Bush having problems selling private accounts

From the New York Times

New Poll Finds Bush Priorities Are Out of Step With Americans

By ADAM NAGOURNEY and JANET ELDER Published: March 3, 2005


mericans say President Bush does not share the priorities of most of the country on either domestic or foreign issues, are increasingly resistant to his proposal to revamp Social Security and say they are uneasy with Mr. Bush's ability to make the right decisions about the retirement program, according to the latest New York Times/CBS News poll.

The poll underscores just how little headway Mr. Bush has made in his effort to build popular support as his proposal for overhauling Social Security struggles to gain footing in Congress. At the same time, there has been an increase in respondents who say that efforts to restore order in Iraq are going well, even as an overwhelming number of Americans say Mr. Bush has no clear plan for getting out of Iraq.
On Social Security, 51 percent said permitting individuals to invest part of their Social Security taxes in private accounts, the centerpiece of Mr. Bush's plan, was a bad idea, even as a majority said they agreed with Mr. Bush that the program would become insolvent near the middle of the century if nothing was done. The number who thought private accounts were a bad idea jumped to 69 percent if respondents were told that the private accounts would result in a reduction in guaranteed benefits. And 45 percent said Mr. Bush's private account plan would actually weaken the economic underpinnings of the nation's retirement system.

BY THE WAY, DID ANYONE WATCH GREENSPAN BEFORE THE HOUSE ON CSPAN. GREENSPAN IS A LITTLE PUSSY. HE WON'T OUT AND OUT TAKE ON THE ADMINISTRATION. HE LIKES PRIVATE ACCOUNTS, BUT NOT FOR THE REASON THAT IT WILL SOLVE THE SOCIAL SECURITY MESS. HE LIKES PRIVATE ACCOUNTS BECAUSE IN THEORY THIS TAKES THE MONEY AWAY FROM CONGRESS.

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