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Wall Street, Social Security, and John McCain
I'm sorry I don't have the time for a longer post pulling this all together, so here's the point:
John
McCain supports privatizing social security, presumably allowing
workers to put their SS money into stocks. Today, we see the result of
Republican policies on the stock market, namely a 4.5% drop in the Dow,
a 3% drop in NASDAQ, and a series of collapsing banks.
So,
exactly how is McCain's social security policy supposed to work? Are
people going to put their money into nose-diving stocks? How will that
help them retire? Does McCain think people will be able to retire when
his policies shrink their savings?
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