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

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

This post was last modified on April 10, 2021

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View Comments (12)

  • 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.

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

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

  • 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.

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

    • 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.

      • 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.