Considering the present rollercoaster ride the markets are on, how'd you like to have your retirement account tied to that insanity?

http://www.truthout.org/article/mccain-wou...social-security




Well elect John McCain, and that's what you'll have. He'll resurrect that fawking horrible BushCo idea. You'll also have the elderly literally dying on the streets the way they used to.

Is that the country you want to build?

Hey, it isn't just McCain that's bound and determined to destroy the middle class.

Congress has said NOTHING and done nothing about Americans 401K plan being trapped in 'tax penalties and fees'. So Americans are watching their retirement plan turn to 'dollar dust'.

It's never the Republicans fault.

Herbert Hoover: My fellow citizens, the most important issue before the American people right now is to overcome this crisis. What our people need is the restoration of their normal jobs, the recovery of agricultural prices and of business. They need help in the meantime to tide them over until these things can be accomplished and that they may not go hungry nor lose their farms and their homes.

Now I wish to present to you the evidence that the measures and the policies of the Republican administration are winning this major battle for recovery, and we are taking care of distress in the meantime. It can be demonstrated that the tide has turned and that the gigantic forces of depression are today in retreat. Our measures and policies have demonstrated their effectiveness. They have preserved the American people from certain chaos. They have preserved a final fortress of stability in the world.

Recovery would have been faster but for four months of paralysis during the spring months while we were defeating proposals of the Democratic House of Representatives.

Much has been accomplished despite the opposition of selfish groups and sections of our country and the unwillingness of a Democratic House of Representatives to cooperate, and much more must be done. The Democratic candidate says we have been extravagant, and in his various statements implies that we should make a defense of our actions. There will be no defense because none is needed.

Source: Courtesy of the Herbert Hoover Library.

And the critical thing tho look at there is the Chilean test case. They tried all this lunatic Chicago School crap down there, and it fucked up millions of people's lives, and parked their economy in the toilet. Only now are they beginning to emerge from that rightwing privatization hell down there.

The answer is obvious. America needs to create new opportunities in high tech areas like carbon paper and Xerox machines.

Energy requirements must be met with new alternatives, such as trees, coal, and peat moss.

We require a move to high efficiency vehicles that run on hay and horseshoes; Dirigibles and steam powered iron horses are the way of the future for mass transportation.

A new Apollo project will be established to create a modern communications network based on "smoke and blanket" technologies.

And is slavery really such a bad idea? Isn't job security important to working families anymore?

My dear friends, God bless the the United States of America; all thirteen of them.

My 401(k) and IRA are much larger than any money I'll ever get from Social Security, so my retirement account is already tied to that "insanity." The prior bull market began in Oct 2002, and lasted until Oct 2007 - about 5 years. That's pretty typical. During that time, the S&P increased about 800 points (about 100%). Since the peak, the S&P has given up about 400 of those points (about 25%). Again, this is fairly typical, to give back about half of the bull market's gains. Point being, this "insanity" we've seen thus far is nothing more than the market acting as it has for a hundred years.

Now, there is no doubt this is the worst financial situation I've seen in 20 years, and probably the worst since the Great Depression, so who knows how much longer it can last. One thing I try to keep remembering is that bear markets don't end with good news, they end with the bad news. And we've certainly had plenty of bad news lately.

Human death and misery on America's streets? The Republicans will be having multiple orgasms. They might actually stop sodomizing children in Abu Ghraib for a moment to masturbate over the dead bodies of elderly Americans.

Always looking on the bright side, Adam....

Well... isn't this the logical conclusion? Don't think for a moment that Ripley's Aliens would hesitate at an opportunity like this

It's absolutely logical! I was not disputing the inherent truth of your assertion. Simply noting your naturally cheery disposition.

And I think their fate should be much like Burke's.