I saw several news reports this week about obscene insurance company profits for 2009. Even Fox News got in on the act of bashing companies and profits earlier this week.
There were even reports about insurance companies earning over 300% profits, which by definition isn’t possible.
As usual, the media and special interest groups got it wrong or at least are leaving out critical information. A post on Conservative Patriot HQ about Insurance Company Profits gives some interesting details about the facts behind the claims.
The hysterical condemnation of companies that are so brazen as to earn a profit highlights a recent trend in America. CEO, Profit, and Shareholder are increasingly being used as dirty words. The enemies of capitalism are beginning to get desperate as Americans increasingly reject the progressive liberal statist agenda.
Never fall victim to the media’s attempt to provoke outrage. Always seek the truth behind what you read in the media.
Posted by smrtas1