Obama campaign offers relief

The Obama campaign held a conference call advocating the creation of a National Catastrophic Insurance Fund. The call focused on describing Senator Obama’s support for such a fund, as well as the way Obama’s opponent for the presidency, Republican John McCain, has sided with current president George Bush in “letting the market work itself out” instead of helping people in need of governmental assistance.

Obama’s supporters described a system which the people in the states most in need of affordable disaster insurance could acquire it, with particular attention being paid to Florida (being that they are the most susceptible to being effected by a natural disaster). The call hosts noted that the money needed to lower insurance costs would come from private funding, and they mentioned that this would help make certain that states unwilling to pay for the insurance of people in other states would not have to do so.

Obama’s campaign painted the picture of McCain siding with insurance companies instead of helping out needy Americans. They said McCain initially supported such an insurance plan, but changed his mind after realizing President Bush opposed government intervention between citizens and insurance companies. Also, they said McCain’s belief that FEMA could help solve disaster relief problems was illogical.