The resentful, out-of-touch-with-reality college student who is the President of the Unites States
There were many points in the Health Care Summit that keeping returning to my thoughts.
Posted by Lawrence Auster at March 03, 2010 11:55 PM | Send
One is this story that President Obama told:
When I was young, just got out of college, I had to buy auto insurance. I had a beat-up old car. And I won’t name the name of the insurance company, but there was a company—let’s call it Acme Insurance in Illinois.
And I was paying my premiums every month. After about six months I got rear-ended and I called up Acme and said, I’d like to see if I can get my car repaired, and they laughed at me over the phone because really this was set up not to actually provide insurance; what it was set up was to meet the legal requirements. But it really wasn’t serious insurance.
What Obama is saying is that he bought only the legally mandated liability coverage for his car, which covers damage he might do to other cars. He did not pay extra to get the optional collision coverage, which would cover damage to his car. He claims he was rear-ended and was surprised to find out that he wasn’t covered for that. Yet, in telling this story decades later, he doesn’t acknowledge that it was HIS MISTAKE, that he had not purchased that kind of coverage. Instead, he puts the blame on the insurance company as if it were pulling a fast one on him. In other words, it appears he is STILL confused about the difference between liability insurance and collision insurance. He tells the story as if other people would relate to his confusion.
And this is the man who wants to set health insurance policy for the country.