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Social Security / Bush Plan #779209

NBC Evening News for Friday, Feb 04, 2005
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(Studio: John Seigenthaler) President Bush’s tour to promote private Social Security accounts noted; scenes shown from Little Rock, Arkansas.

(New York: Anne Thompson) The financial industry’s reaction to the proposed changes to Social Security examined; scenes shown of a protest against changing the system; letter of opposition from the AFL-CIO quoted. [Stanford Washington Research Group Greg VALLIERE†- explains why Wall Street is hesitant.] [University of Chicago Business School professor Austan GOOLSBEE††- states Wall Street stands to gain billions.] [Investment Company Institute chairman James RIEPE†- notes the possibility that there won’t be opportunity for active investment management.]

Reporter(s):
Seigenthaler, John;
Thompson, Anne
Duration:
00:02:20

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