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+--- Thread: Bush encourages citizens to invest in stock market instead of Social Security. Did you follow his advice? (/thread-7030.html)
Bush encourages citizens to invest in stock market instead of Social Security. Did you follow his advice? - handyrandy - 10-12-2012 09:24 AM
How much have you lost?
I'm collecting my Social Security now
Not too sure about my Union pension tho. That was in the stock mkt. Maby i"ll have to unretire
- vtjames7433 - 10-12-2012 09:32 AM
That is NOT exactly what he advocated and you know it
- Mr. Naked - 10-12-2012 09:32 AM
It wasn't allowed. Stocks may go down but they will go back up eventually. The U.S. Government never stops stealing the money out of the Social Security Trust however. Right now, there is nothing there at all but an IOU.
- DAR - 10-12-2012 09:32 AM
Does that mean he's stopping making us pay SS tax? I would have invested it as I did other things. Not, currently, in stocks. (Although I'm just about at the point of looking for bargains....)
- Liz in MI - 10-12-2012 09:32 AM
Historically the stock market has recovered before and will again. But remember the saying 'don't put all your eggs in one basket' .
- T.J. - 10-12-2012 09:32 AM
Right now could be one of the best times to get into the market.
I agree with the first post... he DID NOT mean it like this. And stop blaming Bush for all the problems. Congress and Senate (people YOU elected to represent you) hold the power.. you want to point fingers you better have more then ten to do it with.
BTW... I"m in the stock market atm... sold before it went really low but lost a lot tbh... looking to invest more very soon.
- Fancy That - 10-12-2012 09:32 AM
Bush did target Social Security to pay for the Iraq war, and tried to peddle some snake oil about letting people invest in the stock market instead.
I rejected his arguement for the simple reason that this crash was foreseeable and predictable, given the GOP's handling of the economy.
BTW, in 1999 we also predicted that if Bush got elected, the nation would be faced with War, Deficit and Recession.
"Oh no' said the righties "That won't happen".
haha. The best validation of a theory is if you make predictions based on that theory and they come true.
- nicrage - 10-12-2012 09:32 AM
'instead of social security'???/ that makes no sense at all.
Are you aware that he has been trying to increase oversight to freddie mac and fannie may since 2003, but it has been blocked by democrats?
How do you feel about that?
http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&scp=2&sq=freddie+mac&st=nyt
- twilight - 10-12-2012 09:32 AM
You are so right about that. He tried to privatize social security and told the people this outright on television which of course, left a bug in everyones ear that they should be investing in the stock market as a means of better retirement.
It was a setup....how sad.
- mark32541 - 10-12-2012 09:32 AM
Just how do you invest in Social Security ?
You mean they allow you to choose how much money you pay into SS ?
When did they start that policy ?
Or are you trying to fool us ?