Republicans. Aren’t you glad G W’s plan to privatize Social Security by investing in Wall Street was defeated?
February 2, 2011 by Social Marketing Superstar
Filed under social marketing plan
Can you imagine the financial devastation to Americans had the Bush / GOP plan to allow Social Security funds to be invested in the stock market had been implemented?
Betsybay: FYI
http://zfacts.com/p/488.html
yo, the stock market rebounded…..made a ton…you might try it someday, and give up hope that the dems will”ever” have a thing to do with your future prosperity
i think it should be privatized. Not in stock markets. stock markets are risky. money for hope of a bigger reward. i never knew Bush wanted to put it in the Stock market that’s news to me
all the criminals on walls street are making out(like the guy in the first post), the good honest decent Americans are the ones who will suffer
Great point!
And to phttt…. Rebounded!?! Are you insane!?! The market has been bailed out by the government, who is using borrowed money to do it, and by foreign countries, who will now take any profits! This will not benefit the US at all in the long term, or even the medium turn. It is paying off one credit card with another.
The problem with our economy is that we don’t produce anything anymore. Unemployment is skyrocketing and will continue to do so because of outsourcing of industry and insourcing of foreign labor, legal and illegal.
You haven’t been following the market for very many years, have you?
As far as I know, over the long run, stocks have historically outperformed other kinds of investments by far. I don’t think that has changed. If Social Security had been privatized a long time ago, I think it would be solvent for at least the next 50 years.
Not that I have any investments, except in my home, which thank God, we bought at a modest price before prices went crazy-up, and then crazy-down. Unlike most homes here, we don’t have a fireplace or a sauna, or any bells and whistles (even the appliances are old), but it serves its purpose well. And we don’t live in one of the many McMansions that have popped up around here in the last several years.