Bush was able to do for the PBGC what he tried and failed to do for Social Security.
A massive injection of funds into the stock market maybe to help push up the value of assets? Right when the market was in a downturn? This sounds like the massive kind of stupid that BushCo would do with taxpayer funds. Ans the PBGC was underfunded for its (growing) obligations anyway.
But this just feeds the meme that government never works. Of course, they are hoping that we don’t notice that they are the ones that screwed it up in the first place. But we will be sure to point it out the next time they spout that line.
I think we should change it to “government run by Republicans never works.” I don’t know how they could use that talking point since it was investment in the private sector (remember how government isn’t as good as private individuals with money?) that caused the problem. I would say that it’s outsourcing government that’s the problem.
I’m not a conspiracy theorist, but if I were…
http://www.haloscan.com/comments/atrios/2725165335973422027/#13619852
I read about it at Eschaton but not from Atrios. I don’t think he was up that early this morning.
The money point:
Bush was able to do for the PBGC what he tried and failed to do for Social Security.
A massive injection of funds into the stock market maybe to help push up the value of assets? Right when the market was in a downturn? This sounds like the massive kind of stupid that BushCo would do with taxpayer funds. Ans the PBGC was underfunded for its (growing) obligations anyway.
This is going to be a disaster. Perhaps the silver lining is that Social Security privatization will be dead, dead, dead.
But this just feeds the meme that government never works. Of course, they are hoping that we don’t notice that they are the ones that screwed it up in the first place. But we will be sure to point it out the next time they spout that line.
I think we should change it to “government run by Republicans never works.” I don’t know how they could use that talking point since it was investment in the private sector (remember how government isn’t as good as private individuals with money?) that caused the problem. I would say that it’s outsourcing government that’s the problem.