Archive for the ‘Insurance’ Category

Live Analysis of President Obama’s Health Care Speech to Congress

September 9, 2009

I know it’s been a while since I’ve done a blog post (other than the one I did yesterday), but I figured this was an important issue to talk about, and I’ll probably be writing a column on health care sometime this week, so this will help me get some ideas down a little early.

President Obama is about to give  a speech to a joint session of Congress, and I’ll be giving my live analysis of his speech.  And this is live, so excuse any typos – I’m not always great at typing quickly.

Speaker of the House Nancy Pelosi has just gaveled the session into order, so we’ll begin in about 10 minutes here.

The President’s speech is expected to last about 45 minutes (not including applause), so I’m guessing that it will run close to an hour (maybe a little over) when it’s all done.

Speaker Pelosi has now called the session to order – Vice President Joe Biden by her side.

The Escort Committee is now leaving to follow behind President Obama when he enters the chamber.

Michelle Obama is now arriving.  The Cabinet is now coming into the chamber.

President Obama is now coming into the chamber – and he’s getting a lot of applause (as every President does during these joint sessions).

He’s now up to the podium – Speaker Pelosi is trying to bring the chamber to order.  She is now introducing President Obama.

He’s talking about the last time he spoke here – that it was during the worst economic situation we’ve faced since the Great Depression.  “We are by no means out of the woods … a full recovery is still months away.”  He’s saying that he won’t let up until “those who seek jobs can find them.”

Wow – Hillary Clinton looks out-of-place – she’s wearing this red suit and she’s surrounded by men in black suits.

President Obama is thanking Congress for their help and support in trying to fix America’s economy.  He’s talking about building a future for America, and that health care is central to that future.

“I am not the first President to take up that cause, but I am determined to be the last.”  It’s a nice quote, but there’s always going to have to be reform – things change – nothing will ever be perfect.

He’s talking about Teddy Roosevelt talking about health care reform, and Representative John Dingell (D-MI) introducing a bill every session to reform health care.

Talking about the hardships facing those who are uninsured – not those on welfare, but mostly the middle class.  He’s talking about people being denied insurance because of previous conditions.  “We are the only democracy … the only wealthy nation who allows such hardship for its people.”  But we’re also the democracy who other countries turn to for certain health care needs (such as Canadians needing some quick emergency treatments).

Talking about insurance companies dropping patients in the middle of treatment for bogus reasons such as having acne and not claiming it – and I’ll agree with him here – that’s a problem that SHOULD be addressed.

Talking about insurance premiums going up, and leading to businesses not being able to open/survive because of health care costs.

It’s “placing an unsustainable burden on taxpayers. … We will eventually be spending more on Medicare and Medicaid than every other program combined.”  Again – he’s right here – Medicare/Medicaid costs are getting out of control – it’s just the solution where I disagree with him.

Talking about a single payer system like Canada’s or a plan that individuals should buy their own health care, but both of these are radical shifts that would disrupt the health care system.  He’s saying we should use what works as a template and fix the problems in our current system, rather than switch to a Canadian-style system or a completely individual style system.

He’s now talking about the 5 committees coming up with health care bills in Congress – an amount of reform that has been unprecedented in history – and again – this is a good thing – if we have multiple ideas, we have more to choose from and more discussion going around.

Now he’s talking about opponents to reform using scare tactics and just trying to score political points.  “The time for bickering is over.  The time for games has passed.”  Games and bickering are part of the American political system – it’s a sad fact, but it’s true.  And both parties do it, but getting into a “Well the other party did __________” kind of mentality is bad for America.

“If you already have insurance … nothing in this plan will require you to change what you have. … What this plan will do is make this insurance that you have work better for you.”  It’ll make it illegal for insurance companies to deny you based on a preexisting condition.  And that got a LOT of applause.  It will be illegal for them to drop you when you get sick.

“No one should go broke because they get sick. … Insurance companies will be required … to cover routine check ups … and preventative care. … It saves money and it saves lives.”  And that was all for people who already have insurance.

For those who don’t, this plan will give you an opportunity to get quality insurance.  “We’ll do this by creating a new business exchange.”  Insurance companies will want this because it gives them more customers.

And for those who still can’t afford insurance, tax credits will be provided.  The exchange will take effect in 4 years.

He’s talking about immediate relief for those who get sick before then, citing a plan that Senator McCain proposed during the plan during the 2008 campaign – and Senator McCain just got a huge grin on his face.

He’s saying that some people may not want to pay for insurance, but when they get sick, we wind up paying for their health care when they wind up in the hospital.  “Under my plan, people will be required to carry basic health insurance” just like states require people to have basic auto insurance.

And this is where I disagree with the President.  Personally, I don’t think we should be forcing people to buy insurance; however, I also don’t think that we should then be paying for their hospital visits.  If someone decides not to get insurance, and they get sick, then we shouldn’t be footing the bill – they should just have to pay for treatment themselves or not get it.

Now, moving on to “key controversies that are still out there:”

  • Saying that there won’t be plans to try to kill off the elderly who are sick.
  • No money will go toward illegal immigrants. – and somebody just shouted “Lie!” and Speaker Pelosi gave him a stare of death – whoever it was, that was pretty unprofessional and immature.
  • No money will go toward funding abortions.
  • This will not be a takeover of the entire health care system.

These are all good points, and I’d encourage EVERYBODY to read the bill that finally gets introduced instead of just listening to either the Democrats’ talking points or the Republicans’ talking points.

“Consumers do better when there’s choice and competition.”  And he’s absolutely right about that – but instead of setting up a government program to do this, we should open insurance markets to cross state lines, so that companies can compete nationwide, adding more competition all over the nation.

He’s saying that he doesn’t want to drive insurance companies out of business, just hold them accountable.

He’s saying that he would like a non-profit public option (which that surprised me that he still pushed for that – I figured that he wasn’t going to try to push that tonight).  It would be an option for those who don’t have insurance, and people wouldn’t be forced to chose it.  He estimates that less than 5% of Americans would sign up.  He’s saying that this public option wouldn’t be funded by the government, but would have to be self sufficient.

But what would happen if it stopped being self sufficient?  Would it essentially turn into a Fannie Mae or Freddie Mac?

He’s saying that some are suggesting that the public option only go into effect where insurance companies aren’t competing well, or that we have a private co-op instead.  Saying that he won’t back down from giving a choice to people who can’t afford health care.

And the screen just panned over to the Republican section and they really do not look happy about this.

“Now he’s talking about how we’ll pay for the plan – “I will not sign a plan that adds one dime to our deficit – either now, or in the future. … Period.”  He’s saying that in his plan, there will be a section that will require spending cuts if the means of saving money aren’t there.  He’s now talking about the past administration making a mistake in passing tax cuts that we couldn’t afford as well as the Iraq War.

And while he does have an excellent point with the Iraq War part (which is a whole separate issue), I don’t think that that jab at the Bush Administration is going to help win any Republicans over – and with Senator Kennedy gone, they’re going to need an additional Republican vote in the Senate.  That was a bad strategic move on the President’s part.

Talking about ensuring that Medicare will be there for future generations.  Saying that seniors pay too much out-of-pocket for prescription drugs.  Saying not to pay attention to “scary stories that your benefits will be cut.”  GOP members don’t look happy.  “I will protect Medicare.”

“Making [Medicare] more efficient will [help make] the entire system more efficient.”  Saying that if we reduce waste in Medicare and Medicaid, that will pay for his plan.  Well why don’t we just reduce waste in Medicare and Medicaid anyway!  Why do you need to add one “good” thing to get rid of one bad thing?  Why not just cut waste out of M&M whether or not the other health care reforms pass or not.

Talking about malpractice reform bringing down costs of health care – and all the GOP members stood up and started cheering – even Biden stood up for that one.  Saying that we need to put safety first and let doctors focus on practicing medicine.  Saying that the Bush Administration wanted to test some of these ideas in individual states, and he likes that plan too.  So now he’s playing to the Republican side a bit – which is good because he’s going to need to do that if he wants this to pass the Senate.

Now talking about it’ll cost $900 billion over the next 10 years, but that’s less than the Iraq War…and I think he said something about the Bush tax cuts – I didn’t catch it.  Whatever it was, the Dems liked it, but the Repubs looked pretty pissed off – Rep. Thad McCotter (R-MI) really didn’t like whatever was said.

Saying he won’t stand by as the special interest groups fight to keep things the way they are.  “I will not accept the status quo as the solution.”  And he’s right – we DO need reform – I just disagree with him on the type of reform we need.

Talking about reforms leading to saving lives.

“We cannot fail … there are too many Americans counting on us to succeed.”

Talking about the late Senator Kennedy (D-MA) on his death bed talking about this year being the year that health care reform will be passed.

Health care reform has been a source of “rigorous and intense debate”.

Obama’s talking about Senators Hatch (R-UT) and McCain (R-AZ) and Grassley (R-IA) working with Senator Kennedy.  That his p”assion was born out of his own experience … having 2 children stricken with cancer.”  He’s saying that “concern for others … is not a partisan” issue.  “We are all in this together, and when fortune turns against us, others are there to give us a helping hand. … Sometimes government has to step in.”

Saying that Republicans and Democrats joined together in 1965 when they created Medicare.

“When any efforts to help people in need are attacked as unAmerican … and we can no longer engage in a civil conversation” … I missed that last part.  Whatever his point was (I’m sure it was something about engaging in civil debate) – I agree here – we need to discuss it, not try to drown one side out.

“I still believe we can act when it’s hard.”  Saying we need to have “civility” and not gridlock the process but make progress.

“I still believe we can do great things, and that here and now we will meet history’s test.  Because that is who we are.  That is our calling.  That is our character.  Thank you, God Bless You, and may God Bless the United States of America.”

Now the Republican response by Representative Charles Boustany (R-LA):

Republicans are ready for reform.  We’ve lost jobs since February.  “Americans want health care reform … [They're saying] it’s time to start over with a … bipartisan plan.”

He’s saying that Obama’s plan will cost Americans more – that even the Congressional Budget Office agrees – it’ll create 53 new bureaus and raise the deficit.  It won’t make the program better for seniors.

“The President [could have] taken government run health care off the table, but he didn’t.”

Americans should be able to get insurance with preexisting conditions.  We should give incentives for healthy choices and preventative care.

“We’re grateful that the President mentioned medical liability reform.”  “Junk lawsuits drive up the cost of medical care.”

We should establish a plan that would enable people to buy insurance across state lines – and that was one of McCain’s big pushes during the ’08 campaign that I really agreed with.

“This Congress can pass meaningful reform soon … working together in a bipartisan way, we can lower the cost of health care.”

Alright – I wasn’t able to catch that much of the response because there weren’t any pauses in that speech, but it was basically the same thing that McCain said during his Presidential campaign.

Overall, I think the President did a moderately good job.  I wish he would’ve gone into detail a little more than he did, and there are some things that I definitely disagree with, but there were some good points:

Malpractice/tort reform is a huge part of the plan that will help lower costs of health care.  Eliminating waste in Medicaid and Medicare is another great thing that we need to do.  Ensuring a way that people can keep their coverage even when they get sick is another necessity that almost everybody agrees with.

I disagree with the public option, and I disagree with forcing people to have some sort of insurance plan.

I wish that he would consider adopting the plan to allow people to cross state borders to purchase health care plans.

Overall, it was a good speech, but I think he took a couple too many jabs at Republicans and the Bush administration (he’s going to need some Republicans’ votes, and that wasn’t a way to win them over).  I also wish he would’ve had more details of his plan, but with only having 45 minutes, that’s hard to do.

I’m not sold on the President’s plan, but I do think there are some good parts of the plan that I’d like to see develop.

We’ll see what’s introduced and what Congress does with the bill(s).

Done Analyzing,

Ranting Republican

Live Analysis of the Final Presidential Debate

October 15, 2008

Alright, we’re moments away from the beginning of the debate.  As always, I’ll be watching CNN, who will have a focus group (undecided voters in Ohio) with a tracking rating of how people like what they’re hearing (broken up by men and women).  WordPress just added an option to add polls, so I’ll see if I can get that working after the debate is over and post a poll about who won.

Tonight’s debate will be moderated by Bob Schieffer (CBS’s Face the Nation).

We’re about 2 minutes away.

Schieffer: Why is your plan better than your opponents?

McCain: Thanks to everybody, my prayers go out to Nancy Reagan.  “Americans are hurting and angry.”  They’re innocent victims of greed.  “They have every reason to be angry.”  We have to have a short term fix and long term fixes.  Short term fix: Fannie and Freddie cause the sub-prime lending situation, that caused the housing market to collapse.  We need to reverse the decline in home ownership.  People need to know that they can stay in there homes.  Let’s take $300 billion of the $750 billion and buy mortgages so that people can stay in their homes.  What about people who could already afford to stay in their homes?  It’ll drive home value down if there are abandoned houses.  I didn’t like the answer (because I’m staunchly against any of the bailout), but it’ll go over well with voters, and the focus group liked it.

Obama: I think this’ll take some time to work itself out.  We need an economic package for the middle class.  The fundamentals of the economy were weak before this crisis (it depends what you’re defining fundamentals of the economy as).  Tax cut for people making less than $200,000.  Buying mortgages could be a bailout to banks, so I disagree with McCain there, but we do need to help homeowners.  Need to fix energy and health care.

McCain: Obama had an encounter with a plumber, Joe (somebody) Wurzelbacher.  Joe wants to buy the business that he’s worked in, and  he looked at Obama’s plan, and he saw that he’d be put in a higher tax bracket, and that’d cause him to not be able to employ people.  Joe, I’ll not only help you buy that business and keep your taxes low, and provide a way for you to provide health care to your employees.  You want to increase people’s taxes, like Joe the plumber’s.  And he’s right there – he’ll kill small businesses if he raises taxes.  The  focus group liked that.

Obama: McCain wants to give tax breaks to some of the wealthiest companies, including oil companies.  I want to give tax cuts to 95% of Americans.  Income tax, capital gains tax.  THAT’S A LIE ABOUT CAPITAL GAINS!!!  He wants to take capital gains taxes back to levels before Clinton lowered them!  I want to give small businesses tax breaks.  He lies here – 11.5% of Americans don’t even PAY income taxes, because they don’t make enough money!

McCain: Obama says, “We need to spread the wealth around.”  “I want Joe the plumber to spread the wealth around.”  Why would you want to raise taxes?

Obama: I want to cut taxes for 95% of Americans.  Not true!  I want to cut taxes for Joe the plumber before he was able to make $250,000.  I want to give families with kids going to college a break.  I’d prefer that nobody pay taxes, but we have to pay for the core of the economy to remain strong.

McCain: Companies will go overseas if we raise our business tax rates.  “Of all times in America, we need to cut taxes and encourage business, not spread the wealth around.”  Great answer – McCain actually did better with the focus group there than McCain, and that surprised me.

Schieffer: Talking about reducing the budget deficit.  Won’t some of the programs you’re proposing have to be trimmed or eliminated?

Obama: If the $750 billion works as it’s supposed to, taxpayers will get their money back.  I have been a strong proponent of pay-as-you-go.  Some of the cuts we’ll need are subsidies to insurance companies.  “It’s just a giveaway.”  I’ll go through the federal budget line-by-line, and eliminate what’s unnecessary.  We need to invest in the American people.  We need to prevent diseases when they’re young, so they won’t spend as much Medicare money.  The same with college – they’ll drive up the economy.  He’s getting very high ratings right now – he’s appealing to the average American people.

McCain: Back to home-ownership.  During the depression, we bought homes and home values went back up.  This was a plan that Senator Clinton proposed.  We need to become energy independent.  I need an across-the-board spending freeze.  I oppose subsidies for ethanol.  Sorry – got interrupted there.  I will veto earmarks.  Senator Obama put in an earmark for a projector in a planetarium in his hometown.

Obama: An across-the-board spending freeze is a hatchet, and we need a scalpel.  Senator McCain talks about earmarks, but they account for 0.5% of the federal budget.  Eliminating them will help, but it won’t solve the problem.  When President Bush came into office, we had a budget surplus, and now we have a deficit.  Pursuing Bush-esque budgets will worsen the situation, and McCain voted for Bush’s budgets, 4 out of 5 times.

McCain: I will give a new direction to this economy.  I’m not President Bush.  If he wanted to oppose him, he should’ve run 4 years ago.  Mayor Bloomberg just put in a spending freeze in New York, so it can be done.  I’ll eliminate spending.  Obama voted for the last 2 budgets that Bush proposed (the only 2 that came up since he’s been in office!).  I have fought against spending and special interest.  When have you stood up to your party?  He’s getting good ratings, and I really think that he’s appealing to American people.

Obama: The first major bill I voted on was against tort reform.  I support charter schools.  I support clean coal technology.  I have a history of reaching across the aisle.  If I mistaken your policies for President Bush’s policies, it’s because on the core economic issues, taxes, spending, etc…, you’ve been a supporter of President Bush.  You’re been against him on stuff like torture, and I commend that, but for the majority, you want 8 more years of the same thing.

McCain: It’s been clear that I’ve disagreed with Bush and my party: climate change, opposition to earmarks, torture, conduct of the War in Iraq, Medicare prescription drugs, HMO patients’ bill of rights.  I have stood up to my party’s leadership.

Schieffer: Both of you promised to take the high road, but both campaigns have turned nasty.

McCain: This has been a very tough campaign.  If Obama had responded to my request to do town hall meetings, like he originally said, the tone of this campaign could’ve been better.  The tone of this campaign has taken a nasty turn.  I apologize for some of the negativity that has come out of my campaign.  I hope OBama will repudiate the remarks made by Congressman John Lewis.  Obama didn’t keep his word about taking public financing.  He’s getting high ratings from men here, but average ratings from women.

Obama: 2/3 of the American people think McCain’s running a negative campaign, versus 1/3 of the American people thinking that of mine.  100% of your ads have been negative (BULL CRAP!).  There’s nothing wrong with having a vigorous debate like we’re having now, but not having town hall meetings doesn’t justify the ads that have come out from your campaign and 527s.  I don’t mind being attacked for 3 weeks, but we can’t afford 4 more years of failed economic policies.  He’s actually getting negative ratings from women, and average from men here.  He’s really attacking McCain during a question about negativity in campaigns, and I think he’s really making himself look bad here.

McCain: If you turn on the television, every other ad was an attack ad on my health care policy, saying that I oppose federal funding for stem cells.  I don’t.  Obama is spending unprecedented amounts of money in negative attack ads on me.  Of course we’re talking about Joe the plumber and restoring jobs to America.  That’s what my campaign is all about.  Again, I didn’t hear a repudiation of Congressman Lewis.

Obama: Lewis, made a statement with what he was troubled with hearing some of the rallies that your running mate was holding.  People were yelling “terrorist” and “kill him,” and your running mate didn’t stop them.  I do think that he gave a good comparison between what’s happening now and the civil right’s movement.  What the Americans want is for us to focus on the challenges that we have now.  We have serious differences on health care.  When people bring up me being with terrorists, that’s not the issues.

McCain: Whenever you have big rallies, you’ll have fringe people, and that’s not appropriate.  But for the majority of people, they’re not saying anything negative.  These people are the most patriotic people in this nation (veterans and wives of veterans).  There’ve been thingsat your rallies that I’m not happy with either.  I have always repudiated out of line statements, and I will continue to do that, but we cannot stand for the things that have been going on.  I haven’t.

Schieffer: Do you take issue with that?

Obama: What I think is most important is that we recognize that in order to solve 2 wars, a financial crisis, creating jobs, then we all need to be able to work together.  “We need to disagree without being disagreeable.  What we can’t do is try to characterize each other as bad people.”

McCain: We need to know the full extent of Obama’s relationships with Ayers and ACORN.  If there’s nothing there, I don’t care about it, but we need to know what all went on there.

Obama: Mr. Ayers has become the centerpiece of McCain’s campaign.  Bill Ayers is a professor in Chicago.  40 years ago, he engaged in despicable acts.  “I have … condemned those acts.”  I served on a school board with him 10 years ago.  “Mr. Ayers is not involved in my campaign … and he will not advise me in the White House.”  ACORN: Apparently, they were paying people to get people registered to vote.  The only thing I did with them was represent them with some thing in Illinois – I didn’t catch it all.  I associate with Warren Buffet on economics.  On foreign policy, it’s Joe Biden or Dick Lugar, or General Jim Jones.  “Those are the people who have shaped my ideas and will be surrounding me in the White House.”

McCain: While you and Ayers were on that board, you gave money to ACORN, and you launched your campaign from Ayers living room.  In 2001, he said he’d wished he’d have bombed more.  We need to know all the details here.  And my (not McCain) view is that with Ayers – it’s no big deal if Obama’s honest.  With ACORN, there are some serious problems there – ACORN has supported Obama, and Obama has supported ACORN, and ACORN has shown to have some serious legal problems.

Schieffer: Why is your running mate better than his?

Obama: He’s been there a while – he knows what he’s doing, especially when it comes to foreign policy.  Biden has never forgotten where he came from.  He fights for the little guy.  He has always been fighting for working families.  “After 8 years of failed policies [we] will have to reprioritize … give tax cuts to small businesses … and individuals who are struggling.”  We need to become energy independent, and make sure that our kids afford can go to college.  Biden has always been on the right side of the issues.

McCain: Palin is a reformer.  She took on the old governor, who was part of her party.  She’s given money back to taxpayers and cut the size of the government.  “She is a reformer through and through, and it’s time that we have that breath of fresh air and sweep out” the old politics of Washington.  “She understand special needs families, and understands that autism is on the rise.”  She has united people all over America, and I’m proud of her.

Schieffer: Is she qualified to be President?

Obama: That’ll be up to the American people to decide.  Her work on special needs kids has been commendable.  He didn’t answer the question!  If we have an across-the-board spending freeze, special needs kids will suffer.

McCain (on Biden): Biden is experienced, but he’s had some bad foreign policy ideas, such as dividing Iraq into different countries, and we’ve seen Iraq become united as one country.  Every time Obama says we need to spend more.  Why can’t we have transparency of these government organizations.

Schieffer: Energy and climate control.  Presidents have said that we need to reduce our dependency on foreign oil.  Give us a number of how much you believe we can reduce foreign oil during your first term.

McCain: We can eliminate our dependence on Middle East countries and Venezuela.  Canadian oil is fine.  We need nuclear power plants, and that’ll be how we eliminate those 2 sources of foreign oil.  We need wind, tide, solar, gas, clean coal.  He’s getting huge ratings, and for good reason – it’s a good energy plan.  Especially the nuclear part!!!!

Obama: In 10 years, we can reduce our dependence so we don’t have to import oil from the Middle East or Venezuela.  “Nothing is more important than us borrowing … money from China and sending it to Venezuela.”  We need to expand domestic production, by telling oil companies, “Use them or lose them” in terms of oil fields being leased here in the U.S.  We need to drill offshore, but that won’t solve the problem.  We need wind, solar, biofuel.  We need efficient cars built here in America, not in Japan.  And he’s got good ideas too, but I WISH he would’ve said he wants nuclear power – nuclear power is safe (we use it on subs) and VERY efficient.  NAFTA didn’t have enforceable environmental agreements, and we should’ve included those.  When it comes to South Korea, we have an agreement with them, and they’re sending more cars here than we are to them.  That’s not free trade.

McCain: “Obama said, ‘We will look at offshore drilling.’  Did you catch that?  ‘Look at.'”  We need to do more than look at it, we need to do it.  AGREED!  Our businesses are paying money into Columbia, but because of previous agreements, they’re getting their goods into here for free.  We need a free trade agreement with Columbia, which Obama has opposed.  Obama hasn’t even travelled down there, and he doesn’t understand Columbia.

Obama: I understand it.  Labor leaders have been persecuted, and we need to stand for human rights.  Workers who are trying to organize for rights shouldn’t be persecuted, and that’s why I supported a free trade agreement with Peru.  When I talked about automakers, they’re getting hammered right now, not only because of gas prices, but with the financial crisis.  People can’t get car loans, so we need to get loan guarantees.  We need more efficient cars and cars of the future.  That’ll help create new jobs.  He’s getting VERY high ratings – he’s maxed out with women, and men are rating him high too.

McCain: Obama doesn’t want a free trade agreement with our best ally in the region, but wants to sit down with Hugo Chavez without preconditions.  Jobs and businesses will be created if we open up those markets.  Obama wants to restrict trade and raise taxes, and the last President who did that was Hoover.  We went from a deep recession to a depression.  I won’t let that happen.

Schieffer: Would you first lower health care costs, instead of providing more health care?

Obama: We need to do both.  My plan will allow you to keep your plan if you have health insurance.  We will lower costs so that cost savings are brought back to you.  If you don’t have insurance, you can buy into the same kind of federal pool that federal employees enjoy.  Insurance companies won’t be able to discriminate against people with preconditions.  Drugs will be lower, and we need to look at preventative care.  This will require more money up front, but will lower costs in the long run.  VERY high ratings at the end there.

McCain: Premiums and copays are going up, and health care costs are going up and inflicting pain on Americans.  We need walk in clinics and community health care centers.  We need nutrition and physical fitness programs in schools to keep kids healthy.  I want to give all American families a $5,000 tax credit.  Under Obama’s plan, if you have employees and they have kids, if you don’t have a health care plan, Obama will fine you.  I still haven’t heard what that fine will be.

Obama: Your fine will be $0.  I exempt small businesses for the requirement that large businesses have to provide health care.  Well, Senator Obama, what do you consider a small business???  The average family is paying higher premiums because of the uninsured.  I’ll give small businesses a 50% credit so they can afford it.  If not, you can buy into the plan I have.  McCain will give you the tax credit, but what will happen to older folks who can’t afford the health care plan?  McCain will tax the health care benefits you have from your employer, the first time in history this has ever happened.  Insurers right now are restricted statewide.  Those rules would be stripped away, and you’d see companies excluding people.

McCain: People like Joe are rich, because Obama said about him that we need to “spread the wealth,” so he’s rich enough that he would be fined.  Under my plan, people will be able to go across the country, giving them the chance to choose their futures.  “Senator Government–Senator Obama wants government to do the job.”  Senator Obama and the Democrats have been in charge the last 2 years, and things have gotten worse.

Obama: Under McCain’s plan, there’s a strong risk that you will lose your health care from your employer.  All I want to do is lower costs.

Schieffer: Could either of you nominate a Supreme Court Justice who disagrees with your view on Roe v. Wade.

McCain: I have never had a litmus test.  I think the Court decided incorrectly there, but I’m a Federalist – it should be left up to the states.  We need to nominate people based on qualifications, not if I agree with their ideology.  There should be no litmus test.  These nominees should be picked based on qualifications, who adhere to the Constitution, not people who legislate from the bench.  (But people who stick to the Constitution would oppose Roe v. Wade).  I’ll have no litmus test.

Obama: I’d agree that we shouldn’t have a litmus test.  Fairness and justice should be given to the American people.  It’s very likely that one of us will be making 1 or more appointments, and Roe v. Wade hangs in the balance.  I support the decision in Roe v. Wade.  I believe that women are in the best position to make this decision.  The Constitution has privacy built into it that shouldn’t be subject to state referendum or popular vote.  “I will look for those judges who have an outstanding record … intellect.”  McCain and I disagreed when the S.C. made it harder for some woman to bring suit for equal pay for women.  The Court said that she waited too long.  If a woman is being treated unfairly, the Court needs to stand up if nobody will.

McCain: You can’t waive the statute of limitation 20 to 30 years.  Senator Obama, as a member of the Illinois State Senate voted in the Judiciary Committee against a law that would provide medical attention to babies who were not successfully aborted (essentially passive infanticide).  Then he voted present on the floor.  He did the same with partial birth abortion.  Men are liking this, but women not so much.

Obama: That’s not true.  There was a bill put forward that said that you need life saving treatment that would undermine Roe v. Wade, but there was a law alreay on the books.  On partial birth abortion: I’m supportive of a ban on late term abortions as long as there’s an exception for the safety of the woman’s life.    Both men and women are rating him a bit above average now.  Surely there is some common ground, when both sides can come together and prevent unintended pregnancies.  Communicate that sex shouldn’t be engaged in carelessly.  Adoption choices should be out there.  Those things are now in the Democratic platform, for the first time ever.

McCain: “Health of the mother” has been stretched to mean almost anything (such as mental health in some cases).  Cindy and I are adoptive parents.  We need to promote adoption and protect the rights of the unborn.

Schieffer: A question about education and national security – I missed what all it was.

Obama: No nation has had a bad economy and a good military.  Education is a huge part of this.  We need better pay for teachers.  We need college to be more affordable.  We’ll offer an exchange of community/military service with money for college.  We can’t do this just in schools.  Parents need to show responsibility too – encourage thirst for knowledge.  And he’s absolutely right here.  It starts at home.  People rated him as high as they could.

McCain: Choice and competition among schools are some of the key elements – New York and New Orleans – where we find bad teachers another line of work.  We need to give parents a choice in sending kids to good schools.  Charter schools are one option.

Schieffer: Should the federal government play a larger role?

Obama: The states need to be in control, but the federal government needs to step in and help struggling local school districts.  Bush did this with No Child Left Behind, “but unfortunately, he left the money behind.”  That was a good line.  McCain and I agree on charter schools.  I think we need to encourage competition between schools.  Bad teachers need to be replaced.  “Our kids need to have the best future.”  We disagree on vouchers, and we disagree on college accessibility.  McCain doesn’t have programs that help college groups.  (That’s because he’ll simplify the tax code to make finding tax credits for college easier to find).

McCain: Vouchers need to be provided, because parents WANT vouchers.  They wanted to chose the schools where their children go (this was in Washington, D.C.).  As far as NCLB, it had its flaws and problems, but it’s the first time we looked at this from the national perspective.  Head Start is a great program.  It’s not doing what it should do, so we need to reform it and fund it.  We can’t just give more money, we need to reform it too.  We need transparency, rewards, and funding.  We’ll find and spend money to find the cause of autism, but to have a situation that the most expensive education is in America means that we also need reform.  We can’t throw money at a problem without reform.  Vouchers work.

Obama: On vouchers in D.C.  The D.C. school system is in terrible shape.  The superintendent there is doing a great job (McCain interjected that she supports vouchers).  There’s not proof that vouchers solve the problem.  We need a President who will tackle this head on.

McCain: Obama said that because there’s not enough vouchers, we shouldn’t have any.  That’s wrong.

Schieffer: Closing statements.

McCain: Thank you.  We need a new direction.  “We cannot be satisfied with what we’ve been doing for the last 8 years.”  I’ve been a reformer.  I’ve opposed my party.  I’ve been a good steward of your tax dollars.  We need to make health care and education affordable to all.  We need to stop this wild spending.  All of these promises made tonight will be made based on whether you trust us or not.  I ask you to examine both my record as well as my proposals for this country.  I’ve put my country first.  “It’s been a great honor of my life, and I’ve been proud to serve, and I hope you’ll give me the opportunity to serve again.  I’ll be honored, and humbled.”

Obama: Washington has been unwilling to address the problems.  We cannot adopt the policies of the last 8 years.  We need change.  You’ve invited me into your homes.  “Our brighter days are still ahead, but we have to invest in the American people.”  College needs to be more affordable.  Wages need to be higher, and we need to grow the middle class.  “It’s not gonna be easy.  It’s not gonna be quick.”  Republicans and Democrats will have to come together.  “If you give me the … honor of being President, I will work tireously and  honorably to ensure the future of our children.”

Bob Schieffer: As my mother would say: “Go vote now.  It’ll make you feel big and strong.”

McCain/Obama: Thank you (to each other).

Alright, overall, I think this was BY FAR the best debate we had.  I commend Bob Schieffer.  He was by far the best moderator we had.

Overall, I think McCain won this won.  This is the first time I’ve called a debate (other than the VP debate, where I called Biden the winner), and I think McCain won.  He was VERY strong toward the beginning.  I think Obama was weak at the beginning, but picked it up toward the end, but overall, I think that McCain was the winner.

Again, I think McCain was definitely stronger here.  I think Obama was too weak.  This was definitely the debate McCain needed, but I’m not sure that it’ll be enough for him to recover.

Done Analyzing,

Ranting Republican
add to del.icio.us :: Add to Blinkslist :: add to furl :: add to ma.gnolia :: Stumble It! ::

Live Analysis of the October 7th Presidential Debate

October 7, 2008

Alright, we’re about 3 minutes away from tonight’s Presidential debate.  This one will be held in Belmont University in Nashville, TN.  Tonight, I’ll again be watching CNN and  the focus group will be undecided voters in Ohio (this time it’ll be broken up by men and women).  Tonight’s moderator will be NBC’s Tom Brokaw.

Alright, we’re now starting.

Allen Shaffer: “What’s the fastest solution to bail out” citizens, from economic turmoil?

Obama: We’re in the worst economic crisis since the Great Depression, and many of you are worried.  This is the final burden on the failed economic policies of the last 8 years.  McCain agreed with Bush, and stripped regulations, and now we’re paying for it.  Step 1: Make sure last week’s rescue package succeeds.  Come on Obama, it won’t – the package sucked!  The focus group is liking this.  Step 2: Tax cuts for citizens.  Help people stay in their homes.  Help states create jobs.  Health care.  Have politicians thinking about middle class.  Women really loved him, and men were pretty high up there too.

McCain: Americans are angry and upset and fearful.  I have a plan to fix this problem: energy independence.  Don’t send money to countries who don’t like us.  “Let’s not raise taxes on anybody–today.”  What was that – what was that “today” – that sounded bad.  “We’re gonna have to do something about home values.”  People can’t afford mortgage payments (well, that’s mainly their fault).  Have government buy up bad mortgages so people can pay them off – come on McCain – that plan sucks.  People had been liking him a lot there (more men than women), but it dropped down a bit toward the end.

Brokaw: Who would you appoint to Treasury Secretary?

McCain: Not you Tom.

Brokaw: With good reason.

McCain: Somebody who people can connect with.  Meg Whitman – CEO of some company – oh – Ebay.

Obama: Warren Buffett would be a good person, but there are others as well.  McCain said, “The fundamentals of the economy are sound.”  That’s because they are.  The principles of our economy, and the American work ethic is sound.

Oliver Clark: How will the bailout bill help people?

McCain: “You described bailout, I believe it’s rescue.”  I left my campaign to go back to Washington to make sure that there were protections for the taxpayer – oversight and a way to pay back taxpayers.  Fannie Mae and Freddie Mac are what lit this thing on fire, and many hadn’t heard of them before this crisis.  Democrats in Congress defended what Fannie and Freddie did while they got money from the two.  Obamagot the second highest amount of money from Fannie and Freddie.  Fannie and Freddie started this forest fire.  And he’s not doing to well with the focus group during that, although it came up toward the end.

Obama: Right now, the credit markets are frozen, so small businesses can’t get loans, and can’t make payroll, so they may have to lay people off.  “That’s why we had to take action.”  The biggest problem in this whole thing was the deregulation of the financial system.  I argued for more regulation, but nothing happened.  I never promotedFannie, but McCain’s somebody on his campaign–was something with Fannie Mae (I didn’t catch the whole statement).  The President has to make sure that the homeowners are protected.  He got pretty good ratings there.

Brokaw: Are you saying it’ll get worse before it gets better?

Obama: No, I am confident in the American economy.  Isn’t that what McCain said when he said the fundamentals are strong?  HYPOCRITE!  He got great ratings there.

McCain: It depends on what we do.  If we stabilize it and buy up bad loans, and get rid of special interests in Washington, we can fix our economy.  Our workers are the best in the world.  They’re the fundamental aspect of our economy.  “We gotta give them a chance to do their best. … They’re the innocent bystanders of” this crisis.

Teresa Finch: “How can we trust either of you with our money when both parties got us into this global economic crisis?”

Obama: I understand your crisis and cynicism.  “You’re right, there is a lot of blame to go around. … But remember, when George Bush came into office, we had a surplus … now we have a deficit.”  We’ve almost doubled our deficit.  Nobody is completely innocent.  I’m going to spend money on key issues that we have to work on, health care and energy.  Ratings are really high here.  Invest in college affordability.  “I’m cutting more than I’m spending.”  And men just plummeted in their ratings there.  And what exactly is he planning on cutting?

McCain: “The system in Washington is broken.”  I’ve been a reformer and crossed the aisle, working with Senator Feingold on campaign finance reform.  “The situation today cries out for bipartisanship. … Let’s look at our records as well as our rhetoric.”  Obama is proposing 860 billion dollars of new spending, and voted for every increase of spending that came across the floor.  He voted for nearly a billion dollars in pork barrel spending, including a projector for a planetarium in Illinois.  We need to get Americans working again, and get more jobs for Americans.  We need nuclear power.  We need to stop depending on foreign oil.  Ratings were pretty bad there, but came up at the end.  McCain was right – Obama’s earmarks are just atrocious.

Brokaw: Health care, energy, and entitlement reform – order of priorities?

McCain: Do all 3 at once.  We won’t be able to provide same benefits for future retirees as we are able to today.  I’ve worked across the aisle.  We can work on nuclear power plants, create new jobs.  We need alternative fuels, wind, tide, solar, natural gas, clean coal.  Health care – everyone is struggling to make sure they can afford their premiums.  We can do these all at once, and we have to do them all at once.

Obama: Your list of priorities.  Energy, we have to deal with today.  Gas is expensive, and it may go up.  Some countries like Russia, Venezuela, and Iran are gaining from high oil prices.  In 10 years, we need to be free of foreign oil.  Just like Kennedy said we can go to the moon in 10 years, this can be done.  That was a great analogy!  I missed what he just said.  I want to go line-by-line and eliminate programs in the federal government, and eliminate programs that don’t work, and make others cheaper.  Women are rating him really high now.  Money given to big oil companies, which McCain wants, takes money out of the system.  Don’t mislead, Obama, he wants to give tax cuts to ALL companies, but that doesn’t exclude oil companies.

Brokaw: What are you gonna ask Americans to sacrifice to get out of the depression?

McCain: Talking about defense contracts that were done corruptly.  Get rid of earmarks, and some of those are “good” projects, but they have to be eliminated still.  Except for Defense, Veterans Affairs, and other crucial programs, we will have to have a spending freeze.  Keep everything transparent.  Don’t allow for the government to hide earmarks.

Obama: After September 11, everybody came together, and President Bush did some smart things at the outset.  We need leadership to focus on problems inside and outside of government.  We need to think about how we use energy – we need to tell oil companies to start drilling and invest in clean coal technology.  We need to think of ways that we can conserve energy, and provide incentives to buy American cars that are fuel efficient.  The young people of America want to serve, and we need to increase the Peace Corps.  Ratings were really high there, especially among women.

Brokaw: President Bush last summer said Wall Street got drunk.  Now many think that both Washington and consumers also got drunk.  How do you get people to reduce easy credit and overspending?

Obama: We have to cut spending and increase revenue.  There are $18 billion in earmarks, but McCain wants to give tax cuts to CEOs, and that’s not sharing the burden.  Actually, it IS sharing the burden – it’s sharing it equally.  All of us need to contribute and make sacrifices.  We don’t need an across-the-board freeze.  That way, we only help those who need it.

McCain: Obama wants to raise taxes.  The last President who raised taxes during hard times was Herbert Hoover.  We’ve lost 700,000 jobs in America, but300,000 jobs have been created by small businesses.  Obama’s tax increases will increase taxes on over 50% of small businesses, meaning that jobs will have to be cut.  Obama said he’d fore go his tax increases if the economy was bad.  The economy is bad.  I don’t want to increase tax cuts.  I want to leave tax cuts alone, but give tax credits to people, and give credits for health care.  Let’s get our economy going again.

Obama just tried to keep going and Brokaw shut him up!  YEAH!

Brokaw: Would you tell Congress to do something about Social Security and Medicare within 2 years?

Obama: We won’t solve Social Security and Medicare without solving tax problems.  I want to provide a tax cut for 95% of Americans.  THAT’S A LIE!  ONLY 90% of Americans even make enough money to PAY taxes!  We provide a 50% tax credit to small businesses to buy healthcare.  And the ratings are really high here, again, especially with women.  McCain wants to give tax cuts to large corporations and the rest going to CEOs.  “That is not fair, and it doesn’t work.”  If we reverse the policies of the last 8 years, then we can deal with Social Security and Medicare, because we’ll have a health care plan that works for you.

McCain: “Hey, I’ll answer the question.”  It’s not that tough to fix social security – we have to sit down and fix this together.  Reagan and Tip O’Neill sat down and worked together.  Have a commission come together withrecommendations.  Then have Congress vote up or down, and not fool with it.  Obama has voted to increase taxes and voted against tax cuts.  I have fought to reform government.  “We’ll get our economy going again, and our best days are ahead of us.”

Ingrid Jackson: Congress moved pretty fast with the economic crisis.  How would you make sure they move fast with environmental issues?

McCain: “When we have an issue that we may hand our children a damaged planet–I have disagreed strongly with the Bush Administration.”  We brought this issue to the Senate.  We need nuclear power.  Nuclear power is safe and clean, and creates hundreds of thousands of jobs.  My liberal roommate’s getting mad that the focus group doesn’t like this: “These voters suck.”  And the ratings went up a bit at the end there.

Obama: “It is absolutely critical.”  We need to create a new energy economy.  We need to understand that this is a national security issue.  I favor nuclear power as one component.  OK, the focus group does suck.  They’re now rating him high, and he’s saying basically what McCain said.  The focus group seems kinda biased.  McCain’s problem withenergy is that he hasn’t done anything with alternative fuels.  It’s easy to talk about this stuff, but McCain hasn’t done anything.  McCain talks about drilling, and that’s important, but there’s not enough here at home to “drill our way out of the problem.”

Brokaw: Do we need a Manhattan-like project to deal with the energy crisis?

McCain: We need government involvement initially, and then once it’s started, release it to the private sector.  Obama (this is where he said “that one”) voted for a bill that Bush/Cheney backed with lots of money for oil companies, and I voted against it.

Lindsey Trella: Health care has become a profitable industry.  Should health care be treated as a commodity?

Obama: Health care is a very important issue.  Premiums have doubled over the last 8 years, and co-pays have increased as well.  We have a moral and economic imperative to do something about this.  Here’s what I would do: you can keep your plan if you like it, and we’ll work with your employer to lower your premiums.  We’ll work on making forms electronic, instead of on paper.  You’ll be able to have the same health care plan that Congress gets.  McCain has a different approach.  He’ll give you a $5,000 tax credit, but then tax your employer health care benefits.  He’ll then take out regulations that states have that make sure that you get certain things covered under your insurance.

McCain: You’ve identified one of the major challenges that America faces (directed to the audience member).  We need to impose efficiencies.  There’s a fundamental difference between me and Obama.  Obama will pose mandates.  If you’re a small business owner or parent, and you can’t afford health care for your employees or children, Obama will fine you.  How does that help the situation?  He’s ABSOLUTELY RIGHT!  How will that help you if you can’t afford health care already?  95% of Americans will have increased funds to get health care under my plan, except the really rich people.

Brokaw: Is health care a privilege, right, or responsibility?

McCain: Responsibility.  The government shouldn’t mandate that health care must be provided to all.  There shouldn’t be fines for these companies or parents, and Obama hasn’t said how much the fine is yet.

Obama: Right, for every American.  Talking about his mother dying at 53, and arguing with insurance companies.  He’s really rating high right now.  If you have a plan that you like, you can keep it, I’ll just help lower the premium.  Small businesses won’t have a mandate, they’ll get a 50% tax credit.  We don’t want kids going to ERs for treatable illnesses like asthma.  McCain voted against (something dealing with children and health care).  Crack down on insurance companies cheating their companies.  The problem with going across state lines is that companies will go to states that have laxed laws and cheat their customers, like banks do in Delaware.  DID HE JUST USE HIS RUNNING MATE’S STATE AS A BAD EXAMPLE!!!

Phil Elliot: How will our economic distress affect our position in the standing of the world militarily?

McCain: Much of the criticism of our foreign policy is justified.  We are peace makers and keepers.  We need to know when to go in and when not.  That question can only be answered by someone who understands these things.  We need to prevent the spread of genocide.  He’s rating really high here.  My opposition to sending Marines to Lebanon, and my stance on Bosnia, Russia, and others show that I understand these things.  Obama has been on the wrong side of some of these issues.

Obama: I don’t understand how we invaded Iraq when bin Laden is still free.  McCain said that Iraq would be quick and easy.  We’re spending money in Iraq when Iraq has a surplus.  We need that money more than them, and they have a surplus.  We are the greatest nation in the world, but we can’t maintain our military superiority if our economy continues to decline.  He is right about that.  We need to fundamentally change our foreign policy.

Brokaw: Let’s establish doctrines for using force when national security isn’t at stake, but in humanitarian issues?

Obama: Would’ve stopped Rwanda and the Holocaust.  When we stand idly by as genocide occurs, that diminishes us.  We should intervene when possible, but we can’t be everywhere all the time.  We need to work in concert with our allies, such as in Darfur.  We need to lead the international community.

McCain: If we had withdrawn from Iraq when Obama wanted to, it would have been a travesty.  Genocide is terrible, and we never want it to happen again.  We need a person who understands the limits of our capabilities.  We went into Somalia being peace makers, but had to withdraw in humiliation.  I stood up against Reagan with Lebanon.  We have to be able to beneficially affect the situation, realizing that we’re sending Americans into harm’s way.  I won’t make these decisions lightly.  We can’t have another Holocaust or Rwanda, but we can’t make the situation worse.

Katie Hamm: Should we respect Pakistani sovereignty and allow terrorists to stay there or invade like we did with Cambodia during Vietnam?

Obama: We got distracted from Afghanistan and Al Qaeda, and went to Iraq.  They’re now stronger now than any time since 2001.  They’re plotting to kill Americans right now.  We need to end the war in Iraq, put troops into Afghanistan, eliminate drug trafficking, and change policies with Pakistan.  We need to encourage democracy, and if we have bin Laden in our sights, and Pakistan won’t or can’t take him out, we will take him out.  That’s our number 1 national security priority.

McCain: Obamawants to announce when we’re going to attack Pakistan.  It’ll turn public opinion against us.  We drove Russians out of Afghanistan with Afghani freedom fighters, and that led to bin Laden coming to power.  General Petraeushad a strategy of getting the support of the Pakistani people, and working with them to get Al Qaeda.  Don’t threaten to attack them, but talk with them.

Obama: Nobody called for the invasion of Pakistan, but to strike inside of Pakistan if bin Laden is available to be taken out.  And I agree with Obama here on this one.  McCain IS twisting his words, and not taking bin Laden out when Clinton happened is one of the things that led to September 11th.  Pakistan was not promoting democracy, and it undermined our fight on the war on terrorism.

McCain: I have supported efforts that the U.S. had to go in militarily, but opposed it when it wasn’t necessary.  I was joking with a veteran about Iran (Obama used McCains “Bomb bomb bomb, bomb bomb Iran” quote).  I will act responsibly as I have through my military career.

Brokaw: In Afghanistan, the senior British Commander has said that we’re failing in Afghanistan.  The Afghans need to take over.  We need an acceptable dictator.  What’s your opinion?

Obama: We need to withdraw from Iraq responsibly, and make the Iraqis take control so that we can put more troops into Afghanistan.

McCain: The same overall strategies between Afghansitan and Iraq are the same.  We need more troops, like Obama is saying.  Obama still won’t admit that the surge worked, and that’s the same strategy that we will need in Afghanistan.  Once they feel secure, they can lead normal lives, the same thing that’s happening in Iraq today.  And he’s absolutely right here.

Brokaw: How can we get Russia to behave better without starting another Cold War?

McCain: We won’t have another Cold War.  I warned about Vladimir Putin a long time ago – I saw a “K,” a “G,” and a “B.”  He was wrong with Georgia.  Ukraine is in Russia’s sights now (it’s in the sights of the Somalians too – that whole pirate thing is just weird).  We need to talk, such as in the G8 summits.  Russia must realize that this is not acceptable, and we need economic and diplomatic means to show that that this is not acceptable.  Really high ratings there, and he’s absolutely right.

Obama: Russia will be an issue that we’ll have to deal within the next 4 years.  I agree with Senator McCain on most of that.  We can’t just have diplomacy.  We need to support, financially, former U.S.S.R. countries, such as Georgia, Estonia, Latvia, etc.  Georgia is suffering, and that’s probably what Putin wanted to happen.  Russia was trying to obtain territories, and this is unacceptable.  We need to be proactive, not reactive.  He is right here – we have to be a step or 2 ahead of Russia.  Energy will be key in dealing with Russia, that’s one of the things that happened in Georgia’s situation.

Brokaw: Is Russia under Putin an evil empire?

Obama: No, but their actions are sometimes.

McCain: If I say yes, it reignites the Cold War.  If I say no, it seems like I’m ignoring it.  Energy is a key issue.  My liberal roommate just said that both want to say yes, but it’d be political suicide to do so.

Terry Shirey: If McCain attacks Israel, would you send troops or wait for UN Security Council approval?

McCain: We wouldn’t wait, because Russia and China would pose obstacles to sending troops.  Iran with nukes is a threat to the stability of the Middle East – other countries would acquire nukes.  Obama would meet with them without preconditions.  I would impose tough sanctions, and we can abridge their behavior, and hopefully they’ll abandon this quest for nukes.  We can never allow a second Holocaust to take place.

Obama: We cannot a nuclear Iran.  “It would be a game changer in the region.”  It would threaten Israel – one of our strongest allies.  As well, it would lead to nukes in the hands of terrorists.  I will never take military action off the table.  If we can work more effectively with more other countries to tighten sanctions, we should.  He’s getting rated higher, but said the same things as McCain – the focus group is biased folks.  Neither of them answered the question about if Iran ATTACKED Israel.  When we stopped talkingwith Iran, their nuclear pursuance increased, as did North Korea’s when we stopped talking.

Brokaw: What don’t you know, and how will you learn it?

Obama: It’s the challenges that we don’t expect that consume most of our time.  I wouldn’t be standing here if my country hadn’t given me great opportunity.  The question in this election is will we pass on this same American dream?  That dream has diminished – people are losing health care and going bankrupt.  Kids can’t afford college.  We can’t keep doing the same for the next 8 years.  We need fundamental change.  Really good ratings there!

McCain: I think what I don’t know is what’s gonna happen both here at home and overseas.  What I don’t know is what the expected will be.  I know what it’s like in dark times.  I know what it’s like to fight and hope through dark times.  “I know what it’s like to have your comrades and neighbors reach out to you and put you back in the fight.  That’s what America’s all about.”  It’s been my privilege to serve this country, and I’m asking for an opportunity to serve you more.  I’ve always put my country first.  Good ratings at the end, but not as good as Obama’s.

Brokaw, thank you… “You’re in the way of my script.”  Thank you, and goodnight from Nashville.

Alright, overall, I thnk that both candidates performed pretty poorly.  Overall, I can’t really pick a winner.  I hate doing this again, like I did after the last debate, but I’m going to have to call this one a tie.  McCain wasn’t as strong on foreign policy as he could’ve been (and that’s his strong point).  On economic issues, he had some good plans but he didn’t seem to appeal to the average Joe citizens.  The media has been commenting on McCain calling Obama “That one” when he was talking about Obama voting for money given to oil companies (and I’ve put it in italics in the text above).  Apparently it caught some people as awkward.  The consensus on CNN was that it was intended as “that one” versus “this one” (meaning “me” from McCain’s stand point).  Sure it was maybe bad wording, but I don’t think it was anything to get worked up about (and again, my liberal roommate agrees here).  Look, politicians use poor choices of words all the time.  I’m not saying McCain should’ve said it, but it’s nothing that people need to complain about.

Also, Obama seemed to get a little overconfident at the end, and he was stuttery at times.

Both candidates wanted to violate the rules of the debate, and just keep talking.  I think Brokaw needed to do a better job of moderating.  Instead of just saying, “You didn’t stop when the red light turned on,” he should’ve said, “Your time is up.”

At some points, some of McCain’s humor was just sucky (kinda like my fathers at times – he’ll tell these lame jokes when he’s doing announcements at church that he’s got this reputation, and people just kinda laugh to humor him, and the fact that he’s tried to tell a joke becomes the joke – it’s not always a bad thing, but it was with McCain).

Again, I do think that this was a tie, and this was one that McCain could not afford to lose.  McCain is going to need a couple small miracles to actually come back from where he’s at now.  I’m not giving up hope, but it’s definitely Obama’s race to lose at this point.

CNN just released a poll – Obama gained favoribility and lost unfavorability, but McCain stayed the same on both.  Overall, those polled thought Obama won (56%-30%).

Done Analyzing,

Ranting Republican
add to del.icio.us :: Add to Blinkslist :: add to furl :: add to ma.gnolia :: Stumble It! ::

Live Analysis of the Vice Presidential Debate

October 2, 2008

We are waiting for the debate to start.  Tonight’s debate will be between the VP candidates, Governor Sarah Palin (R-AK) and Senator Joe Biden (D-DE), and will be starting in about 1 minute.  It’ll be moderated by Gwen Ifill, from PBS.

OK – now we’re about to start.

Ifill: Talking about the Senate bill.  “Was this the worst of Washington, or the best of Washington?”

Biden: Neither.  The economic policies of the last 8 years were the worst part.  Obama laid out rescue plan: Oversight, “focus on homeowners and folks on mainstreet, treat taxpayers like investors, and lastly, make sure CEOs don’t benefit.”  “We will fundamentally change the … economic policy.”

Palin: “Our economy is hurting, and the government has not provided the sound oversight that we need and deserve.”  Women undecided voters in Ohio (the group they’re surveyin is Undecideds in Ohio) arereally liking her, now she’s mentioning McCain, and she’s dropped a bit – talking about his  policy will accomplish what we need.

Biden: Talking about McCain saying “the fundamentals of the economy are strong” – well he was talking about the PRINCIPLES of CAPITALISM and the American workers, not the details of our current economy!  Women, liking Biden more than men, a trend that seems to carry no matter who’s talking.

Palin: Basically correcting Biden’s statement about McCain, saying what I said.  Americans are craving reform.  Men had liked her more, then women climbed back on top.

Ifill: Subprime lending meltdown.  Who was at fault?  Lenders or buyers?

Palin: “Darn right it was the … lenders.”  And the women are as HIGH as they can go on  the chart – wow.  Talking about not living outside of our means, that we do need to take responsibility – and both categories are as high as they can go.  Basically saying that this isn’t the people’s fault, but that we can learn a lesson from it, and take steps to insure that we don’t live above our means.

Biden: Saying McCain let Wall Street run wild.  That his stances for deregulation were bad, and Wall Street can’t regulate itself.  Well, it can and should, Mr. Biden.  Saying that McCain wants to deregulate the health care industry.  I got interrupted there – lost what Biden said.  I did notice the chart, women liking him more than men, but not as high as Palin.

Palin: OK, I’m back – something about tax reduction and letting private sector keep more of what we produce.  We need tax relief.  Undecided Ohio voters are loving her.

Biden: Palin lied: Obama didn’t raise taxes.  Saying that Palin didn’t answer the question about deregulation.  Saying that McCain DID pursue deregulation.

Palin: Wants to correct Biden’s misstatements on taxes first.  Now talking about what she did in Alaska for taxes.  Now on to talking about McCain pushing for more regulations: citing tobacco and campaign finances.

Ifill: Time is up.  Next question: Tax benefits on health care.

Biden: “The middle class is struggling.”  He’s right – middle class families are struggling, and the voters understand this and are agreeing with him.  He’s hitting it home here, and the focus group is liking it, women more than men.  Saying that Obama will cut taxes for people under $200,000.  Talking about McCain wanting to raise taxes, but as soon as he went negative, his ratings went down, now back up.  But Biden did hit it home to the average Joe voters – it was good for Obama.

Palin: Talking about Biden saying that paying higher taxes is patriotic, and that she disagrees, coming from the middle class.  Saying that private sector and  families should grow, thrive, and prosper.  Talking about Obama’s spending being “the backwards way in growing the economy.”  Talking about McCain’s health care plan: $5,000 tax credit – “that’s budget neutral,” unlike Obama’s plan which will cost the government money.  Her ratings aren’t doing too well right now.  Saying that McCain will promote crossing state lines to purchase plans – and that’ll increase competition.

Biden: Talking about not redistributing money to big businesses.  Talking about health care – he’s kinda stuttering and bumbling around during this part.  He’s talking about health care, specifically McCain taxing health care benefits, which will have money going to insurance companies.  Having to replace a $12,000 plan with $5,000 because 20 million people will be dropped.  “The ultimate bridge to nowhere.”  Good quote – the focus group didn’t like it, but I thought it was clever.

Biden: talking about tax cuts, and not going through with the Bush tax cuts.  Not gonna support tax cuts for corporate wealthy.  Not gonna support tax cuts for Exxon/Mobil.  Saying we can’t slow up on education.  And  the women are  rating him as high as they can right now, but men putting him at neutral now.  Saying he and Obama will eliminate wasteful spending, one which is a tax dodge by putting their post office box off shore.

Palin: “McCain doesn’t tell 1 thing to 1 group” and something else to another group.  Talking about the energy plan: Obama voted for a plan that gave oil companies big tax breaks.  Saying that she took on those oil companies.  They were doing what they need to do, but they’re not her biggest fans, because she broke up monopolies, and she was at a neutral rating all through that, but is now a little bit positive.  Reemphasizing that Obama voted FOR that energy plan.  Saying that her area of expertise is energy.  Saying that she’ll do what is right for the American people, and stop greed on Wall Street, and that the rescue plan needs oversight.  She dipped pretty negative there, but balanced it out at the end.

Biden: Talking about Obama voting for the bill.  Saying it was the first bill that really allowed for alternate energy.  Why is McCain adding tax cuts for oil companies? (he asked).  Saying that we should be able to give back money to everybody just like Palin did in Alaska, but under McCain’s plan, it’ll all go to companies.  Saying he hopes Palin will convince McCain to support windfall tax, like Palin supported in the past.

Ifill: Something about economy and something about debt – I didn’t hear exactly what it was.

Palin: We need to be appreciative of McCain’s call for reform.  And emphasizing reform is a very good strategy for her (and Biden) in this debate.  Put politics and campaign aside and fix this “toxic mess on Main Street that’s affecting Wall Street” (I think she switched the 2 of those up).

Biden: Saying that McCain and Palin don’t support certain ways to help the people through one of the bailout bills, I missed the specifics – women liked him, men didn’t.

Palin: Talking about doing all we can do to become energy independent.  She dropped really low, and is coming back now, talking about having to rely on foreign countries, instead of “dollars circulating here creating 10s of 1,000s of jobs. … Energy independence is the key to this nation’s future.”  Talking about not giving oil company tax breaks.  She rose pretty high there, but dropped down at the end.

Ifill: What’s true and false about climate change.

Palin: Talking about Alaska often changed by climate, since it’s an arctic state.  Some of it’s human-caused, others of it is cyclical.  Doesn’t want to argue about causes, but wants to discuss how we’ll clean up the planet.  That’s a great answer – and she’s right.  Who cares HOW we got here, as long as we know HOW to fix it!  We need an all of the above approach to tap into energy as well as conserving fuel – and she got pretty high ratings there.

Biden: “I think it’s clearly man-made.”  And he dropped down a bit there.  Saying that we can’t get a solution unless we know the cause.  Well, Mr. Biden, even the National Climatic Data Center doesn’t know the cause, and it’s their job to figure these things out.  Talking about ways to stop greenhouse gases from being emitted.  Saying that China is building new dirty coal plants weekly – we need to export technology to help them and their environment.  Saying McCain voted against alternative energy 20 times.  Biden got some pretty good ratings there.

Palin: McCain supports caps on drilling.  Saying that we need to tap into oil, and that’s what the people want.  She gave the “Drill baby, drill!” quote and that dropped her pretty bad.  Saying that Biden called drilling “raping” the continental shelf.  Saying that we need an all of the above approach.  Saying that Biden didn’t support clean coal, saying that he said there’s no such thing as clean coal.

Biden: Saying that the comment was taken out of context, and that he’s supported clean coal for 25 years.  If the only answer you have is oil, and not everything, how will that help?

Ifill: Do you support, as they do in Alaska, benefits to gay couples?

Biden: Absolutely.  In our administration, there will be no difference between gay and straight couples.  And  here’s where I disagree – it’s a states’ rights issue.  He brought up visitation in hospitals, and I do agree there.  Although he’s remaining barely above neutral ratings.

Palin: I wouldn’t do it if it redefined marriage, but I will be tolerant.  Saying that she has a diverse group of family and friends – I can’t tell if she’s implying gay friends?  Saying that McCain wouldn’t ban visitation rights, but supports defining marriage between 1 man and 1 woman.  She did pretty good in ratings.

Biden: Neithe me nor Obama want to redefine marriage.  That’s a decision to be left by the faith institutes.  Saying that Palin doesn’t want differences in rights, so they’re on the same page.

Palin: Says that she doesn’t want to redefine marriage, so they agree.

Ifill: On Iraq – exit strategy.

Palin: Saying that we have a good plan, and that the surge worked, is working, and  Obama shouldn’t have voted against troop funding, and she’s glad that Biden stood up to him on that.  Saying that we can start putting more troops in Afghanistan.  She’s rating right around neutral right now.  Saying that we’re getting closer and closer to victory, and it’d be a travesty if we quit in Iraq.

Biden: I didn’t hear a plan.  Outlining Obama’s plan: Train the Iraqis.  McCain voted the same way in no funding for troops.  Said he won’t fund them with a timeline.  He’s rating pretty decent now.  Although he dropped a bit with women when he attacked McCain.  Saying it’s time Iraqis spend their own money, and he’s now maxed out at the women’s rating and is almost there with men.  “For John McCain, there’s no end in sight to end this war.”

Palin: “Your plan is a white flag of surrender in Iraq” and thats’ not what our troops needed.  The surge worked, and Obama can’t admit that.  Saying that Biden would’ve been on McCain’s ticket because he supported McCain’s stance on Iraq, and that he flip flopped when Obama picked him.  Saying Obama voted against troop funding.

Biden: Saying McCain voted against funding for troops.  Voted against it because it had a timeline in it to end the war.  Saying McCain has been dead wrong on fundamental issues on the Iraq War.  “There are the facts.”  He got pretty good ratings back there.

Ifill: Which is more dangerous: nuclear Iran or unstable Pakistan?

Biden: Pakistan already has nukes.  Could hit Israel.  Iran is not close to getting nukes, so both are very dangerous.  Saying that John still thinks that the battlefront on terrorism is in Iraq.  Ratings are really high, especially among women – he’s doing pretty good here.  Saying that we need to help them build schools (in Pakistan) and that’s where bin Laden lives.  We need to go after him.

Palin: Saying that both Petraeus and Al Qaeda said that the central battlefront was Iraq.  The only thing they agreed on.  Saying that Ahmadinejad is unstable (quoted him on Israel).  Talking about Obama meeting with nations without preconditions, showing naivety on Obama’s part.  And her ratings went from pretty good to neutral.

Ifill: Secretaries of State have advocated talking.  Are they wrong?

Palin: No.  We need diplomacy, but with dictators who hurt America cannot be met with just sitting down on a Presidential level like Obama said he’d do.  “Diplomacy is hard work by many people.”

Biden: That’s not true.  He didn’t say sit down with Ahmadinejad.  It surprises me that McCain doesn’t know that he doesn’t control the security apparatus of Iran.  Saying that McCain and Palin said they have passion for diplomacy, and we need talks with our friends and allies, yet our allies said, “Sit down and talk,” but we didn’t.  Rating pretty good there.  McCain said he wouldn’t sit down with Spain, a NATO ally who has troops in Afghanistan.  “I find that incredible.”  Rating great there – and yeah, that was a really dumb moment by McCain.

Palin: Forging peace will be top of McCain/Palin agenda.  We will never allow a second Holocaust, even if that’s what Iran warns of.  Saying we need more peace, but we need commitment, and we’ll give that commitment.  Great ratings there.

Biden: “Nobody has been a friend to Israel in the Senate as much as Joe Biden.”  What about Bernie Sanders?  I’m just assuming that since he’s Jewish he supports Israel, but I could be wrong.  Talking about Hezbollah and that they’re a legitimate part of the government of Lebanon.  We will change this policy, and stand with Israel, not insist that policies are past.  Rating great there.

Palin: Saying that she’s glad Biden cares so much about Israel.  Saying that we can’t keep finger pointing at Bush (like Biden just did – I left that out when I typed above).  Put partisanships aside – he’s known as the Maverick.  It’s good that she’s bringing that up.

Biden: How different will McCain’s policy be different than Bush’s?  He hasn’t heard how it’s different.  On Israel, Iran, Pakistan.

Ifill: What should be the trigger when nuclear weapons use is put into play?

Palin: Dangerous regimes cannot be allowed to get nukes.  “Period.”  Saying we need sanctions on nations like North Korea.  On Afghanistan, McCain’s stance is different than Bush’s – McCain will use surge principles, just like we did in Iraq, and it worked.  Saying we’re fighting terrorists and securing democracy and building schools.

Biden: On Afghanistan–commanding general said that the surge principle will not work in Afghanistan.  And Biden’s ratings are pretty good now.  Spent more in 3 week on Iraq than 6 1/2 years in Afghanistan.  Ratings are pretty good there.  Saying that McCain hasn’t supported nuclear test ban treaties.

Palin: Saying that the general didn’t say that the surge principles wouldn’t work.

Biden: Saying that the general DID say that.  Obama, Hagel, Biden, and Lugar have called for more money in Afghanistan.  McCain said we had already succeeded in Afghanistan.  We need to spend more in Afghanistan than on Iraq.

Ifill: Biden, you’ve had an interventionist stance.  Should America continue this?

Biden: It worked in Bosnia (this is something Ifill brought up), and he supported it and was the first for it.  On Iraq, he voted to let us go to war, but opposes it.  We needed to have our allies with us.  In Darfur, we cannot allow for the genocide – we need to provide helicopters.  And the ratings skyrocketed.

Palin: Saying that she must be a Washington outsider, since she doesn’t get why he switched his views, and compared him to Kerry.  Saying that he opposed Obama’s strategy and now is for it.  We can agree on Darfur, specifically the no-fly zone.  And her ratings are going up decently.  Talking about not using money that would look like we will allow travesties in Darfur.

Ifill: When is the line to be drawn to go to War?

Biden: Can we afford it?  When a country engages in genocide / terrorism, that country forfeits their right to say that we can’t intervene.  Saying that he predicted Sunni/Shia conflicts.

Palin: I disagree with you on whose strategy you supported.  John Mccain has faced challenges and knows what evil is, and will know how to implement commanders, and will know how to win a war.

Ifill: If the worst were to happen, how would a Biden administration differ from an Obama administration?

Biden: I’d carry out policies – accurate health care, an energy policy that creates new jobs.  A foreign policy that gives power to Iraq.  Reject the Bush doctrine.  He’s rating as high as he can among womenn, and VERY good among men.  It’s the most important election you’ll have voted in since 1932.  I agree with Obama on every major suggestion.

Palin: Talking about disagreeing on drilling in ANWR, continue good work he started – getting rid of greed in Washington and Wall Street.  The money needs to be put to the average family.  And her ratings are skyrocketing – maxed out for women, very high for men.  Talking about Obama’s plan being bad for our economy.

Biden: Saying that it’s been Bush’s economic policy that hurt us.  Saying that McCain says he’s different, but he really isn’t.  “The middle class has gotten the short end.”  Very good ratings.

Palin: Saying that teachers need more pay.  We need better education.  Her ratings are doing pretty good.  Education in America is just accepted to be a little bit laxed, and that’s unacceptable.  We need to reform No Child Left Behind.  Very high  ratings among women and pretty good for men.

Ifill: What does the Vice Presidency do?

Palin: Talked about her saying a lame joke, “and yours must’ve been a lame joke too because nobody got it.”  Pretty funny.  Talking about presiding over the Senate.  Saying “McCain has tapped me and that’s where he wants me” – dealing with special needs children – might’ve been education, I missed part of it.

Biden: “I would be the point person for legislative initiatives.”  Saying that he’ll give Obama his best advice.  Sahying that he won’t be afraid to tell Obama if he disagrees.  Pretty good ratings.  And he’s showing himself being somewhat of a Maverick or independent, and willing to disagree with HIS president.

Ifill: Opinion of Cheney’s Vice Presidency.

Palin: Talking about doing best for the American people in cooperating with the President’s agenda, and that there’s a lot of flexibility.  Talking about her executive experience, and those years will be put to good use.

Biden: It’s been the most dangerous we’ve had.  Only preside over Senate when there’s a tie vote.  Give President advice.  His ratings are VERY high right now.  Criticizing Cheney’s defining the VP as a legislative job.

Ifill: What are your Achilles heels?

Palin: Responding to Ifill (who asked if it was her experience).  I was experienced in being a governor and mayor, and I’m tapped into average families.  Talking about standing for tolerance, freedom, and equal rights.  Combine that with being a team of reform and it’s a good ticket.  Pretty good ratings.

Biden: Responding to it being his lack of discipline.  I’ll place my record against McCain’s.  Talking about crime bills.  Talking about it knowing what it’s like to be a single parent.  Saying that he’s much better off than many Americans now, but the notion that because he’s a man, he doesn’t know how to raise to kids alone.  And he’s getting emotional here – and it is really appealing to the focus group – that was Biden’s best moment right there – and it was a GENUINE moment.  It’s going to be hard for Palin to make any comeback from that without looking bad.

Palin: Americans aren’t looking for more of the same.  Talking about John McCain’s Maverick position.  And she’s not doing well with the focus group, just as I predicted.  Talking about not allowing Wall Street greed, and now she’s picking up ratings.  “Change is coming and John McCain” will bring reform.

Biden: McCain is not a Maverick – he voted for Bush’s budget.  He voted against putting children into health care coverage.  Not a Maverick on education, on the war, on virtually anything that affects the average people.  He’s rating pretty high.  “Maverick he is not on the important issues that affect people at the kitchen table.”

Ifill: Single issue where you had to change a long-held view to accommodate circumstances.

Biden: Yes, the only thing that mattered for a judicial nominee was a moral person who hadn’t committed crime.  Now I realized that ideology matters, and he gave an example of somebody he opposed.  Women liked his response, but Men are rating him neutral.  “I’m glad I did [change on that].”

Palin: There’ve been times when I was governor and mayor that I didn’t like, but didn’t veto.  Times when I wanted to cut taxes, but didn’t have enough support.  Never a time when I had to change my views because up in Alaska, we’ve been able to compromise and work things out.  That’s what I’ll do in Washington, and that’s what McCain has done.

Ifill: How do you change the tone and promote bipartisanship, after looking at the bailout vote?

Biden: I’ve worked across the aisle and changed opinions of my party and the Republicans.  Saying that people shouldn’t question motives of members of the Senate.  Question their judgment, not motives.  And he got pretty good ratings there – that was a pretty good statement.

Palin: Do what I did as Governor – walk the walk and appoint people from both parties.  Work together.  Let policies and proposals speak for themselves.  Lower taxes on workers and businesses.  Rein in spending.  Don’t support a ticket that will increase spending.  And her ratings were doing really good, but she’s dropped a bit.

Ifill: Closing statements.

Palin: Glad to be here and glad to meet Biden and debate him.  Wants to speak to people without filters – just speak to them.  We’ll fight for the average American people.  Always been proud to be an American, and so has McCain.  We need to fight for freedoms.  “Freedom is always a generation away from extinction.”  We will fight for freedom, and only McCain has fought for you.

Biden: Thank you, and it was a pleasure to meet you Governor.  This is the most important election you’ve ever voted in.  There’s a need for fundamental economic and foreign policy change.  Obama and I don’t look at that based on CEOs and tax credits to Exxon/Mobil, but when sending a kid off to fight in a war.  They should be guaranteed best health care and education.  Really good ratings right now.  Talking about believing in selves and accomplishing things, and that’s why him and Obama are running – to reestablish that mood.  It’s time for America to get back up together.  May God bless you, and may God protect our troops.

Ifill: Thank you to the Commission, the University, Governor Palin and Senator Biden.  “Good night everybody.”

Palin: “Thank you so much!  Thank you Gwen.”

Why is her mic still on?  that’s weird.

So, my analysis overall:

  • I didn’t like the fact that Palin avoided some of the questions at the beginning.  She lost some points with me here.
  • Biden got a little wordy and confusing toward the end at some points, but it wasn’t a huge issue.
  • I give a lot of credit to Biden for being a single dad.  When he started getting emotional, that was a powerful moment, and I felt for him – I could feel the emotion just watching him.  It didn’t affect the outcome of the debate (at least not in my mind), but I think credit needs to be given to him for that.

Overall, I call it a Biden victory.  Perhaps it’s just because I was going into this thinking that Palin wouldn’t perform well, but I didn’t think she did too bad, but I would definitely say that I am confident that Biden won.  I really don’t think that either campaign will get a bump from this, but if anybody will, I think it’ll be McCain.  Like I said earlier today, it was Biden’s debate to lose.  He performed very well, but Palin did as well, and for Biden to help the Obama ticket much more, he would’ve needed to blow her out of the water, and that just didn’t happen.

Done Analyzing,

Ranting Republican
add to del.icio.us :: Add to Blinkslist :: add to furl :: add to ma.gnolia :: Stumble It! ::

Analysis of the House Voting Down Yesterday’s Bailout Bill

September 30, 2008

I had hoped to do a post on this yesterday, but I wanted to actually see the bill before I did anything on it.  It took them a while to get the bill language up, and I found out that it was about 110 pages long (it is available here if you’re interested).  Also, here’s the bill that the Senate didn’t vote to pass (it needed 60% to pass).

As I’m sure all of you know, the House voted down yesterday’s bill, H.R. 3997, the “Emergency Economic Stabilization Act of 2008″ 205 (140D/65R) – 228 (95D/133R), with 1 not voting (R).

The following is the summary of the act, courtesy of the Financial Services Committee of the House:

SUMMARY OF THE “EMERGENCY ECONOMIC STABILIZATION ACT OF 2008″

I. Stabilizing the Economy

The Emergency Economic Stabilization Act of 2008 (EESA) provides up to $700 billion to the Secretary of the Treasury to buy mortgages and other assets that are clogging the balance sheets of financial institutions and making it difficult for working families, small businesses, and other companies to access credit, which is vital to a strong and stable economy. EESA also establishes a program that would allow companies to insure their troubled assets.

Alright, this basically explains the principle that the Representatives who were for the bill were advocating: This is an investment, not a bailout (similar to the Chrysler government loan guarantees of the 1970s and 1980s, where we co-signed on a $1.5 billion loan).  They argue that we will make our money back, and even possibly make a profit (like we did with Chrysler).  Here’s the problem with that thinking: many American people who are in crisis right now are NOT helping the situation.  I gave an example of a woman who simply left her old home and mortgage in the middle of the night and bought a house in the Carolinas (I don’t remember which off the top of my head) the next day, before the credit caught up to her.  There have been stories of people tearing apart houses right before the bank repossesses them, “because the bank is the bad guy” when in actuality, it’s both the bank’s fault for giving a loan to somebody who never should have been able to get one as well as the homeowner’s fault for trying to buy a house that he/she simply couldn’t afford.  It’s a lack of basic family budgeting and spending principles that helped get us into this situation.  Then mortgage companies gave out Adjustable Rate Mortgages to people who NEVER should’ve been able to get one, and people looking to buy homes ignored the first basic principle of fiscal responsibility: don’t buy something you can’t afford!  So, we’re going to buy these mortgages, but that’s not going to stop people from not being able to pay the mortgages.  Instead of banks losing money, it’ll be the government.

Now, on the other hand, it IS unfair for responsible buyers who happened to get a mortgage from the wrong company to have to suffer, and it is THESE instances that I am more willing to accept government intervention, but how the government is to analyze and weed out the good from the bad is quite a problem, considering the massiveness of banks and mortgage companies that have failed or are looking like they will fail.

II. Homeownership Preservation

EESA requires the Treasury to modify troubled loans – many the result of predatory lending practices – wherever possible to help American families keep their homes. It also directs other federal agencies to modify loans that they own or control. Finally, it improves the HOPE for Homeowners program by expanding eligibility and increasing the tools available to the Department of Housing and Urban Development to help more families keep their homes.

Now, that last sentence is where the government could lose a lot of money.  When you expand eligibility and increase tools for helping people stay in their homes, you’re saying that these people are getting help to stay in homes that they can’t afford, which means that the government is footing the bill, and that’s money that the government will not see back in its hands a good chunk of the time.

III. Taxpayer Protection

Taxpayers should not be expected to pay for Wall Street’s mistakes. The legislation requires companies that sell some of their bad assets to the government to provide warrants so that taxpayers will benefit from any future growth these companies may experience as a result of participation in this program. The legislation also requires the President to submit legislation that would cover any losses to taxpayers resulting from this program from financial institutions.

This is again, where the “investment” principle comes into the bill.  And this could be good for the government, like the bailout of Chrysler was profitable to the government in the 1980s and 1990s.  The part that confuses me is that last sentence – why the President is the one to draft legislation to cover taxpayer losses seems to confuse me, unless that’s their way of knowing that the President will approve of the measure, since he himself drafted it.  I’ll have to look into that a little more to understand what all that would do.

IV. No Windfalls for Executives

Executives who made bad decisions should not be allowed to dump their bad assets on the government, and then walk away with millions of dollars in bonuses. In order to participate in this program, companies will lose certain tax benefits and, in some cases, must limit executive pay. In addition, the bill limits “golden parachutes” and requires that unearned bonuses be returned.

If these executives cared about their companies, most of them just would stop taking pay.  I guarantee you that if I were the CEO of AIG, and if I were set for life, I wouldn’t take another pay check until the company was back on track.

V. Strong Oversight

Rather than giving the Treasury all the funds at once, the legislation gives the Treasury $250 billion immediately, then requires the President to certify that additional funds are needed ($100 billion, then $350 billion subject to Congressional disapproval). The Treasury must report on the use of the funds and the progress in addressing the crisis. EESA also establishes an Oversight Board so that the Treasury cannot act in an arbitrary manner. It also establishes a special inspector general to protect against waste, fraud and abuse [sic]

Good.  Frankly, I don’t trust the Treasury Department after they advocated the Fannie and Freddie bailouts.  I want to know where this money is going, and I want Congressional approval of it (even though I don’t support the Democrats in Congress, the more people that have to approve where the money goes, the better).

So, that’s the summary, and here’s the section-by-section analysis of the bill, basically the summary with details, also courtesy of the Financial Services Committee:

 SECTION-BY-SECTION ANALYSIS OF THE LEGISLATION

Section 1. Short Title.

“Emergency Economic Stabilization Act of 2008.”

Section 2. Purposes.

Provides authority to the Treasury Secretary to restore liquidity and stability to the U.S. financial system and to ensure the economic well-being of Americans.

Section 3. Definitions.

Contains various definitions used under this Act.

Title I. Troubled Assets Relief Program.

Section 101. Purchases of Troubled Assets.

Authorizes the Secretary to establish a Troubled Asset Relief Program (“TARP”) to purchase troubled assets from financial institutions. Establishes an Office of Financial Stability within the Treasury Department to implement the TARP in consultation with the Board of Governors of the Federal Reserve System, the FDIC, the Comptroller of the Currency, the Director of the Office of Thrift Supervision and the Secretary of Housing and Urban Development.

Requires the Treasury Secretary to establish guidelines and policies to carry out the purposes of this Act.

Includes provisions to prevent unjust enrichment by participants of the program.

Like I said above.  The government has to be careful that this really is an investment, because if more companies say, “We can take risks, because we’re too big, so the government will HAVE to bail us out,” then it becomes purely a bailout and a terrible investment that will cost taxpayers billions (if not ultimately trillions, since this bill alone would authorize up to $700 billion).  Personally, I really don’t think the government should be doing this at all, but since some bailout bill will eventually pass, I’d want it filled with as many fiscal conservative principles as possible.

Section 102. Insurance of Troubled Assets.

If the Secretary establishes the TARP program, the Secretary is required to establish a program to guarantee troubled assets of financial institutions.

The Secretary is required to establish risk-based premiums for such guarantees sufficient to cover anticipated claims. The Secretary must report to Congress on the establishment of the guarantee program.

Again – I like the whole reporting to Congress idea.

Section 103. Considerations.

In using authority under this Act, the Treasury Secretary is required to take a number of considerations into account, including the interests of taxpayers, minimizing the impact on the national debt, providing stability to the financial markets, preserving homeownership, the needs of all financial institutions regardless of size or other characteristics, and the needs of local communities. Requires the Secretary to examine the long-term viability of an institution in determining whether to directly purchase assets under the TARP.

Section 104. Financial Stability Oversight Board.

This section establishes the Financial Stability Oversight Board to review and make recommendations regarding the exercise of authority under this Act. In addition, the Board must ensure that the policies implemented by the Secretary protect taxpayers, are in the economic interests of the United States, and are in accordance with this Act.

The Board is comprised of the Chairman of the Board of Governors of the Federal Reserve System, the Secretary of the Treasury, the Director of the Federal Home Finance Agency, the Chairman of the Securities and Exchange Commission and the Secretary of the Department of Housing and Urban Development.

Section 105. Reports.

Monthly Reports: Within 60 days of the first exercise of authority under this Act and every month thereafter, the Secretary is required to report to Congress its activities under TARP, including detailed financial statements.

Tranche Reports: For every $50 billion in assets purchased, the Secretary is required to report to Congress a detailed description of all transactions, a description of the pricing mechanisms used, and justifications for the financial terms of such transactions.

Regulatory Modernization Report: Prior to April 30, 2009, the Secretary is required to submit a report to Congress on the current state of the financial markets, the effectiveness of the financial regulatory system, and to provide any recommendations.

Section 106. Rights; Management; Sale of Troubled Assets; Revenues and Sale Proceeds.

Establishes the right of the Secretary to exercise authorities under this Act at any time. Provides the Secretary with the authority to manage troubled assets, including the ability to determine the terms and conditions associated with the disposition of troubled assets. Requires profits from the sale of troubled assets to be used to pay down the national debt.

Section 107. Contracting Procedures.

Allows the Secretary to waive provisions of the Federal Acquisition Regulation where compelling circumstances make compliance contrary to the public interest. Such waivers must be reported to Congress within 7 days. If provisions related to minority contracting are waived, the Secretary must develop alternate procedures to ensure the inclusion of minority contractors.

Allows the FDIC to be selected as an asset manager for residential mortgage loans and mortgage-backed securities.

Section 108. Conflicts of Interest.

The Secretary is required to issue regulations or guidelines to manage or prohibit conflicts of interest in the administration of the program.

Section 109. Foreclosure Mitigation Efforts.

For mortgages and mortgage-backed securities acquired through TARP, the Secretary must implement a plan to mitigate foreclosures and to encourage servicers of mortgages to modify loans through Hope for Homeowners and other programs. Allows the Secretary to use loan guarantees and credit enhancement to avoid foreclosures. Requires the Secretary to coordinate with other federal entities that hold troubled assets in order to identify opportunities to modify loans, considering net present value to the taxpayer.

This is the section that is most helpful directly to taxpayers, but will also award people for bad fiscal principles.  If you can’t afford a loan that you took out, it’s not the government’s job to use loan guarantees (essentially co-sign on the loan).  If you lose your house, that’s your own fault.  It’s harsh, but it’s fair.

Section 110. Assistance to Homeowners.

Requires federal entities that hold mortgages and mortgage-backed securities, including the Federal Housing Finance Agency, the FDIC, and the Federal Reserve to develop plans to minimize foreclosures. Requires federal entities to work with servicers to encourage loan modifications, considering net present value to the taxpayer.

Again, the government will lose a lot of money here, and so will banks.  If they’re letting people stay in houses when they can’t afford them, somebody is going to lose money, and it will be both banks and other lending agencies as well as the government.

Section 111. Executive Compensation and Corporate Governance.

Provides that Treasury will promulgate executive compensation rules governing financial institutions that sell it troubled assets. Where Treasury buys assets directly, the institution must observe standards limiting incentives, allowing clawback and prohibiting golden parachutes. When Treasury buys assets at auction, an institution that has sold more than $300 million in assets is subject to additional taxes, including a 20% excise tax on golden parachute payments triggered by events other than retirement, and tax deduction limits for compensation limits above $500,000.

Section 112. Coordination With Foreign Authorities and Central Banks.

Requires the Secretary to coordinate with foreign authorities and central banks to establish programs similar to TARP.

Section 113. Minimization of Long-Term Costs and Maximization of Benefits for Taxpayers.

In order to cover losses and administrative costs, as well as to allow taxpayers to share in equity appreciation, requires that the Treasury receive non-voting warrants from participating financial institutions.

Section 114. Market Transparency.

48-hour Reporting Requirement: The Secretary is required, within 2 business days of exercising authority under this Act, to publicly disclose the details of any transaction.

Good, if we’re going to screw our economy up more, I at least want to understand exactly how it happened.

Section 115. Graduated Authorization to Purchase.

Authorizes the full $700 billion as requested by the Treasury Secretary for implementation of TARP. Allows the Secretary to immediately use up to $250 billion in authority under this Act. Upon a Presidential certification of need, the Secretary may access an additional $100 billion. The final $350 billion may be accessed if the President transmits a written report to Congress requesting such authority. The Secretary may use this additional authority unless within 15 days Congress passes a joint resolution of disapproval which may be considered on an expedited basis.

Again, good – it at least gives us the hope that we won’t use all $700 billion, at least on this bailout.

Section 116. Oversight and Audits.

Requires the Comptroller General of the United States to conduct ongoing oversight of the activities and performance of TARP, and to report every 60 days to Congress. The Comptroller General is required to conduct an annual audit of TARP. In addition, TARP is required to establish and maintain an effective system of internal controls.

Section 117. Study and Report on Margin Authority.

Directs the Comptroller General to conduct a study and report back to Congress on the role in which leverage and sudden deleveraging of financial institutions was a factor behind the current financial crisis.

Section 118. Funding.

Provides for the authorization and appropriation of funds consistent with Section 115.

Section 119. Judicial Review and Related Matters.

Provides standards for judicial review, including injunctive and other relief, to ensure that the actions of the Secretary are not arbitrary, capricious, or not in accordance with law.

Section 120. Termination of Authority.

Provides that the authorities to purchase and guarantee assets terminate on December 31, 2009. The Secretary may extend the authority for an additional year upon certification of need to Congress.

Section 121. Special Inspector General for the Troubled Asset Relief Program.

Establishes the Office of the Special Inspector General for the Troubled Asset Relief Program to conduct, supervise, and coordinate audits and investigations of the actions undertaken by the Secretary under this Act. The Special Inspector General is required to submit a quarterly report to Congress summarizing its activities and the activities of the Secretary under this Act.

Section 122. Increase in the Statutory Limit on the Public Debt.

Raises the debt ceiling from $10.6 trillion to $11.3 trillion.

Section 123. Credit Reform.

Details the manner in which the legislation will be treated for budgetary purposes under the Federal Credit Reform Act.

Section 124. Hope for Homeowners Amendments.

Strengthens the Hope for Homeowners program to increase eligibility and improve the tools available to prevent foreclosures.

I’ve already voiced my opinions on this – this is gonna hurt us.

Section 125. Congressional Oversight Panel.

Establishes a Congressional Oversight Panel to review the state of the financial markets, the regulatory system, and the use of authority under TARP. The panel is required to report to Congress every 30 days and to submit a special report on regulatory reform

prior to January 20, 2009. The panel will consist of 5 outside experts appointed by the House and Senate Minority and Majority leadership.

Section 126. FDIC Enforcement Enhancement.

Prohibits the misuse of the FDIC logo and name to falsely represent that deposits are insured. Strengthens enforcement by appropriate federal banking agencies, and allows the FDIC to take enforcement action against any person or institution where the banking agency has not acted.

This wasn’t prohibited before?  I feel like that should’ve been outlawed back when the FDIC was FORMED!

Section 127. Cooperation With the FBI.

Requires any federal financial regulatory agency to cooperate with the FBI and other law enforcement agencies investigating fraud, misrepresentation, and malfeasance with respect to development, advertising, and sale of financial products.

Again, this needed to be in a bill?

Section 128. Acceleration of Effective Date.

Provides the Federal Reserve with the ability to pay interest on reserves.

Section 129. Disclosures on Exercise of Loan Authority.

Requires the Federal Reserve to provide a detailed report to Congress, in an expedited manner, upon the use of its emergency lending authority under Section 13(3) of the Federal Reserve Act.

Again, if we’re going to kill our economy, at least we know how we did it so we don’t do it again.

Section 130. Technical Corrections.

Makes technical corrections to the Truth in Lending Act.

Section 131. Exchange Stabilization Fund Reimbursement.

Protects the Exchange Stabilization Fund from incurring any losses due to the temporary money market mutual fund guarantee by requiring the program created in this Act to reimburse the Fund. Prohibits any future use of the Fund for any guarantee program for the money market mutual fund industry.

Section 132. Authority to Suspend Mark-to-Market Accounting.

Restates the Securities and Exchange Commission’s authority to suspend the application of Statement Number 157 of the Financial Accounting Standards Board if the SEC determines that it is in the public interest and protects investors.

Section 133. Study on Mark-to-Market Accounting.

Requires the SEC, in consultation with the Federal Reserve and the Treasury, to conduct a study on mark-to-market accounting standards as provided in FAS 157, including its effects on balance sheets, impact on the quality of financial information, and other matters, and to report to Congress within 90 days on its findings.

Section 134. Recoupment.

Requires that in 5 years, the President submit to the Congress a proposal that recoups from the financial industry any projected losses to the taxpayer.

Again, why is the President writing this proposal?  And how do they honestly plan on recouping losses?  How do you get back billions of dollars from the financial industry?  I feel sorry for whoever has to write that proposal.

Section 135. Preservation of Authority.

Clarifies that nothing in this Act shall limit the authority of the Secretary or the Federal Reserve under any other provision of law.

Title II-Budget-Related Provisions

Section 201. Information for Congressional Support Agencies.

Requires that information used by the Treasury Secretary in connection with activities under this Act be made available to CBO and JCT.

Section 202. Reports by the Office of Management and Budget and the Congressional Budget Office.

Requires CBO and OMB to report cost estimates and related information to Congress and the President regarding the authorities that the Secretary of the Treasury has exercised under the Act.

Section 203. Analysis in President’s Budget.

Requires that the President include in his annual budget submission to the Congress certain analyses and estimates relating to costs incurred as a result of the Act; and

Section 204. Emergency Treatment.

Specifies scoring of the Act for purposes of budget enforcement.

Title III-Tax Provisions

Section 301. Gain or Loss From Sale or Exchange of Certain Preferred Stock.

Details certain changes in the tax treatment of losses on the preferred stock of certain GSEs for financial institutions.

Section 302. Special Rules for Tax Treatment of Executive Compensation of Employers Participating in the Troubled Assets Relief Program.

Applies limits on executive compensation and golden parachutes for certain executives of employers who participate in the auction program.

That I agree with.  If we’re bailing out these companies, lets at least waste the money solely on the companies.

Section 303. Extension of Exclusion of Income From Discharge of Qualified Principal Residence Indebtedness.

Extends current law tax forgiveness on the cancellation of mortgage debt.

Alright, so that was the full summary of the bill that FAILED the House yesterday.

I want give you a quote from Representative Ron Paul (R-TX), given during yesterday’s House session:

Mr. PAUL. Madam Speaker, I rise in strong opposition to this bill. This is only going to make the problem that much worse. The problem came about because we spent too much; we borrowed too much, and we printed too much money; we inflated too much, and we overregulated. This is all that this bill is about is more of the same.

So you can’t solve the problem. We are looking at a symptom. We are looking at the collapsing of a market that was unstable. It was unstable because of the way it came about. It came about because of a monopoly control of money and credit by the Federal Reserve System, and that is a natural consequence of what happens when a Federal Reserve System creates too much credit.

Now, there have been a fair number of free market economists around who have predicted this would happen. Yet do we look to them for advice? No. We totally exclude them. We don’t listen to them. We don’t look at them. We look to the people who created the problem, and then we perpetuate the problem.

The most serious mistake that could be made here today is to blame free market capitalism for this problem. This has nothing to do with free market capitalism. This has to do with a managed economy, with an inflationary system, with corporatism, and with a special interest system. It has nothing to do with the failure of free markets and capitalism. Yet we’re resorting now, once again, to promoting more and more government.

Long term, this is disastrous because of everything we’re doing here and because of everything we’ve done for 6 months. We’ve already pumped in $700 billion. Here is another $700 billion. This is going to destroy the dollar. That’s what you should be concerned about. Yes, Wall Street is in trouble. There are a lot of problems, and if we don’t vote for this, there are going to be problems. Believe me: If you destroy the dollar, you’re going to destroy a worldwide economy, and that’s what we’re
on the verge of doing, and it is inevitable, if we continue this, that that’s what’s going to happen. It’s [Page: H10370]
going to be a lot more serious than what we’re dealing with today.

We need to get our house in order. We need more oversight–that is a certainty–but we need oversight of the Federal Reserve System, of the Exchange Stabilization Fund and of the President’s Working Group on Financial Markets. Find out what they’re doing. How much have they been meddling in the market?

What we’re doing today is going to make things much worse.

Pure economic genius from Dr. Paul.

And here’s a quote from Representative Marilyn Musgrave (R-CO):

Mrs. MUSGRAVE. Madam Speaker, I am pleased that the strong opposition to the initial administration proposal has helped to force some very important changes such as the bipartisan oversight board, which is an online database that will allow greater oversight of the Secretary’s actions, but this is still a bailout for Wall Street that will cost the average Colorado household thousands.

I simply cannot stomach transferring that kind of money from the middle class families to a bunch of Wall Street bankers whose avarice and greed put us in this situation in the first place. It’s interesting that, when working families were being crushed by soaring energy prices this summer, Congress went on vacation. Yet, when Wall Street faced the consequences of its actions, we worked around the clock to help them. We should place the same priority on helping Main Street that we place on helping
Wall Street.

And there she expresses what most Americans are expressing: “Why use my money to bail out people and companies who acted irresponsibly?”

A full record of everything said at yesterday’s House session is available on C-Span’s website here (it’s actually pretty cool – I never knew they had that!).

So, again, I am glad that the House voted down this bill.  Hopefully I’ll be able to see the next bill BEFORE there’s a vote on it – I was very disappointed that there was no record of this until today, and even then, so many people were trying to access it that they were killing GovTrack.us and the House websites.

On a side note, here’s a copy of the roll call vote, and I’d like to note that I’m terribly disappointed in Representative Tancredo (R-CO) for voting Aye on this.

Done Ranting,

Ranting Republican
add to del.icio.us :: Add to Blinkslist :: add to furl :: add to ma.gnolia :: Stumble It! ::

Live Analysis of the September 26 Presidential Debate on Foreign Policy

September 26, 2008

**My apologies for any typos – I tried to catch all of them, but live blogging a debate is hard, and my keyboard acts up from time to time (especially the space bar), so if you see a typo, just leave a comment and I’ll fix it.**

We’re about a minute out, I’ll be live blogging the whole event.  Jim Lehrer (PBS) is the moderator.  I’ll be watching CNN (it would be FOX, but they weren’t ready on time).

The Ku Klux Klan is in the audience, we’ve heard, but not in robes and not protesting.

First question, “Where do you stand on the financial recovery plan?”

Obama: Thank you to everybody – the usual beginning.  “Worst financial crisis since the great depression. … We have to move swiftly and we have to move wisely.”  Talking about oversight, since it’s a lot of money.  Taxpayers need to be able to get the money back.  Shouldn’t be padding CEO bank accounts.  Talking about trickle down economics not working.  That’s not going to help him win over any Republicans.

McCain: Senator Kennedy is in the hospital.  Thank you to the sponsors, etc.  Talking about seeing Democrats and Republicans sitting down and working together, and the magnitude of the crisis.  Emphasizing that we have to work together, something that Obama didn’t mention – that was good from McCain.  Talking about having options for loans for businesses, not the government taking over those loans.  GOOD – not a pure bailout!  CNN has an audience  reaction, and McCain is getting a pretty good response from the Independents (must be some keypad rating system or something).  Talking about a lot of work to do if this will work.  Eliminate dependence on foreign oil – good.

Lehrer: Do you favor this plan?

Obama: I “haven’t seen the language yet.”  “How did we get in this situation in the first place?”  Talking about him warning 2 years ago that mortgage abuse would lead us down a trail we can’t afford to go down.  “Yes, we have to solve this problem short term, … but … look at how we shredded so many regulations … and that has … to do with an economic philosophy that says regulation is bad.”

Lehrer: “Will you vote for the plan?”

McCain: “Sure.”  Talking about warning about Freddie Mac and Fannie Mae.  Talking about getting flack for calling for resignation of Securities and Exchange Commission.  And the Independents’ rating has skyrocketed.  Republicans increased too.  It was good – him calling for the resignation, and people like that.

Obama: Talking about people struggling before this crisis.  It’s interesting – the Dems are rating Obama higher than the Indies, but the Indies rated McCain higher than the Reps.  Talking about holding ourselves accountable, all the time, talking about nurses and teachers, and politicians not paying attention to them.  Good – he’s appealing to the average Americans here, and that’s who he needs to win over.

McCain: “We have a long way to go.”  Need consolidation of regulatory agencies who failed and let us slip into this crisis.  Talking about the greatness of the American worker, and the Republicans like it, but it’s not that appealing to Independents, but it will appeal to a lot of average Joe Americans, as long as they believe he’s sincere (and the audience must not have).

Lehrer: How do we get out of the crisis?

McCain: Spending control.  And the Reps and Inds, liked it – and this is one of McCain biggest points, and now he’s talking about Senator Tom Coburn (R-OK), a huge anti-earmark politician.  Talking about the DNA testing of bears.  I LOVE McCain saying he’ll veto earmarked bills.  It’s one of his best stances.  He’s talking about Obama asking for earmark spending.  Talking about not being able to rein in spending with a plan like Obama’s.

Obama: The earmark process has been abused.  Lobbyists and special interests introduce these things, often times.  Contrasting the cost of earmarks against tax cuts (by allegedly McCain) for CEOs and big companies.  “Grow the economy for the bottom up.”  Tax cut for 95% of working families.  HOLD IT!  Only 90% of working families even PAY taxes!!!!  Come on Obama, don’t lie.

McCain: Obama suspended those earmarks after he started running for Congress.  YOU TELL ‘EM MCCAIN!  He’s saying that earmarks have tripled in 5 years, even though “it’s only $18 billion” (as pro-earmarkers say).  He was called the Sheriff.  That’s pretty sweet.  As I was saying before, we need to take Coburn’s example and STOP EARMARKS!

Obama: Interrupted McCain (must be kinda less formal).  Talking about priorities, and shipping, and I missed the rest.  Saying he’ll keep us from spending unwisely.  Earmarks alone won’t get us back on track.  The Democrats are loving this, but the Independents, aren’t really liking it.

McCain: Talking about the business tax, that we pay the 2nd highest in the world, 35%.  “I want to cut that business tax.  I want to cut it.”  “It’s a lot more than $18 billion in pork barrel spending.”  And he’s right, it’s SO much more than that, and it’s hidden in so many bills.  The Independents are liking this.  “I want every family to have a $5,000 refundable tax credit” for healthcare.  Double the dependent amount refund for children.

Obama: “Here’s what I can tell America 95% of you will get a tax cut.”  LIAR.  10% don’t even PAY taxes.  And another 5% make over $200,000, and he won’t give them a tax cut.  LIAR!  Saying McCain wants to add an additional tax cut over the loopholes.  Talking about McCain’s health care tax credit.  Saying McCain wants to tax health benefits.  That’s not true.

McCain: Talking about an energy bill with breaks for oil companies, and McCain voted against it, but Obama voted for it.”  Obama tried to interrupt – that just looks tacky when he keeps doing it.  Saying that Obama has shifted on a number of occasions.

Obama: Talking about Obama lying about the oil companies.  “I was opposed to those tax breaks … tried to strip them out.”

Lehrer: “As President … what are you going to have to give up … as a result of having to pay for the financial rescue plan?”

Obama: “Right now, it’s hard to anticipate what the budget is going to look like next year.”  He’s right about that.  “Energy independence.”  Talking about solar, wind, biodiesel here at home.  And the Independents REALLY loved that – highest rating I’ve seen all night.  Fix our healthcare system.  Compete in education – science and technology.  “Make sure our children are keeping pace in math and in science.”  Make college affordable for all.  That’s not even useful.  Not EVERYBODY needs college.  America needs plumbers and other basic labor workers too.

McCain: “No matter what, we have got to cut spending.”  Obama has most liberal rating.  “It’s hard to reach across the aisle from that far to the left.”  Do away with cost-plus contracts.  Talking about defense contracts and needing fixed-cost contracts.  And he’s absolutely right.  One of the big areas we need to save money is in defense contracts.  Talking about fixing a contract with Boeing, and people ending up in prison because of it, but hte Independents didn’t like that too much.

Lehrer: Neither of you are really going to have big changes?

Obama: “I want to make sure that we are investing in energy in order to [break off from] foreign oil.”  Right now, even the Democrats aren’t giving him a good audience reaction.  The Republicans are giving him a higher rating!  Saying that him being wildly liberal is just him opposing George Bush.  And that spiked the Dems’ rating.  Saying that he’s worked with Coburn so that taxpayers can see who’s promoting spending projects.

Lehrer: “How [will] this effect you in the approach you will take to the Presidency.”

McCain: Spending freeze on all but Veterans, defense, and I forget what else.

Obama: You’re using a hatchet where you need a scalpel.  But heck, that’d have to be a big scalpel.  But he does have a point here.

McCain: We’re sending money overseas, and some of that goes eventually to terrorists (through oil).  We need nuclear, solar, wind, offshore drilling, etc…  Get 70,000 (?) jobs by building nuclear plants throughout the country.  And Obama is against this.  And that’s one thing that really angers me about Obama – WE NEED NUCLEAR!

Obama: “There is not fact that it [economic crisis] will affect our budgets” even if we get the $700 billion back.  “If we’re lucky and do it right, that could potentially happen.”  “We can expect less tax revenue.”  And he’s really not getting a good audience response here.  Talking about not being able to leave out healthcare, and the Independents’ and Republicans’ approval just dropped.

McCain: Families should make decisions between themselves and doctors, not federal government.  “I have fought to cut spending.”  “Obama needs to cancel new spending programs.”  Talking about taking care of veterans.  Healthy economy, lowering, not raising taxes, with spending restraint.  And the independents liked that.  Talking about owing China money, and saying he’s fought against excessive spending.  And the ratings are skyrocketing – and again, I LOVE his stance on spending!

Obama: It’s been your President who presided over this spending.  But Bush and McCain aren’t the same.  Stop pretending they are.  That still got a good reply from the Independents.

McCain: I have opposed the President on spending, torture, Guantanamo, climate change.  Talking about being an Independent and Maverick, and having Sarah Palin as the same.  His ratings stunk right there.  He lost Dems, Reps, and Inds.

Lehrer: On to Iraq.

McCain: “Our initial military success … Baghdad, and everybody celebrated.”  Then the war was mishandled.  Came up with a new strategy.  It’s succeeding.  The Inds and Dems rating has fallen a lot, but hte Reps are rating him high.  Talking about the consequences of defeat being Iranian influence higher, more sectarian violence, and U.S. having to come back (referring to defeat before the surge).  And the Inds just started to rate him a lot better.  I think he did as good as he could back there.

Obama: I would’ve voted against it.  “We hadn’t finished the job in Afghanistan … caught bin Laden … and put Al Qaeda to rest.”  Talking about soon to be a trillion dollars spent, plus 4,000 lives lost.  Saying that Al Qaeda is stronger than ever.  “We took our eye off the ball.”  Talking about Iraq having a surplus while we’re losing money.  He’s bringing up a LOT of good points that I thought would appeal to people, but he’s not rating THAT great, although the Dems really like him.  Now it’s peaked a bit more.

McCain: President will have to decide how and when we leave and what we leave behind.  He’s absolutely right.  Obama saying surge worked, but he’d still oppose it.  And he lost a lot of Indy rating points just back there.  But he’s right.  Obama is simply sticking by what he said even though what he said was WRONG!

Obama: Talking about McCain being right about reduced violence.  Saying troops and Petraeus doing a good job.  But that made up for mismanagement before that.  War started in 2003, not 2007.  Saying McCain said it’d be quick and easy, but he was wrong.  Saying we’d be greeted as liberators, but we weren’t.  And he lost a lot of support from Inds, but he’s still doing better than McCain has on Iraq.

McCain: Saying Obama doesn’t have military experience, he’s got some better support form Inds and Reps now.  Saying that this strategy and general are winning, but Obama refuses to acknowledge this.  (Obama: “That’s not true.”)  Talking about elections and peace coming to Iraq, and the strategy will be employed in Afghanistan in a McCain administration, and the Inds went up a bit there.  Talking about Obama voting against troop funding.

Obama: McCain opposed funding for troops in a timetable bill.  Had a difference on timetables, not funding.  And Obama’s right.  It always looks bad on paper when you vote against funding, but if you don’t agree with the overall bill, don’t vote for it.  I have to side with Obama here, and the Inds liked that a lot, and even the Republicans aren’t that negatively rating him.  Reduce combat troops in Iraq.  “Capture and kill bin Laden.”  We don’t have enough troops to deal with Afghanistan.

McCain: Saying that military leaders saying that Obama’s plan would be bad for the troops.  Talking about Petraeus praising the progress we’ve made.  Saying that under Obama’s plan, we’d have been out before the surge could have even succeeded.  Saying that Obama’s plan will “snatch defeat from the jaws of victory.”

Lehrer: How many and when (if more troops in Afghanistan)?

Obama: As soon as possible.  Saying that this year has been the year for highest troop fatalities.  Can’t separate Afghanistan from Iraq.  And the Independents are rating him lower than the Repubs now – that’s surprising.  Saying that Al Qaeda is the greatest threat against us, and that we have to deal with them in Afghanistan and Pakistan, not Iraq.  Press the Afghan government to make sure that they’re working for their people.  And he’s absolutely right – we need to press the Afghani government.  Talking about needing to reduce the poppy trade over there.  And that’s another area we need to work on.

McCain: Talking about not being ready to threaten Pakistan, because that’d be dangerous.  We need to get support of the people of Pakistan.  And the Independents are rating him pretty high here.  Saying that Obama doesn’t understand that we need a new strategy.  Saying that Pakistani terrorists are married to Al Qaeda and Taliban.  Ratings are very high from Reps and Inds.  Although it’s dropped now.  Saying we need more troops in Afghanistan, but saying that we have put more in already.  Talking about Obama publicly saying he’d attack Pakistan.

Obama: Saying that if we have Al Qaeda in sights, and Pakistan won’t help us take them out, then we need to take them out.  Again, I have to side with Obama here.  Talking about McCain singing “Bomb Iran.”  And that was so stupid of McCain, and really makes him look like a hypocrite a bit here.  Although he lost a lot of ratings there surprisingly.  Talking about not going after Al Qaeda, and they’re more powerful than ever.

McCain: Talking about him being a new Congressman – Reagan wanting to send Marines into Lebanon, and McCain voting against it, because he didn’t think that 300 Marines could make a difference, and saying that he was right – many Marines were killed in the bombing.  Talking about voting for going into Bosnia, when it wasn’t popular.  Saying that we need more than a peace-keeping force in Somalia.  And he’s right.  We need to do what’s RIGHT, not what’s popular!  Saying that our mission NEEDS to succeed.  And he’s absolutely right.  We don’t want defeat, and we cannot afford defeat!  “We won’t come home in defeat and dishonor and probably have to go back if we fail.”

Obama: “No U.S. soldier ever dies in vain. … We honor the service they’ve provided. … Are we making good judgments” for keeping America safe, because sending troops is such a huge issue.  “We are having enormous problems in Afghanistan.”  Saying it’s not true that McCain has consistently cared about Afghanistan.  Saying McCain said we could “muddle through” Afghanistan.

McCain: “I’ve visited Afghanistan … and I know what our needs are.  We will prevail … and we need a new strategy.”  If we adopt Obama’s plan, we’ll fail in Iraq, and that will have a great effect on Afghanistan.  Obama fails to see that the 2 are connected.

Lehrer: “What is your reading from the threat from Iran?”

McCain: If Iran acquires nukes, it’s a threat to Israel and other countries.  Others will feel the need to get nukes.  “We can’t afford a second holocaust.”  Proposing a league of Democracies who would impose sanctions on Iranians, since the Russians won’t do it.  “The Iranians have a lousy government, so their economy is lousy, even though they have significant oil revenues.”  A nuclear Iran is a threat to the world.  They’re putting IEDs in Iraq.  They’re a sponsor of terror.  And he’s getting some pretty good ratings right now, from both Indeps and Repubs.

Obama: Talking about the thing that strengthened Iran was the War in Iraq.  Their involvement has grown.  They’ve tried harder to get nukes.  “We cannot tolerate a nuclear Iran.”  It would threaten Israel, and “create an environment [that would] set off an arms race in the Middle East.”  We can’t have sanctions without Russia and China.  Well Obama, you’re not going to get Russia OR China to side with you!  You’re dreaming if you think you will.  Saying we need to talk to leaders in Iran and North Korea, and he as President will.

McCain: Senator Obama twice said he’d sit down with Ahmadinejad, Chavez, and Castro.  Ahmadinejad is in New York now talking about extermination of Israel.  Saying that we can’t sit down without preconditions.  And he’s right.  NO President has ever sat down without preconditions (Reagan didn’t, JFK didn’t, and Nixon didn’t).  And now McCain is using examples that I just gave.  “I’ll sit down with anybody, but there’s gotta be preconditions.”  GOOD job McCain!  You’re absolutely right.

Obama: Ahmadinejad isn’t the most powerful person in Iran.  Saying as President, he can sit down with whoever he wants if it keeps America safe.  Saying that we CAN meet without preconditions, but not do with what we’ve been doing where we say you must do X or we won’t meet with you.  “Of course we need preparations.”  “It may not work.  Iran is a rogue regime.”  Obama is getting pretty much the same ratings now as McCain was getting a minute ago (about a third of the way between neutral and as positive as you can go).  “The Bush Administration and McCain’s advisors (Kissinger)” think we should meet without preconditions.  Saying McCain said we can’t meet with Spain, a NATO ally.

McCain: “Kissinger never said that the President could meet with Ahmadinejad.”  “Obama doesn’t understand that without precondition … you legitimize those comments [against Israel]. … It’s dangerous.”  Talking about North Koreans breaking everything they’ve ever said they’d do.

Obama: McCain keeps saying that I’ll meet with somebody without preparing – this isn’t true.  “We do not expect to solve every problem before we initiate talks.”  The Bush administration realized this doesn’t work.  “The notion that we’d meet with Ahmadinejad as he spews his comments is” wrong.

McCain: Kissinger would not say “that Presidential, top level” communications should be made without preconditions.

The two are going back and forth, and ratings are dropping a lot.

Lehrer: How do you see the relationship with Russia?

Obama: “Our entire Russian approach needs to be reevaluated. … Actions in Georgia were unacceptable and unwarranted.”  They need to get out of South Ossetia and Abkhazia.  The Democrats really aren’t liking what he’s saying here.  The Inds are rating him higher than Dems are.  We can’t go back to a Cold War status with Russia.  We need to deal with loose nuclear weapons when it comes to Russia.  “Deal with Russia based on [our] national security interests.”

McCain: Obama doesn’t understand that Russia committed aggression against Georgia when he said that both sides need to back down a bit.  He’s compared Putin to the KGB.  We can’t go back to the Cold War.  The Georgian War “had everything to do with energy.”  McCain’s rating a bit better than Obama, but neither are performing well right now with the audience.  “The Russians ought to understand that we’ll support … the inclusion of Georgia, and Ukraine … into inclusion of NATO.”  The Russians violated their cease fire agreement.  Saying that Russian intentions toward Georgia – just waiting to cease the opportunity.  Expecting Russians to behave as a country who will respect boundaries.  And he’s right – Russia can’t be left to keep doing what it’s been doing.  It HAS to respect the sovereignty of other countries.  McCain rating pretty decent now, compared to an average rating before.

Obama: McCain and I agree for the most part on these issues.  Says he disagrees with McCain a bit on Georgia.  I don’t think the Dems liked that – Obama is doing a decent amount worse than McCain was doing.  Talking about Russian peace keepers in Georgia not making sense and that we needed international peace keepers there, and that might have avoided the situation.  And Obama is right there.  Talking about energy.  We need to increase offshore drilling.  “We can’t drill our way out of the problem.”  Talking about needing wind, solar, and nuclear.  And now he’s rating higher than McCain was at the end of McCain’s last statement.  Saying McCain voted against alternative energy 23 times.

McCain: Saying that Obama is really against nuclear, and that offshore drilling would help more than Obama says it would.  McCain is getting pretty low ratings now, especially from Dems.

Obama: I have never said that I object to nuclear waste, but I’d store it safely.

McCain: I’ve always been for alternative energy.

Lehrer: What do you think the likelihood is of another 9/11 attack?

McCain: Much less than the day after 9/11, but we’re not safe yet.  Talking about working across the aisle to establish the investigation commission.  Saying we need interrogators who won’t use torture.  Saying that we are safer now.

Obama: We need to do more in terms of securing transit and ports.  Biggest issue is not missiles coming over skies, but from a suitcase.  Spending billions on missile defense, which we need because of Iran/Korea, but we need more for other areas as well.  Ratings are pretty high for him here.  We need more cooperation with allies.  “The way we are perceived in the world” will affect the cooperation we get.  He’s right here.  We have slipped in terms of how we’re viewed by the world.  McCain has a good stance on terror.  And the ratings right there are the highest they’ve been at any time during the debate, even Reps rated him decently high.

McCain: If we fail in Iraq, Al Qaeda will establish a base in Iraq.  McCain isn’t rating too good right now, especially with Inds and Dems.  We can’t have specific dates for withdrawal.  We’ve had great success, but it’s fragile.

Obama: Saying that this administration has been solely focused on Iraq, and we haven’t captured bin Laden.  Talking about borrowing from China, and they’ve been active around the world, while we’ve been focused on Iraq.  We’re spending so much money, we can’t invest in health care or science/technology.  “We’ve never seen a nation who has a failing economy but maintains military strength, so this is a national security issue.”  The next President has to have better strategy for all the challenges we face.  Pretty good ratings there

McCain: Saying he’s been around involved in challenges.  Saying Obama doesn’t have  experience, but he does.  Talking about Obama failing to admit the success of the surge.  McCain is right here.  Obama is just being stubborn.  Saying that he’ll take care of veterans, that he has right judgment to keep nation safe and secure.  “I don’t need any on the job training.  I’m ready to go right now.”

Obama: Talking about his father being from Kenya, and that there’s not nation like America, where you can become so successful.  “Part of what we need to do … is to send a message to the world that we’ll invest in issues like education … how ordinary people can live out there dreams.”

McCain: Talking about coming home from prison and seeing veterans treated poorly, and working on bipartisan bills to see our veterans treated better.  I know how to deal with our adversaries and how to deal with our friends.

Lehrer: We’re done.  “Thank you and good night.”

McCain/Obama: “Good job.”

And there you have it – the wives are coming out and kissing each other.  A little more than the 90 minutes scheduled, but that’s ok.

OK, so who won?  Both Obama and McCain had some pretty good moments, but I don’t think there was a clear cut winner here.  I think both performed pretty much on the same level.  I’m not saying that the two were identical in debating, but I don’t think one did better than the other.  I absolutely hate saying this, because I love objectivity and clear cut answers, but I really do think it was a tie.

I’d love to go on more and more, but my hands are just killing me right now (hey – it was a lot of typing), so I think I’ve said most all of what I wanted to say.

By the way – a big thanks to my roommate who helped with correcting quotes and what was said.  It’s hard to keep up with typing and trying to listen, so a huge thanks to him for helping me out with this!

Done Analyzing,

Ranting Republican
add to del.icio.us :: Add to Blinkslist :: add to furl :: add to ma.gnolia :: Stumble It! ::

John McCain Releases New Ad and Gives Speech: Health Care Action

April 29, 2008

Alright, so John McCain released a new ad today, giving a rough outline of his health care plan:

I thought the ad was good overall.  It briefly addressed each of his main points.  The music fit well.  He could’ve elaborated more on allowing people to cross state lines to get health care.  I guess the biggest problem I had with it, is the fact that he is clearly sick while filming the add, which makes it somewhat ironic.  Overall, I give this add a grade of B.

McCain also gave a speech today, at the University of South Florida, Lee Moffitt Cancer Center and Research Institute, in Tampa:

Remarks By John McCain On Health Care On Day Two Of The “Call To Action Tour”

April 29, 2008

ARLINGTON, VA — U.S. Senator John McCain will deliver the following remarks as prepared for delivery at the University of South Florida — Lee Moffitt Cancer Center & Research Institute, in Tampa, FL, today at 10:00 a.m. EDT:

Thank you. I appreciate the hospitality of the University of South Florida, and this opportunity to meet with you at the Moffitt Cancer Center and Research Institute. Speaker Moffitt, Dr. Dalton, Dean Klasko, thank you for the invitation, and for your years of dedication that have made this campus a center of hope for cancer victims everywhere. It’s good to see some other friends here, including your board member and my friend and former colleague Connie Mack. And my thanks especially to the physicians, administrators, and staff of this wonderful place.

Sometimes in our political debates, America’s health-care system is criticized as if it were just one more thing to argue about. Those of you involved in running a research center like this, or managing the children’s hospital that I visited yesterday in Miami, might grow a little discouraged at times listening to campaigns debate health care. But I know you never lose sight of the fact that you are each involved in one of the great vocations, doing some of the greatest work there is to be done in this world. Some of the patients you meet here are in the worst hours of their lives, filled with fear and heartache. And the confident presence of a doctor, the kind and skillful attentions of a nurse, or the knowledge that researchers like you are on the case, can be all they have to hold onto. That is a gift only you can give, and you deserve our country’s gratitude.

I’ve had a tour here this morning, and though I can’t say I absorbed every detail of the research I certainly understand that you are making dramatic progress in the fight against cancer. With skill, ingenuity, and perseverance, you are turning new technologies against one of the oldest enemies of humanity. In the lives of cancer patients, you are adding decades where once there were only years, and years where once there were only months. You are closing in on the enemy, in all its forms, and one day you and others like you are going to save uncounted lives with a cure for cancer. In all of this, you are showing the medical profession at its most heroic.

In any serious discussion of health care in our nation, this should always be our starting point — because the goal, after all, is to make the best care available to everyone. We want a system of health care in which everyone can afford and acquire the treatment and preventative care they need, and the peace of mind that comes with knowing they are covered. Health care in America should be affordable by all, not just the wealthy. It should be available to all, and not limited by where you work or how much you make. It should be fair to all; providing help where the need is greatest, and protecting Americans from corporate abuses. And for all the strengths of our health-care system, we know that right now it falls short of this ideal.

And this right here proves Dean’s erroneous accusations that McCain doesn’t want children to have health care wrong.  Obviously, McCain wants everybody to have health care, he just doesn’t think the government should be running the health care system.

Some 47 million individuals, nearly a quarter of them children, have no health insurance at all. Roughly half of these families will receive coverage again with a mother or father’s next job, but that doesn’t help the other half who will remain uninsured. And it only draws attention to the basic problem that at any given moment there are tens of millions of Americans who lost their health insurance because they lost or left a job.

Another group is known to statisticians as the chronically uninsured. A better description would be that they have been locked out of our health insurance system. Some were simply denied coverage, regardless of need. Some were never offered coverage by their employer, or couldn’t afford it. Some make too little on the job to pay for coverage, but too much to qualify for Medicaid or other public programs. There are many different reasons for their situation. But what they all have in common is that if they become ill, or if their condition gets worse, they will be on their own — something that no one wants to see in this country.

Underlying the many things that trouble our health care system are the fundamental problems of cost and access. Rising costs hurt those who have insurance by making it more expensive to keep. They hurt those who don’t have insurance by making it even harder to obtain. Rising health care costs hurt employers and the self-employed alike. And in the end they threaten serious and lasting harm to the entire American economy.

These rising costs are by no means always accompanied by better quality in care or coverage. In many respects the system has remained less reliable, less efficient, more disorganized and prone to error even as it becomes more expensive. It has also become less transparent, in ways we would find unacceptable in any other industry. Most physicians groups and medical providers don’t publish their prices, leaving Americans to guess about the cost of care, or else to find out later when they try to make sense of an endless series of “Explanation of Benefits” forms.

There are those who are convinced that the solution is to move closer to a nationalized health care system. They urge universal coverage, with all the tax increases, new mandates, and government regulation that come along with that idea. But in the end this will accomplish one thing only. We will replace the inefficiency, irrationality, and uncontrolled costs of the current system with the inefficiency, irrationality, and uncontrolled costs of a government monopoly. We’ll have all the problems, and more, of private health care — rigid rules, long waits and lack of choices, and risk degrading its great strengths and advantages including the innovation and life-saving technology that make American medicine the most advanced in the world.

I mean, look at the post office.  Compare the time it takes to wait in line at the post office, to the time it takes at a UPS station.  Or what about the Secretary of State?  If the emergency room waiting time was as long as in the SOS offices, nobody would live (not that a lot of ER waiting times are decent right now either).

The key to real reform is to restore control over our health-care system to the patients themselves. Right now, even those with access to health care often have no assurance that it is appropriate care. Too much of the system is built on getting paid just for providing services, regardless of whether those services are necessary or produce quality care and outcomes. American families should only pay for getting the right care: care that is intended to improve and safeguard their health.

Great point!

When families are informed about medical choices, they are more capable of making their own decisions, less likely to choose the most expensive and often unnecessary options, and are more satisfied with their choices. We took an important step in this direction with the creation of Health Savings Accounts, tax-preferred accounts that are used to pay insurance premiums and other health costs. These accounts put the family in charge of what they pay for. And, as president, I would seek to encourage and expand the benefits of these accounts to more American families.

Americans need new choices beyond those offered in employment-based coverage. Americans want a system built so that wherever you go and wherever you work, your health plan is goes with you. And there is a very straightforward way to achieve this.

Under current law, the federal government gives a tax benefit when employers provide health-insurance coverage to American workers and their families. This benefit doesn’t cover the total cost of the health plan, and in reality each worker and family absorbs the rest of the cost in lower wages and diminished benefits. But it provides essential support for insurance coverage. Many workers are perfectly content with this arrangement, and under my reform plan they would be able to keep that coverage. Their employer-provided health plans would be largely untouched and unchanged.

Good.  I like the fact that he’s giving those people who are happy with how they are a chance to keep their insurance the same way as it is now, unlike the Democrats.

But for every American who wanted it, another option would be available: Every year, they would receive a tax credit directly, with the same cash value of the credits for employees in big companies, in a small business, or self-employed. You simply choose the insurance provider that suits you best. By mail or online, you would then inform the government of your selection. And the money to help pay for your health care would be sent straight to that insurance provider. The health plan you chose would be as good as any that an employer could choose for you. It would be yours and your family’s health-care plan, and yours to keep.

And this makes it so that the money is actually put toward health care, just like it is when the companies are given the tax break.  This differs from our current welfare plans where I see people using their food stamps to buy THREE Snickers bars.

The value of that credit — 2,500 dollars for individuals, 5,000 dollars for families — would also be enhanced by the greater competition this reform would help create among insurance companies. Millions of Americans would be making their own health-care choices again. Insurance companies could no longer take your business for granted, offering narrow plans with escalating costs. It would help change the whole dynamic of the current system, putting individuals and families back in charge, and forcing companies to respond with better service at lower cost.

It would help extend the advantages of staying with doctors and providers of your choice. When Americans speak of “our doctor,” it will mean something again, because they won’t have to change from one doctor or one network to the next every time they change employers. They’ll have a medical “home” again, dealing with doctors who know and care about them.

And doctors won’t be overwhelmed like they would be under a universal system.  And bad doctors will be held accountable, in that they won’t get paid no matter what.  People will still have to choose their doctors.

These reforms will take time, and critics argue that when my proposed tax credit becomes available it would encourage people to purchase health insurance on the current individual market, while significant weaknesses in the market remain. They worry that Americans with pre-existing conditions could still be denied insurance. Congress took the important step of providing some protection against the exclusion of pre-existing conditions in the Health Insurance Portability and Accountability Act in 1996. I supported that legislation, and nothing in my reforms will change the fact that if you remain employed and insured you will build protection against the cost of treating any pre-existing condition.

Even so, those without prior group coverage and those with pre-existing conditions do have the most difficulty on the individual market, and we need to make sure they get the high-quality coverage they need. I will work tirelessly to address the problem. But I won’t create another entitlement program that Washington will let get out of control. Nor will I saddle states with another unfunded mandate. The states have been very active in experimenting with ways to cover the “uninsurables.” The State of North Carolina, for example, has an agreement with Blue Cross to act as insurer of “last resort.” Over thirty states have some form of “high-risk” pool, and over twenty states have plans that limit premiums charged to people suffering an illness and who have been denied insurance.

Good – it doesn’t create a system that the government can’t afford, which would mean just more and more taxes.  Let the states decide how to do things, putting the Constitution and Federalism to use, like they were designed to be.

As President, I will meet with the governors to solicit their ideas about a best practice model that states can follow — a Guaranteed Access Plan or GAP that would reflect the best experience of the states. I will work with Congress, the governors, and industry to make sure that it is funded adequately and has the right incentives to reduce costs such as disease management, individual case management, and health and wellness programs. These programs reach out to people who are at risk for different diseases and chronic conditions and provide them with nurse care managers to make sure they receive the proper care and avoid unnecessary treatments and emergency room visits. The details of a Guaranteed Access Plan will be worked out with the collaboration and consent of the states. But, conceptually, federal assistance could be provided to a nonprofit GAP that operated under the direction of a board that i ncluded [sic] all stakeholders groups — legislators, insurers, business and medical community representatives, and, most importantly, patients. The board would contract with insurers to cover patients who have been denied insurance and could join with other state plans to enlarge pools and lower overhead costs. There would be reasonable limits on premiums, and assistance would be available for Americans below a certain income level.

Again, giving states the choice is the best thing to do here.  And the whole interstate insurrance option is a GREAT idea.  More competition means better prices for the consumers.

This cooperation among states in the purchase of insurance would also be a crucial step in ridding the market of both needless and costly regulations, and the dominance in the market of only a few insurance companies. Right now, there is a different health insurance market for every state. Each one has its own rules and restrictions, and often guarantees inadequate competition among insurance companies. Often these circumstances prevent the best companies, with the best plans and lowest prices, from making their product available to any American who wants it. We need to break down these barriers to competition, innovation and excellence, with the goal of establishing a national market to make the best practices and lowest prices available to every person in every state.

Again – the interstate part of his plan is a GREAT idea.

Another source of needless cost and trouble in the health care system comes from the trial bar. Every patient in America must have access to legal remedies in cases of bad medical practice. But this vital principle of law and medicine is not an invitation to endless, frivolous lawsuits from trial lawyers who exploit both patients and physicians alike. We must pass medical liability reform, and those reforms should eliminate lawsuits directed at doctors who follow clinical guidelines and adhere to patient safety protocols. If Senator Obama and Senator Clinton are sincere in their conviction that health care coverage and quality is their first priority, then they will put the needs of patients before the demands of trial lawyers. They can’t have it both ways.

AMEN!!!!  I hate frivolous lawsuits (just read my blog “disclaimer”).  Too many lawsuits occur that never should be allowed to, and even the ones that should win the case, are often awarded in too great amounts.  And neither Clinton or Obama are going to say that if they ever want the chance of getting John Edwards’s delegates.

We also know from experience that coordinated care — providers collaborating to produce the best health outcome — offers better quality and can cost less. We should pay a single bill for high-quality disease care, not an endless series of bills for pre-surgical tests and visits, hospitalization and surgery, and follow-up tests, drugs and office visits. Paying for coordinated care means that every single provider is now united on being responsive to the needs of a single person: the patient. Health information technology will flourish because the market will demand it.

Again – this is a great idea.  I remember several times when my family members had to be hospitalized for various issues, and it was just charge after charge, for X test or Y medicine and then an MRI or CAT scan, and the bills just piled up.

In the same way, clinics, hospitals, doctors, medical technology producers, drug companies and every other provider of health care must be accountable to their patients and their transactions transparent. Americans should have access to information about the performance and safety records of doctors and other health care providers and the quality measures they use. Families, insurance companies, the government — whoever is paying the bill — must understand exactly what their care costs and the outcome they received.

Exactly.  One of the things that he doesn’t address specifically, but falls under this category of transparency is ambulances.  Nowadays, ambulance rides aren’t necessarily covered under insurrance plans, but they can be QUITE expensive.  And I’ve seen cases where ambulances are called unnecessarily because people simply don’t need an ambulance (such as the case of my girlfriend, who has seizures.  She’s had them in public, and people, not knowing that she doesn’t need an ambulance, call 911, and she gets hit with a huge bill).

Families also place a high value on quickly getting simple care, and have shown a willingness to pay cash to get it. If walk-in clinics in retail outlets are the most convenient, cost-effective way for families to safely meet simple needs, then no policies of government should stand in their way. And if the cheapest way to get high quality care is to use advances in Web technology to allow a doctor to practice across state lines, then let them.

Again, this emphasizes McCain’s (and Republican’s/Libertarian’s) points at large, that people/consumers should have the freedom to choose WHATEVER they want, whether that’s what we consider “conventional” or not.

As you know better than I do, the best treatment is early treatment. The best care is preventative care. And by far the best prescription for good health is to steer clear of high-risk behaviors. The most obvious case of all is smoking cigarettes, which still accounts for so much avoidable disease. People make their own choices in this country, but we in government have responsibilities and choices of our own. Most smokers would love to quit but find it hard to do so. We can improve lives and reduce chronic disease through smoking cessation programs. I will work with business and insurance companies to promote the availability and use of these programs.

OK – I need to know more about what this program would do.  I don’t like smoking, but its a choice that people have the right to make, and when the government bans smoking in private areas (in my opinion, it should be banned in public areas if that’s what people want – it’s the people’s air, it should be their choice), they begin going down a slippery slope.  I’m not saying this is what McCain wants to do, I’m just saying that I need to know more details about this specific plan before I am comfortable commenting on it.

Smoking is just one cause of chronic diseases that could be avoided or better managed, and the national resources that could be saved by a greater emphasis on preventative care. Chronic conditions — such as cancer, heart disease, high blood pressure, diabetes and asthma — account for three-quarters of the nation’s annual health-care bill. In so many cases this suffering could be averted by early testing and screening, as in the case of colon and breast cancers. Diabetes and heart disease rates are also increasing today with rise of obesity in the United States, even among children and teenagers. We need to create a “next generation” of chronic disease prevention, early intervention, new treatment models and public health infrastructure. We need to use technology to share information on “best practices” in health care so every physician is up-to-date. We need to adopt new treatment programs and fi nancial [sic] incentives to adopt “health habits” for those with the most common conditions such as diabetes and obesity that will improve their quality of life and reduce the costs of their treatment.

Financial incentives for “health habits”?  This seems to cross the line to me.  If somebody wants to be obese, that’s their own choice.  I don’t see why the government should offer a monetary incentive to be healthy.  Shouldn’t the fact that you’ll live longer (in theory) be enough incentive?  If a private company wants to form to give out these incentives, then go ahead, but this is too much governemnt involvement for my liking.

Watch your diet, walk thirty or so minutes a day, and take a few other simple precautions, and you won’t have to worry about these afflictions. But many of us never quite get around to it, and the wake-up call doesn’t come until the ambulance arrives or we’re facing a tough diagnosis.

We can make tremendous improvements in the cost of treating chronic disease by using modern information technology to collect information on the practice patterns, costs and effectiveness of physicians. By simply documenting and disseminating information on best practices we can eliminate those costly practices that don’t yield corresponding value. By reforming payment systems to focus on payments for best practice and quality outcomes, we will accelerate this important change.

Government programs such as Medicare and Medicaid should lead the way in health care reforms that improve quality and lower costs. Medicare reimbursement now rewards institutions and clinicians who provide more and more complex services. We need to change the way providers are paid to focus their attention more on chronic disease and managing their treatment. This is the most important care for an aging population.

There have been a variety of state-based experiments such as Cash and Counseling or The Program of All-Inclusive Care for the Elderly (PACE) that are different from the inflexible approaches for delivering care to people in the home setting. Seniors are given a monthly allowance that they can use to hire workers and purchase care-related services and goods. They can get help managing their care by designating representatives, such as relatives or friends, to help make decisions. It also offers counseling and bookkeeping services to assist consumers in handling their programmatic responsibilities.

In these approaches, participants were much more likely to have their needs met and be satisfied with their care. Moreover, any concerns about consumers’ safety appear misplaced. For every age group in every state, participants were no more likely to suffer care-related health problems.

Again, this just goes to show that leaving it up to the states is a good idea.

Government can provide leadership to solve problems, of course. So often it comes down to personal responsibility — the duty of every adult in America to look after themselves and to safeguard the gift of life. But wise government policy can make preventative care the standard. It can put the best practices of preventative care in action all across our health-care system. Over time that one standard alone, consistently applied in every doctor’s office, hospital, and insurance company in America, will save more lives than we could ever count. And every year, it will save many billions of dollars in the health-care economy, making medical care better and medical coverage more affordable for every citizen in this country.

Preventative stuff IS cheaper in the long run.  Sure, it costs more at the beginning, but it’s (usually) cheaper in the long run.

Good health is incentive enough to live well and avoid risks, as we’re all reminded now and then when good health is lost. But if anyone ever requires further motivation, they need only visit a place like the Moffitt Center, where all the brilliance and resourcefulness of humanity are focused on the task of saving lives and relieving suffering. You’re an inspiration, and not only to your patients. You’re a reminder of all that’s good in American health care, and we need that reminder sometimes in Washington. I thank you for your kind attention this morning, I thank you for the heroic work you have done here, and I wish you success in the even greater work that lies ahead.

And that wraps up McCain’s speech.

Lastly, I want to give you the information from McCain’s website’s page about health care, which essentially outlines the plan that he laid out in the above speech:

Straight Talk on Health System Reform
A Call to Action
Today, In Florida, John McCain Outlined His Plan For Health Care Reform.
John McCain believes we can and must provide access to health care for every American. He has proposed a comprehensive vision for achieving that. For too long, our nation’s leaders have talked about reforming health care. Now is the time to act.

  • Americans Are Worried About Health Care Costs.The problems with health care are well known: it is too expensive and 47 million people living in the United States lack health insurance.

John McCain's Vision for Health Care Reform
John McCain Believes The Key To Health Care Reform Is To Restore Control To The Patients Themselves.
We want a system of health care in which everyone can afford and acquire the treatment and preventative care they need. Health care should be available to all and not limited by where you work or how much you make. Families should be in charge of their health care dollars and have more control over care.

Making Health Insurance Innovative, Portable and Affordable
John McCain Will Reform Health Care Making It Easier For Individuals And Families To Obtain Insurance.
An important part of his plan is to use competition to improve the quality of health insurance with greater variety to match people’s needs, lower prices, and portability. Families should be able to purchase health insurance nationwide, across state lines.
McCain EventJohn McCain Will Reform The Tax Code To Offer More Choices Beyond Employer-Based Health Insurance Coverage. While still having the option of employer-based coverage, every family will also have the option of receiving a direct refundable tax crediteffectively cash – of $2,500 for individuals and $5,000 for families to offset the cost of insurance. Families will be able to choose the insurance provider that suits them best and the money would be sent directly to the insurance provider. Those obtaining innovative insurance that costs less than the credit can deposit the remainder in expanded Health Savings Accounts.
 
John McCain Proposes Making Insurance More Portable. Americans need insurance that follows them from job to job. They want insurance that is still there if they retire early and does not change if they take a few years off to raise the kids.
 
 

 

 

John McCain Will Encourage And Expand The Benefits Of Health Savings Accounts (HSAs) For Families. When families are informed about medical choices, they are more capable of making their own decisions and often decide against unnecessary options. Health Savings Accounts take an important step in the direction of putting families in charge of what they pay for.
Ensuring Care for Higher Risk Patients
John McCain’s Plan Cares For The Traditionally Uninsurable.
John McCain understands that those without prior group coverage and those with pre-existing conditions have the most difficulty on the individual market, and we need to make sure they get the high-quality coverage they need.
John McCain Will Work With States To Establish A Guaranteed Access Plan. As President, John McCain will work with governors to develop a best practice model that states can follow - a Guaranteed Access Plan or GAP – that would reflect the best experience of the states to ensure these patients have access to health coverage. One approach would establish a nonprofit corporation that would contract with insurers to cover patients who have been denied insurance and could join with other state plans to enlarge pools and lower overhead costs. There would be reasonable limits on premiums, and assistance would be available for Americans below a certain income level.
 
John McCain Will Promote Proper Incentives. John McCain will work with Congress, the governors, and industry to make sure this approach is funded adequately and has the right incentives to reduce costs such as disease management, individual case management, and health and wellness programs.
 

 

 

 

Lowering Health Care Costs
John McCain Proposes A Number Of Initiatives That Can Lower Health Care Costs. If we act today, we can lower health care costs for families through common-sense initiatives. Within a decade, health spending will comprise twenty percent of our economy. This is taking an increasing toll on America’s families and small businesses. Even Senators Clinton and Obama recognize the pressure skyrocketing health costs place on small business when they exempt small businesses from their employer mandate plans.
 
 
 
 
 

 

  • CHEAPER DRUGS: Lowering Drug Prices. John McCain will look to bring greater competition to our drug markets through safe re-importation of drugs and faster introduction of generic drugs.
  • CHRONIC DISEASE: Providing Quality, Cheaper Care For Chronic Disease. Chronic conditions account for three-quarters of the nation’s annual health care bill. By emphasizing prevention, early intervention, healthy habits, new treatment models, new public health infrastructure and the use of information technology, we can reduce health care costs. We should dedicate more federal research to caring and curing chronic disease.
  • COORDINATED CARE: Promoting Coordinated Care. Coordinated care – with providers collaborating to produce the best health care – offers better outcomes at lower cost. We should pay a single bill for high-quality disease care which will make every single provider accountable and responsive to the patients’ needs. McCain Event
  • GREATER ACCESS AND CONVENIENCE: Expanding Access To Health Care. Families place a high value on quickly getting simple care. Government should promote greater access through walk-in clinics in retail outlets.
  • INFORMATION TECHNOLOGY: Greater Use Of Information Technology To Reduce Costs. We should promote the rapid deployment of 21st century information systems and technology that allows doctors to practice across state lines.
  • MEDICAID AND MEDICARE: Reforming The Payment System To Cut Costs. We must reform the payment systems in Medicaid and Medicare to compensate providers for diagnosis, prevention and care coordination. Medicaid and Medicare should not pay for preventable medical errors or mismanagement.
  • SMOKING: Promoting The Availability Of Smoking Cessation Programs. Most smokers would love to quit but find it hard to do so. Working with business and insurance companies to promote availability, we can improve lives and reduce chronic disease through smoking cessation programs.
  • STATE FLEXIBILITY: Encouraging States To Lower Costs. States should have the flexibility to experiment with alternative forms of access, coordinated payments per episode covered under Medicaid, use of private insurance in Medicaid, alternative insurance policies and different licensing schemes for providers.
  • TORT REFORM: Passing Medical Liability Reform. We must pass medical liability reform that eliminates lawsuits directed at doctors who follow clinical guidelines and adhere to safety protocols. Every patient should have access to legal remedies in cases of bad medical practice but that should not be an invitation to endless, frivolous lawsuits.
  • TRANSPARENCY: Bringing Transparency To Health Care Costs. We must make public more information on treatment options and doctor records, and require transparency regarding medical outcomes, quality of care, costs and prices. We must also facilitate the development of national standards for measuring and recording treatments and outcomes.

Confronting the Long Term Care Challenge
John McCain Will Develop A Strategy For Meeting The Challenge Of A Population Needing Greater Long-Term Care. There have been a variety of state-based experiments such as Cash and Counseling or The Program of All-Inclusive Care for the Elderly (PACE) that are pioneering approaches for delivering care to people in a home setting. Seniors are given a monthly stipend which they can use to: hire workers and purchase care-related services and goods. They can get help managing their care by designating representatives, such as relatives or friends, to help make decisions. It also offers counseling and bookkeeping services to assist consumers in handling their programmatic responsibilities.

Covering Those With Pre-Existing Conditions
MYTH: Some Claim That Under John McCain’s Plan, Those With Pre-Existing Conditions Would Be Denied Insurance.
 
 
 
 
 

 

  • FACT: John McCain Supported The Health Insurance Portability And Accountability Act In 1996 That Took The Important Step Of Providing Some Protection Against Exclusion Of Pre-Existing Conditions.
  • FACT: Nothing In John McCain’s Plan Changes The Fact That If You Are Employed And Insured You Will Build Protection Against The Cost Of Any Pre-Existing Condition.
  • FACT: As President, John McCain Would Work With Governors To Find The Solutions Necessary To Ensure Those With Pre-Existing Conditions Are Able To Easily Access Care.
 

And there you have McCain’s health care plan.  I don’t like all of it, but I really do like that fact that he’s coming at this from an innovative way, not just paying for it like the Democrats want to do, but allowing for more competition between health care providers.  I think his plan is much better than any plan that the Democrats have outlined.

Done Analyzing,

Ranting Republican
add to del.icio.us :: Add to Blinkslist :: add to furl :: add to ma.gnolia :: Stumble It! ::

McCain Changes His Mind on Mortgage Plan – Now He Wants to “Help” Homeowners

April 11, 2008

Well, in a move that honestly shocked me, John McCain has outlined a Mortgage/Homeowner plan, contrary to earlier statements that he made, saying, “I believe the role of government is to help the truly needy. … Reforms should focus on improving transparency and accountability in our capital markets. … What is not necessary is a multibillion-dollar bailout for big banks and speculators, as Senators Clinton and Obama have proposed”:

Remarks By John McCain On The Economy At Brooklyn Small Business Roundtable

April 10, 2008

ARLINGTON, VA — U.S. Senator John McCain will deliver the following remarks as prepared for delivery at a small business roundtable in Brooklyn, New York, today at 12:45 p.m. EST:
Thank you for joining me here today. It is a real pleasure to be participating in this roundtable with so many accomplished entrepreneurs and small business owners. You represent the engine of economic growth in America. Small business creates the majority of new jobs in America every year — so thank you for your ingenuity, perseverance, and hard work.
For Americans, a good job is the best program for housing, education, clothing, health care and transportation ever devised. A strong, growing economy with good jobs is central to everything we want for America. Today our economy is weakening, and as I travel this country and meet and talk with people, I can see how things are getting tougher for many Americans.

As I see it, individuals and families are feeling real pressure in four major areas. Housing prices are flat or declining and Americans have lost their homes or are in danger of losing them. A credit crunch is making personal loans, student loans, or business loans harder to get. Gas prices and food prices are threatening family budgets. And people are worried about their jobs.

I have a plan of action to get the American economy back on track. My plan is comprised of two parts: First is a tangible, near-term plan to address and relieve some of the serious problems that Americans are facing right now. The second part of the plan is to create the right medium and long-term environment for our economy to rebound and thrive.

Let me discuss the short-term challenges and actions first.

Recently, a sustained period of rising home prices made many home lenders complacent, giving them a false sense of security and causing them to lower their lending standards. They stopped asking basic questions of their borrowers like “can you afford this home? Can you put a reasonable amount of money down?” Lenders ended up violating the basic rule of banking: don’t lend people money who can’t pay it back. Some Americans bought homes they couldn’t afford, betting that rising prices would make it easier to refinance later at more affordable rates. There are 80 million family homes in America and those homeowners are now facing the reality that the bubble has burst and prices go down as well as up.

More generally, credit is drying up and liquidity is now severely limited — and small business and hard-working families find themselves unable to get their usual loans. Business managers have become not only more cautious about hiring, but some have been reducing their workforce. All of this led to a discouraging jobs report last Friday.

As if this were not enough, oil prices and therefore gas prices have been climbing for well over a year. For a long time, companies and businesses absorbed those increases but recently they have had to pass them on to consumers. The reason the price of milk, eggs and all kinds of goods are up so much is, simply, the increased cost of transporting these products to your store. Even the costs of product containers and cartons — often made from petroleum products — have been affected by the rising cost of oil and gas.

So what can we do in the near term?

Let’s start with the housing challenges. There is nothing more important than keeping alive the American dream to own your home, and priority number one is to keep well meaning, deserving home owners who are facing foreclosure in their homes. I am pleased that the Congress is considering bi-partisan reforms to help the mortgage crisis. Bipartisan efforts may not make for great political theater, but they remain the most effective way to address quickly our nation’s problems. Bipartisan efforts are also sometimes less than perfect, and I believe we can improve on the legislation before Congress.

I’ve made my principles in this area clear: Tax breaks for builders, funds to purchase homes in foreclosure, and tax credits that are not targeted to where the need is greatest do not constitute the federal help that is warranted. In some case, lenders and borrowers alike were caught up in the speculative frenzy that has harmed the housing market. And it is not the responsibility of the American public to spare them from the consequences of their own bad judgment. The goal should be to help homeowners who are struggling, and only about $5 billion of the bill addresses their concerns in any way. I believe we can do better.

We can also encourage groups like Neighborworks America and others provide mortgage assistance to homeowners in their communities. And our government can give them the resources to expand their efforts. I also believe that the mortgage lending industry has an obligation to help refinance mortgages. If what I have read about industry-led efforts is true, it appears that a stronger effort could be launched.

I believe a more robust, timely and targeted effort is my HOME plan. It offers every deserving American family or homeowner the opportunity to trade a burdensome mortgage for a manageable loan that reflects the market value of their home. This plan is focused on people. People decide if they need help, they apply for assistance and if approved the government under my HOME Program supports them in getting a new mortgage that they can afford. There will be qualifications which require the home to be a primary residence and the borrower able to afford a new mortgage. We will combine the power of government and the private sector to find immediate solutions for deserving American homeowners.

My plan follows the sound economic principle that when markets decline dramatically, debts must be restructured. It is built on the reality that homeowners should have an equity capital stake in their home. Homeowners would end up with a 30-year mortgage and an equity stake in their home. The new lender would receive a federal guarantee of the mortgage. And the taxpayer gets a benefit if the sale value ever recovers.

The result is a restructured financial arrangement for the homeowner. Over the long term, financial institutions must follow suit, writing off losses, restructuring their balance sheets, and raising more capital.

I am also calling for an immediate DOJ [Department of Justice] task force to aggressively investigate potential criminal wrongdoing in the mortgage lending and securitization industry. If there were individuals or firms that defrauded innocent homeowners or forged loan application documents, then the punishments of the market are not enough, and they must answer for their conduct in a court of law.

Now let me turn to gas and food prices. We need to help everyone who relies on gas to commute or pick up the kids or get to doctors appointments. As President, I promise to pursue a national energy strategy that won’t be another grab bag of handouts and a full employment act for lobbyists. It will promote the diversification and conservation of our energy sources, including a robust expansion of nuclear power, that will in sufficient time break the dominance of oil in our transportation sector.

Right now I think we should stop adding to the Strategic Petroleum Reserve. The SPR is intended to offset the impact of physical disruption of oil supplies. But with oil at over $100 a barrel and an adequate supply in the SPR, it is time to suspend purchases. This will lessen worldwide demand for oil, and if the classic laws of supply and demand hold, we should see a welcome decrease in the price of oil. And I ask every American to consider how you can sacrifice a bit for the common good and cut back where you can on your energy use.

Job security may well be the most pressing problem of these challenging economic times. Right now, jobs are in jeopardy and the government backstop is not up to the task. For over a year, I have been calling for a comprehensive reform to our unemployment insurance and displaced worker programs.

In our current unemployment insurance system, benefits are the same regardless of whether a job is found quickly or slowly. There is no reward for work, or getting to work quickly. Training programs are duplicative, balkanized and inefficient. The Department of Labor alone has over a half-dozen programs under different organizational umbrellas.

I propose that we build a new system so that as women and men work, their taxes help to build up a buffer account against lost earnings. Then, if they are unfortunate enough to lose a job, they will be able to better meet their obligations. There will also be no need to wait for a bureaucrat or obey a timetable. Every day will count and give incentives to get back to work.

If new skills are needed, displaced workers should find quick assistance at a community college using a flexible training account that permits them to pay for training and use some of the leftover to keep their health insurance. They will be able to get the hands-on skills needed by employers in the area and move to a new job. And my plan contains special, targeted assistance for older workers.

We also must make health care portable. The biggest fear people have when they lose their job is losing their health insurance. I have proposed comprehensive reforms that will lead to innovative, portable insurance. But we can start by making sure that workers are eligible for affordable coverage under COBRA.

These short term measures are designed to help people where they face the most challenges right now. I think they could make a significant difference in the everyday lives of many people.

Much work remains to be done on addressing the issues and challenges that will ensure we remain the largest and strongest economy in the world in the future. I believe that in order to accomplish this we must do three things. First, we must invest in the greatest resource we have, the American people. Second, we must reignite and drive a spirit of innovation in America. And third, we must foster growth and economic freedom, which really means low and effective taxes, free trade on a level playing field, small government and a smart, enforceable regulatory and legal framework.

Next week I will outline my longer term vision for American economic growth and power. But let me make it clear that in these challenging times, I am committed to using all the resources of this government and great nation to create opportunity and make sure that every deserving American has a good job and can achieve their American dream.

Frankly, I am VERY disappointed in Senator McCain, although there is somewhat of a silver lining here.  I don’t agree with the plan that the Congress passed.  I think it helps out individuals who made bad decisions and sets a precedent that “the government will bail you out if you screw up,” and, unfortunately, I think that part of Senator McCain’s plan would do the same.  Although I disagree with his point that the government should be bailing people out of this, I will note several parts that I either agreed with or made me more comfortable accepting his plan over Obama’s or Clintons:

  • I like the fact that people would have to prove that they were credit-worthy at the time that they received the loan.  Here’s an excerpt from the Los Angeles Times that explains McCain’s plan a little more:

    McCain’s aides said his home mortgage plan could help 200,000 to 400,000 people and cost $3 billion to $10 billion. That would be far less than the proposals offered by Clinton and Obama, but McCain aides said it would be bigger than the efforts envisioned by the Bush administration.

    The plan would retire old loans that homeowners no longer can pay and replace them with less expensive, 30-year, fixed-rate mortgages that are federally guaranteed. McCain said families would gain “the opportunity to trade a burdensome mortgage for a manageable loan that reflects the market value of their home.”

    In line with his concern about bailing out speculators, McCain’s proposal would apply only to homeowners who took out sub-prime mortgages after 2005 for homes that are their main residence. They would need to have proved they were credit-worthy at the time of the loan.

  • I like the fact that he will have the Department of Justice investigate wrongdoings.  As a hard core law and order conservative, I support finding and prosecuting anybody who breaks the law.
  • I also like a lot of his health care plan, especially encouraging competition between insurance companies and allowing people to get insurance from out of state.

Clinton and Obama also had some comments saying that they didn’t think McCain’s plan did enough, which made me feel somewhat better, since their plans would do WAY too much:

While campaigning in Gary, IN, Obama said, “Just look at the speech he’s giving today about our economy.  I’m glad he’s finally decided to offer a plan.  Better late than never.  But don’t expect any real answers, don’t expect it to actually help struggling families because Senator McCain’s solution to the housing crisis seems a lot like the George Bush solution of sitting by and hoping it passes while families face foreclosure and watch the value of their homes erode.”

Clinton issued a press release, speaking out against McCain’s switch from a laissez-faire approach to a more socialized approach:

Senator McCain is apparently of two minds on the housing crisis and neither seems to know how to steward the economy effectively. Just two weeks ago, Senator McCain said he’d rather do nothing than something about the housing crisis and attacked my plan with tired right-wing talking points.

Today, it looks like he’s proposing a warmed over, half-hearted version of the very plan he criticized, to help families restructure mortgages to save homes and keep housing prices from falling further. Apparently, Senator McCain got the message: letting the phone simply ring and ring is not the way to respond to economic crises. So now he’s changed positions and is finally responding to a housing crisis that has been going on for months, but unfortunately his actions are only half-measures.

This is all part of a pattern.

Senator McCain admitted not knowing enough about economics. He can’t keep his own position on Social Security straight. And now he’s shown himself to be dangerously inconsistent on addressing our nation’s housing crisis.

For eight years, we’ve had a President who didn’t know enough or care enough to do enough on behalf of the middle class. With a credit crisis, a home mortgage crisis, and an economy facing a potentially deep and painful recession, we can’t afford four more years of more of the same.

At a time of economic crisis and uncertainty, Americans need a President with a steady hand and steady positions, not someone whose economic positions are as unpredictable as our troubled economy itself.

So, the fact that those two don’t like the plan DOES make me feel a little easier about it, but I still think it’s a mistake.  People need to accept the consequences of their actions.  The government can’t be there to bail people out all the time – it’s just not what the government is for.

Done Ranting,

Ranting Republican
add to del.icio.us :: Add to Blinkslist :: add to furl :: add to ma.gnolia :: Stumble It! ::

Barack Obama: Children Lack a “Hunger to Learn” and Parents Must “Turn off the Television” and “Video Games”

April 4, 2008

While talking at a forum in a hall in Wilkes-Barre, Pennsylvania, Obama told parents that “we’re not instilling the hunger to learn.”  He mad the point that “it’s not all about money,” saying that children in China are going to school in dilapidated buildings, with outdated text books but they’re performing well because “they are hungry.”

Harrisburg teacher Jesse Rawls Sr. asked Obama, “How can we get inner-city kids to buy into education?”  Obama responded by saying, “The only reason I’m standing here is because I got a good education.  We need to change the attitude of kids … [and champion the idea] that everybody is our responsibility.”

He then detailed his plan that would “Identify ‘at-risk’ parents when they go to the hospital to deliver a baby, teach them to read, and encourage their child to get a good education.” (Pennlive.com)

While discussing the importance of reading at a young age, he said that “government can’t do everything,” and he told parents, “Turn off the television, turn off the video games.”  He told parents, “don’t go to school and cuss out the teacher” when a note is sent home from the school about their children.  He said that motivation must be given to students, especially 9th graders, who show a great lack in interest as they transition over to high school.  He said that the mentality that “education is poured in your ear” and the students don’t have to do anything is utterly false and believing that mentality will have terrible consequences.

I’ve gotta say, I agree with Obama here.  And this “it’s the parents’ mentality” is a pattern of his.  Back in February, he told a crowd in Wisconsin, “We’re going to have to parent better, and turn off the television set, and put the video games away, and instill a sense of excellence in our children, and that’s going to take some time.”

My favorite quote from his whole speech was “government can’t do everything.”  I just wish he would use this mentality when it came to health care.  I like McCain’s plan of allowing people to get health care plans from other states (pushing for more competition between companies) MUCH better than either Clinton’s or Obama’s plans.  For more on McCain’s positions about health care, see here.

Anyway, I do like the fact that Obama is saying that it’s the parents’ job, not the government’s to make sure that kids want to learn.  The fact that he said this right as these stories, where parents weren’t doing their jobs, makes me feel a little happier about Obama, although I’ll still never vote for him (unless he were pro-life, then there’d be the chance, but I’d still vote for McCain over him):

America has got to get this problem of out of control kids under control, and it really does start with education.  If kids are dedicated to education, they won’t go around plotting to stab their teacher, or flushing their newborn babies down the toilet (or even getting pregnant at all!).

Done Ranting,

Ranting Republican
add to del.icio.us :: Add to Blinkslist :: add to furl :: add to ma.gnolia :: Stumble It! ::


Follow

Get every new post delivered to your Inbox.

Join 288 other followers

%d bloggers like this: