Saturday, August 14, 2010

Weekend posting

Hey folks, sorry for the slow posting over the weekend. It's not really a matter of time as opposed to something interesting to write about. I'm still looking at the social security debate, but honestly, both sides of the argument are probably lying. The problem with today's republican party, they cannot be believed - the have no credibility on any issue whatsoever. Sometimes I think they lie when telling the truth would be easier.

So, if the republicans tell us that privatizing social security is a good thing, why should we not believe they are propping up more Fannie Mae, Freddie Macs, and Enrons? I'm as big a capitalist as anybody and love when big companies make big money because that means lots of jobs. But the last two market crashes were caused by monetary incompetence and negligence. Are these the people we want to invest our social security in? Conversely, it could be we focus on the exceptions rather than the rule. Maybe the pareto principle is in the works here - 80% of all problems are caused by the same 20% of companies. Meaning, most companies should be safe investments. Objectively, that could be true. But it would also have to mean 20% of these companies could put us all in the poor house. After all, they've done it twice in the last 20 years.

Stay tuned -

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