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We dodged a Bush nightmare...

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CoffeeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 11:19 PM
Original message
We dodged a Bush nightmare...
Edited on Fri Jan-16-09 11:21 PM by TwoSparkles
Remember when Bush toured around the country, in an effort to spark support for privatizing social security?

Oh, it was going to be so wonderful! So great for America's senior citizens. The government would invest
Social Security funds into...<wait for it>...the stock market!

Bush tried to sell this to all of us, in 2004. Can you even wrap your brain around how catastrophic that move
would have been, for the senior citizens who are retiring now and needing that Social Security--if Bush had
invested their money in 2004 or 2005--in a stock market that has lost nearly half of its value?

We've endured a great deal of humiliation and hell from George Bush. It's hard to imagine that human disaster
inflicting any more pain on this country, than he all ready has.

The fact remains that Bush desperately wanted all of us to put our Social Security funds into the stock market, to
enrich and please his corporate masters on Wall Street.

Despite Bush's national marketing blitz, he couldn't convince America and the plan was dropped.

We can all breath a sigh of relief that the Bush nightmare is almost finished--and we can also thank our
lucky stars that the nightmare wasn't as horrifying as Bush wanted it to be.
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geckosfeet Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 11:43 PM
Response to Original message
1. Everyone with retirement savings in 401ks etc has been hosed anyway.
They got our money through the back door.
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CoffeeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 11:55 PM
Response to Reply #1
2.  True...
Everyone is screwed. It's just a matter how bad did each person get screwed during the Bush Depression

Many low-income households rely solely on Soc Sec in their golden years. People with 401ks often have other sources
of income or resources. Soc Sec is the last hope for many.

Bush's ideas would have slashed benefits nearly in half...

It's mind boggling that he almost got away with it.
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Norrin Radd Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 11:59 PM
Response to Original message
3. Yeah, scary.
Edited on Sat Jan-17-09 12:00 AM by Progs Rock
Thankfully, even the idiot republican voters can't do without their Social-ism Security.
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Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-17-09 10:32 AM
Response to Reply #3
4. But they decry the New Deal as
unwanted socialism at every turn. But I have never heard a right wing talking head with a good suggestion as how to deal with SS. They just have all this anti social security rhetoric but no solutions.
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