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Politics : View from the Center and Left

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To: JohnM who wrote (118596)8/18/2009 11:52:51 AM
From: Bread Upon The Water  Read Replies (1) of 541955
 
From today's WSJ:

"The plan under negotiation in the {Senate} Finance Committee
would establish cooperatives with a minimum of 500,000 members to ensure bargaining leverage, Mr. Conrad said. An interim, government-named board would provide start-up expertise, and a government provided insurance reserve would allow the co-ops to get running quickly and reach the 12 million {member} mark. Mr. Conrad (Senator North Dakota) put the start up price at 6 billion."

The article goes on to describe the success of Co-ops in Southern Wisconsin and Seattle, but cautioned that it took a lot of time for them to acquire the necessary expertise to be successful.
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