This is EXACTLY Why Bush and McCain Wanted To Privatize Social Security

[WeDidIt]

It had nothing to do with "saving Social Security".

It had EVERYTHING to do with saving the finance industry long enough for another election to slip through. They knew back in 2005 there was no way the finance industry would survive through the next election without a major infusion of cash, so the intent was to raid the Social Security Trust Fund to prop up the bogus finance and investment market.

They were planning on stealing everybody's retirement in order to make their cronies RICHER and prop up the economy long enough to put one more Republican into the white houes. After that, they use the powers from the Patriot ACt and the DHS to enforce virtual serfdom on the working class forever when the civil unrest erupts.

[stopbush]

1. How right you are.

More stuff we'll never hear in the MSM.

[sandnsea]

2. $9 trillion debt? There's no trust fund

They wanted the FICA that people are paying NOW. They want everything.

[WeDidIt]

3. That's the trust fund

That I trust my money will be there when I retire.

:mad:

[sandnsea]

9. The trust fund is what I paid in

for the last 20 years. It's the money the fed borrowed to spend, while giving tax cuts to the wealthy. A smaller portion of FICA is going to the "trust fund" every year. It will be back to paying retirees only, fairly soon.

[Tangerine LaBamba]

4. Absolutely

Your analysis is, I think, dead right on. It's that simple.

Can you imagine the situation today in this country if they'd gotten away with their devious plans? It would be bedlam.

[WeDidIt]

6. No, it wouldn't. Had they infused the rotten system with the SS cash

everything would be rosy red on the outside and nobody would worry about the economy.

Meanwhile, on the inside, the apple would be nearly completely eaten. In two years time would come the bedlam.

[Tangerine LaBamba]

10. You think so?

I think that infusion would have only accelerated their antics, and the fall, perhaps, might even have come sooner.

Nothing like that rush you get when your pockets are lined with other people's cash.............

[WeDidIt]

12. ABSOLUTELY!

HAd they infused the billions of dollars into the finance and investments sector, it would ahve propped up these idiots for at least two additional years. Possibly as many as six or seven.

[Mojambo]

5. Bush AND McCain. n/t

[WeDidIt]

8. OP Edited appropriately

You are, of course, spot on.

[Fresh_Start]

7. I also believed it was intended as a bonanza for wall street

and to hell what happened to living breathing Americans

[Old and In the Way]

11. Yup....a ready source of real cash that would keep the paper engine fueled.

They could see the liquidity crunch coming. I'll bet that, if you research the past 5 years, Phil Gramm was also pushing privitizing SS hard. Because he knew what this deregulation would do to the markets. We got 100's of trillions of bogus paper assets that have been leverabed on a few trillions of real assets.

[Guy Whitey Corngood]

13. Are you seriously accusing George Bush of

knowing anything???? :evilgrin:

[WeDidIt]

16. No, I am accusing Paulson of running the numbers. n/t

;)

[Guy Whitey Corngood]

17. Wheeewhh, OK it's just that for a second there I thought.........nt

[DURHAM D]

14. Look again.

Obama has indicated he will consider privatizing SS. If you think Obama (and the other Dems in the leadership like Reid and Pelosi) are going to stop this march you need to think again. Not privatizing SS is a 20th century Democratic idea with only a few real elected Dems against it.

The very first conversation I ever had with an ardent Obama supporter (21 year old male) back in February or March of 2007 told me that SS would be privatized. I asked him what he was talking about and he said he learned it as part of the training to become an Obama fellow. I pushed him for details and he acted like I was stupid because I didn't already understand that SS had to go because the baby boomers were going to bankrupt the country. I watched as this young man worked through my neighborhood pub recruiting the under 30 crowd with this particular talking point.

[Vincardog]

15. Speak truth to power!

[tnlurker]

18. I have been thinking this same thing all week.

Imagine where we would be in a few years if we had fallen for it.

[chill_wind]

19. And exactly why, now, more than ever, Americans won't go for it. n/t

[The Backlash Cometh]

20. I think we knew that.

i.e. Enron stocks being purchased by Florida's teacher union, even after Enron was tanking.

[Liberal Gramma]

21. You win first prize for best analysis.

They must have known a meltdown was coming and social security funds would shore up the market for the investors for a while. The housing market has been one huge ponzi scheme for about a decade, and even those of us who aren't financial wizards knew eventually it would fall.

[pacalo]

22. KR&Bookmarked.