Jesse Jackson Calls for Looting Pension Funds
As Margaret Thatcher observed, sooner or later socialists run out of other people’s money. But the looting won’t stop until they have stolen your last penny. Did you expect to have a secure retirement after working your whole life? Sucker:
At a three-day conference in New York that began on Wednesday, [Jesse] Jackson discussed a proposal for increasing the availability of capital by using pension money to make loans in low-income communities. The idea is getting a prominent debut at the 16th annual Wall Street Project Economic Summit, hosted by Mr. Jackson’s Rainbow PUSH Coalition and the Citizenship Education Fund.
He isn’t just shouting this Marxist lunacy through a bullhorn at some ghetto street corner.
The conference features some big names, with a keynote speech from former President Bill Clinton.
Despite or rather because of his appalling irresponsibility and conspicuous lack of morals and character, Clinton is a demigod among Democrats.
Fundamentally, Mr. Jackson’s proposal is about leveling the playing field.
That is, it is about imposing egalitarianism by reducing everyone to the economic level of Jackson’s welfare-bred supporters.
Most who don’t rely on the socialist media for information are aware that the 2008 crisis and subsequent continuing economic decline were set off by federally coerced loans to these very “low-income communities.” Such loans are not even intended to be paid back, as New York Governor Andrew Cuomo confirmed as he was helping to set the collapse in motion as HUD secretary.
In plain terms, Jackson is advocating a smash and grab theft of pension money. His criminal ilk controls the government and is likely to loot America to the point of total collapse.
On a tip from Byron.
2013-01-31 11:00:43
Source: http://moonbattery.com/?p=24914
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Whistler Blowers, Insiders
This article is to really warn you the government is considering ‘taking’ your 401 accounts and making them a part of the Social Security program, of which; would solve their 16 trillion dollar debt problem. Just be aware because when it does happen you will be told your money is secure. The USA government is corrupt because those who run it are corrupt and if you are smart you would de-solve your 401 and secure it with your control – such as a foreign account, or gold. Anyway, thanks for the warning.
The “Rev.” Jesse Jackson asking this corrupt gov’t to STEAL your 401K is like having the ‘good’ “Reverend” suggest that Extra-marital affairs are beneficial to your wife because it saves her ‘wear and tear’ and provides her more personal time to accomplish other tasks…
That poor excuse for a reverend/husband needs to spend more time raising his illegitimate children and less time suggesting to our criminal gov’t that they need to confiscate private pension funds and supplying worthless T-Bills as a replacement…
Him, and that phoney “Rev.” Al Sharpton, Both need to have a “come to Jesus” moment in order to see where they’ve deceived not only others but also themselves…
He is a worthless slimeball
a proposal for increasing the availability of capital by using pension money to make loans in low-income communities.”
1) LOANS. Loans are not “looting.” 2) Your 401(k) money is ALREADY being used for loans. That is how banks work. Well it is, at least since Glass-Steagall was repealed.
I bet you idiots think the money in your savings account is in a nice neat little pile in a safe with your name on it too.
Idiots.
USMAMULE
Oh and By the way where is your outrage that the corporations that control you 401(k) money have been deciding, unilaterally to dissolve the funds and use them for operations? Pension? “No Mr. Middle Class we need to use this money for executive bonuses.”