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Why did the fed rescue an insurance company? Credit defaults swaps, a new sort of deal insurance - & the linchpin of debt securi

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“Why did the fed rescue an insurance company? Credit defaults swaps, a new sort of deal insurance - & the linchpin of debt securitization”
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McCain touts Bush healthcare plan

This comes from the DNC:

The Tulsa World reports that President Bush will conduct a business roundtable in Oklahoma City today to promote his failed plan for health savings accounts before heading off to a private closed door fundraiser for John McCain's campaign. [Tulsa World, 9/12/08: http://www.tulsaworld.com/news/article.aspx?articleID=20080910_16_A4_hHepla243517]

As part of his record of voting with President Bush more than 90 percent of the time, John McCain endorsed the Bush plan for health savings accounts even though the Wall Street Journal said was "dead-on-arrival in Congress in early 2007." This plan is a radical new scheme to tax health insurance benefits for the first time in history, provide more power to insurance companies, and give families a tax credit that covers only a fraction of average health insurance costs.
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Andrea Miller; Healthcare Hero

The National Nurses Movement, and healthcare activists across the country, believe in Andrea Miller.  Her message of guaranteed healthcare, as represented by HR 676, is just what this country needs--and just what she needs to beat out-of-touch Republican J. Randy Forbes in Virginia's 4th District.

That's why she's been named this week's Healthcare Hero.  The Healthcare Heroes are nominated by the National Nurses Organizing Committee, California Nurses Association, and Leadership Conference on Guaranteed Healthcare to honor and bring attention to Congressional candidates who commit to fight for--and win--genuine healthcare reform.

More about Andrea below...but what she really needs to beat Forbes is your financial support.  Can you help out?

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McCain Health Plan = Huge Tax Increase

 Promoted from the forums - Nick D.

McCain said almost nothing substantive in his acceptance speech, but nearly everything he said about policy was false or grossly misleading. 

On taxes, McCain said: “I will keep taxes low and cut them where I can. My opponent will raise them.”  Not true.  Obama’s plan would cut taxes for 95% of the population, and the top two tax brackets (the other 5%) would see their rates return to 1990 levels. 

By contrast, what has not received much coverage is that McCain’s health plan would function as a huge tax increase on the middle class.  His plan makes all employer contributions to health plans taxable (i.e., if your employer some or all of your health insurance premium, you’ll have to pay income taxes on your employer’s contributions).  By making health insurance benefits taxable (and providing an inadequate tax credit to make up for it), McCain’s plan would increase taxes on an Ohio family making $60,000 by $1500 a year.   

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Obama v. McCain on the Issues: Health Care

After all the lies we heard coming out of the RNC, and since the Republicans had their chance yet choose not to talk about REAL ISSUES for an entire week, let's take a closer look at the differences between Obama and McCain's policies that affect working families most.

ISSUE: ENSURING AFFORDABLE HEALTH CARE FOR ALL AMERICANS

BARACK OBAMA

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