President George W. Bush's Planned Privatation of Social Security

Remember how President George W. Bush pushed to restructure and prioritized Social Security by creating private investment accounts. The plan would have greatly enriched Wall Street and other financial firms, and risked total collapse of Social Security. What was obvious to President Bush, and anyone else that had the most rudimentary knowledge of how that would have worked, was that:

• With the sudden inflow of huge amount of money into financial investments, the cost of stocks and other investments would greatly increase, far beyond the value of the underlying companies or other assets, greatly decreasing the already volatile nature of stocks and exotic financial instruments created by Wall Street firms.
   
• The financial security of the prioritized Social Security would be only as good as the value of the stocks, the companies, or other assets. With the frequent near collapsed of the value of stocks, and near or total collapse of many companies, the security of Social Society would be a farce.

And what did happen?

• The financial debacle that started in mid-2008, and which continues to this date, the end of which no one knows. IF Bush's proposal had been adopted, Social Security benefits would have been lost for everyone.

Analysis of Bush's investments and decisions, from before becoming a politician to the present date, shows a record of failures.