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i earned capital in this election, and i'm going to spend it for what i told the people i'm going to spend it on. you've heard the agenda, social security. >> the president did do a national road show about privatizing social security in 2005. he told the people how excited he was for the elderly to divert their social security checks to wall street. and while president bush was manifestly excited about that idea, the american people were not. the road show was a failure. the accumulated political capital dispersed, the american people did not move. and boy did that turn out to be handy. this is the s&p 500 index over the last five years. from about the time president bush was proposing we put people's social security checks in the stock market. if you retired under a privatized system like the one george w. bush was pushing in 2005, would you just have to hope not to need the retirement money in a year that looks like 2009.

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