Reply #26: NYT/ Wall St. Lobby Quietly Tackles Social Security

[FreeStateDemocrat]

By LANDON THOMAS Jr.
Published: December 21, 2004

As President Bush prepares to disclose the details of his plan to funnel hundreds of billions of dollars of future Social Security funds into privately held investment accounts, Wall Street has begun a muted lobbying campaign, chastened by bolder forays that failed in years past.
So far, the chief executives of most financial firms have refused to take a public stand in support of private accounts, wary of being seen as too eager to embrace a potential new revenue stream. (CONTD)

http://www.nytimes.com/2004/12/21/business/21lobby.html

“Plenty good money to made supplying the government with the tools of the trade.” Wall Street is who is going to spend massive amounts of money to sway public opinion by propagating the big lie and making the Idiot’s job a slam dunk. My big worry is how many Democratic Senators will they buy with their millions when billions are on the line. This may have to be a grass roots fight by the rank and file to keep our own party honest and motivated by their own personal survival in office instincts rather than satisfying any personal greed. I hope I am just being much too cynical.