Sep 192008

I seem to recall that George Bush was all in favor of privatizing Social Security and having us all put all of our retirement funds in the stock market. I have a 401K at work. Unfortunately the company doesn’t contribute to it, but that’s not what this post is about. I checked yesterday, and my annual rate of return on it so far this year is -24%. (Yes, that’s a minus…negative in front of it.) So where would people be who depend solely on Social Security if their accounts had suddenly taken a 24% hit.

Mr. Reformer, John McCain, voted three times with Bush to privatize Social Security, and has repeatedly stated he supports privatization. I’m glad to see the Obama Campaign calling him out on it.

Sorry, the comment form is closed at this time.