Posted On: October 29, 2008, 11:15 am CDT

Posted By: Buckeye

We all know that P&C insurers will be adversely impacted....in varying degrees, but impacted nonetheless. However, this should not result in any kind of bailout or money from the federal government.

Poor business results stemming from such things as ill-advised business decisions, bad investments, interest rates, economic downturns and/or unethical behavior are simply a reality when individuals decide to put capital at risk in a business venture. An undesirable outcome of said decision should NEVER result in "assistance" from or meddling by the federal government other than enforcing laws and regulations.

There was a time when the mere thought of this level of involvement by the federal government in our capitalistic economy would horrify even the most casual follower of such events. How did we get to a point at which we even consider or debate the potential benefits? It is no wonder we are about to elect a socialist to the highest office in the land.