Monday, October 06, 2008

Krugman on McCain Health Care - "I'm Terrified"

I think it was once called, "let them eat cake." Or you could use the modern, Mister Burns method, "Smithers, release the hounds."

A McCain presidency would be a catastrophe. Should anyone be surprised? Have you looked out your window lately? Or checked the stock market? Expect the Republicans to treat our nation's heath care with the same wisdom and foresight they brought to Iraq and Wall Street:

In short, the McCain plan makes no sense at all, unless you have faith that the magic of the marketplace can solve all problems. And Mr. McCain does: a much-quoted article published under his name declares that “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.”

I agree: the McCain plan would do for health care what deregulation has done for banking. And I’m terrified.

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