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Politics : PRESIDENT GEORGE W. BUSH

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To: Peter Dierks who wrote (681977)5/11/2005 12:20:57 PM
From: DuckTapeSunroof  Read Replies (3) of 769670
 
"Historically stocks have outperformed bonds,"

Depends on the period you are looking at. There are several LONG multi-decade stretches where they have not.

"and a blend of the two has outperformed either."

True... and risk-adjusted performance is even better when other asset classes (real assets & or commodities, foreign, short positions, etc.) are included in the mix. So why doesn't the proposal ennunciated by the Prez allow any of those? Why does it keep the so-called 'private' accounts in the hands of the government? Why would it force most participants to trade their investments for an annunity at retirement? Why the 'claw-back' provision?

You see, I'm not against 'privitization' schemes at all... just the bad ones.

"President Bush must want what is best for his people."

.... (no comment).
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