Bush's Social Security Hard Sell: Pandering to Blacks, or Pandering of Blacks?

On Tuesday, 25 Jan 05, President Bush reached a new level of cynicism by telling black supporters that his plan to add private accounts to Social Security would benefit blacks, who tend to die younger and thus contribute more to Social Security than they receive in benefits. 

Because it is too late for me to die young, I can only speculate that, were I doing so, my premature demise would rank higher, on my list of regrets, than my loss of Social Security premiums.  In 1999, Doctors Wang, Remington, & Kindig, of the Department of Preventive Medicine, University of Wisconsin Medical School, attributed the mortality gap between blacks and whites to “income, social class, . . . the environment, [and] disparities in access to medical care and preventive services.”  Under the Bush “reforms,” a black American who beat the odds and survived to 65 might find Social Security benefits diminished by transition costs and the value of his private account depleted by administrative fees and market losses. 

If Bush really wanted to help blacks (rather than merely flog his reforms on their backs), he could improve life expectancy across the entire population by requiring a living wage, equitably allocating tax burdens, increasing tuition assistance, enforcing environmental and workplace regulations, and guaranteeing health care.  But he wasn’t installed in the White House to do that, was he? 

The original story, from the Los Angeles Times, follows below. 

Jan. 25, 2005, 11:25PMBush makes Social Security pitch

Meeting with black supporters intended to boost public acceptance for overhaul plans

Los Angeles Times

WASHINGTON - Race became a significant factor in the debate over Social Security on Tuesday when President Bush told black leaders that the government retirement program shortchanged blacks, whose relatively shorter lifespan means they pay more in payroll taxes than they eventually receive in benefits.

Bush's comments came during a private White House meeting with 22 black religious and business leaders who backed his re-election last year — marking a new line of argument in the president's attempts to win support for adding worker-owned investment accounts to Social Security.

The conversation demonstrated the White House's determination to build on outreach efforts to blacks that proved effective in battleground states last year, adding Social Security to a list of moral issues — such as opposition to same-sex marriage and support for faith-based social programs — that Republicans see as providing common ground with black conservatives.

White House officials did not release a transcript of the hourlong meeting, but several participants said Bush was adamant that his Social Security plan had special appeal to blacks — and that he intended to make that point in public.

"He brought to our attention that African-Americans in particular need to understand how Social Security in its present condition affects the African-American community," said Michelle Bernard, senior vice president of the conservative Independent Women's Forum, a Washington policy group.

Robert Woodson, who heads the National Center for Neighborhood Enterprise, said Bush's remarks were well-received.

"He feels that we need to have some options," said Woodson, whose organization focuses on community revitalization effort in low-income areas

Underscoring the rift among black leaders, the president's remarks are likely to meet resistance today when members of the all-Democrat Congressional Black Caucus are scheduled to visit the White House.

Caucus leaders contend that blacks rely disproportionately on disability and survivors' benefits paid by Social Security, and that Bush's changes would jeopardize the entire system — hurting black beneficiaries far more than the private accounts might help them. Furthermore, the White House's opponents argue, the vagaries of the stock market could leave private-account holders with fewer benefits than the current system guarantees.

"We're very concerned that the administration has been less forthcoming on the real impact of these individual accounts on African-American families," said Maya Rockeymoore, vice president of research and programs for the Congressional Black Caucus Foundation. "When you look at the different ways that African-Americans rely on Social Security ... we're likely to be devastated."

Rep. William Jefferson, D-La., a Black Caucus member, estimated that 68 percent of disabled blacks were being kept out of poverty by current disability benefits, while almost 80 percent of blacks age 65 and older were dependent on Social Security for more than half their income.

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If you step back and look at

If you step back and look at the Rove/Dubya doctrine, it's obvious why they would not support social programs aimed at improving the lives of AAs, or any group: there's no profit in it for corporate America.

The BA push for SS "reform" is purely profit-motivated, and only Wall Street and corporate investors will reap the benfits. It's just more neoconervative smoke and mirrors, and they will twist and spin any half-truth they can find to sell their "ownership society" garbage.

those lucky devils

so the nushites now sates that blacks and latinos may be luck to get more soscial security benefits 'cause they are lucky enough not to like as long- praise to bush for not allowing people to outlive their economic viabilty.

words seem to no longer have meaning- isnt it time to stop writing and bloging, and time to take to the streets?

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