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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (104434)3/15/2005 2:10:00 PM
From: John Carragher  Read Replies (2) of 793807
 
'I can't understand why individual accounts aren't more popular'

i blame Bush adm for not explaining program. just last night on cnbc one panel guest was saying people cannot make judgements into what stock to buy... cramer on chris matthews show sunday.. says its a big mistake people are not smart enough to handle their own account. cramer says i hear everyday on my radio program who people lost all their ira savings.

bush needs to point out to people they will have limited options like they do now in a 401k program or federal program. they will only be able to buy into three or four programmed conservative choices.. they will not be playing in the market.

trouble is we got democrats , cramer, uaw, afl cio , aarp trying to scare the bee jesus out of people. Unless bush gets his act together and better explains what he means by private accounts and explain better that the money will pass onto their children, or family etc. we will continue this quagmire.
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