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Credge · 03-29-2010, 06:07 AM

Well, Lost, that might work if the government didn't make the rules and the government couldn't print money.

In other words, if the government didn't have regulatory control it would be a fine competitor. Too bad it can regulate the industry until it becomes the winner, printing money and taxing to fill any deficits while the other insurance companies have to play by the rules that the government itself doesn't have to follow.

To give another analogy of where the government can behave unfairly:

The Toyota acceleration problems have been going on for a while now. Shortly after the government buys GM, the issue, which existed before and wasn't in the spotlight, becomes priority #1.

GM's biggest competitior? Toyota.

03-29-2010, 06:07 AM	#63
Credge FF Loremaster Beta Tester Join Date: Sep 2007 Posts Rated Helpful 4 Times	Well, Lost, that might work if the government didn't make the rules and the government couldn't print money. In other words, if the government didn't have regulatory control it would be a fine competitor. Too bad it can regulate the industry until it becomes the winner, printing money and taxing to fill any deficits while the other insurance companies have to play by the rules that the government itself doesn't have to follow. To give another analogy of where the government can behave unfairly: The Toyota acceleration problems have been going on for a while now. Shortly after the government buys GM, the issue, which existed before and wasn't in the spotlight, becomes priority #1. GM's biggest competitior? Toyota. __________________ "The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'" Ronald Reagan Last edited by Credge; 03-29-2010 at 06:07 AM.