Insurance Society

As a society culture, whatever you want to call it we are an insurance assured society. Not because you have insurance to live, but if you want that nice feeling inside then you better get insurance. Insurance protects you from dumb ass drivers (That includes yourself) and from most medical conditions if its not one of those pre-existing condition (A pre-existing condition is a health problem that existed before you apply for a health insurance policy or enroll in a new health plan. About.com). Basically means despite a 2000 dollar premium they can screw you out of life necessary services if they decide you where fucked up before you bought insurance. I'm sure the idea started to keep people away from purchasing insurance after they determined they where sick, but it has been extended to the point that some families can never be covered which is fucked up.

But I have an idea (Voice from the wire: "O shit Randy has an Idea!")Currently in the state or country of Texas it is required to have vehicle insurance if you have car. You are allowed to have just liability which is the cheapest and covers property damages of others if you fuck it up with your current car. That is completely a reasonable requirement, even though it is at the very least $39 dollars a month depending on your covered vehicle. If you drive a motorcycle, liability is only $110 a year. Since it is likely you cant damage to much property just yourself. As an owner of a vehicle it is likely you would want full coverage which is also required if your car is currently financed by someone. That mostly runs anywhere between 70 a month to 100's depending on the car. Their are approximately 20 million cars on the road in Texas, 16 million of them having at least liability insurance according to (Texassure.com)The program rolled out by the state of Texas after legislative action, that established a state database of all Texas insurance policies. At the very least that is 7.6 Billion dollars a year for the various insurance companies. I calculated that by assuming 16 million people have at least $40 dollar per month insurane. 40 X 12 months = 480 x 16,000,000 = 7,680,000,000. Thats not even including the million or so drives who have full coverage that would bring that insurance income to over 10 billion dollars. Now that is a heavy income even if they have to pay out 3 billion dollars a year in claims in which I imagine is an over estimation.

Don't lose me now the estimated population of the country of Texas is estimated to be 24,782,302 as of 2009(US Census), and growing due to the economy. If the Insurance companies could come up with reasonable rates and plans their growth could be exponential especially due to the law of averages (“If the probability of a given outcome to an event is P and the event is repeated N times, then the larger N becomes, so the likelihood increases that the closer, in proportion, will be the occurrence of the given outcome to N*P.” Probability theory) which car companies dont believe in, but thats a whole other thought. The more people you have the cheaper a service should become since investment per capita goes down in price is the law of averages. For argument sake lets say insurance companies offer two type of insurance plans. Full coverage for the middle class and rich that cover everything but probably starts at 4,000 for a family of 3. Also a basic coverage which prohibits cosmetic bullshit and annual dental and bi-annual eye exams. Lets be honest, an eye exam cost as little as 100 as a walk in. Their have been plenty of people who have never gotten their teeth checked in the last year. TO be honest braces are a luxury and not a necessity. back to the main point of this paragraph, the cost of coverage that would include an annual doctor visit and physical and ER care for bad shit that could happen could cost 60 bucks a month. Less than the price of cable which is even less of a necessity. If every Texas resident had basic insurance it would equal to 17,843,257,440. Yeah Trillion of dollars count that up. ($60 x 12 Months = $720 x 24,782,302people = 17.8 billion dollars). And thats basic insurance profits, no one can tell me that wouldn't cover the cost of coverage and leave billions for profit. Just a thought based in reasoning, the Truth. All to give you that comfortable feeling inside, doesn't that make you feel good :(

Chrysler, Unions, And the Obamas get money

The unions are being blamed for the failing of the Chrysler/Fiat deal(MSNBC)

Fiat CEO Sergio Marchionne, in an interview published Wednesday, said the Italian automaker will walk away from a nonbinding agreement to take a 20 percent stake in Chrysler and share its small car technology unless the U.S. automaker’s unions agree to major cost cuts...
Chrysler, which is living on $4 billion in loans from the U.S. government, has to take on a partner and gain concessions from unions and debtholders by April 30, or the Obama administration will stop lending it money. No other suitors have emerged, and it’s likely that no bankruptcy financing will be available, so Chrysler would have little choice but to be auctioned off in pieces...
The uncertainty adds to worries for Chrysler’s 54,000 employees as well as thousands more who work for parts suppliers and dealers across North America.
“There’s definitely some worry and concern about what’s going on,” said Brett Ward, 35, a 15-year Chrysler worker who drives a forklift at an assembly plant in the Detroit suburb of Sterling Heights. “We haven’t been asked to vote on the contract changes yet.”(MSNBC)

Looks like the Union has lost their ability to common sense, with no Chrysler they wont have any jobs. It what if hypothetically the auctioned parts of chrysler which will probably be The dodge truck division and Jeep we bought by investers who move to a right to work state like Texas where Unions have trouble getting established as anything more than a political action committee. If the investers decide that it is futile to keep the factories in locations that have unions with unresonable expectations and a lack of an economy (Michigan, Ohio)to a different state. then the UAW just lost a good portion of their membership and looks retarded after the jobs will never return due to the remaining companies relocating. Once the apperance that the UAW cant do anything for their membership than they lose all negotiation leverage and probably a few thousand members that will rather save their dues then pay an organization that can no longer be depended on.
LOL at the funny union workers that thinks they are going to get to vote on any contract modification. What are they going to do if they dont like contract which gives them less, go on strike?

The Obamas banked last year, 2.6 Million (Washington Post)

Barack Obama's successful quest for the White House powered the sales of his nonfiction books, making him millions even as he assumed the presidency, his tax returns show...As a candidate in 2008, Obama earned about $2.6 million from the sale of his books, "The Audacity of Hope" and "Dreams From My Father," according to returns the White House released yesterday... The tax returns confirm the success Obama has had as an author during the past two years, as his largely autobiographical books have remained high on bestseller lists. His earnings in 2008, in addition to the nearly $4.1 million he earned the year before, put him in the top tier of nonfiction writers in terms of income from book sales.(Washington Post)

Maybe in the spirit of the economy sucking Obama gives more than 50 percent of his income to the IRS in taxes to show some financial sacrifice in a tough economic climate. He is living in government housing where he is only required to pay for his food and has everything else person needs subsidized by citizens. There is probably some poor sap on the payroll that is paid to specifically pick up dog poo. Or I wonder is it a intern type position or is it some former wallstreet analyst from bear stearns working to pay off his debt.