Privatized Social Security - Where would you be now?

"Risky Plan" TV Ad

I saw this ad on television and it stopped me dead in my tracks.  Three years ago, John McCain campaigned for George Bush's effort to risk social security in the stock market to privatize it.  Even then, I though "what if a company fails.  Well, look at us today!   

• Lehman Brothers - Bankrupt
• AIG - Bailed out on the brink of collapse 
• Merril Lynch - SOLD
• Washington Mutual - SOLD
• Wacovia - SOLD

What if Bush and McCain had gotten their way?  

In every case, investors of those same companies lost their shirts.  Where would that retired person be today?  

 

For the record, McCain voted 3 times in favor of privatizing your social security.  

• Senate Vote #68:  3/16/06
  
• Senate Vote #56:  4/1/98
  
• Senate Vote #77:  4/29/98 
  

John McCain may not have to worry about his retirement years when he dumped his wife to marry an heiress to an Anheuser-Busch beer distributor fortune, but then again, he's out of touch with what is really happening in this country of ours.