Wednesday, November 14, 2012

Lefty Consistency? Fuggeddaboutit

Carney is amused at the Left's inanity.

Liberal magazine Mother Jones has a very good article on the federal flood insurance program, which subsidizes people’s beachfront homes at taxpayer expense. The program has led to “below-market insurance rates that have permitted, if not encouraged, construction in flood zones.”

Yup.  It's stupid (but hardly the only Stupidity of Gummint.)

Next chapter:

Ray Lehmann at the free-market R Street Institute called for privatization of the flood insurance program. If private companies, rather than taxpayers, were insuring beach houses, the premiums would reflect actual risk. Development would be more sane.

Seems like a reasonable response, no?


Ray Lehmann, co-founder of the R Street Institute, a mouthpiece for the insurance lobby (formerly a division of the climate-denying Heartland Institute), had another public prize in his sights. In Wall Street Journal article about Sandy, he was quoted arguing for the eventual “full privatization” of the National Flood Insurance Program, the federal initiative that provides affordable protection from some natural disasters—and which private insurers see as unfair competition.  --Carney quoting The Nation (N. Klein)

So the Lefty Nation magarag 'thinks' that privatization is a bad thing, despite Mother Jones' contention that Fed insurance is ALSO a bad thing.

So what does the Collective Hive really want?

1 comment:

jimspice said...

HOLY COW! We agree on one.