Why Democrats Will Target the Investor Class in 2009

Obama = Karl Marx

Yes, the government must control all, so we can become as poor as the rest of the world.

If the electorate is willing to choose BO as President based on the short-term consideration of a financial crisis that will soon pass, and ignore the long term prosperity of American free capitalism, then America deserves to become poor. With BO as president, America will become poorer, dumber, and get all it deserves.

Brady of OH @ Oct 30, 2008 09:40:47 AM

Same return as social security, right?

All the public needs to be reminded of is the scam surrounding the social security "trust fund". There is no fund. It was raided many years ago by politicians. Your guaranteed retirement funds would be no different. What gov't wouldn't love access to enormous pools of money, thereby making you completely and entirely dependent on big brother?

They can take all your money, then just print more as the bills come due. Brilliant. I have no doubt the dems will try this tact. I also have no doubt they are forgetting there are congressional elections every two years.

denverinfidel of CO @ Oct 30, 2008 09:39:11 AM

Your article is poorly reasonsed

and slipshod. You ignore the fact that the educated classes -- i.e. those most likely to have children and be invested in the stock market -- have broke for and donated to Obama at unprecedented levels compared to their support for his republican rival. You also ignore the past 20 years of history that show the stock market does better during democratic administrations. Whether or not there is a link - and this is debatable - it still calls into question your central thesis that democrats what to "attack the investing class." It seems that given the state of things the current republican administration has done more to hurt the "investor class" than any potential proposal you raise in this article would.

JD of VA @ Oct 30, 2008 09:38:46 AM

Good Idea

So I can get a long term guaranteed real return of 3%, and all I need to do is trust the politicians in Washington D.C.

If I take their current approval rating of 12% on their ability to do thier job properly, and multiply that by the 3% real return they promise, after all they are not at a 100% approval rating in doing their job, and by definition, politicians are untruthful), then I should figure a real return of 0.36%.

Good idea, where do I sign up so I can abdicate my personal responsibility to secure my retirement, and become dependent on some future politicians and presidents to make good on promises they never made.

Ableto of FL @ Oct 30, 2008 09:38:43 AM

A Democrat because of family and investments

Funny. Getting married and having kids turned me into a Democrat. Specifically, it was when the cost of a health plan for my wife and kids cost me more than my mortgage payment.

As for the stock market, why would anyone who owns stock be a Republican? The market performs better under Democrats. Remember the Clinton era? Besides, the market is DOWN since Bush took office in 2000.

But let's not let's facts get in the way of your article.

Jim of SC @ Oct 30, 2008 09:37:00 AM

Err, freedom?

"Is a government guaranteed 3% better or worse than a gamble of more or less or maybe none? "

How about I make that decision for myself and my family instead of Barack Obama who has never worked a day in the private sector in his life?

Mark Buehner of IL @ Oct 30, 2008 09:27:20 AM

yeah right

The flip side of that is that if you privatized social security untold numbers of people would have lost everything and all hope of any kind of existance with the recent stock market. I find the argumnet that higher taxes are going to keep people from trying to make money dubious at best. This is a scare tactic by the 5% that control the vast majority of wealth in America. They want to scare you into thinking that if they don't keep getting richer everyone will suffer. The idea that is emerging now is that maybee if the middle and lower class does better everyone will be better off. If you make 250k a year net I am not going to cry one minute for the extra $7500 a year in taxes you will pay. If you make $250 k you spend more on bar tabs in a year than that. This article is just more propaganda from the rich trying to keep the economic system that is benifiting them soo much, in place instead of changing things to favor the middle and lower classes. I get so tired of this notion that if you are not wealthy you are a free loader. There are millions of Americans that work their butt's off every day that can't make ends meet. Yeah I am sure that to a single mother your crying about the investor class is going to ring through and make her realize that she needs to make sure that the investor class keeps making money.

Liberal of @ Oct 30, 2008 09:27:19 AM

Use of Funds

And I suspect once the Dems get their hands on these retirement accounts the money will flow into more pork, with the promise that the Government will repay these retirement accounts.

Sound familiar? Sound like the candy store called Social Security that was drained to help all us sheep out.

Why would we trust a politician wanting to get their hands on our retirement funds who know nothing about investing and everything about spending.

Lars of MI @ Oct 30, 2008 09:24:47 AM