I get nervous when Obama makes a strong promise. "I will take a backseat to no one on net neutrality." It is a signal that he is ready to compromise (cave).
Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Doug Henwood Sent: Saturday, August 14, 2010 6:23 AM To: Progressive Economics Subject: Re: [Pen-l] Social security On Aug 14, 2010, at 9:12 AM, Anthony D'Costa wrote: > "I'll fight with everything I've got to stop those who would gamble your > Social Security on Wall Street," Mr. Obama said on Saturday in his weekly > national address. "Because you shouldn't be worried that a sudden downturn in > the stock market will put all you've worked so hard for - all you've earned - > at risk." > > http://www.nytimes.com/2010/08/15/us/politics/15address.html?src=un&feedurl=http%3A%2F%2Fjson8.nytimes.com%2Fpages%2Fpolitics%2Findex.jsonp > > What is he referring to? Possible privatization of SS? What will be the > mechanisms for this outcome? Obama's labor appointee to the deficit commission, Andy Stern, has endorsed the idea of putting SS funds into stocks - not via private accounts, but presumably by government-run index funds. I'm not sure I believe Obama when he says this. Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
