The Private Sector is So Much Better than Government At Everything
We all know that's true when we hear news like this:
Boy, doesn't that make you sorry that those damned Democrats won't let you trust your social security money to private enterprise?
What a wonder of perfection the market is. No government bureaucrat could possibly do as well. We know that, because we have been told it so often by rich people, and who knows more about money than rich people?
"A U.S. government program aimed at reviving the mortgage-backed securities market returned more than triple what stocks or bonds gained in the past year.
The eight funds created under the Public-Private Investment Program, or PPIP, reported net internal rates of return averaging 36 percent through Sept. 30, the Treasury Department said in a report this week. That compares with the 10 percent return for the Standard & Poor’s 500 Index and 8.2 percent for the BarCap U.S. Aggregate Total Return Index of bonds."
Boy, doesn't that make you sorry that those damned Democrats won't let you trust your social security money to private enterprise?
What a wonder of perfection the market is. No government bureaucrat could possibly do as well. We know that, because we have been told it so often by rich people, and who knows more about money than rich people?
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