Obama inadvertently reveals that he doesn’t understand how insurance works

March 1, 2010 · 12 comments

The President is fond of what he calls teachable moments. So what have we been taught by this video clip?

1. If you want to be covered when you get rear-ended, purchase collision and comprehensive insurance, not just the legally-required, minimum liability policy.

2. If you get rear-ended, it’s probably the other guy’s fault so you should call his insurance company, not your own.

3. Just because you graduate from Harvard doesn’t mean you know how the real world works.

And that, friends, is what you call a teachable moment. Just not the kind the President intended.

Source: HotAir.com



Possibly Related Posts

No related posts.

{ 12 comments… read them below or add one }

1 Ray March 1, 2010 at 7:14 am

Like or Dislike: Thumb up 0 Thumb down 0

Huh? Glad I didn’t have him as a professor.

Reply to this comment

2 ocmadam March 1, 2010 at 11:29 am

Like or Dislike: Thumb up 0 Thumb down 0

he doesn’t know much about how government works either

Reply to this comment

3 IMO March 1, 2010 at 2:15 pm

Like or Dislike: Thumb up 0 Thumb down 0

WOW.. even as this educated college student? You didn’t understand liability, collision and comprehensive auto insurance? No wonder they laughed at you.

Reply to this comment

4 danybhoy March 3, 2010 at 3:27 pm

Like or Dislike: Thumb up 0 Thumb down 0

Obama understands almost nothing about the world outside of gov’t. He is a statist, he could never exist in the private sector, & if he continues to stick his nose in the private sector, that won’t exist anymore either.

Reply to this comment

5 KimmyQueen March 3, 2010 at 4:55 pm

Like or Dislike: Thumb up 0 Thumb down 0

In the bubble of academia and law office and congress he didnt really got any real world experience. He has been taken care of his entire existence. He has no idea how to live life outside of this bubble he lives in.

Reply to this comment

6 Rick March 1, 2010 at 5:24 pm

Like or Dislike: Thumb up 0 Thumb down 0

In November 2008, we were all rear ended and we’re still paying for it.

Reply to this comment

7 KimmyQueen March 3, 2010 at 4:55 pm

Like or Dislike: Thumb up 0 Thumb down 0

True, true…

Reply to this comment

8 Pittsburgh Z March 1, 2010 at 8:07 pm

Like or Dislike: Thumb up 0 Thumb down 0

He speaks so well. I am in awe of just how smart he is too. For a moment there I forgot he was black….well, half black.

Reply to this comment

9 bunchacrap March 1, 2010 at 9:31 pm

Like or Dislike: Thumb up 0 Thumb down 0

I’m upset the guy that rear ended him wasn’t going faster! Now we are paying the deductable!

Reply to this comment

10 redabogado March 2, 2010 at 7:28 am

Like or Dislike: Thumb up 0 Thumb down 0

No wonder as a Constitutional Law professor he still doesn’t understand unconstitutional mandates. Perhaps he failed bid-ness law as well.

Reply to this comment

11 I didn't vote for this idiot March 2, 2010 at 1:58 pm

Like or Dislike: Thumb up 0 Thumb down 0

Frightening. The insurance he is talking about (although has no apparent understanding of) is not intended to repair what he termed a “beat up old car,” it is intended to provide a source of funds for a person injured by the insured. That is what is “legally required.” Only a moron would want to pay premiums for insurance to repair an “old beat up car,” let alone one that is damaged through the fault of another.
How any of this relates to breast cancer, or the treatment thereof, is obvious. It doesn’t. It’s just good old fashioned liberal pandering. Keep up the good work, Barry!!! Shame on you.

Reply to this comment

12 tracy March 2, 2010 at 3:36 pm

Like or Dislike: Thumb up 0 Thumb down 0

GOES TO SHOW YOU , PEOPLE CAN HAVE BOOK SENCE AND HAVE NO COMMON SENCE !

Reply to this comment

Leave a Comment

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

No registration is required to comment. However, Registering and/or Logging In before posting comments saves you time in future comments posting.