The Right Coast

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Wednesday, July 22, 2009

A really, really scary thought
Mike Rappaport

As I was pondering Ezra Klein's nonsense, I was reminded of another situation where liberals attempted to design "improved markets" through government imposed institutions like the so called "insurance exchange."  That was the so called "deregulation" of California energy markets some years ago, which resulted in an unbelievable crisis.  This crisis was largely the result of clueless liberals setting up "fair" institutions to mimic and improve a market.  Energy traders took them to the bank, and the public paid.  Now, think about that happening to your health care.  And think about that, like the energy deregulation, being blamed on the "market."  

http://rightcoast.typepad.com/rightcoast/2009/07/a-really-really-scary-thoughtmike-rappaport.html

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Mike Rappaport
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Comments

Great parallel.

Posted by: Jonathan | Jul 22, 2009 9:07:12 PM

Healthcare? How about Cap Trade?

Ask yourself WHY they have set up a Carbon Exchange AND a Carbon Derivatives Exchange, run by and regulated by Goldman alumni, trained at Enron, with Democrats as early investors in these exchanges, who now have top positions in the administration.
No one is saying boo-- so why do we have a chance at real reform in ANYTHING???????????
Google Gary Gensler.

Posted by: athena | Jul 23, 2009 6:29:18 AM