Good morning everyone!
John McCain supported the privatization of Social Security. While I strongly and emphatically opposed such a notion, I honestly don’t mind disagreeing with the other side on actual policy. I was thrilled beyond words that President Bush’s odious effort failed spectacularly, but at least it was a discussion of actual policy. Score one for intelligent discourse and all that.
But remember how this privatization was going to work. These people wanted to hand over control of a large portion of Social Security to the very same firms that are either out of business, going out of business, or in danger of going out of business.
Guys, we need this to be the number one talking point.
I do not enjoy watching firms like Bear Stearns, Lehman Brothers, and Merril Lynch go down. That’s going to cause a lot of pain. But these are among the firms that would have handled those “private accounts.”
Guys, this isn’t rocket science. If Bush and McCain got their way in 2005 we would be completely and utterly fucked. To a point, we would have wound up de-privatizing those portions held by Bear Stearns and watched Lehman Brothers unwind into oblivion.
Hammer this! I simply cannot believe how short a time it has taken (three years or so) for simple human events to prove what a ridiculous (and insane) idea privatizing the social safety net was.
John McCain voted to privatize Social Security, at least in part. Well, whatever part that would have been would be worth pennies on the dollar. This man has the chops to lead on the economy? My ass!