Liberals Hope To Link Financial Crisis To Health Care Debate

washingtonindependent.com — Who knew, eight years ago, that compassionate conservatism would include the partial nationalization of the banking industry?

It happened today, and some supporters of Sen. Barack Obama hope the new wave of broader federal regulation will spill over into the health-care debate.

In an ad in today’s New York Times, the Institute for America’s Future, a liberal watchdog group, warns that Sen. John McCain’s health-care plan might do for patients what deregulation of the finance industry has done for homeowners and investors.