Reply #52: Why do you aim so low? [View All]

[AP]

A fund lost (and I'm not calling up your post to check), what was it, 15% of its value from 2000 to 2002, and you're blaming whom? This was a period when all equities investments tanked. As far as I know, CALPERS still doesn't require employee contributions to their pensions (and haven't for years) because the return on investment is still so good they don't need anyone paying in. Hey, maybe that's why their pension lost more value than others during those shitty years (if it's even true that they lost more money than most).

So, who do we blame on a rip off of everyone in the equities markets? We blame Gray Davis???? How 'bout blaming the republicans who set America up with years of legislation all geared towards eviscerating publicly held corporations of their equity value and transferring it to company insiders. I still say the rip off of pensions in OH, FL and CT are the ones you need to look at. And you need to aim higher. Who enabled all this?

It is so obvious that the Democrats are barricading this HUGE pot of gold (yes, huge -- it's worth billions and has the power to sway markets) from the Republicans and they're pissed. I'm happy CA is doing this. Look at FL, OH and CT -- imagine what they could have done for Enron et al if they had CALPERS to steal from.

Oh, and we know to whom the Republicans want to shift wealth -- Enron, Alcoa, Haliburton and ExxonMobil. Now, who are the Democrats paying off? Oh, yeah. The prison guards.