Coffee and Markets: The President’s Summit of Broken Promises

Paul Ryan relieved himself into Mac Daddy's bottled water. No wonder the MD was angry and pissed.

February 26, 2010

Dear President Obama:

I want to thank you for holding “the health care summit.” It gave the citizens of The United States of America an opportunity to see, in clear bright relief, the philosophical division between the socialistic path and that of the capitalistic path with regard to health care; in such a moment of great division the midterm election of 2010 will determine which path the United States will choose to follow.
During the summit you brought up an example of how your insurance company did not meet your expectations when your vehicle was rear ended and “totaled” against your wish to have it repaired. While this circumstance was unfortunate your reaction to it is very revealing as to how you view a citizens responsibility to administer their own affairs, and your view of the capitalistic system. At that moment, in dealing with your mishap, you perceived that because you paid your premiums you were due something more than the agreement allowed for. As your story goes, “all you wanted was to get your old beater repaired.”
Let’s invent something call the “Obama Insurance Company,” I’m sure Joey Buttafuoco could be used as your pitchman – “Dented bodies lovingly restored.” Your premiums reflect that your company will fix any vehicle in a collision regardless of underlying value. After a few months of doing this what do you think would happen? The Obama Insurance Company would either have to raise it’s premiums or go bankrupt, and your “good” customers would no longer have coverage. Why? With each passing claim paid instead of encouraging a customer to invest in a new used car the Obama Insurance Company is over paying to maintain a diminishing asset. If the Obama Insurance Company wants to offer this option they would have to charge more to cover the potential cost.
Mr. Obama if it is true for vehicles it is true for human beings. Just like your “beater” one day I am going to die. To be sure I want to spend as many days with my family and doing the things I love to do as God, and a little luck, will grant me – but one day this carcass is going to give out. No amount of insurance is going to change this. That said, I need an insurance company to weigh the costs and risks and permit me to voluntarily engage in a policy that will cover my family to avoid medical induced bankruptcy. For sure the government has a role as police officer to make root-en toot-en certain they are solvent, and are living up to their end of the bargain, just as they do with auto insurance companies. In the case of the Obama Insurance Company the regulator would have shut it down before it even opened it’s doors.
Mr. Obama the capitalistic system provides the food you will eat for dinner, the fuel your airplane will consume to conduct government business, and all the stuff that the outstanding Secret Service uses to do it’s heroic and untold vital job. The capitalistic system also provides something even more precious than stuff; self-reliance and creativity. As a young boy I watched a friend of mine create a toy and market it to a major toy company, that toy is still being sold to this day. Short on brains then, but long on perseverance, I got to work doing jobs for people that they did not want to do. Everything from diapers, cleaning houses, lawns, and cleaning vehicles. All this activity led to savings, or capital formation. This capital was invested in a camera, because of a love of photography, I wanted to give it a go. Went to work at a local newspaper and did so well I considered it as a career. Through all of these experiences I learned the qualities I would have to exhibit to succeed in life. Show up on time, tell the truth, look the part, and above all else, always do the right thing. Mr. Obama why do you seek to crush the very system that allows my small story to be replicated millions of times a day, and as a byproduct of this activity, provides our citizens the highest standard of living of any nation on Earth? If you are waiting for the citizens of the United States of America to forget this lesson your frustration is only about to begin.

Respectfully,

You racist!!!!!!???????????

Those racist bastards…

Do not lose faith in your fellow Americans – when given lemons Americans make the best damned lemonade on Earth.

Yeah I really think it would be nice if someone would jump up and yell "YOU LIE!" like what's-his-name did!

Earlier I made the following remarks;

Politicians lie we all know that.
No politician that I can remember in my lifetime has ever come close to the magnitude of lies that have come from this President, yet he gets a pass, from the press and from the people.
Now…..what is different about this president that we allow him to get away with it?
I wonder….

Oh wldbil, so many answers to this question! I'm not touching it

That is a bunch of bs – you have data all mixed up there – jeez, I'm not even going to attempt to correct you, it would be a monumental waste of my time -

On common, thank you for your response, I apologize if it appeared I was casting any dispersion your way. As a matter of fact, you and Chicago were the only people with the courage to respond.
I was merely making the point that no one should be given the 'latitude' that has been given this 'President'.
Thank You again