Saturday, September 20, 2008


McCain writes Obama's next commercial for him

(updated below)

Here's a fascinating quote from John McCain, writing in the September/October 2008 issue of Contingencies, the magazine of the American Academy of Actuaries.
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.
Emphasis added. Note especially the use of the word "we"; McCain is now taking credit for the current state of the banking industry.

Paul Krugman mentioned this in his New York Times column. Here's McCain's actual article (PDF, 180 kbytes).

I think this should be the next Obama/Biden campaign commercial.

Bob Herbert, another New York Times op-ed columnist, points out that McCain wants to treat employer-paid health benefits as taxable income. This will supposedly be balanced out by refundable tax credits to help pay for health care. The net effect will be to drive millions of Americans out of employer-provided health care and into the private marketplace, where, as individuals, they will have no leverage. Read the whole column.

UPDATE: Sure enough McCain wrote Obama's next commercial for him. *chuckle*

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