Please FReepmail me if you want on or off my FoxFan list. *Warning: This can be a high-volume ping list at times.
Posted on 05/12/2006 9:38:51 AM PDT by george76
News program host chides retirement group for opposing Social Security reform while establishing mutual funds.
Fox News host Neil Cavuto slammed AARP for entering the mutual fund marketplace after opposing President George W. Bush's proposal to invest Social Security funds in the stock market, calling the organization "hypocritical."
AARP Vice President of Investment Services Nancy Smith defended the 36 million-member elder American advocacy group.
"I'm not saying that all of the Social Security dough, just part of the dough [should be] invested in the market," said Cavuto, the host of Fox News's "Your World."
Cavuto called the current Social Security system "broken," and blamed AARP for opposing a possible solution.
"You were dead-set against that. Yet, your organization now is touting these funds.
So, methinks that you knew you were planning these funds; you didn't want competition from Uncle Sam," Cavuto said.
Cavuto retorted: "But you're going to make money on these funds, the same opportunity you wouldn't give the government to fix a program that's broken.
I think you're being disingenuous and maybe a hypocrite," he said. "It's a disservice to the American people."
(Excerpt) Read more at financial-planning.com ...
Why do they remind me of a union?
I never heard of NASCON. I do know of Art Linkletter's group: www.usanext.org
Bravo Neil!
Please FReepmail me if you want on or off my FoxFan list. *Warning: This can be a high-volume ping list at times.
I saw that show with Neil. He did hit them pretty hard. Course they deserved it.
AARP is Craap.
AARP is no different then the Union Leaders
AARP also makes a lot of money of their LTC insurance partnership with Metlife.
As a LTC insurance specialist, I've seen many times where someone was about to sign up for the grossly overpriced plan offered through AARP.
Many times I've helped them realize they could get a better plan at a better price with a better company.
AARP is an advocate for the elderly, like Islam is the Religion of Peace.
Ed Asner's support years ago should have been the tip off.
It's a liberal "self-help" group for those who haven't figured out by age 55 how to make it in life on their own.
The only thing is the membership is being taken to the cleaners before the undertaker. I doubt if they are offered any "free" kool-aid.
IMO, the AARP is just another DemoSocialistMarxistLeftistLyingLiberal outfit.
Needs to be said again....
Seems that Rupert Murdoch is also "doubtful", hosting fundraiser for Hillary Socialist Klinton:
http://www.freerepublic.com/focus/f-news/1629208/posts
AARP is a division of the DNC, the Jackass Party.
AARP is a shill for the DNC.
LOL.
I do the same.
"Other times I send it back in their prepaid, self addressed, envelope (provided for my convenience)..."
Neil sometimes does get it right.
Good for Neal Cavuto. BTTT!
Teachers unions were allowed to pull out of Social Security and invest their pension funds privately.
Another group claiming what is good for the goose is not good for the gander.
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