The president doesn’t understand how insurance works. It seems he’s just as ignorant about it now as he was when he was a kid. I’d have laughed at him, too. I still do. Or would, if he weren’t running the country.
[Update monday morning]
More (amusing) thoughts from Tom Maguire:
Obama apparently blundered to the common (and thriftier) conclusion, since no one buys collision on a junker.
However, months later he realized that paying more for collision would have been a great idea, so history is re-written. It is now due to ACME’s rapaciousness that they are unwilling to right this wrong and write him a check. And they laughed! Surely Chait can hear the racial overtones there! After the laughter died they should have explained to the college grad that he could file a third-party claim against the other driver, assuming Obama was not at fault, but that also may have been too confusing.
Well. If even Obama can be duped by greedy insurers into saving his money and taking a sensible risk, what hope do the rest of us have? Surely we need these new health insurance mandates to make sure both that we buy policies and that the policies we buy have everything we need, not just everything we (stupidly think we) want.
I find the condescension and arrogance of these “brilliant” “liberals” insufferable.