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Kent I agree with you, In fact I would be willing to let the government
have all the social security I have paid in...if they would release the
remainder of my payments for my own investments. I can make better
choices than the return the government will give me!!
Adam
----- Original Message -----
From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, November 09, 2002 9:43 AM
Subject: Re: [RT] One dummy down, more to go....
> Your mindset is typical of the problem with government in this country
> today. Somehow you think it is your responsibility to make sure everyone
> has a good retirement. It isn't.
>
> And no one who advocates privatizing Socialist Security wants the money
> turned over to Merrill-Lynch or Goldman-Sachs. The plan for privatization
> is for people to own and run their own accounts they same way they run
IRA's
> and 401k's. I own my 401k and IRA's. Should those be turned over to the
> government?
>
> I've been doing pretty well with them especially when you compare it to
the
> return from Socialist Security. Sure they have been down for the past 2
> years. But they were up for the 10 years that preceded that. And they
will
> be up in the future. And if they aren't, it's not your responsibility to
> make up the difference.
>
> There is a certain group of Democrats in Congress who want to put
Socialist
> Security money into the stock market and still have it run by the
> government. THAT I totally oppose. That would be the camel's nose into
the
> tent on having government control over corporations. Certain Democrats
> crave that.
>
> You said it best yourself: "I have never seen anything that the government
> does end up with a benefit for the people it is supposed to govern."
That's
> why I want to control my "social security" money.
>
> Kent
>
>
> ----- Original Message -----
> From: "ira" <mr.ira@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Saturday, November 09, 2002 10:20 AM
> Subject: Re: [RT] One dummy down, more to go....
>
>
> The stock market is no place for social security investment. What would
> have happened to the pool the last 3 years? How do you think those on
> social security would like a 30% cut in there income. Many would be
living
> under bridges right now. If you were 70 to 75, no social security,
depended
> upon your assets to live on, how much of your assets would you have in the
> market? Consider that the majority of the investment geniuses are losing
> money and have been in any market except a one way up market. Who would
> they get to run it? Some idiot from academia, an economist or someone
with
> a lot of letters after their name. Then they would proceed to lose the
> equity and blame everyone and everything but themselves. There are 800
+/-
> in this group and I would be willing to bet that there is less then 20%
> that can consistently make money and the rest are trying to glean a way to
> do it.
>
> In the financial statements of the big brokerage firms. I don't believe
> that any of them made anything in their trading accounts. Look at the
firms
> that do billions of dollars worth of business in their own arena and their
> investment accounts are all suffering.
>
> The first thing that the government would do is what they did with IRAs
and
> retirement accounts and say that you can't own puts, you can't short, you
> can't do anything that would allow anyone to think that stocks could go
down
> and hedge against it. You are a traitor and un-American if you bet
against
> the stock markets rise. Sorry didn't mean to get carried away, but I have
> never seen anything that the government does end up with a benefit for the
> people it is supposed to govern. Look at the congresses retirement
package
> and look at ours. Look at who benefits from most of the legislation.
The
> lobbyists with the most money to wave around get their clients the laws
that
> benefit them. If Merrill or Goldman lobbied hard enough, who do you think
> would end up managing Social Security? Not with my money.
> ----- Original Message -----
> From: "dom1_1998" <dominick@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, November 08, 2002 7:43 PM
> Subject: Re: [RT] One dummy down, more to go....
>
>
> > Hi Ira:
> >
> > Privatization of Social Security does not have to be a disaster.
> > Limits to what one can invest in and percentages can be in place to
> > protect the investor.
> >
> > For ex:
> > - Limit of 30% of SS for investing.
> > -Investment products are limited to CD's,Treasuries, Spy, QQQ and DIA.
> > -up to 100% in Treasurys and CD's
> > -up to 25% in any of the other products.
> >
> > No mutual funds or brokers are favored, no money managers and no AMTRAK.
> >
> > Dominick
> >
> >
> >
> >
> >
> >
> > --- In realtraders@xxxx, "ira" <mr.ira@xxxx> wrote:
> > > Privatizing Social Security would be a disaster. I don't want some
> > slick
> > > Enron or Anderson type exec. handling anything I could depend on. The
> > > government is bad, but most privately run agencies are a disaster.
With
> > > luck Social Security could be lucky like Amtrac
> > > ----- Original Message -----
> > > From: "Kent Rollins" <kentr@xxxx>
> > > To: <realtraders@xxxx>
> > > Sent: Friday, November 08, 2002 5:43 PM
> > > Subject: Re: Re[2]: [RT] One dummy down, more to go....
> > >
> > >
> > > > Exactly what is so bad about W's economic team? I would like to
> > hear some
> > > > specifics from Simms and Johnson. Specifics.
> > > >
> > > > They got a massive tax cut though a Democratic Senate and they are
> > working
> > > > to make them permanent and enact some more. They are working to
> > privatize
> > > > Socialist Security. They are working to expand free trade.
> > > >
> > > > Those are positives. What are the negatives?
> > > >
> > > > Kent
> > > >
> > > >
> > > > ----- Original Message -----
> > > > From: "Jim Johnson" <jejohn@xxxx>
> > > > To: "M. Simms" <prosys@xxxx>
> > > > Cc: <realtraders@xxxx>
> > > > Sent: Friday, November 08, 2002 8:29 PM
> > > > Subject: Re[2]: [RT] One dummy down, more to go....
> > > >
> > > >
> > > > Hello M.,
> > > >
> > > > I do agree with you that W's domestic team, esp the econ team, is
weak
> > > > and ineffectual. I hope he cleans house for the good of the US and
his
> > > > administration. But your assessment of there pressure on W is
wishful
> > > > thinking. He is bullet proof for longer than 6 months. The Pitt
> > > > resignation would have had more political advantage for Bush had it
> > > > been done the <day before> the election. It would have shown W to
be
> > > > concerned about corp corruption and all that blather the libs spout.
> > > >
> > > > In my opinion W is perfectly situated for re-election. Market has
> > > > declined in first two years, rates get slashed. year 3 of election
> > > > cycle clicks in soon, maybe already. market rallies into Nov, 04.
> > > > Dem's will put Pelosi in as minority leader. she will embarrass
the
> > > > Dem's every day. Gray Davis will be a persona non grata by Nov, 04
> > > > and W will attempt to retake California. Dem's are already
switching
> > > > parties in the Georgia house. This looks to me like a replay of
> > > > Reagan's reign--tax cuts, economy pops, deficit that doesn't really
> > > > matter
> > > >
> > > > W's vulnerability is that the economy is so broken it won't respond
> > > > normally or there's another terror incident that can be traced to
> > > > missteps of his administration.
> > > >
> > > > that's my wishful thinking :)
> > > >
> > > >
> > > > Best regards,
> > > > Jim Johnson mailto:jejohn@x...
> > > >
> > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
> > > > realtraders-unsubscribe@xxxx
> > > >
> > > >
> > > >
> > > > Your use of Yahoo! Groups is subject to
> > http://docs.yahoo.com/info/terms/
> > > >
> > > >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
> To unsubscribe from this group, send an email to:
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>
>
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>
>
>
>
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