Political Quotes

On the recordJuly 16, 2002
it has been a week since President Bush went to Wall Street to restore investor confidence in our capital markets. Unfortunately, the response from investors has been dismal. Since the President's trip, the two major stock indices have lost 7 rac{1}{2} percent of their value. Last year alone, America's markets lost $2.4 trillion of their value, more than the gross domestic product of Germany. Most Americans probably think that because of these massive stock market losses the President has reconsidered his plan to privatize Social Security. They would be wrong. Even though our country is in the throes of the worst financial crisis of confidence in decades, President Bush is pressing forward with his program to privatize Social Security. The President's plan to privatize Social Security should be defeated, now more than ever.
Said by
Sherrod Brown
Democratic · Ohio

Editor's note · Context

Addressing the impact of financial market losses on President Bush's plan to privatize Social Security.

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