Fannie Mae and Freddie Mac didn't write mortgages. That government backup you deride was their job.
You do understand that their job was to write mortgages, right? And given that they're not in the same group as the Wall Street "Masters of the Universe", them falling flat on their face and going bust was an even bigger failure because excessive risk wasn't part of their job?
On that subject, people (ironically including McCain) have been predicting Fannie and Freddie's problems for years.
Why do you assume a national health program would necessarily be a cartoon of mismanagement?
The Iraq war, the financial mis-regulation, Hurricane Katrina... how many examples of this sort of thing do I have to see before I expect a cartoon of mismanagement?
As far as I can tell, the Government would bring to health care...
1) Inefficiencies of scale. We spend 20x more on health care than we do on the War.
2) Monopoly. When Enron screwed up they died, but the lights stayed on because there were other power companies. When the Gov fails (for example at Education), it just keeps plodding on.
3) Budgeting. Gov resources are strained and scarce and getting more so. When applied to Health Care that means there will be a lot of pressure to reduce funding, i.e. not pay for something.
4) Injection of politics into the process. Instead of you and your doctor making decisions, it will be you, your doctor, and some government bureaucrat.
At the moment it's possible to buy insurance policies that cover, say, abortion. What do you think Bush would have done if the gov had been paying for everything? Do you think he would have been good with the gov paying for abortions? Stem Cell treatments?
5) Inflexibility. A better cancer treatment comes along. The old treatments have supporters inside the system. Which treatment do you think the gov will pay for? Again, it won't be people voting with their money, it will be gov bureaucrats making these decisions, and that seriously slows down what happens.
The French tolerated AIDS inside their blood supply for much longer than they needed to because they wanted to wait for a French test to be invented. People do what's best for themselves, that includes bureaucrats and it's not like their spending their own money.
Federal support for small business group insurance is one of those *new* ideas you claim to be unable to see.
Throwing money at a problem doesn't count as a *new* idea. But if we're on this subject...
It's not a good idea for business to be supplying health care. We want to encourage the flow of labor, tying someone's HC to their job isn't that. Further, I don't see why GM is supposed to be good at HC, it's not their business.
Allowing insurance companies to sell their products across state lines is another seriously good idea.
Creating a huge drug benefit program while forbidding its managers to
bargain with Big Pharma... Changing that program to allow it to leverage the size of its
pool in dealing with the drug lords will knock its costs way down.
First of all, I'm not in favor of the drug benefit program.
Second of all, Price controls doesn't count as a "new" idea either. Nor does it count as a good one.
So you end up thinking F&F created this mess, not a bunch of hedge
fund operators poisoning the well of credit with toxic derivatives.
Greed on Wall Street goes back well before this countries creation and is apparently part of the human condition. Yes, they had a fair chunk of responsibility in this... but so does the Gov. The bail out for every Wall Street company combined is 700 Billion, but taking over F&F gave us responsibility for over a Trillion. There is lots of blame to go around, F&F and the gov played no small part in this mess.
Everybody has a "moral" story that explains our
current state in terms of his own values and ideology...The difference is, I'm right and you're wrong.
I could say the same. :)
However, do you like what our gov has been doing? The War, the Hurricane, the Financial mess? No? So obviously the solution is to give them control over Health Care too? Why do you think there is no way they'll mess that up?
Good talking with you.