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Letters to the Editor - July 17, 2009

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By The Staff

Thank you

Marie Munroe and family would like to thank any of her friends or Arnold’s for being there during this sad time in their lives. You know who you are. The kindness was very much appreciated. God bless all of you.

The Munroe Family

Bill vetoed by

Governor Crist

Governor Crist has vetoed a bill from our state’s legislators that would have let large property insurance companies return to their previous practice of offering coverage only to limited areas in the state. These companies wish to offer policies only in those areas which are historically safe from hurricanes and they want to charge us exorbitant rates for the privilege of being covered by large established companies. Homeowners insurance is typically the most expensive of the home/auto/life policies that most folks carry. About the only other insurance we may have is a guarantee on monies, (up to $250,000), that are in checking accounts, savings accounts or Certificates of Deposit. Your bank of choice must be a member of the Federal Deposit Insurance Corp. for this to occur. The FDIC is an insurance company guaranteed by the U. S. Government. There is no government insurance to guard against losses in investments in a stock based retirement plans, such as a 401k, or to cover loss of equity in a partially paid for home. 

The property insurance business, like the mortgage insurance, investment banks, credit banks, hedge funds, automobiles, unions and special interest groups are also covered by insurance guaranteed by a U.S. Government agency. These organizations are free to operate their businesses or enterprises to the limit of any existing laws and strive for maximum profits or power without fear of interference from any government agency. While we go to an insurance agent to pay our premiums to a company, these organizations go to a lobbyist to pay their premiums to Congress. Besides being covered for any monetary losses they may encounter in their activities, these organizations are also assured of government resurrection in the event of a total failure.  

Charlie Crist has announced his intention to run for a seat in the U.S. Senate in the 2010 election. He will be challenged in the Republican primary by Marco Rubio, a former Speaker of the Florida House. Rubio demonstrated his Nancy Pelosi style of politics while he served as speaker; the influence and power of the person holding an office is more important than the duties and responsibilities of the office to serve the people who put him there. Crist will no doubt battle the Congressional Insurance Co. He has consistently demonstrated his desire and ability to insure the good of the many outweighs the favors for the few. Let’s give him a chance to continue doing this for both Florida and our country.

Bill Farthing,

Ocala