Media Blog reader John sent this article in for the continuing “I wish reporters owned calculators” series. Here’s Senator Obama on the Dow Jones Industrial Average:
Obama also criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts. “Imagine if your security now was tied up with the Dow Jones,” he said, alluding to the recent slide in stock prices. “You wouldn’t feel very confident about the security of your nest egg.”
Let’s just look at the last 5 years…
Week of June 16, 2003: 9200.75
As of 3:30 today: 12,232 and change
Go back further and the numbers only get better. Putting money into the stock market isn’t change you can believe in. It’s big fat stacks of bills you can believe in — certainly a far better return on investment than Social Security, and Americans’ best bet for securing a comfortable retirement.





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