To: DuckTapeSunroof who wrote (682029 ) 5/11/2005 10:50:54 PM From: Peter Dierks Read Replies (1) | Respond to of 769670 Before one get too upset over FDR's welfare plan, it is important to consider that he based it on some of the best models available at the time. That was an era when Defined Benefit plans were in vogue. If Defined Contribution plans existed at the time, they were not the publicised ones. FDR appears to have modeled his welfare plan after DB plans because it was easier for Americans to identify with. We have better information now. Many of the most efficient plans now are privately managed 401k's and IRAs. The President appears to have modeled his plan after these plans because it was easier for Americans to identify with. One can invest in commodities and real estate in an IRA because these have been securitized. I own such securities, such as BHP, NEM and several others. I used to own TEE just for one. There is no fool proof way to invest. Even in a good investment environment, the laws of number affect the market. While profits soared, the market went up at the end of January partially because of employer 401k matches. As the market boomed, more people invested 401k and IRA assets in stocks, and the weekly contributions helped self fulfill the rising market prophesy. I am proud of our President. He is leading on a difficult issue. He created the issue, and invested political capital in it even though no one else wants to deal with it. He is the one who suggested a fix. When critics from the Democrat party whined, he made his plan more to their liking. I admire him for his leadership. He does not take a poll every day to see what he thinks. He has demonstrated numerous times that has has deep convictions about what is right. He tries to do what is right.