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Author: fingfool Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35272  
Subject: Re: OT: Bush Insurance Bail-out Date: 11/16/2002 11:47 AM
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Just thought I'd point out that the bill just passed in Congress, for which Bush lobbied heavily and which is his "solution" to our economic woes, is a guarantee to bail-out insurance companies if they sustain significant losses due to terrorism.

I assume the idealists will claim this is different and justifiable, because true believers always find ways to explain away inconsistencies in their belief systems, rather than admit that their belief system is imperfect to begin with.


While it may be less troublesome to answer/assume positions for those with which you may not agree, you might want to make an effort to see what they are saying. Here's a brief response you may want to read: http://www.cato.org/dispatch/11-15-02d.html#1 .

It's not a big stretch to believe that the government can be just as ineffective and resource distorting in the area of terrorism insurance as it has been in medical insurance.

Regards,
fingfool
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