Ha, ha….when things get hot the DimLibs start acting like conservatives, ha ha.

My position is perfectly consistent.

People should be able to invest in whatever they want to for retirement.

Those young employees ARE NOT investing much into anything however, which is why the CONs want to let them speculate with their forced savings.

The national government pension and insurance program that is Social Security should not allow speculative investment in the stock market.

It is too risky for a safety net program like Social Security.

It’s very simple really.

Does Capn have the ability to make non contradictory statements to support his argument?

In one post pasted above he laughs at the idea of having social security benefits privatized (due to the recent stock market crash)

But read his next post

“This is a buying opportunity…”

And the next post he thinks that now is a buying opportunity (suggesting that he thinks that the stock market will go up from here)

Which is it Capn? If now is a good buying opporunity then it is a good time for long term investors to privatize their social security benefits.

Does Capn now support social security privitization because Obama is president?

Furthermore, anybody with common sense at their disposal knows not to be in the stock market when you are nearing retirement.

The idea to privatize social security appeals to YOUNGER workers. You know the kind who are in their twenties and have 30-40 years before they retire?

If this time is the time to buy as, Capn says it is, then even Capn has to admit that the market downturn right now will not affect those who are many years from retirement. Such individuals are the only ones who would want to privatize their social security benefits.

Nice try Capn.

Thanks for all the wonderful but useless information on John McCain. Actually, I did not know that this thread was about John McCain. I thought this thread was about president-elect Barack Obama and the “hissing” from Wall Street since his election. My comments are directed to our future president not some runner-up.

Does Cosmos not know that November 4th has come and gone?

I will keep in touch on occasion with the blogs because I do care about Kansas.

That’s the fact.

Your post is just whining and arm flailing.

http://www.robbycleary.com/zz/1978/20081031a.html

The rich aren’t paying enough taxes! Isn’t that what we heard from Obama during the entire campaign?
———–

McCain was agin the temporary 39.6% to 36% tax cut for the wealthy, but during the campaign he was fer making it permanent. And he attacked Obama for ending what he (McCain) was earlier agin.

“There’s one big difference between me and the others – I won’t take every last dime of the surplus and spend it on tax cuts that mostly benefit the wealthy.” [McCain campaign commercial, January 2000]

“I am disappointed that the Senate Finance Committee preferred instead to cut the top tax rate of 39.6% to 36%, thereby granting generous tax relief to the wealthiest individuals of our country at the expense of lower- and middle-income American taxpayers.” [McCain Senate floor statement, May 21, 2001]

“But when you look at the percentage of the tax cuts that – as the previous tax cuts – that go to the wealthiest Americans, you will find that the bulk of it, again, goes to wealthiest Americans.” [NBC’s “Today,” Jan. 7, 2003]

36% on > $250k = McCain’s ‘Country First!

39% on > $250k = Obama’s (and Bill Clinton’s) SOCIALISM!

This is a buying opportunity as we shift from total fiscal irresponsibility under BushCo to policies of sustained growth under a president with an actual brain.

Look at the economy and the markets under Clinton-Gore when they raised taxes and paid down the debt.

750,000 thousand new jobs a month. Stock market at record highs.

Then in addition to my retirement funds being down 40 percent, my Social Security would be down an equal amount.

Remember what they said about “don’t put all your eggs in one basket?”

WPE Bush wants us to put ‘em all in one basket.

Easier to steal that way . . .

OMGORSH! The investor class is protecting their money from taxation and it’s leading to a crash–just like in 1960 when it taxes on the rich were 90 percent, right?

How stupid do you have to be to think that wealth can be miraculously created for all just by cutting taxes on a few?

how very patriotic.

They love america when they get the handouts. The responsibility part? not so much…

You are correct.

For all of Bush’s de-regulation and cutting taxes for the rich, NOTHING trickled down, even to traditional investors in stock funds.

This market is worse than the Nixon-Carter slump in the 70’s. That downturn only lasted four years.