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The Warren Way Is the Wrong Way (says Democrat Steven Rattner)
New York Times ^ | November 4, 2019 | Steven Rattner

Posted on 11/05/2019 4:06:02 AM PST by karpov

Senator Elizabeth Warren has unveiled her vision for how to pay for “Medicare for all” — a daunting mountain of new taxes and fees.

Thanks for providing us, Ms. Warren, with yet more evidence that a Warren presidency is a terrifying prospect, one brought closer by your surge in the polls.

Left to her own devices, she would extend the reach and weight of the federal government far further into the economy than anything even President Franklin Roosevelt imagined, effectively abandoning the limited-government model that has mostly served us well.

Ms. Warren may call herself a capitalist, but her panoply of minutely detailed plans suggests otherwise. She would turn America’s uniquely successful public-private relationship into a dirigiste, European-style system. If you want to live in France (economically), Elizabeth Warren should be your candidate.

As a lifelong Democrat, I freely acknowledge that substantial reforms are much needed, both to achieve a more equitable distribution of income and wealth and to make good on Donald Trump’s failed pledge to raise the economy’s growth rate.

But the Warren way would be, quite simply, the wrong way.

To date, public attention has understandably focused on Ms. Warren’s support for Medicare for all as well as her long list of other new social programs like the Green New Deal, free college tuition, universal child care, student debt forgiveness and on and on.

Her armada of changes would be highly disruptive (for example, to the 156 million Americans who have private health insurance) and expensive (at least $23 trillion over the next decade). To her credit, she proposes to pay for all that spending — but with a mountain of new taxes that would increase federal revenues by more than 50 percent. Talk about expansionary government.

(Excerpt) Read more at nytimes.com ...


TOPICS: Editorial; Politics/Elections
KEYWORDS: rattner; warren
Rattner served in the Obama administration, managing the GM bailout. He is a financier with net worth in the hundreds of millions. The criticisms of Warren by Democrats in the primaries need to be used against her in the general if she is the nominee.
1 posted on 11/05/2019 4:06:02 AM PST by karpov
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To: karpov

I’ve spoken to a brother and sister in Pa. and Warren’s plan to eliminate private insurance will be a complete turn off to 1/2 the voters
Hell will freeze over before she beats Trump. I so hope she wins the Dem nomination.


2 posted on 11/05/2019 4:13:05 AM PST by Undecided 2012
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To: karpov

It is no different than HillaryCare so what is his problem?


3 posted on 11/05/2019 4:40:30 AM PST by bray (Pray for President Trump)
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To: karpov
Why the NYT Must Die

NY Times is the enemy of your free speech

4 posted on 11/05/2019 4:54:58 AM PST by T Ruth (Mohammedanism shall be destroyed.)
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To: karpov

I don’t like to dismiss the chance of this wacko fake squaw becoming President. But I will.


5 posted on 11/05/2019 4:57:50 AM PST by HighSierra5
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To: karpov

All progressives including Rattner are Euro wannabes. American Progressives have never had an original idea or concept that was not taken directly or as derivative from a socialist European concept.

Progressives eschew America for Europe.

Progressives must be destroyed, ground into ashes and dust. There can be no lasting co existence.


6 posted on 11/05/2019 5:02:15 AM PST by bert ( (KE. NP. N.C. +12) Progressives are existential American enemies)
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To: karpov

Why are the RATS going nuts over Warren’s rise in the polls when if they bring her down Crazy Bernie is waiting in the wings to take her spot?


7 posted on 11/05/2019 5:32:14 AM PST by Beagle8U (It's not whether you win or lose, it's how you place the blame.)
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To: bert

OK, no Medicare for All...would he believe Medicare for Most?


8 posted on 11/05/2019 5:33:30 AM PST by RonnG (')
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To: RonnG

There is an inherent fallacy in the Medicare gambit

The assumption is that there will be doctors and nurses to deliver the Medicare. That is not a truth.

There may not even be hospitals where you can go to die from lack of care


9 posted on 11/05/2019 5:42:14 AM PST by bert ( (KE. NP. N.C. +12) Progressives are existential American enemies)
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To: karpov

Once the government owns healthcare, they own everything in your life. They own what you eat, what you drink, how you exercise, what you own and what you think.

“Yes, Mr. Jones it does look like cancer but the good news is, we can cure it. But I see on your chart that you own a gun and have voted Republican in the last three elections. Before we can start the treatment, we need to insure your mental health and you must complete our “Healthy Minds, Healthy Bodies” course developed by Hillary Clinton’s staff. It was good to see you and we can schedule an appointment for you once you finish the course and submit your Form 1984 to us.


10 posted on 11/05/2019 5:45:35 AM PST by super7man (Madam Defarge, knitting, knitting, always knitting)
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To: karpov

The RATS problem in 2020 is...Pedo-Joe isn’t going to make it, the rest of ‘StarWars bar scene extras’ are where you have to pick your candidate. Have fun!


11 posted on 11/05/2019 5:47:27 AM PST by Beagle8U (It's not whether you win or lose, it's how you place the blame.)
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To: bray

The Rat establishment has figured out Warren cannot win a national election. She’s as dead as Geronimo.


12 posted on 11/05/2019 6:00:29 AM PST by gibsonguy
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To: karpov

I want to know how much money on an annual basis health insurance companies rake in per year. Medicare for all may not be better or a good idea but it may cost the same or even less PER CITIZEN and disconnect from employment. All good things.


13 posted on 11/05/2019 6:11:57 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: bert

Until we know how much money private insurers take in annually then there is no way to compare. Somehow nobody can tell us how much money the health insurance industry takes in per year.


14 posted on 11/05/2019 6:14:05 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

All you have to do is look up the corporate annual reports and check out their sales or revenue.

Is there a specific company that is the target of your wrath?


15 posted on 11/05/2019 6:15:39 AM PST by bert ( (KE. NP. N.C. +12) Progressives are existential American enemies)
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To: Undecided 2012

Agreed, Warren will be their worst candidate, go Lizzy!


16 posted on 11/05/2019 6:16:23 AM PST by 1Old Pro
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To: karpov
Rattner served in the Obama administration, managing the GM bailout.

So he's a hypocrite.


17 posted on 11/05/2019 6:17:26 AM PST by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer)
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To: bert
Is there a specific company that is the target of your wrath?

Which mean you don't understand the question. We need to know how much ALL insurers take in, gross income. Because that figure is going to be added to Medicare. It may end up costing workers less per month. This is not to say not is good idea but that is called doing due diligence.

If my monthly spending on private health insurance goes to zero and my Medicare/Medicaid triples per month I might still come out ahead ( quality not withstanding)

18 posted on 11/05/2019 6:28:51 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Well, I can accept that reasoning.


19 posted on 11/05/2019 6:34:11 AM PST by bert ( (KE. NP. N.C. +12) Progressives are existential American enemies)
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To: karpov

Limousine liberals hate her. Wampum threatens all their lucre. If you thought Democrats only hated Trump, think again.


20 posted on 11/05/2019 7:14:31 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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