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Another way that Obama plans to get into your pocket and relieve you of your income. He has designs on your investments, and the democrats will tell you where and how to invest whatever money you have left after they get through with their other programs.
Economically Targeted Investments -- controlling your pension fund investments.
Economically Targeted Investments. "ETIs" the Democrats call them, and they're a huge part of the Democrat "secret" agenda. All they need is control in Washington.
Here's the deal. The government grants various tax breaks to these retirement plans. As you know, or as you should know, tax breaks are usually granted to force some individual or corporation to act and behave in some manner pleasing to government. The Democrats plan to change the rules on pension and 401K accounts. Instead of just investing these funds in stocks and bonds, fund managers will be required by the government to invest these funds in certain investments dictated by government -- by Democrats. In this way the governments can fund some of their spending schemes, but without using government funds.
The Democrats will pass laws requiring fund managers to invest in corporations building low income housing; or companies who are hiring workers off welfare roles. Other "allowed" investments will be in such things as environmental protection, waste recycling and other causes popular with the left. In short order the Democrats will have rules in place which state that these pension funds cannot be invested in companies that are "unfriendly" to unions. To a Democrat ... any company with a non-union workforce is "unfriendly" to unions. Corporations who have affirmative action programs will get the nod. Companies who hire and promote on merit will not.
All of this will mean that the Democrats can claim credit for spending on some of their favorite programs without going to the taxpayers. They can use pension money. The end result, of course, is lower returns on pension fund investments -- and lower pension benefits to retirees. That doesn't bother the Democrats, though. The less money you have to retire on the more dependent on government you will be.
boortz.com: More Boortz (http://boortz.com/more/demsecrets.html - broken link)
The socialists have already taken the money! The socialists in power *now*. Bush, Bernanke, etc have foisted the biggest boondoggle in American history. The banks and wall street win, the taxpayers lose.
They've socialized private industry and you silly people are complaining about Obama? Wake up and smell the socialism.
Another way that Obama plans to get into your pocket and relieve you of your income. He has designs on your investments, and the democrats will tell you where and how to invest whatever money you have left after they get through with their other programs.
Economically Targeted Investments -- controlling your pension fund investments.
Economically Targeted Investments. "ETIs" the Democrats call them, and they're a huge part of the Democrat "secret" agenda. All they need is control in Washington.
Here's the deal. The government grants various tax breaks to these retirement plans. As you know, or as you should know, tax breaks are usually granted to force some individual or corporation to act and behave in some manner pleasing to government. The Democrats plan to change the rules on pension and 401K accounts. Instead of just investing these funds in stocks and bonds, fund managers will be required by the government to invest these funds in certain investments dictated by government -- by Democrats. In this way the governments can fund some of their spending schemes, but without using government funds.
The Democrats will pass laws requiring fund managers to invest in corporations building low income housing; or companies who are hiring workers off welfare roles. Other "allowed" investments will be in such things as environmental protection, waste recycling and other causes popular with the left. In short order the Democrats will have rules in place which state that these pension funds cannot be invested in companies that are "unfriendly" to unions. To a Democrat ... any company with a non-union workforce is "unfriendly" to unions. Corporations who have affirmative action programs will get the nod. Companies who hire and promote on merit will not.
All of this will mean that the Democrats can claim credit for spending on some of their favorite programs without going to the taxpayers. They can use pension money. The end result, of course, is lower returns on pension fund investments -- and lower pension benefits to retirees. That doesn't bother the Democrats, though. The less money you have to retire on the more dependent on government you will be.
boortz.com: More Boortz (http://boortz.com/more/demsecrets.html - broken link)
Just more 'the sky is falling' hysteria from the extreme right - nothing more.
There's not one shred of truth to any of this - just hysterical hypothesizing from the extreme right-wing talk show host Neil Boortz...
How typical of the sore losers - but amusing nonetheless...
I wonder if they think it's true just because Boortz wrote it? There is not one link or shred of evidence from an objective source, not even from the Boortz article.
This is why I think the right wing attracts low IQ supporters.
They just cannot seem to use critical thinking skills.... So when they read propaganda, they take is as the gospel truth.
Its unequivocally false, end of discussion. If a group of right wing morons, want to believe another group of right wing morons, they are perfectly within their right to do so. But don't expect the rest of us to believe your stupid lies. In fact, America sent a clear message to you losers that they are sick and tired of your paranoid rants and conspiracy theories. But you still didn't get the message, lol.
It is funny, because the GOP used to be the party of big ideas and intellectuals. Now, they are pandering to the racists and ignorants. What a long, slow, sad drop.
Of course the Democratic party has its own problems. It needs to move into the 21st century and quit dwelling on its successes in the past. It needs to figure out what it can do now.
I'm hopeful about Barack Obama. The old school Democrats ... not so much.
It is funny, because the GOP used to be the party of big ideas and intellectuals. Now, they are pandering to the racists and ignorants. What a long, slow, sad drop.
The most amazing part of this is that they think they lost the election because they didn't appeal enough to the hard right.
The dissonance is truly mind-blowing.
I am all for it.
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