Yes, Even With Taxes.

Republicans don’t get it. Democrats only barely get it.

According to a new ABC/Washington Post poll, even with a “penalty tax” on health care benefits, a majority of Americans still support a public-option health care system:

Thinking about health care, one proposal to insure nearly everyone would require all Americans to have health insurance or pay a penalty on their income tax, excluding those with lower incomes. It would require most employers to offer health coverage or pay a fee. There would be a government-run plan to compete with private insurers. And income taxes on people earning more than 280-thousand dollars a year would be raised to help fund the program. Taken together, would you support or oppose this plan? Do you feel that way strongly or somewhat?

54% Support, 43% Oppose

I would not call this a ringing endorsement of the benefits taxation plan. It *is* an endorsement for health care reform – and even for the public option – because any proposal that costs money generally drops like a stone in the polls. Any plan that can survive the word “taxes” in a poll and stay above fifty percent is practically immortal.

Other news in that poll is that Obama’s numbers are definitively dropping. Of course they are: he owns the economy and the economy is in the public toilet. My prediction: expect him to get to fifty percent and possibly even lower by the end of the year, followed by an economic recovery and soaring new heights for his poll numbers by mid-terms.


I’m No Journalist, But. . .

Shouldn’t the Democrat and Chronicle at least mention the fact that Eric Massa has introduced credit card reform legislation when discussing credit card reform legislation in a news article? Gosh, maybe they didn’t know. They should really read more blogs over there. . .


Massa Introduces Credit Reform Bill

I suspect this is one piece of legislation which will die a swift and horrible death in the House of Representatives, but who knows? The mood of the country is on the right side of the credit reform issue right now – and we’re all looking for a way to penalize banks anyway – so maybe this thing has a shot if it gets done quickly. I wonder, though, if it might not have been wiser to have introduced as an amendment to another bill than as it’s own thing. The question is: who besides Massa is willing to publicly endorse this same bill?

WASHINGTON, D.C. – This morning Rep. Eric Massa (NY-29) introduced his first piece of legislation in Congress. The American Credit Card Reform Act has five key objectives designed to prevent predatory lending practices by the credit card industry:

  • Cap maximum credit card interest rates at 14%
  • Prohibit transfer fees
  • Prohibit predatory advertising on college campuses
  • Prohibit the changing of credit card terms if the consumer is in full compliance with the terms
  • Require due dates to be set at a minimum of 30 days from the date bills are sent

Oh, We Should Be Doing At LEAST That Good. . .

Remember when John McCain was running for president?  Gosh, it seems like a long time ago.  I think these days, he’s standing in for either Sacha Baron Cohen or Andy Kaufmann, I can’t tell which.

Here’s John’s deregulatory theory of Health Care reform, which he predicts will make it work at least as well as the banking industry.

We should hope.