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April 29, 2005


Thank you for the observation.

It seems to me, perhaps naively, that Mr. Bush's obsession with the privatization issue has less to to with reforming Social Security and more to do with payback to his base. I can't help but flashback to the scene in Fahrenheit 911, when the president, in white tie, is addressing a room of obviously affluent contributors as "the haves and the have mores." Wall Street stands to gain an enormous windfall if even with a very modest privatization. It's conceivable that this is all about lining their already bulging pockets.

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