For example, the people who went out and took out loans they couldn't afford...
The speculators who went out and flipped condos...
There was an interesting article in one of the local alternative papers about realtors who were condo'ing and flipping three-deckers in Worcester who are now hung out to dry because they price of a unit is falling from the ridiculous ($150,000 for one-third of a three-decker) to the merely overpriced...
You can actually look at what is happening in the stock market in the US and those around the world today and say we'd be better off with privatization instead of Social Security?
As I stated, it's my belief. The only "proof" that I have is my own observations of how, in the past this has worked for other governments.
See- Brazil in 2001 when Lula was elected; Venezuela when Chavez got elected; Argentina with the election of Kirshner last year. All populists. Ratings all tanked. When Lula got into office and didn't do what he'd said he'd do (i.e. implement redistribution of wealth policies, like what Obama is promising) the country bounced back and is now investment grade.
My argument is, that it is MY OWN PERSONAL BELIEF as a student of international politics, economics and affairs- and as someone who works with these matters on a daily basis- that, part of the reason people are reluctant to invest has to do with uncertainty of an Obama presidency. Will he raise capital gains tax? no one knows. Will he rescind international trade agreements unilaterally? no one knows. He has stated all these things before, correct?
People who invest in the stock market are, before anything else, capitalists. They are investing to make money. They're not going to invest if they think the returns won't be worth it. They'll do something else with
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Mom... please show me proof that the interest on bonds matters.
Toots... NO WHERE does Obama say it's going to be capped...
a lower rate is not the same as "capping" it...
As for privitization, it still works.
No, actually they sit at all levels...
For example, the people who went out and took out loans they couldn't afford...
The speculators who went out and flipped condos...
There was an interesting article in one of the local alternative papers about realtors who were condo'ing and flipping three-deckers in Worcester who are now hung out to dry because they price of a unit is falling from the ridiculous ($150,000 for one-third of a three-decker) to the merely overpriced...
You can actually look at what is happening in the stock market in the US and those around the world today and say we'd be better off with privatization instead of Social Security?
Even more reason to give Clinton the credit for at least one.
Toots... here, once again is the Obama proposal... WHERE does it say there is a cap?
As I stated, it's my belief. The only "proof" that I have is my own observations of how, in the past this has worked for other governments.
See- Brazil in 2001 when Lula was elected; Venezuela when Chavez got elected; Argentina with the election of Kirshner last year. All populists. Ratings all tanked. When Lula got into office and didn't do what he'd said he'd do (i.e. implement redistribution of wealth policies, like what Obama is promising) the country bounced back and is now investment grade.
My argument is, that it is MY OWN PERSONAL BELIEF as a student of international politics, economics and affairs- and as someone who works with these matters on a daily basis- that, part of the reason people are reluctant to invest has to do with uncertainty of an Obama presidency. Will he raise capital gains tax? no one knows. Will he rescind international trade agreements unilaterally? no one knows. He has stated all these things before, correct?
People who invest in the stock market are, before anything else, capitalists. They are investing to make money. They're not going to invest if they think the returns won't be worth it. They'll do something else with
Privatizing social security does not equal making risky investments. It means YOU get to decide what to do with YOUR retirement money.
Anyone who
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