Monday, September 22, 2008

Seriously John McCain? Seriously?!

To quote the phrase Grey's Anatomy popularized...Seriously John McCain? You were for deregulation before you were against it? Seriously?!

Taking a page out of Sarah Palin's "For it Before I was Against it" play book, Senator McCain is claiming he is for regulation after many years of opposing it. According to a Washington Post article, McCain introduced a bill in 2002 to deregulate the broadband Internet industry warning that "the potential for government interference with market forces is not limited to federal regulation." Just a few days ago, Paul Krugman of the NY Times came upon an article McCain wrote for the Sept/Oct 08 issues of Contingincies, the magazine of the Academy of Actuaries. It seems that McCain wants the health care industry to be more like the banking industry.

Here's an excerpt from his article:

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.

A McCain spokesman argues that his words were, of course, taken out of context. But how do you explain his recent appearance on 60 Minutes?

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