Straight talk from McCain on hurricane insurance
From a WSJ editorial on Florida insurance issues
The most refreshing message has come from John McCain, who pointed out that we already have FEMA (and, we'd add, at least 26 other federal programs intended to assist people after natural disasters). Mr. McCain is opposing the House bill and has instead proposed reforms to make private insurance less costly. These include creating an optional federal charter to enable insurance companies to easily operate across state lines.
The Senator wobbled a bit on Tuesday with comments about preventing insurance companies from "cherry-picking" low-risk areas. But on Wednesday he reverted to good form and said a federal disaster fund would simply cost American taxpayers too much. Kudos to Mr. McCain for refusing to dance the Panhandle Pander.
There was a reader comment quoted in National Review's "Campaign Spot" the other day: "I can't stand McCain. . . . There is a lot about McCain that is not straight talk. But when he does straight talk it's the straightiest straight talk you will find." This appears to be one of those times.
Posted by: Mike 2008-01-24 |