George W Bush - President in 2000?

[PappaJohn]

Looks like Bush wants investors' vote.

AUSTIN, Texas (Reuters) - Republican presidential candidate George W. Bush (news - web sites) will light the fuse on a political time-bomb on Monday by proposing to partially privatize Social Security to save the U.S. retirement system from collapse.

Under the Texas governor's plan, individual workers would be allowed to divert part of the 12.4 percent payroll tax paid by employees and employers into privately controlled investment accounts, according to a text of his speech to be delivered in Rancho Cucamonga, California.

Bush pointed out that Social Security, invested in Treasury bonds, currently earned a ``dismal'' annual rate of return of about two percent, while over the long-term, sound stock market investments yielded about six percent.

``Through the Great Depression, a World War, and 11 recessions, the overall stock market has never lost money over any 20-year period. It is the best, safest way to build personal wealth,'' he said.

http://dailynews.yahoo.com/h/nm/20000515/ts/campaign_bush_8.html

OT: quickie on current administration:

20 years ago, who would have thought that someday the occupants of the White House would be named Hill and Billy from Arkansas?