Laugh Of The Day

The LOTD comes from my favorite economist, Paul Krugman:

OK, a correspondent directs me to John McCain’s article, Better Health Care at Lower Cost for Every American, in the Sept./Oct. issue of Contingencies, the magazine of the American Academy of Actuaries. You might want to be seated before reading this.

Here’s what McCain has to say about the wonders of market-based health reform:

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.

So McCain, who now poses as the scourge of Wall Street, was praising financial deregulation like 10 seconds ago — and promising that if we marketize health care, it will perform as well as the financial industry!

And here I thought John McCain was against having the federal government in charge of health insurance. A few years of treating it like we have banking, and we'll be rushing in to take it over too!

Still, wouldn't it be easier to do universal healthcare Obama's way?