The Progress Report wrote:
Putting The Law Back Into Intelligence
From: The Progress Report [progress@americanprogressaction.org]
Sent: Tuesday, January 06, 2009 9:13 AM
Subject: Putting The Law Back Into Intelligence
ADMINISTRATION — BUSH CITES FAILED SOCIAL SECURITY PRIVATIZATION PUSH AS HIS BIGGEST DOMESTIC POLICY ACHIEVEMENT: Yesterday, the Weekly Standard’s Fred Barnes reportedthat he and fellow conservative Bill Kristol met with President Bush last Friday for a lunch in the president’s “private dining room adjacent to the Oval Office.”Barnes reported that the President cited his push to privatize Social Security as his biggest domestic policy accomplishment. “Bush said his effort showed it’s politically safe to campaign on changing Social Security and then actually seek to change it,” wrote Barnes. Though it seems odd that Bush cited an unsuccessful effort as his biggest domestic policy achievement, it is understandable given that he doesn’t have much else to include on a list of successes. But not only was Bush’s drive to privatize Social Security an utter failure, the concept is also widely unpopular with the American public, and if enacted, would have had disastrous consequences for Americans’ retirement funds.A recent Center for American Progress Action Fund report found that if a worker had retired on Oct. 1, 2008, after 35 years of contributions to private retirement accounts, that retiree would have lost nearly $30,000 in retirement funds because of the downturn in the stock market over the last two years.
This is exactly where we are at. The biggest flop of the twentieth century is Bush’s biggest achievement. This is what we lived through these past eight years. And now? We are a nation in crises. We are a WORLD in crises.
The spin goes round and round.
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