http://politicalticker.blogs.cnn.com/2008/06/05/lieberman-launches-grassroots-organization/Florida Democratic Party puts out a video attacking McCain for opposing the "Cat Fund," as we'll all learn to call it soon — the Florida Hurricane Catastrophe Fund.
http://thepage.time.com/obama-camp-release-on-mccains-opposition-to-national-catastrophic-insurance-fund/Obama Camp Release on McCain’s Opposition to National Catastrophic Insurance Fund
As John McCain visits Florida today, the Obama campaign released the following statement on McCain’s opposition to a National Catastrophic Insurance Fund:
“Once again John McCain has made clear that he is much more interested in standing with George Bush than getting the facts right or doing what’s right. But what John McCain doesn’t understand is that by choosing to stand with George Bush’s failed policies instead of standing with the families of Florida he can’t deliver the change the country needs and deserves,” said Obama spokesman Hari Sevugan.
While Governor Crist was under the impression in 2007 that McCain supported the idea, after the Bush Administration came out against a National Catastrophic Insurance Fund, McCain publicly hedged for months and eventually opposed the proposal. In defending his opposition to the plan, McCain said he was “not in favor of spending $200 billion a year simply for the state of Florida.” As the Sun Sentinel noted, however, CBO estimates place the cost of the proposal at $25 million per year. Please find more background on the issue below.
AFTER HEDGING, MCCAIN JOINED THE BUSH ADMINISTRATION IN OPPOSING A NATIONAL CATASTROPHIC INSURANCE FUND
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