Obama’s Plan to Privatize Social Security

Jeffrey Liebman Of Harvard, Top Economics Advisor To Obama,
Wants To Privatize Social Security – Just Like The Sinister Bush Plan Americans
Resoundingly Rejected In 2005. Benefits Cuts And Higher Payroll
Taxes Are Also On Obama’s Agenda.

By Webster Tarpley
2-6-8
Liebman has supported partial PRIVATIZATION of the government-run retirement system, an idea that is rejected by many Democrats and bears a similarity to a proposal for so-called “personal investment accounts” that Bush promoted in 2005.
“Liebman has been open to private accounts,” said Michael Tanner, a Social Security expert at the Cato Institute in Washington, a think tank in Washington that advocates “free markets” and often backs Republicans.
The Liebman-MacGuineas-Samwick plan to loot Social Security also promises raising regressive payroll taxes, cutting benefits, or a combination of both.
OBAMA’S DOUBLE TALK ON SOCIAL SECURITY: “Everything should be on the table.” (May 2007) This leaves the door wide open to Liebman’s privatization plan.
WARN OLDER PEOPLE AND RETIREES THAT OBAMA AND HIS CLIQUE OF WEALTHY ELITIST BACKERS WANT TO TAKE THEIR SOCIAL SECURITY PENSIONS AWAY
* OBAMA ECONOMIC ADVISER DAVID CUTLER ARGUES THAT HIGH HEALTH CARE COSTS ARE ECONOMICALLY DESIRABLE
Another Obama adviser who targets health care is David Cutler, a Harvard economist. Cutler wrote an article for the New England Journal of Medicine in 2006 asserting that “The rising cost … of health care has been the source of a lot of saber rattling in the media and the public square, without anyone seriously analyzing the benefits gained.”
Cutler advocates improving healthcare through financial incentives, meaning that he wants to increase cash flow into the hands of rapacious pharmaceutical and insurance companies.
* OBAMA’S TOP ECONOMICS GURU: AUSTAN “THE GHOUL” GOOLSBEE ­ SKULL AND BONES ALUM, FRIEDMANITE CHICAGO BOY, FANATICAL FREE TRADE GLOBALIZER
Barack Obama’s top economics adviser is a member of the super-secret Skull & Bones society of Yale University (Class of 1991), of which George H.W. Bush, George W. Bush, and failed elitist John Kerry are also members. Goolsbee is widely reported to have told Obama not to back a compulsory freeze on home mortgage foreclosures to help the struggling middle class in the current depression crisis, as demanded by former candidate John Edwards. Hillary Clinton has advocated a one-year voluntary freeze on foreclosures. Obama has offered counselors to comfort mortgage victims as they are dispossessed, citing the “moral hazard” of protecting the public interest from Wall Street sharks.
George Will, in an October 2007 Washington Post column saluted Goolsbee’s “nuanced understanding” of traditional Democratic issues like globalization and income inequality; he “seems to be the sort of fellow — amiable, empirical, and reasonable–you would want at the elbow of a Democratic president, if such there must be,” wrote the arch-oligarchical apologist Will.
Austan Goolsbee (Obama’s likely Secretary of the Treasury): “I’m a University of Chicago economist and no one is ever going to be more in favor of open markets and free trade than an economist, so you would presume I’d be for anything that has the words ‘free trade agreement’ in it and all I’ll tell you is this: I do believe there’s no one more in favor of open markets than me . . .”
As one reactionary Yale alum gushed: “. . .voters who usually lean Republican should take a second look at Obama … Although some of his centrist economic prescriptions may disenchant liberals who distrust the benefits of globalization, Goolsbee said economic data indicate that free trade leads to higher wages.”Goolsbee is almost certainly the unnamed advisor Paul Krugman refers to when he scores Obama’s stimulus plan as “disreputable”. Goolsbee is a bitter opponent of a single-payer system, and has attacked Michael Moore’s movie Sicko on this issue.
Krugman: “The Obama campaign’s initial response to the latest wave of bad economic news was, I’m sorry to say, disreputable: Mr. Obama’s top economic adviser claimed that the long-term tax-cut plan the candidate announced months ago is just what we need to keep the slump from “morphing into a drastic decline in consumer spending.” Hmm: claiming that the candidate is all-seeing, and that a tax cut originally proposed for other reasons is also a recession-fighting measure – doesn’t that sound familiar?…Mr. Obama came out with a real stimulus plan. As was the case with his health care plan, which fell short of universal coverage, his stimulus proposal is similar to those of the other Democratic candidates, but tilted to the right. ” (NYT, Jan. 14, 2008)
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