Home Store In Memoriam Deborah Newsletter Forum Topics Blogfeed Blogroll Facebook MySpace Contact Us About

Social Security Reform: "An Avalanche of Money" for Wall Street

Reported by Melanie - December 9, 2004

Today (December 9, 2004) on Your World w/Neil Cavuto, during one of his regular roundtable discussions, this time on Social Security "privatization," Cavuto turned to guest Jordan Kimmel of Magnet Investment Group and said:

"Jordan Kimmel, if we start seeing that [privatization], that's a lotta money that makes its way to guys like you right?"

Jordan Kimmel responded: "Oh, it's just another, another bushel of money. The money that's been on the sidelines in the bonds. The money that's in Social Security. Again, I think you will see a certain privatization happen. And again, it's an avalanche of money and there's just so much money on the sidelines. That's why the market has been so strong for months now."

COMMENT: There you have it. Bush isn't thinking about you when it comes to "privatization" or "reform" of Social Security. He's thinking about his Wall Street buddies, and they're salivating over "another bushel of money," the "avalanche of money" that will pour into their coffers if the Republicans have their way. (Remember this post. We probably won't be hearing this kind of honesty much longer.)

Post a comment

Remember Me?

We welcome your opinions and viewpoints. Comments must remain civil, on-topic and must not violate any copyright or other laws. We reserve the right to delete any comments we deem inappropriate or non-constructive to the discussion for any reason, and to block any commenter for repeated violations.

Your email address is required to post, but it will not be published on the site.