When you put it that way…
Posted by Brad at 6:47am Friday, February 8, 2008
Okiedoke’s “vintage Okie opinion” can be as profound and poignant in its succinctness as any of those long-winded pundits in newspaper columns and on cable news networks — none more so than this editorial comment from yesterday…
Using our grandkid’s credit card by increasing the national debt to temporarily stimulate the economy seems highly irresponsible, especially considering the questionable results. If we really want to excite American capitalism, shouldn’t we turn over the billions in Social Security to our country’s struggling investment community? Surely we can trust their business acumen. I wonder why politicians aren’t talking about that anymore.
Indeed.
On Feb 10, 2008, Karla said:
Definitely makes you think, doesn’t it?
On Feb 10, 2008, lynette said:
no, we should not. witness what has happened recently with the stock market losing a large portion of its value. the thing about social security as it is now is that it is guaranteed. people have something they can plan around.
the privatization of social security through investments made by individuals in wall street accounts is simply another effort by the bush administration to provide a huge boon to the investment companies, similar to what happened with medicare part D.
that was welfare for drug companies. privatization of social security is welfare for investment companies.
what we MUST do is quit robbing social security to fund the budget RIGHT NOW. the american people are, on the whole, correct in their assessment of the bush privatization plan as not in their best interests.
if the investment community is struggling it’s their own fault. the subprime debacle was made and marketed on wall street. there is a saying on wallstreet: “YBGIBG.” It means “you’ll be gone, i’ll be gone,” and it’s used to justify every shaky investment vehicle on the street. the subprime mortgages were sold with the intent of passing the loss on to someone else. that will ultimately be US taxpayers.
so NO. trust those people to do the right thing without any kind of oversight or regulation? hardly. no. no. no. no. struggling investment community. makes me choke to say it outloud.
omg, and i just read “trust their business acumen?” and that just convinces me that he must have written that as a joke.
sorry for the rant on what was obviously meant to be funny. wasn’t it?