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How about privatizing Social Security and linking it to Wall Street and Stock Market ?
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10-13-2012, 10:40 AM
Post: #4
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LOL! GW Bush came to office desperately wanting to privatize SS, but even his fellow Republicans wouldn't hear of it. Bush said he only wanted to privatize 1/6 of the SS funds, but he never explained how he would replace that 1/6 of money going out to recipients.
At the same time (early in Bush's first term) there were a number of scandals on Wall Street--brokerage houses doing insider trading, recommending stocks they knew were crap and then betting against their sucker investors, manipulating stock prices, etc. etc. Democrats wanted new reforms and re-regulation but Bush insisted no re-regulation was necessary, that Wall Street could regulate itself. This played a big part in the worst financial meltdown in 80 years, which happened during Bush's second term. Republicans STILL aren't able to take responsibility for this catastrophe. They still insist that somehow Obama is responsible for it, even though it happened more than two years before he came to office. Under the circumstances, though, aren't you glad Bush's plan failed? |
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Messages In This Thread |
How about privatizing Social Security and linking it to Wall Street and Stock Market ? - Top Contributor - 10-13-2012, 10:32 AM
[] - Mr. Smartypants - 10-13-2012 10:40 AM
[] - Leslie Goudy - 10-13-2012, 10:40 AM
[] - Vladimir Lenin - 10-13-2012, 10:40 AM
[] - rope a dope - 10-13-2012, 10:40 AM
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