Why Would You Let Barack Obama Invest Your Retirement Money?

Rush Limbaugh.com ^ | November 2, 2011 | Rush Limbaugh

[Kaslin]

BEGIN TRANSCRIPT

RUSH: A question: If Barack Obama can use taxpayer money to invest in risky private sector investments like all of these fraudulent, phony, there-is-no-business-there green energy loans...? If Obama could do that, if he can use taxpayer money to invest in risky private sector investments that go belly up, shouldn't we be able to put our retirement money in a safer place than Washington? I personally don't mind risking my money on investments I trust. What I don't like is other people risking my own on investments only a fool would trust. Privatizing a portion of Social Security is an argument that's always out there, and any time somebody brings it up seriously within the realm of politics they get shot down as, "It's the third rail, can't do that," and of course look at how it's demagogued.

How is it demagogued? The argument for not privatizing even a portion of Social Security is that people might risk their retirement savings on risky investments. "Yes, these stupid idiot people might go out there and invest their money in bad places! They might put their money in the stock market -- oh, no! -- and they might lose everything," and then they cite the most recent market crash they can think of. Well, excuse me, but isn't Obama risking everybody's retirement savings when he gives our money to green energy boondoggles? There is no Social Security lockbox. It's all general funds. So Obama's taking our retirement money, he places that money in very risky investments -- crony capitalist investments --where the money, some of it, comes back to him in the form of campaign contributions.

These shady businesses that he forces us to invest in are run by his campaign contributors and bundlers, and they're going belly up one after another. Now, somebody explain to me why he can do that with our money and we can't. It's our money, money that we want for our retirement, and any time somebody comes along and suggests that we have control of even a portion of it to invest ourselves someplace other than the black hole of Washington, "You can't do that! Why, you don't know what you're doing out there, and you're gonna invest it in the stock market, and those people are a bunch of crooks (even though they're our largest donors). They're a bunch of crooks and they're gonna lose everything! You're gonna be coming back to us when you lose it. We can't let you do that!"

Fine. So we're to sit idly by while you throw away our money on schemes nobody with half a brain would invest in. "What do you mean, Mr. Limbaugh, that nobody with half a brain would invest...?" If it weren't for all of these government loans none of these green energy firms would ever get started. The very fact that they need guaranteed government loans is proof positive they can't compete, and yet they're invested in -- and Obama, his investment skill, intuition? Nobody ever questions it! They all question our own ability to handle our own money -- and they all, in Washington, conclude, that we don't know what we're doing -- and that we're gonna put in the stock market (Obama's biggest donors, by the way) and that we're gonna lose it, and then what?

Well, the way I see it, the government has lost $16 trillion since it was founded. That is the national debt. They've lost $16 trillion, and they tell us that we can't be trusted with our money. It's patently absurd. I was thinking about this a couple of nights ago. I really am sick of everybody sending Obama their money so he can spend it lavishly on his donors. Social Security is broke, and it's not because any of you misspent your savings. Social Security is broke because the people you are forced to send it to can't manage it properly. There's not a moral argument for Obama to give or lend everybody else's money to his friends or to anybody with a business that couldn't get a bank loan, and that's what's happening -- and how come nobody questions his smarts?

Why does nobody question his legal right to do that? You gotta look at it this way, folks. They tell you you're not competent enough to handle your own retirement money that they take from you in the first place, in the form of your FICA deduction on your paycheck. They take it from you, then they tell you that you don't have the smarts to deal with it, only they do. They have lost $16 trillion of that money and who knows where else it came from? Just another reason why Social Security and medical accounts all need to be privatized. Socialism has failed. It's been tried, "With the smartest people, the most compassionate people, the people who are smarter and have so many good friends and they've studied it. The people who say, 'Yes, it's failed in the past but because the wrong people tried it and we never, ever really had it properly funded.'" Well, now, the "right" people are in charge, gotta properly fund it and it's a bigger boondoggle than ever. We tried socialism; it fails. Only an idiot would continue to give good money to bad people. But the thing here is, we're not giving it. It's being taken. And a series of rank amateur hucksters led by Obama are taking our money and throwing it down a rat hole called green energy, for the express purpose of a portion of it coming back to them in the form of campaign contributions.

END TRANSCRIPT

[shibumi]

Money? HAH!

I wouldn’t let it walk my dog.

My dog wouldn’t allow it either, he’s picky about the company he keeps.

[RIghtwardHo]

Well of course I wouldn’t. But I sure don’t want Lehman or Goldman to do it either.

[nascarnation]

This wasn’t bad investing, or bad luck.
It was political corruption, Chicago-style.

Baraq may be a hard left academic but don’t forget he picked up a Masters degree in Operations from the Chicago political mob.

[OrioleFan]

Too bad for Obamski that MF Global is going bankrupt. Corzine was holding a job open for him in January 2013.

[Morgana]

Why Would You Let Barack Obama Invest Your Retirement Money?

Well let me put it this way.

If you stupid enough to vote for him ‘08 and would be even more stupid enough to vote for him on ‘12 then you would stupid enough to do this.

[bigdaddy45]

No, and for the same reason I wouldn’t let him mow my lawn. He doesn’t know how.

[Dick Bachert]

Gee, these morons ELECTED him to run America (into the ground) so letting him invest their “money” is another no-brainer.

[Graewoulf]

Thanks for this thread!

When we vote for POTUS we are hiring a money manager for our descendants.

The last two money managers destroyed 4 Trillion dollars EACH.

[darroy]

Earlier today on Rush Limbaugh he quoted from a newspaper article about Herman Cain and the lawyer after him for sexual harassment - he told how the newspaper had pulled the comments made by Bennett (the lawyer) about the case being 12 years old and he did not have the file any longer on the case and so forth - I have been searching all morning for a copy of the original article and even have forgotten what newspaper Rush said had originally printed it - but the statements from Bennett were in it on first publication and then pulled when put online again (Rush found a cashed copy of the original) do you have a copy of that article or know what newspaper it was in? Thanks so much - thought you might know because of your posting about Rush.

[Freedom_Fighter_2001]

I have all the magic beans I need for now, thank you.

[Buckeye McFrog]

He is already planning it.

(Google “Teresa Ghilarducci, the Most Dangerous Woman in America”)

[combat_boots]

Uh, no.

He wants a vig/day.