Franken ad about Social Security privatization debatable

  • Article by: PAT DOYLE , Star Tribune
  • Updated: September 18, 2008 - 11:02 PM

He implies survivor benefits would be at risk under Coleman, but they wouldn't really be in jeopardy.

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theoryofiSep. 19, 08 3:42 AM

Conservatives would like nothing better than to put the future of American workers in the hands of the investment bankers... after all, who else has done more to protect our pensions, 401k's and other forms of retirement plans? Who is more qualified to provide sound advice about financial matters, or for that matter, more concerned about the safety of your hard earned money than the perennial kings of Wall Street such as Lehman Bros, JP Morgan-Stanley, Bear-Stearns Corp., Goldm... What's that you say? They're bankrupt??? And the taxpayers will have to pay for all the money they stole by manipulation and deception? OOOPs...my bad! Ask their buddy and yours, Norm Coleman what he'd do with your social security.

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joesklSep. 19, 08 6:53 AM

So you must think that the government does a good job at managing money? Social Security is going bankrupt no matter which way you look at it. Either the plan has to be cut or drastic changes have to be made. Looks like Franken just wants to leave it as is and push off the problem to future generations.

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stribmenotSep. 19, 08 6:56 AM

and Stock Brokers have no interest other than their own wallet. As an income tax preparer I have seen hundreds of people loose thousands and thousands of dollars over stupid investments that they have no business being invested in. The only reason they are is that the broker got a huge commission. In theory, privatization is a good idea, but in practice Republicans are too greedy and have little regard for anyone but themselves to make something like this work.

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theoryofiSep. 19, 08 7:14 AM

If conservatives could have their way, Social Security will not be funded at all, because it forces them to share their profits via matching SS contributions. Given that American workers would revolt if funding were eliminated, conservatives are trying what they think is the next best thing -- let the investment bankers get their hands on the money so much of it can be stolen and find it's way back where it belongs -- in the pockets of the wealthy. You must be someone who benefits from the creative accounting (and great money management?) of the bankers. Looks like they stepped in a really big bucket of crap this time -- hope you don't get splashed on too badly!

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jollyrogerSep. 19, 08 7:43 AM

It's a flat out lie taken from the same old democrat playbook. Scare the old folks that the mean old republicans are going to take away your social security. They've been saying that for about 70 years now and apparently it works or they wouldn't still be using it.

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jmy9595Sep. 19, 08 7:56 AM

With all the sleazy childish ads being run against Franken by the SNRC, US Chamber of Commerce and of course Norm, this is where the Strib decides to start analyzing ads for accuracy? And joeski, if you want to talk about pushing things off for future generations, how about that Iraq occupation we're paying trillions for? You think we're funding that as we go along? Nope, that's bankrupting us--or putting us in debt to China--a heckuva lot more quickly than SS is going bankrupt.

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macsacSep. 19, 08 7:57 AM

"Money Grubbing Republican Investment Bankers" Follow the money and you will see that Wall Street firms are donating more $$ to the Dems. By the way the investment bankers did not cause this problem, I would look to Fannie Mae for giving people mortgages who were not qualified, knowing that Mr. & Mrs. taxpayer will pick up the bill for any losses they incur. The banks bought securities from institutions they believed properly vetted the borrowers. By the way, Sr. Execs form Fannie, including the former CEO, are now Barracks economic advisor and hold other sr. positions in his campaign.

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macsacSep. 19, 08 7:59 AM

"Money Grubbing Republican Investment Bankers" Follow the money and you will see that Wall Street firms are donating more $$ to the Dems. By the way the investment bankers did not cause this problem, I would look to Fannie Mae for giving people mortgages who were not qualified, knowing that Mr. & Mrs. taxpayer will pick up the bill for any losses they incur. The banks bought securities from institutions they believed properly vetted the borrowers. By the way, Sr. Execs form Fannie, including the former CEO, are now Barracks economic advisor and hold other sr. positions in his campaign.

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jmy9595Sep. 19, 08 8:00 AM

Yes, those money grubbers are donating more to the Dems because they believe the Dems will win and want something on their return. There are plenty of individuals and companies that donate to boh parties, but they donate more to their perceived winners.

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Average_JoeSep. 19, 08 8:06 AM

...no conscience. Why would they start with honest campaign ads now?

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