Why Democrats Will Target the Investor Class in 2009

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And I suspect once the Dems get their hands on these retirement accounts the money will flow into more pork, with the promise that the Government will repay these retirement accounts.
Sound familiar? Sound like the candy store called Social Security that was drained to help all us sheep out.
Why would we trust a politician wanting to get their hands on our retirement funds who know nothing about investing and everything about spending.

Lars of MI 9:24AM October 30, 2008

And I suspect once the Dems get their hands on these retirement accounts the money will flow into more pork, with the promise that the Government will repay these retirement accounts.
Sound familiar? Sound like the candy store called Social Security that was drained to help all us sheep out.
Why would we trust the opinion of a politician wanting to get their hands on our retirement funds who know nothing about investing and everything about spending.

Lars of MI 9:23AM October 30, 2008

Being married and becoming parents has turned neither my husband, nor myself into Republicans. Nor, have our investments. And, of course, as we've raced to pull out of various investment funds -- because of the giant sucking sound -- we've only become more convinced that the "investor class" bleating is nothing but a scam to suck money from middle income people into what is clearly a rich man's game. The Democrats won't have to do much. People watching their retirements evaporate, as they struggle to pay their medical bills, and lose their pensions, should disabuse even those most beguiled by the mantras of free market fundamentalism. Hell. Even Alan Greenspan has had to admit that he was wrong. Wake up and smell the coffee. Your party with other people's money has come to an end.

Curmudgette of PA 9:19AM October 30, 2008

Especially while millions of people's 401K nest eggs are still falling in value and the bottom is not yet in sight.
Is a government guaranteed 3% better or worse than a gamble of more or less or maybe none?
That suggested 3% is not carved in stone at this time. If it ever were to come about, that figure would be negotiated and how arrived at would have to be thrashed out.
And it would have to be an option only.
If one opted to invest 100% of their retirement plan in the stock market instead of the guaranteed retirement fund, that option would certainly be available.
Like the various health care plans being proposed, the guaranteed retirement plan would have to be optional.

HillbillyBill of TN 6:47AM October 30, 2008

Especially while millions of people's 401K nest eggs are still falling in value and the bottom is not yet in sight.
Is a government guaranteed 3% better or worse than a gamble of more or less or maybe none?
That suggested 3% is not carved in stone at this time. If it ever were to come about, that figure would be negotiated and how arrived at would have to be thrashed out.
And it would have to be an option only.
If one opted to invest 100% of their retirement plan in the stock market instead of the guaranteed retirement fund, that option would certainly be available.
Like the various health care plans being proposed, the guaranteed retirement plan would have to be optional.

HillbillyBill of TN 6:47AM October 30, 2008