It's called "privatizing Social Security" - but that's not what it really is. A side effect of Bush's plan is the government takeover of the stock market.
Think about it. With two trillion dollars of buying and selling power the federal government - or the private parties who are doing the government's investing - become, by a factor of 100, the biggest single investor in the world. And I doubt that anyone will ever make a stock decision without wondering what move the government is going to make.
Besides - who is going to enforce laws and ethical standards against the government? The government? The possibilities for insider trading are endless. And how do you feel about the idea that the single biggest owner of "free enterprise" is the government? Isn't that an oxymoron?
Because the market goes up over time doesn't mean all investors make money. There are winners and there are losers. There is nothing out there that will ensure that the government doesn't lose it all. The market is a gamble and if you don't understand that - you don't understand the market.
Bush proposes that we are going to borrow two trillion dollars to gamble in a market that will be completely changed by this new super investor. And we are going to borrow that money from Muslin Saudi oil barons - some of whom are members of the family of Osama bin Laden - and the rest is going to be borrowed from the Communist Chinese.
This merger through the market of the government and private industry is like an elephant merging with a fly. The government is going to own or at least control the purchasing of huge amounts of private sector stock and become significant owners of many large free enterprise organization. Will the government end up picking members of the board of directors - or influence who is picked, perhaps even innocently? After all - companies are going to want to attract Uncle Sam as an investor and structure their organization in a way that the government likes. It make me wonder how these corporations will change once Uncle Sam becomes the company's biggest share holder.
And the insider trading ... what will that be like. If the FDA decides not to approve a new drug - will the FDA tip off the Social Security Fund? Or - will they keep the secret and let the government lose billions of dollars of our retirement money?
The stock market creates competition, and some people win and some people lose. In this case it pits the government against all other private investors and someone is going to win and someone is going to lose, and guess who has the advantage?
And let's suppose the government does well in the market and makes a big profit on our social security money. Wouldn't that be wonderful? Not necessarily. It might mean that investor lost a lot of money and the same old people who benefit from social security would lose their private investment to make up for it. Government wins - private industry loses - hardly sound like free enterprise to me.
But what if the Government loses? Then you have private investors getting rich at the expense of the taxpayers. If the government blows it's wad on the market - the still have to pay back the Muslim terrorists and the Communists who loaned them the money in the first place. They will probably have to borrow the money from the investors who screwed them out of it.
To me the very definition of "free enterprise" means free from the government. After all - what else does the word "free" mean? If the government is your owner you are not free. You are in fact a slave. And the government server as owner, employer, and pickpocket all at once. They have your credit card and are running up the bill. We now have a $36,000 birth tax in this country. That's your share of the debt from the moment you are born. Thanks Bush!
What I can't understand is - where the hell are the conservatives? Doesn't this debt make your skin crawl? The government is everywhere and they are expanding and taking over. They are already in your churches and now they want to own the company where you work? Why the hell aren't you freaking out?
It's a never ending cycle and it reminds me of the song "Sixteen Tons" by Frankie Lane that ends in, " St Peter don't you call me I cause can't go: I owe my soul to the company store."
And just think of all the lobyists from the mutual funds who want to be included in the plan, and all the billions of dollars they will give to politicians, both above and below the table. This has got to be the biggest scam in the history of corruption.
Sounds like we are living in a Fascist State to me. When will the true patriots, i.e. defenders of The Constitution of the United States of America, wake up and call these Neo-Fascist Warmongers to task for trampling our Sacred Document, tearing apart the fabric of Democracy, rendering the Executive Branch unto the Dictator Branch, stealing the U.S. Treasury broke........????????????
Posted by: J. B. at February 25, 2005 02:08 AMWe are living in a Fascist State. Period.
Posted by: kent at October 18, 2005 02:37 PM