Keep Arguing against Private Accounts

In the armament for everyday encounters with neocons, stories are sometimes helpful. Below is one that may assist those who are talking about the still mysterious plan for private accounts in lieu of Social Security being advanced by Bush.

In the recent issue of The Hightower Lowdown (March 2005) the editors report that "[a]fter his election in 2000, Sen. [Bill] Frist, [the majority leader of the Senate], had a sizeable surplus in his campaign fund which he tucked into a supposedly safe stock index fund run by Charles Schwab & Co. (Schwab himself, by the way, is a keen backer of Bush's efforts to create privatized Social Security accounts).

"But Frist's own foray into the glorious sphere of market speculation has worked out less than happily for him. Far from profiting, as of last December his campaign had lost $460,000 in its four-year run with Wall Street's wolves!"

It may be time to hand out Richard Nixon masks to some leaders with instructions to repeat that famous Nixon phrase, "trust me."