I Think We're Done Here: Obama Doesn't Understand Insurance

The Great & Powerful Oz tells the parable of auto insurance at the health care confab:

The President of the United States doesn't know the difference between liability insurance and comprehensive or collision insurance. He doesn't understand that this is entirely a matter of choice and actuarial computation. Reduced to simplest terms, the President chose to purchase insurance that paid out if he rear-ended someone else; he chose NOT to purchase insurance that would pay out if someone rear-ended him. He chose to self-insure, or rely on another's liability insurance, for damage that was not his fault. Not only is he still outraged, but the tenor of his remarks makes clear that he assumes all of his listeners will be similarly astonished at this obvious miscarriage of justice at the hands of manipulative, greedy capitalists.

A pack of children has come upon an interesting artifact. They are ignorant of its nature. They hit it and bang it and poke it and make up games to play with it. They are briefly surprised and astonished when it explodes.