Health Care BS

Comments 8

1. Marc Brown wrote:

   Three points.

   1 A majority of Republicans voted against the bailout. A majority of Democrats voted for it.

   2 Surely you are not in favour of bailouts.

   3 Do you honestly think most people want their healthcare in the hands of deregulated free marketeers like these bankers.

   Posted 30 Sep 2008 at 3:32 am ¶
2. Russell wrote:

   “A majority of Republicans voted against the bailout.”

   You may have noticed, Mr. Brown, that the Democrats have a majority in the House. They could have passed this bill without a single Republican vote.

   Posted 30 Sep 2008 at 8:31 am ¶
3. James Lansberry wrote:

   Marc:

   These weren’t deregulated free-marketeers. Fannie and Freddie were federally sponsored corps. They had lots of federal money and regulation already. And they’re at the core of this mess.

   Catron:
   I’m surprised to see you coming out in favor of a bailout. In 100 words, why does spending 700B we don’t have instead of waiting for the market to pick up the pieces make sense to you?

   Posted 30 Sep 2008 at 9:08 am ¶
4. Catron wrote:

   “Why does spending 700B we don’t have instead of waiting for the market to pick up the pieces make sense to you?”

   This is like asking why we do bypass surgery instead of letting the body fix itself. The heart of the system is about to stop pumping. Ideology won’t keep it going. If you can deal with more than 100 words, here’s a good Wapo piece that explains the situation:

   http://www.washingtonpost.com/wp-dyn/content/article/2008/09/23/AR2008092302322.html

   Posted 30 Sep 2008 at 11:11 am ¶
5. Richard M. wrote:

   I found the Wapo piece unconvincing. The writer never attempts to place the blame for the housing bubble where it belongs. He makes reference to “poorly regulated mortgage debt.” His solution, I suspect, is much more regulation. He says, “the free market and Wild West capitalism of recent decades will be forever changed.” Really? I missed it. He must be talking about the late 1800’s.

   This, I think, is a much better explanation of the current difficulties: http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/

   Posted 30 Sep 2008 at 1:38 pm ¶
6. Marc B. wrote:

   ‘His solution, I suspect, is much more regulation.’

   Too right - what you don’t seem to realise is that the bulk of the lax sub-prime lending was not in the most regulated parts of the market.

   Posted 30 Sep 2008 at 4:49 pm ¶
7. SmartDoc wrote:

   An army of democrat party felons have conducted the greatest theft in the history of the world. They all made enormous ill-gotten wealth: from bought and paid for politicians, to crooked mortgage brokers, to a thouroughly corrupted Fannie Mae leadership, all down the line. Obama, Dodd, Garelick, the Clintons: how the money rolled in.

   And we are going to bail them out?

   The $700 billion is totally wasted since no change is made in the democrat party laws mandating bad motgages by banks.

   Any surviving banks are all doomed to failure for precisely the same reason that the previous banks all failed.

   And this the army of criminals who want to get its evil hands on health care money.

   Posted 30 Sep 2008 at 5:34 pm ¶
8. Marc Brown wrote:

   ‘An army of democrat party felons have conducted the greatest theft in the history of the world. They all made enormous ill-gotten wealth: from bought and paid for politicians, to crooked mortgage brokers, to a thouroughly corrupted Fannie Mae leadership, all down the line. Obama, Dodd, Garelick, the Clintons: how the money rolled in.’

   So a sound case for heavy regulation then. Well done!

   Posted 01 Oct 2008 at 5:00 am ¶

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