John Oxendine, the insurance commissioner and GOP gubernatorial candidate currently leading the polls, must be having a great day.
First, Oxendine said, those managers ought to be wary of the 12 states in which the insurance commissioner is elected Georgia is one of them because we are different. Details: We are a pain in the butt. We are very high-maintenance . I am not a professional regulator, I am a politician . Im going to do what I think is going to get me reelected.
Oxendine does believe, he says, that insurers are entitled to a fair and reasonable profit: I am not one of these Socialists never ever going to give out a rate increase. But, he said, you need to realize that you have to find a way to always make me look good in front of the voters.
As for campaign contributions, he noted he wasnt allowed to take them from insurance companies, but money from individuals is entirely acceptable. And gettable: Im the incumbent. You all are going to give me money because youre afraid not to.
Let's keep these pearls of wisdom coming!
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