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<< Well, at the very least this is the end of the personal retirement account debate for now. Also, the democrats will use this to say that Bush is only looking out for the rich, and it's a good distraction from Bush's right wing agenda. >>
Try to keep up. Yesterday, at the daily White House press briefing, Ari Fleischer was asked specifically if the Pres was still commited to personal retirement accounts to augment SS. The answer was YES. He also alluded, but did not actually say, that anyone who was not smart enough to diversify probably got what they deserved. He also went on to talk about the investigations that the Pres had ordered to see if Enron had acted properly in the administering of their 401K's. I fully support this.
How does a company going bankrupt, one that evidently asked for and got no help fron the gov't, give the Demoidiots ammunition to say that Bush is only looking out for the rich? I'm sure they'll try, as you have, and fall flat on their asses. >>
Bush might be committed to retirement accounts, but in light of Enron fiasco, and dot-com collapse, it's politically unlikely to go through.
There is lots more ammo against that one. As far as Enron going bankrupt, I don't see Bush's buddies loosing their retirement, just the rank and file.