IN THE FIRST DEBATE, OBAMA EXPOSED HIS IGNORANCE OF AND ALLERGY TO COMPETITION AND THE FREE MARKET

NPR TRANSCRIPT:

MITT ROMNEY:

The other thing we have to do to save Medicare, we have to have the benefits high for those that are low-income, but for higher-income people, we're going to have to lower some of the benefits. We have to make sure this program is there for the long term. That's the plan that I've put forward.

And by the way, the idea came not even from Paul Ryan or — or Senator Wyden, who's a co-author of the bill with — with Paul Ryan in the Senate, but also it came from Bill Clinton's — Bill Clinton's chief of staff. This is an idea that's been around a long time, which is saying, hey, let's see if we can't get competition into the Medicare world so that people can get the choice of different plans at lower cost, better quality. I believe in competition.

PRESIDENT OBAMA: 

Jim, if I — if I can just respond very quickly, first of all, every study has shown that Medicare has lower administrative cost than private insurance does, which is why seniors are generally pretty happy with it. And private insurers have to make a profit. Nothing wrong with that; that's what they do. And so you've got higher administrative costs, plus profit on top of that, and if you are going to save any money through what Governor Romney's proposing, what has to happen is is that the money has to come from somewhere.

And when you move to a voucher system, you are putting seniors at the mercy of those insurance companies. And over time, if traditional Medicare has decayed or fallen apart, then they're stuck. And this is the reason why AARP has said that your plan would weaken Medicare substantially, and that's why they were supportive of the approach that we took.

IF NON-PROFIT-SEEKING GOVERNMENT AGENCIES WITH LOW ADMINISTRATIVE COSTS WERE TRULY THE BEST WAY TO DELIVER GOODS AND SERVICES, THEN USSR WOULD BE THE BIGGEST ECONOMY ON EARTH AND WE'D ALL BE DRIVING VOLGAS.

INSTEAD, THE USSR HAS BEEN FLUSHED DOWN THE TOILET OF HISTORY, AND WE DRIVE AMERICAN JAPANESE AND GERMAN (WHAT WERE ONCE WEST GERMAN AND NOT EAST GERMAN) CARS.

THE REASON: AS ROMNEY SAID (ABOVE) "COMPETITION" IN THE FREE MARKET.

SOMETHING OBAMA AND HIS COMRADES HAVE NO DIRECT EXPERIENCE WITH AND - AS LEFTISTS - A BASIC ALLERGY TO.

VOTE ACCORDINGLY.