My first thoughts when I heard someone take a see-I-told-you-so attitude toward privatizing Social Security in terms of the financial market meltdown was that current retirees and retirees to come in the next year wouldn’t have been affected.  The privatization plan was 1) VOLUNTARY and 2) limited to those with retirement at least 15 years away.  Most people would not opt to join in a system they didn’t understand and would opt for the government options.  So they would be protected.

Those of us who would have opted for privatization would be JUMPING at the chance to be able to cautiously put some money into this market.  I see a market ripe with bargains that are only down because of the pressure from the rest of the market and not for any business model reasons.  If I had some extra, it would be going in.  So I would be happy to be able to sink some of that 13% of my paycheck into the market now.

Again, the adage “the media giveth and the media taketh away” is proven with the hubbub about the Big 3 and how they are going to get to D.C. for the follow-up hearings on their bailout.  First, they were railed for flying by private jet to D.C. with tin cup in hand.  The Congressmen made a big deal of it, but the media really hammered the CEOs for their audacity. 

Now, after the Big 3’s bigwigs announced they would be driving hybrids for the second round of begging, the media puts out an article on how flying commercial would provide better MPGs.  Ugh.

First of all, thanks for continuing to read despite my absence. I unexpectedly took a few days off from blogging after a week with family and having to take care of some things upon my return home.  I should be back and blogging full speed again.

I didn’t know that Chambliss is considered a RINO, but I’m still glad he won.  And I’m glad it looks like Coleman will win in Minnesota.  I think the Chambliss win reduces the chances that Franken will carry out a long court battle.  If Chabliss had lost, a lot more would be at stake, and I think Franken (and the Dems) would have done ANYTHING to win the seat and have the 60 seats.

More on the consequences of the Chambliss win over at Hot Air.