Tuesday, May 20, 2008

Social Insecurity

Thank you Pelosi, Clinton, Obama, and the other left wingers of the Democratic party for blocking President Bush's attempt to add private accounts to Social Security. At the time Bush first made his proposal, the DOW was at 8K. After winning the 2004 election and deciding to make this proposal a centerpiece of his second term, the DOW was at 10K. Now the DOW is at 13K. So had Bush's plan been implemented, each of us would have a private account that contained OUR retirement money, an account we would own and could bequeath to our heirs, and we would be up around 40% or so. That's not counting the dramatic effect on the market of pouring in hundreds of billions of new money into it. Had the Democrats not stupidly blocked this idea, the DOW would likely be at 16k or higher. Yes, we would all be wealthier and the economy healthier, but no, the Democrats couldn't tolerate that. They are willfully ignorant of economics, preferring a state controlled plan that loses money for you but gains power for them. It's no accident that the Jackass is the symbol of their party, it is a fitting identifier for their supporters.

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