Long story short, if, as McCain and Bush wanted, you had privatized your Social Security insurance as of 2000 you'd be down about eight percent in nominal terms, that is in the hole --that is MINUS whatever you had invested. Not a great scheme for securing your future. And, of course, things could get worse. They probably won't get much better for a while.
That's one reason Republicans who think of the stock market as 'sound investment' rather than, um, gambling--which it is--are, to put it generously--mistaken.
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