There Goes Hillary's Baby Bond

The $5,000 baby bond proposed by Hillary Clinton has died a quick death, only to be replaced by another socialistic proposal:

Every citizen could get a 401(k) retirement account and up to $1,000 in annual matching funds from the government under a plan offered Tuesday by Democratic presidential candidate Hillary Rodham Clinton.

At a cost of $20 billion-$25 billion a year, the plan is Clinton's largest domestic proposal other than her plan for universal health insurance. The New York senator said it would be paid for by taxing estates worth more than $7 million per couple and would help narrow the gap between the rich and those who don't have enough savings for retirement.

At the same time, Clinton said she has given up another idea for a savings incentive - giving every baby born in the United States a $5,000 account to one day pay for college or a first home.

She made that suggestion last month before the Congressional Black Caucus, saying it was just an idea and not a policy proposal. The idea was criticized by Republicans, and she told The Wall Street Journal in an interview published Tuesday that it's off the table.

The campaign of her Democratic rival John Edwards suggested it was an example of Clinton setting her positions by polls. "Apparently, new polling data seems to have pressured the Clinton campaign to throw out the baby bond with the bathwater," said Edwards spokesman Chris Kofinis.

They'll poll this idea too, and it may have a little more popularity than the baby bond, but will probably fail too. There will be a new idea next week.