Saturday, September 20, 2008

less burdened by ... regulation

John McClueless stumbles on. This time he writes in the CURRENT issue of the journal 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.
Note it's what "we" have done over the last decade in banking. He is, perhaps unconsciously, identifying himself with those who have worked so hard to bring us toward economic disaster. Take a bow, Johnnie Boy!

Don't you just wish for the day when YOUR health insurance is not burdened by regulation and performs something like the market has lately?

Hey, wait a minute. Johnnie Boy was in favor of privatizing Social Security too. Now I bet you're wishing that had worked right about now, eh? Just think of your retirement in the stock market, with no guarantee beyong the sterling moral character of the greeheads in charge. Woohoo!

I've seen this quote many times in the past 24 hours, but h/t to Barbara O'Brien at Mahablog
--the BB

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