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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Selectric II who wrote (52607)	10/26/2000 1:18:44 PM
From: Mr. Whist	Read Replies (2) \| Respond to of 769667

SelectricII Typewriter: The Internet stock was purchased with my stock market winnings, not with my retirement money. I may be dumb but I am not stupid. I have about 90 percent of my assets invested in mutual funds. Soon I will have close to 100 percent of my money invested in mutual funds that are invested in a wide range of stocks. You sound like one of those clowns who never loses money in the stock market. Then they brag on chat boards how smart they are. Right. If you don't believe me that Bush's plan for Social Security is risky, perhaps you will believe the Secretary of the Treasury when he says GWB has a "fundamental misunderstanding" of the SS system. See story below. AP National Summers Defends Soc. Sec. Comments WASHINGTON (AP) -- Treasury Secretary Lawrence Summers on Thursday defended his criticism of George W. Bush's plans for Social Security, saying he was simply raising questions that should be asked. ''It is appropriate to ask questions of those making major overhauls of the system,'' Summers said. ''Those questions are: How will benefits be paid? How will benefits to our parents be affected?'' On Wednesday, Republican vice presidential candidate Richard Cheney said he it was inappropriate for Clinton's top Cabinet members including Summers to be involved in the presidential campaign. ''Traditionally, what happens is the treasury secretary and the defense secretary and the secretary of state stay out of partisan politics,'' Cheney, a former defense secretary, said. Summers told The Washington Post, in an interview in Wednesday's editions, that Bush's proposal to overhaul Social Security shows his ''fundamental misunderstanding'' of the retirement program. The National Association of Manufacturers, a major business lobbying group, released a letter to Summers questioning the ''propriety of your involvement in a political argument about an issue of such high import, given the public trust you hold as the secretary of the treasury.'' Asked about the criticism, Summers said that his comments were directed to the issue of properly managing the government's largest benefit program, ''the Social Security system, which is an important trust to us all.''