The Arena - Politico's daily debate with policymakers and opinion shapers Politico.com: "The economy is the big issue of this election. Hey, the Bush-McCain economy just lost $700 billion in retirement plans.
It's another reason why we need active and competent regulations for Wall Street. None of this matters for people like McCain who own 12 houses, but normal Americans are trying to rely on retirement plans when they grow old.
With McCain's proposed cutbacks to Social Security, our retirement programs are even more important. It also brings us back to McCain's radical plan to send our Social Security money to Wall Street. Yes, the same Wall Street who just lost $700 billion yesterday. Imagine the consequences of an unchecked market controlling our Social Security money"
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