Planet Wingnut News for Tuesday

RNC chair: Some white Republicans are 'scared of me'

Armey’s View Of Americans With Pre-Existing Conditions: Someone Who ‘Eats Like A Pig’ And Has Diabetes »
Ensuring that insurers don’t reject any American for health coverage because of a pre-existing condition is a top priority of the public. Republicans have repeatedly said that they also want to make this change, but in the alternative legislation they released, Americans with pre-existing conditions would still be left out to dry.

Yesterday on CNN, FreedomWorks head Dick Armey defended the industry’s discriminatory practices by saying that if you have diabetes because you “eat like a pig,” you don’t deserve coverage:

ARMEY: But now, they [government officials] come along and they say, irrespective of the fact they’ve gone 20, 30, 40 years of their adult life without ever having bought insurance prior to getting a liver inflammation due to their excessive drinking habits or diabetes because they eat like a pig, you must now insure them.

But at what point do we allow the government to order people that you must sell your product to this person or that person, irrespective of any good judgment? We saw what happened in housing when they ordered banks to make loans to people who weren’t qualified. Are we now going to have the same destructive influences in health care because we’re going to order doctors to provide services and so forth?

Goldman Sachs CEO says he’s ‘doing God’s work,’ rejects the idea that Goldman profits from gov’t support.
Last quarter, Wall Street investment bank Goldman Sachs made a $3.19 billion profit, and according to some estimates, the firm will set aside $21.9 billion for compensation this year. In an interview with London’s Sunday Times, Goldman CEO Lloyd Blankfein said that the firm is serving an important “social purpose” by helping companies grow, and denied the idea that Goldman is only able to make record profits thanks to government support:

Blankfein dismisses any suggestion that Goldman needed to be bailed out, and, by extension, rejects any notion that the firm is now profiting from public support. Sure, he took $10 billion from Washington’s Troubled Asset Relief Program (Tarp). But the bank has since repaid the cash, with healthy interest — 23%. Goldman also benefited from the federal bail-out of the huge US insurance firm AIG. Goldman had bought $20 billion worth of insurance from AIG and received billions of dollars — perhaps as much as $13 billion — when Washington pumped $90 billion into the stricken giant. But Blankfein insists Goldman was “hedged” against any AIG losses, in the best possible way — with cash.