McCain on banking and health.
This is why Conservatism is now officially dead. This is why John McCain has no credibility left in his bid for the presidency.
In the September/October issue of Contingencies, he states this:
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.Talk about unfortunate timing.
And, if you think I'm being over dramatic when I claim Conservatism is dead, don't listen to me, listen to one of it's most fervent disciples.
Michelle Malkin in a post entitled, "The Mother of All Bailouts = The Death of Fiscal Conservatism".
Of course, she's probably still going to want us to vote for McCain so he can visit on the health insurance market the same kind of success that his deregulation brought to the banking world.This is your Bush legacy — not Pelosi’s, not Reid’s, not Obama’s: A ginormous bailout of every last, failing, panicked financial institution’s illiquid assets that may reach into the trillions — TRILLIONS – when all is said and done.
Reader John in Venice, CA e-mails: “Going forward there is no debate a conservative can win when pitted against a liberal wanting to spend money on social programs. What would the argument be against spending money on terrible social programs? Government money does not work? Conservatives who are supporting this welfare bailout are no different than Maxine Waters or Barbara Boxer. We have lost. Conservatism has absolutely no more moral high ground to speak from.”
Fiscal conservatism has been on life support for quite some time. Bush/Paulson pulled the plug permanently today.
Click title for source.
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