Read a Pacific Northwest, liberal perspective on world, national, and local politics. From majestic Redmond, Washington - the Northwest Progressive Institute Advocate.

Sunday, September 21, 2008

About that Social Security privatization plan...

Now that the Bush Administration has announced a trillion dollar bailout to prop up the floundering economy, is there anyone out there who thinks privatization of Social Security is a good idea?

Let's not forget that Bear Stearns failed and got bailed out. And Fannie Mae and Freddie Mac. Then Lehman Brothers failed and filed for bankruptcy. Then the Fed dished out $85 billion to help keep AIG afloat.

So who still thinks it's a good idea to let the captains of industry, who drove major financial institutions into the ground, manage your Social Security?

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