All of George’s efforts within the federal government to “educate” Americans about the “flat bust” Social Security system have been aided by an adjunct group outside of government. This group of robber barons, called Compass, has lost a key member of its contingent:
Signaling more troubles ahead for President Bush’s campaign to overhaul Social Security, a group representing the nation’s biggest financial companies said Monday that it had decided not to renew its membership in a business coalition raising millions of dollars to back the effort.
The Financial Services Forum, which represents chief executives from such corporate heavyweights as American Express, Citigroup and Goldman Sachs, was a co-founder of the Coalition for the Modernization and Protection of America’s Social Security, or Compass. But it left the coalition last month after its members failed to agree on Bush’s plan to let workers divert some of their payroll tax into individual investment accounts.
A lost funding source and lost resources within the robber baron community. This is a massive blow to Bush’s piratization effort. Finally, some business people are sensing that f’ing with the elderly’s income is bad for business, especially if their fingerprints are on the end product. And you know the Who-Me? Bush administration will be the first to diffuse any blame ascribed to it should the piratization plan actually come through.