Blog Entry

Take me! Both of you...Ravage me!

Posted on: November 15, 2008 10:28 am
Edited on: November 16, 2008 9:39 am

Her red dress was cut low revealing her ample breasts.  They were perfect and she was so sultry in comparison to the other Pelosi-esque women in the room.  Every eye was upon her and she knew it.   Even savored it.  She was fresh from Paris and her gown was from the finest couture on the Champs Elysses.  It had been custom cut to reveal her finest assets and she tingled the first time she put it on.  The silk slid enchantingly into place across her shoulders and torso.  Caressing her delicate skin as it fell to just above her knee.  She was excited and frightened at the prospects that may come that night.  She knew she would be impossible to miss and would attract the attention of every suitor in the ball room.

She was surprised to receive her invitation to the ball.  She did not know her hosts personally, only in name and reputation.  On a whim she decided to go and treat herself to the pleasures of being a desirable woman.  So she treated herself to a new dress, lingerie, and shoes.  A new clutch, a makeover....she was ready.

The eyes of everyone turned to her when she walked in unescorted.  The gentlemen failed to hide their delight and the ladies hissed under their breath.  The room was electric and a pang of regret twisted in her stomach.  Now she wasn't sure she wanted the focus of hundreds of pairs of eyes.

A waiter glided by to the sound of the string quartet with champagne, yielding a flute with a flirting smile. She could see the sharks positioning themselves for their passes, ever closer they circled. 

The first gentleman to introduce himself was Congressman George Miller from California.  He was a charming man though considerably older than her.  She indulged him as a harmless gentleman trying to rekindle his youth by flirting with a younger woman.  He exuded power and he made no attempt to hide it.

A second suitor inserted himself into the conversation.  He introduced himself as Jim McDermott also a Congressman but from Seattle.  The two gentlemen knew each other and exchanged a playful nod.

She was swept away by their charm as they talked and danced away the evening.  They both offered to escort her home in their limosines but then suggested they go for more drinks with a smaller group of friends from the ball.  She was having so much fun she decided to enjoy the evening and agreed.  Both Congressmen joined her in the car and off they went. 

She wasn't sure which one kissed her first but it was passionate and soft. And she felt another pair of hands caress her legs.  The passion increased and the two men began to ravage the beautiful woman.  She awoke the next morning to find her beautiful clothes were torn, her hair and makeup were ruined and the conquerors were gone.  She felt like so many things had happened and that something had been stolen from her.  She was bewildered and began to cry.


No this is not an excerpt from a tawdry romance novel.   Sorry boys, back to half mast.

My last blog entry was about a lady named Teresa Ghilarducci from New York's New School for Social Research who suggested the 401K plan should be scrapped.  More on that subject appeared in the WSJ yesterday that I thought required sharing with you all. 

The Congressmen above are real and the lady in the red dress is your 401K.  Rep. Miller, D-California, chairs the House Education and Labor Committee.  While Rep. McDermott, D-Washington, chairs a House Ways and Means subcommittee on income security and family support.

"Before election day the congressmen began to target the $3 trillion in the 401(k) accounts held by 60% of Americans.  Mr. Miller called the system an inadequate vehicle that has not been terribly successful in encouraging retirement savings.  He wants a whole sale re-examination of the pensions."

"The Chairman has also signalled greater ambitions.  At a hearing last month, Mr. Miller put the 401(k) into play.  Under the current system, employers match employee contributions that aren't taxed until redeemed, an indirect subsidy worth $80 billion today.  'We have to start to think about in Congress...whether or not we want to continue to invest that $80,000,000,000 for a policy that is not generating what we now say it should.'  Mr. Miller said, ' For a taxpayer investment of this size, we must ensure that the structure of 401(k)s adequately potects the nesteggs of particpating workers.' "

 His committee listened to Ms. Ghilarducci's ultra left social policy discussion to scrap the 401(k) and let the government mind our money for us.  Yes folks it happened.

"The main liberal objection to the 401(k) seems to be that they let the average American control their own investment decisions for retirement.  As Shlomo Benartzi, a professor at UCLA's Anderson Business School, told Mr. Miller's committee, "Individuals have a tendency to buy at the peak, and then panic when the markets drop and sell at the bottom."  Better to have the government do it instead."

 For those of you reading this thinking, yeah, the government would give us a safe return, well Social Security earns between 1 and 2 percent since its inception which is losing to inflation bigtime.

People are attached to their 401(k)s because it is their property, which they can carry with them to new jobs, manage as they see fit and bequeath to their heirs.

Before entertaining dreams of state managed retirement accounts, Congresssional Democrats might ask why Europe and Latin America have tried so hard in recent years to move in the opposite direction.  Their pension systems are debt ridden, can't easily adjust for demographic shifts and show a  historically lower return.

If Democrats want a return to improve the prospects for American retirees, their first priority should be removing barriers to economic growth.  Anger over the drop in 401(k) balances is one reason that voters who belong to the investor class swung to Deomcrats in greater than usual numbers this year.  Their mandate is for policies that improve those returns, not strip them of tax benefits.

An intelligent discussion would be  - is Obama listening to these Democrats or not?  He has voted left every time as a Senator.

I think some of you nice fellows should have asked the beautiful lady in the red dress to the ball to keep her away from the sharks.  Anybody willing to do that?  Call your congressman and senator and tell them hands off your ladies  - 401(k).

I need a cold shower.....anyone want to join me.


Since: Apr 27, 2007
Posted on: December 16, 2008 7:18 pm

Take me! Both of you...Ravage me!

We Men aren't nearly that complicated ! ! !   We only want two things............... 1) We want a Beer, and 2) We want to see somethin' nekid ! ! !


Since: Dec 31, 2007
Posted on: November 17, 2008 5:41 pm

Take me! Both of you...Ravage me!

Oh and I'd totally join you in the shower btw.

since no one else stated it lol

Since: Dec 31, 2007
Posted on: November 17, 2008 12:20 pm

Take me! Both of you...Ravage me!

When did my 401k become a sexy woman? lol

I have to tip my.......hat to you smorgie.  You are quite the vivid storyteller and I mean that.

I'm not worried about spending more for x-mas.  My girl of 5 years just cheated on me and consequently left me so I can at least say I won't be spending more than I used to.

Unless I break down and buy that HDTV I always wanted.  They got some nice sales after thanksgiving.

But in the meantime just relax and enjoy the holidays as it is that time of year.

Since: Oct 19, 2007
Posted on: November 16, 2008 10:17 am

Take me! Both of you...Ravage me!

X-mas will certainly be down from last year, but I haven't totally written it off yet.  Seems that people always find a way to buy presents. 

The PE's and some of the dividend pay-outs are unreal right now.  There must be a ton of money, like yours, sitting in liquid T-bills wating to jump back into stocks.  In fact, every week now we have at least one day with huge 5% recoveries in stocks, only the movement upward is undercut by profit taking the next day.  I believe we have an undervalued stock market in every sector with investors looking for a good reason to get back in.  Ultimately just a few good earnings reports, strengthening international markets, returned consumer spending, or who knows what could trigger an almost instant 15-20% recovery in stock prices that could stick.  If you manage to find your way back into stocks shortly before that resurgence you will have timed this bear market as well as anyone and better than almost everyone.   

Since: Mar 20, 2008
Posted on: November 16, 2008 9:44 am

Take me! Both of you...Ravage me!

I expect to wait out the dark retail sales period for this Christmas.  I expect December's bad news to lead to a January hangover.  Then comes inauguration day which regardless of my thoughts on our new president will yield some optimism (because it always does).  More bailout effects will be known and who knows maybe we are ready to begin the slow climb out.  The Altzheimer Historians will give all the credit to Obama but the seeds are already sewn - under Bush.  Remember that folks.

Since: Oct 19, 2007
Posted on: November 15, 2008 6:52 pm

Take me! Both of you...Ravage me!

 I felt a rocky road was coming but certainly did not see this meltdown

Well Smorgie, the bearish person I heard early this year was Donald Trump.  Being into real estate as much as he is, perhaps he sensed the extent of the trouble.  I actually moved more into stock as the market slowly lowered, and took quite a pounding when it colapsed in late September / early October.  Sigh.  You certainly made the right call 18 months ago.

I prefer looking ahead then back, but getting the timing right is so difficult.  Are you starting to inch the stock component of you portfolio up with all indeces down?


Since: Mar 20, 2008
Posted on: November 15, 2008 3:50 pm

Take me! Both of you...Ravage me!

Thank you Jelly.  I figured a cold day deserved an infusion of heat.

I actually moved 75% of my 401(k) to a money market or bonds 18 months ago and sat on the sidelines waiting.  I felt a rocky road was coming but certainly did not see this meltdown coming.   I am heavy into bonds as I go forward and look forward to jumping in again.   Total paper loss to date is only 9%.  Not bad at all.

Since: Oct 19, 2007
Posted on: November 15, 2008 2:45 pm

Take me! Both of you...Ravage me!


You are a very talented writer.  You had me reading faster and faster trying to guess where you were headed with your sexy girl in the low cut red silk dress story.  Fresh back from Paris, for a moment, I even thought that girl might have been you!  I was actually a little disappointed when it wasn't.

I'm sure your 401K and IRA accounts just like the rest of us have taken a paper beating the last two months.  Despite bi-weekly contributions over the period, my principle balance in my 401K was down over 30%..... painful to say the least.  Never-the-less, I have had many quarters in the past in which my balance has jumped over 10%.  I am still very much in the black and doing better than treasury bills since I opened the 401K plan with my current employer.  No way you can save enough for retirement with T-bill rates as you suggest.  You would be destroyed by inflation.  I figure all that really matters is the balance in my 401K and IRA's when I retire, and at that time I will most certainly be moving more into T-bills.

It's bad enough that the government is in control of social security.  There is no trust fund, and the program figures to go broke about half way through the baby boomers retirement.  The lack of a trust fund is the main reason why the retirement age for full social security benefits is being phased in to 67 years old, the FICA ceiling keeps going up, and it remains at 12.4% combined with the employer contribution.  

It's incredibly irresponsible that 12.4% of earnings in this country up to $106K per person go to the government and is applied to the general fund that despite this contribution is in a deficit every single year.  Obama would resume this tax at $250K puting a tremendous additional burden on Americans and busniesses.   For all the volatility in the stock market, I will take it over a government managed program any day. 

Given these tough times Smorgie, I will do what I can to conserve water and gladly join you in the shower.

Since: Sep 24, 2008
Posted on: November 15, 2008 10:48 am

Take me! Both of you...Ravage me!

Welcome BACK! - Love that smile. Keep making this world a better place.

Since: Aug 16, 2007
Posted on: November 15, 2008 10:42 am

Take me! Both of you...Ravage me!

Sounds like there are more than a couple of pairs of hands trying to get at the beautiful woman, Smorgie.   These beautiful breasts are mine, hands off!!

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