At Free Advice, Bob links to this video showing Obama poorly defend his health care plan. To the argument that the so-called "public option" would threaten the solvency of private insurance companies, Obama says that insurance companies have nothing to worry about by comparing how the post office is always in trouble but private companies like FedEx and UPS thrive.
In other words, private companies shouldn't fear government competition because government competition sucks.
True, very true; however, government coercion remains to be feared, and this government is more coercive than ever before.
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