The Nattering Nabob makes an insightful observation about a Bush assertion

A damn insightful observation from The Nattering Nabob. Nattering Nabob is not a Bush fan, and I take everything posted on this blog with a healthy grain of salt, but I am usually impressed with the writing. I did not watch the SOTU address, and I am unaware of the comment she refers to or its context. But, she is 100% correct, the statement in and of itself would be illegal if given as advice from a financial advisor to an investor. Personally, I think that most social security "investors" would manage to lose money by investing their money in the stock market. Of course, the real reason for Bush advocating this policy is to enrich Wall Street by flooding it with dollars that would otherwise be sent to the safety of the U.S. Treasury.

The Nattering Nabob

Comments

tjirwin said…
I suggest that all political speeched be accompanied by a Forward Looking Statement. This acts as a CYA for business world, so it could do the same for our government. Suggested text as follows:

Certain sections of the State of the Union address given on February 2, 2005 contains forward-looking statements that are based on administrations expectations, estimates, projections and assumptions. Words such as “expects,” “anticipates,” “plans,” “believes,” “scheduled,” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of revenues, earnings, segment performance, cash flows, contract awards, wars, conflicts, interns, economy, strategery, and/or overall quality of life. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors, including, without limitation:

General U.S. and international political and economic conditions;

Changing priorities in the U.S. government’s defense budget;

Termination of government contracts due to unilateral government action;

Differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts within estimated costs, and performance issues with key suppliers and subcontractors;

Changing customer demand or preferences, including the effects of economic conditions;

The status or outcome of legal and/or regulatory proceedings.

All forward-looking statements speak only as of the date of this report or, in the case of any document incorporated by reference, the date of that document. All subsequent written and oral forward-looking statements attributable to the administration or any person acting on the administration’s behalf are qualified by the cautionary statements in this section. The administration does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this report.
Iggy said…
Thank you for the mention. I don't blame you for taking everything I say with a grain of salt, but I'm glad you like the writing.

And by the way, I love baseball almost as much as I dislike Bush. Good blog.

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