[lbo-talk] W gloats; Clinton cheerleads

[B.]

My recollection of what Clinton wanted to do with Soc
Security was have the govt. invest it in the stock
market [as opposed to setting up individual accounts].
The Business Roundtable and other elites opposed it
they seemed to think it amounted to quasi-public
ownership of business or socialism.

To wit:

"We understand that you are considering a proposal
under which the federal government would directly
invest Social Security trust fund dollars in the stock
market," Burns and Steere stated. "Such direct
investment runs contrary to the fundamental principles
of democratic capitalism...."

http://www.businessroundtable.org/newsroom/document.aspx?qs=5576BF807822B0F1FD6469167F75A70478252

-B.


> On Thu, 10 Mar 2005, Doug Henwood wrote:
> 
> > Probably not, but we should be honest about this.
Clinton was on his way 
> > to a privatization, until it was derailed by
Monica. And it wouldn't 
> > surprise me at all that a Pres Hillary would do
the job. We should be 
> > grateful Bush proposed it, because it's getting
opposition it might not 
> > otherwise get.

"I'm not too worried by hegemony / I know the cadre will look after me" - Magazine, "Model Worker," 1978