September 20, 2008

Deregulation: McCain's solution to everything

But that was then, this is now

Don't worry, be happy. It's morning in America all over again. The fundamentals of our economy are strong.

Like his hug-buddy W., John McCain supports the privatization of Social Security. Take that, Wall Street.

Like the man he once supported for president -- ex-Senator, current pal, bank lobbyist and economic adviser America-has-become-a-nation-of-whiners Phil Gramm -- McCain struts and crows and flaps his wings about his deregulation Credo.

Until, that is, it all becomes politically inconvenient when his fundamental economic philosophy -- i.e., the greed and mismanagement of Wall Street and Washington -- leads to today's financial meltdown.

But, get this: McCain proposes to do to health care what he and his buddies have done to the financial system.

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.
- John McCain, Better Care at lower cost for every American

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!
- Paul Krugman, McCain on banking and health

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