Thursday, September 22, 2011

Laugh Of The Day - DNC Chair says market drop hurts GOP...

DNC Chair Debbie Wasserman-Sergeant-Shultz says the big drop in the stock market these last two days hurts the GOP because they want to privatize Social Security. She says the drop only goes to prove it would hurt people's retirement accounts.

Ahem! Here's a newsflash for the DNC Chair, and all other liberals - I am retirement age. I began working in 1965. And in 1965 the Dow Jones Industrial Average was only 967. Today, even after a dozen huge drops since 1965, the Dow is still above 10,000. That's still a pretty darn good return.

What liberals refuse to acknowledge is the long-term profitability of stocks. More important, most retirement funds probably would not even be in stocks, so much as Treasuries and the like.

Nice try, Debbie.


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