December 19, 2005

Conventional Wisdom

By now, pretty much everyone understands that the Bush administration proposal on Social Security is complete nonsense. Even administration officials have publicly declared that the proposed changes to Social Security do not solve the solvency problem that Bush spent most of 2005 trying to scare everyone about, a problem that is much more severe (and not talked about) with regard to Medicare. Not even the crazy Republicans in Congress have been willing to take this up seriously, and the more the public learns about the details of Bush's proposal, the more negative their reaction (with good reason).

Funny how five years changes things. Back in 2000, Al Gore was saying everything about Bush's Social Security plan that has now become accepted conventional wisdom. Guess who the media portrayed as the irrational out-of-the-mainstream nut? Bob Somerby remembers.

Posted by Observer at December 19, 2005 06:15 PM
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