Friday, November 21, 2014

All We Suggest Is A Measley 3%

In 2006 then President, George Bush, flew a trial balloon about Social Security. He wanted a bill passed saying people could contribute 3% of their money into stock market. "No, it's in a Social Security lockbox" screamed the naysayers. "It can't be touched", cried Democrats. The low information crowd said, "Huh"? What a bunch of whale vomit. There's no lockbox. It's empty.

In 2003 this country experienced a recession dropping the Dow to 7,300. Would you care to know that as of today the Dow is at 17,800 and will soon kick in the door on 18,000. Hmmm! A measly 3% of your funds, instead of being wasted on studies to determine how fast mice can go on treadmills, would be in your pockets. How does that make you feel?

I had written a story a little over a year ago about a new law passed to eliminate members of congress from ill-gotten financial gain. In the future members of congress could no more use insider trading legally. If you don't understand how this works it goes something like this: "Nancy, invest in AT&T because it's value is going to jump dramatically". When was the last time you had this happen to you other than never? And I always wondered how Dianne Feinstein and Harry Reid became so wealthy. As is the case these laws are made up of many addendums and bit by bit the insider trading rules have been done away with and the animals are back feeding at the government trough.

Screwed again, guys.

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