It looks obvious

Hillary Clinton’s new proposal, to open a $5000 saving account for every child born in America, is so bad that it is very likely to become a reality. Contrary to natural inclination to assume that this proposal is a populist idea that intend to server Clinton’s presidential bid, this idea is actual inline with Clinton’s social philosophy and her agenda. Moreover, with margin of more than 20% over Obama she did not need to initiate another idea that might alienate the swing votes which she will need in the general elections.

Not learning from the imminent practical failure of other government "saving" programs - such as social security, and ignoring the moral question altogether, we are doomed to repeat it with another governmental saving program. The fact that such programs do not improve the situation of those they intend to help, increase dependency in the government and cripple the ability of the middle class to support itself are clouded behind a smoke of nice slogans. 

Since I consider Clinton to be a very competent person, probably the most impressive presidential candidate we had in many years, I don’t believe that she is unaware to the problems associated with such proposal. But the shortcoming of any of these ideas aren’t Clinton problem, quite the contrary - with any new social entitlement that become a low she is increasing the dependency in the government and increasing the social class that is likely to depend on the continuation of the welfare system. 

And by the way, do you really believe that the wording of "any child born in America" instead of any American child was simple oversight? I don’t.