Barack Obama responds to McCain's call for deregulation of the health care industry just as he dd for the banks. Can you imagine if that happens?

Obama: He calls himself "fundamentally a deregulator," when reckless deregulation and lack of oversight is a big part of the problem. And here's the really scary part. Now this "Great Deregulator" wants to turn his attention to health care. He wrote in the current issue of a magazine - the current issue - that we need to open up health care to - quote - "more vigorous nationwide competition, as we have done over the last decade in banking." That's right, John McCain says he wants to do for health care what Washington has done for r banking. Think about what that means.

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Obama: The news of the day isn't good. The era of greed and irresponsibility on Wall Street and in Washington has led us to a perilous moment. They said they wanted to let the market run free but instead they let it run wild. And now we are facing a financial crisis as profound as any we have faced since the Great Depression. But here's the truth:

Regardless of how we got here, we're here today. And the circumstances we face require decisive action because your jobs, your savings, and your economic security are now at risk. Over the years, states have come up with common sense rules to make sure that insurance companies aren't just looking out for their own profits, but for your health. And we cannot toss those rules out the window.