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Biden Says McCain 'Hasn't Learned Anything' From Economic Woes
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ShareSeptember 20, 2008 4:09 PM
ABC News Matthew Jaffe reports: Joe Biden Saturday warned that a McCain presidency could lead to the same de-regulation in the healthcare industry that the Democratic vice-presidential nominee cites as the reason for the nation's current economic problems.
Addressing the United Mine Workers of America's annual fish fry in Castlewood, Virginia, Biden today noted a McCain column in the September/October issue of "Contingencies," the magazine of the American Academy of Actuaries.
"You saw the meltdown going on on Wall Street," Biden said in his speech here in the mountains of southwestern Virginia. "You see the whole world worried about what's going on in terms of the economy. You also saw that John McCain now says that he wants to change it. But here's what John McCain wrote in a publication that came out a couple days ago. He wants to do for health care what he did for the banks."
"Here's what he says, I'm quoting. “Opening up the health insurance market to more vigorous nationwide competition, as we have done the last decade for banking, would prove -- and provide more choices for innovative products and less burden by the worst of the excessive state regulations." Translated: get rid of the regulations, get rid of the protection, and hang on to your health insurance. Ladies and gentlemen, this guy's not learned anything."
"He wants the health care industry to have new 'innovative' products. Let me translate that for you: in the mortgage industry, they talked about new innovative products – products: subprime mortgages. Without anybody looking over anybody's shoulder. All these new fancy business terms about new product. The new product is bringing down our economy, bringing down the world economy."
Continuing to highlight McCain's column, Biden spokesman David Wade said, "Apparently, if this is what John McCain wants to do to health care, he may need to go to the ER to have the doctor remove his foot from his mouth."
September 20, 2008 | Permalink | User Comments (54)
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McCain/Palin Nov 4. "Thanks, But No Thanks"
Posted by: Vanessa | Sep 20, 2008 4:17:40 PM
McBush has the brain that God gave a goose.......He and his counter have not the abablity to run this country,,,Sad but true.From what I am hearig Plain is putting herself first on the ticket...hahahahaha
Posted by: me | Sep 20, 2008 4:18:06 PM
I bet you John McCain is kicking himself in the butt for not picking Romney. Its all about the economy now and neither he or Palin sound like they know what they are talking about.
Posted by: DMR | Sep 20, 2008 4:20:24 PM
All that from someone who has been in DC how long? What has Biden and his lobbyist son done to help??? Nothing!!
More poor judgement from camp Obumma!
Posted by: Ed | Sep 20, 2008 4:23:26 PM
McCain-Palin-08 is American Team.
Posted by: allison | Sep 20, 2008 4:24:05 PM
Meet the Press Interview:
TIM RUSSERT: The fact is you are different than George Bush.
SEN. McCAIN: No. No. The fact is that I have agreed with President Bush far more than I have disagreed. And on the transcendent issues, the most important issues of our day, I’ve been totally in agreement and support of President Bush.
Posted by: Words From the "Maverick" | Sep 20, 2008 4:26:45 PM
John McCain – “Experience and foresight that only comes with AGE”
"There’s not a history of clashes that are violent between Sunnis and Shiahs. So I think they can probably get along." [MSNBC, 4/23/03]
" I believe that the success will be fairly easy." [CNN, 9/24/02]
"We’re not going to get into house-to-house fighting in Baghdad. " [CNN, 9/29/02]
"But the point is that, one, we will win this conflict. We will win it easily." [MSNBC, 1/22/03]
"But I believe that the Iraqi people will greet us as liberators." [NBC, 3/20/03]
"It’s clear that the end is very much in sight." [ABC, 4/9/03]
"This is a mission accomplished.." [This Week, ABC, 12/14/03]
"I’m confident we’re on the right course." [ABC News, 3/7/04]
Can you give an estimate when can our troops come home? (Matt Lauer) “No, but that's not too important,” [ABC 6/11/08]
“There were those of us who knew along that this would be difficult” (TV interview 07/08)
....Uh, sure you did Maverick, sure you did.
Posted by: Words From the "Maverick" | Sep 20, 2008 4:28:04 PM
McCain = DISHONORABLE; Palin = SCARY!!!
Posted by: Howard Gallas | Sep 20, 2008 4:29:07 PM
I think McCain/Palin would like bring down our economy.It is the reality.
McCain has no knowledge about economy.
Electing him as PRESIDENT will be a big mistake and and a great disaster.
OBAMA/BEDEN '08
Posted by: I.A.T smith | Sep 20, 2008 4:29:21 PM
I think McCain/Palin would like bring down our economy.It is the reality.
McCain has no knowledge about economy.
Electing him as PRESIDENT will be a big mistake and and a great disaster.
OBAMA/BEDEN '08
Posted by: I.A.T smith | Sep 20, 2008 4:30:23 PM
"The fundimentals of our economy are strong"
Posted by: Words From the "Maverick" | Sep 20, 2008 4:30:40 PM
Has anyone noticed that campaign advisors always have to explain what McCain and Palin REALLY meant the day AFTER they say something?
So I guess they really don't mean what they say then?
Great choice 'pubs!
Posted by: Words From the "Maverick" | Sep 20, 2008 4:33:19 PM
Maybe Biden has forgotten the fact that states regulate insurance companies. Some states do it very well, Florida, New York, Texas and California. New products come on line quickly now and are either approved or decline. This is not a easy road but one traveled everyday by the insurance industry. God don't we have enough problems without going after more for the sake of headlines?
Posted by: William | Sep 20, 2008 4:37:32 PM
Words form Obama..."God damn America!"
No Obama!! Not now, not ever!
Posted by: Ed | Sep 20, 2008 4:39:18 PM
Don't worry!! Sarah Palin lives near a bank!!
She'll be in charge of economic policy.
McCain/Palin = Bridge to NOWHERE
Posted by: Ed from MA | Sep 20, 2008 4:42:38 PM
Biden is an economic dunce.
Biden is the back pocket of the credit card companies.
Biden gets his funds from MBNA where his son is a lobbyist.
Biden was the main drive behind the bankruptcy bill.
Joe Biden is one of the main reasons we are in this crisis.
Biden is an economic fool.
Posted by: Steve | Sep 20, 2008 4:55:29 PM
We do not need four more years of Bush. Voting for McCain would be like justifying 90 percent of what Bush has done over the past 8 years since he's backed Bush 90 percent of the time. This country is ready for a team with experience and intelligence, not McSenile and Mooselini. Vote Obama/Biden 08.
Posted by: aam1978 | Sep 20, 2008 4:59:48 PM
Regarding John McCain and the DEREGULATION of the health insurance industry.
Right now, health insurance companies have to live with the regulations in the state they operate in.
John McCain has proposed that the insurance companies should be regulated * * * ONLY * * * in the state they are incorporated in.
The insurance companies would be able to reincorporate themselves in a state of THIER OWN CHOOSING. Obviously, they are going to choose a state with ZERO, ZILCH, NADA consumer protections.
Do you want any dispute you have with your insurance company to be settled by mandatory, binding, INDUSTRY SPONSORED 'arbitration' ???
Then you should vote for McCain.
Posted by: John McCain's conscience | Sep 20, 2008 5:06:39 PM
Thanks for the wordy recomdation. I will vote for McCain!
Posted by: zeke | Sep 20, 2008 5:34:03 PM
Who am I and what am I doing here?
Posted by: Biden's conscience | Sep 20, 2008 5:37:03 PM
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