+- Twitist Forums (http://twitist.com)
+-- Forum: General Social Media & Marketing Forums (/forum-8.html)
+--- Forum: Social Marketing (/forum-10.html)
+--- Thread: Is this bailout a direct result of the US taxpayers unwillingness to privatize social security? Please read? (/thread-7381.html)
Is this bailout a direct result of the US taxpayers unwillingness to privatize social security? Please read? - Prophet of Zero Gods - 10-12-2012 03:38 PM
If you remember the time frame. I may be off base here but it was early in GW Bush 1st term that the big push to privatize SS failed. Shortly thereafter we had the big deregulation to which everyone now refers. Was all this a liquidity game.
I mean privatizing social security would have resulted in liquidity in the market. That didnt happen so they went the deregulation route intstead.
- Shagnasty - 10-12-2012 03:46 PM
I don't think they are related.
- bereal1 - 10-12-2012 03:46 PM
no
- Ludwig Van Y - 10-12-2012 03:46 PM
Privatizing social security would not have necessarily resulted in liquidity in the market. It may also have vaporized into failed stock.
Why don't you try listening to economists on this one.
- ArrogantDestroyer650 - 10-12-2012 03:46 PM
I think in light of what is happening in the markets privatization would have been more than just stupid; it would have been retarded at best.
This problem runs very deep, we haven't yet reached the rotten core of the apple
- wantonhussy - 10-12-2012 03:46 PM
your question is not honest.
would you prefer I hit you over the head with a brick, or will you smack your head into a brick wall?
how about not privatizing social security and keeping the regulations that had worked well since 1934.
I know that is no longer an option but the re-regulation of the banking industry would help.
- Give&Take 2008 - 10-12-2012 03:46 PM
The bailout is from all the bad mortgages, and crooked practices on Wall St. Also, shorting stocks in a crooked way- not delivering the shares, no more up tick rule, shorting more shares than there are outstanding. Plenty of companies get driven into the ground from this. Mortgages were made to people who the banks knew couldn't pay them, then Wall St. packages them up, with no disclosure to anyone, and sells this garbage. Thats what caused it. No regulation up there. No, I'm not an Obama supporter. I'm voting for McCain, cause he's honest and doesnt just go along with rich people the way alot of republicans do. Obama would be the straw that will break this countries back.
- Sam C - 10-12-2012 03:46 PM
NO, SS has been going down hill for decades and it's thanks to the democrats. They've been running SS into the ground. Soon, we will be without SS and all we've paid into it will be lost. Thank you democrats.
- Gaspode - 10-12-2012 03:46 PM
That is perhaps the longest stretch of imaginary economics that has ever been written. Teach economics do you?
Privatizing Social Security woul have made the mess worse if anything. The market reacts like a flock of turkeys in a thunder storm as it is. Think what it would be like with million more making emotional stock transactions.
GWB is proof of what I've always suspected, and MBA is an admission of low IQ.
I got suckered into hiring a few MBAs, had to fire every one of them for incompetence. The one from Harvard went first. Then I started making some money by using sense instead of scents.