Today we are told to diversify our portfolios, which is the same advice from years ago–don’t put all of your eggs in one basket. Traditional pension plans are becoming a relic of the past. Now it’s the 401(k). So the people are being asked by President Bush to give up their guaranteed nest egg in favor of a government 401(k).
And when the stock market goes into the dumper, and the eggs are falling out of the basket with a vengeance, at least we will be able to turn to our Social Security. Oh wait; I forgot. It was privatized and fell out of the basket with the other 401(k) eggs.
Stocks go up when there is a demand for them. I do not believe Bush is creating the demand for the benefit of the workers in this country, but for the moneyed class that forms his base.
