Be INFORMED

Thursday, September 18, 2008

John McCain On Social Security

  Mr. flip-flop has said at one time that he has never said that he was for privatizing Social Security, which we all know by know is a lie.

  I bring this up because of the problems this past week with Lehman and the other investment firms who have gone bankrupt or have been bailed out by the government recently.

  Just suppose that you had one of those private accounts which was being managed by Lehman or whoever. What do you think that account would be worth now with the company having no cash?  would you really like to see your 401k plan reduced to pennies, if that much, because some greedy brokers pissed away your money on risky investments? I would think not. I know that I wouldn't like it.

  Also keep in mind that the financial sectors problems are showing up now due to some of the deregulation laws which John McCain supported.

 

Barack Obama's new ad on McCains Social Security votes. McCain gets ran over on this one.

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