Thursday, June 23, 2005

Bush and Privatization

Bush obviously doesn't have a plan on Social Security that he wants the public to know about, and so long as he can keep on talking about privatizing Social Security he can keep the people distracted enough not to demand one.
The Republicans have never liked Social Security, at least that part of it they have had to pay out. They like that part that comes in that they can spend on fat government contracts given to their buddies.
Social Security has also bailed them out of deficit territory in the past, such as when Ronald Reagan gave huge tax cuts to his rich buddies and then later had to turn around and make up that difference by raising Social Security taxes.
The whole subject of taxes is interesting--the Republicans have attacked the Democrats with slogans such as "the Democrats tax and spend" as if that were a bad thing; I find it a better solution to the Republican's "borrow, spend, and borrow-spend-some-more" way of dealing with budgets. The Republicans end up creating huge deficits, which the Democrats have to deal with afterwards.
The Republicans also came up with the slogan "people are better at spending their own money than the government is". The "people" they are referring to are their rich friends, not the poor and middle class "people"; and as far as spending goes the Republicans end up spending much more than the Democrats do, if you look at the deficits they run up.
The privatization scheme itself got me to thinking--what are the Republicans up to? They don't do anything for the middle-class, so who benefits by privatizing?
The "rich" of course--CEOs, big investors, stock brokers, financiers, etc. If you look at the Stock Market's past history you will notice up until the 1980's its curve was fairly level, then wham--it started to take off at a steep incline. What happened to make it do this? Why, 401k plans started to invest their money in the Stock Market and everyone got into the act--and Bush is looking to do more of the same with privatization. What a "cookie jar" that would be to rob! Remember Tyco, Enron and others? And who is heading up the SEC? Why, one of Bush's buddies of course. Kind of like the fox guarding the hen house. By the way George, what about those records about Harken?

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