[Pearls Before Swine]

Re media consolidation:

I have a perverse thought. I’m surprised that Dems have been so short-sighted about stock investments for pensions. They have had visions of financing the government through forced savings and bond purchases, because Government Bonds are “so safe.”

They’ve accused GWB and others of being wrong-headed on partial privatization of SS through investment in corporations. But, they are being short sighted here.

If the government invested in companies through SS, it would eventually have major, or even controlling interests in many corporations, including media corporations. So, pension privatization would ultimately lead to government control of private industry and media. Nominally, the economic interests would be held by individual accounts, but the voting would be done by government SS Fund trustees.

I’m surprised the Leftists haven’t been all over this!

[Liz]

All of Podesta's email blatherings are hot air......

The sucker knew he was getting inside info on a merger----that's illegal.

Having inside merger info can make someone rich.

Easy to find out who among the Clinton Class bought shares.

[fella]

"If the government invested in companies through SS, it would eventually have major, or even controlling interests in many corporations, including media corporations. So, pension privatization would ultimately lead to government control of private industry and media. Nominally, the economic interests would be held by individual accounts, but the voting would be done by government SS Fund trustees.">

Please don't give them any ideas. That's the slow lane to a fascist, totalitarian state sort, of like Jasper Fforde's Golieth Corporation in his books.