Following this abysmal appearance on The Daily Show, it appears that Elizabeth McCaughey has decided to cut and run from her position at a large medical company.

Betsy McCaughey — an outspoken proponent of the myth that Democrats’ health care reform proposals will lead to the creation of “death panels,” as well as a former lieutenant governor of New York and adjunct fellow at the Hudson Institute — has stepped down from her position as a director of Cantel Medical Corp., which bills itself as a “leading provider of infection prevention and control products in the healthcare market.”

From a press release:

CANTEL MEDICAL CORP. (NYSE: CMN – News) announced that on August 20, 2009 it received a letter of resignation from Ms. Elizabeth McCaughey as a director of the Company. Ms. McCaughey, who had served as a director since 2005, stated that she was resigning to avoid any appearance of a conflict of interest during the national debate over healthcare reform. Read on...

At this time it isn't known if McCaughey resigned voluntarily or if she was asked to step down, but one thing is for sure -- her credibility on any issue regarding health care, or reform of the industry has been destroyed. Oh well, at least she'll have more time to spend with her family!