The Parse

Parsing the stupidity

Reid stirs fear of insurance co. bankruptcy, backtracks

with 2 comments

Harry Reid, in his latest attempt to stir up fear about the economy to push a socialist welfare package, said this today:

“One of the individuals in the caucus today talked about a major insurance company — a major insurance company — one with a name that everyone knows that’s on the verge of going bankrupt. That’s what this is all about.”

Later, apparently out of fear of causing a major collapse of a private company the way Chuck Schumer did, Reid had his staff backtrack on the statement:

“Senator Reid is not personally aware of any particular company being on the verge of bankruptcy,” Manley wrote in an e-mail to “Rather, his comments were meant to refer to the conditions in the financial sector generally. He regrets any confusion his comments may have caused.”


So in the first statement he was speaking specifically enough that he repeated “a major insurance company” twice and said that it’s one “everyone knows,” but we’re supposed to believe he was really speaking generally?

This fear-mongering is nothing more than a shameless power-grab by our nation’s leaders.  Now, the Senate has loaded a bunch of tax cuts and spending provisions into the bailout bill in order to “sweeten” it for recalcitrant members.  While I’m all for tax cuts, I’m not stupid enough to let them blind me from a massive $700,000,000,000 corporate welfare package.  I don’t care what they load up this bill with; never before has the “you can put lipstick on a pig” rejoinder been more apt.


Written by The Parse

October 1, 2008 at 6:37 pm

2 Responses

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  1. The question now is, which insurance company is it? Is it AIG? It better not be. That would signal that the $80 billion already spent on AIG hasn’t worked. If it AIG, Henry Paulson and Ben Bernanke should be immediately arrested for crimes against the Republic and George W. Bush should resign immediately.

    Dave Hooper

    October 1, 2008 at 10:37 pm

  2. Can an insurance company file for bankruptcy?

    Anne Vohl

    May 22, 2009 at 5:21 pm

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