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Imagine in Bush and McSame had been allowed to

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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 02:29 PM
Original message
Imagine in Bush and McSame had been allowed to
privatize Social Security. Thanks for bringing this to the fawning corporate Greedia Sherod Bwown.
Repeat, repeat, repeat!
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 02:34 PM
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1. I only HOPE that all Americans are thinking that same thing!
MOST older people already KNEW things like this happen to the market, but many younger people have never seen anything like it and all they saw were the people who made LOTS of $$ on Wall Street and they thought you could never lose! I hope their eyes have been opened!
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Journeyman Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 02:36 PM
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2. I've come to realize this wasn't so much a scheme to privatize Social Security. . .
as it was a plot to keep the market and banking corporations afloat by infusing cash in an effort to hide their incompetence. It might have worked, too, short time, but eventually -- as we're now seeing -- the house of cards would crumble and all their folly would be laid bare before our eyes. Fortunately, our retirement security wasn't rooked into this unforgivable crime.

Tell everyone you know -- McCain tried to send our Social Security into the black pit of Wall Street's criminality.
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 02:41 PM
Response to Reply #2
3. I've been reading those threads and suspect that you are correct
Here's McDeregulator

http://www.nytimes.com/2008/09/16/us/politics/16record.html?_r=1&hp=&pagewanted=all&oref=slogin

Mr. McCain’s reaction suggests how the pendulum has swung to cast government regulation in a more favorable political light as the economy has suffered additional blows and how he is scrambling to adjust. While he has few footprints on economic issues in more than a quarter century in Congress, Mr. McCain has always been in his party’s mainstream on the issue.

In early 1995, after Republicans had taken control of Congress, Mr. McCain promoted a moratorium on federal regulations of all kinds. He was quoted as saying that excessive regulations were “destroying the American family, the American dream” and voters “want these regulations stopped.” The moratorium measure was unsuccessful.

“I’m always for less regulation,” he told The Wall Street Journal last March, “but I am aware of the view that there is a need for government oversight” in situations like the subprime lending crisis, the problem that has cascaded through Wall Street this year. He concluded, “but I am fundamentally a deregulator.”

Later that month, he gave a speech on the housing crisis in which he called for less regulation, saying, “Our financial market approach should include encouraging increased capital in financial institutions by removing regulatory, accounting and tax impediments to raising capital.”

McSam'e own words are a noose!!
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