Bernake, the Fed Chairman, even admitted it to Congress.
Friday, September 19, 2008
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