Josh Marshall

Josh Marshall is editor and publisher of TalkingPointsMemo.com.

Articles by Josh

Oh, say it ain't so!

First, the New York Times gives the White House a smart salute and drops "private accounts" in favor of "personal accounts."

Now TPM friend Mark Murray of NBC News is signing on to the White House's new lexical directive and calling them "personal accounts" as well. From what we can tell, Mark and his colleagues at NBC's daily "First Read" were calling them "private accounts" as recently as 9:20 AM this morning.

Mark, please tell us this was a diktat from GE or Jeff Zucker and not something you came up with on your own ...

Why does a seemingly good-natured fellow like National Review editor Rich Lowry want to go about denigrating the president's Social Security plan by using swear words like "private accounts".

And he seems like such a mensch too ...

I was just on Al Franken's show a couple hours ago with Frank Luntz of all people. And in the course of the conversation I got to ask Luntz whether it was fair or appropriate for Democrats and/or journalists to refer to the president's policy as 'privatization' or the private accounts he wants to create as 'private accounts.' (As you the TPM reader know, these were the words that Republicans and other phase-out supporters themselves came up with.)

Luntz said that it is okay for Democrats to use these terms but not the press since that would mean they were taking sides in the debate. When I asked why this was so since these were words the president was using only a few weeks ago, what emerged in the course of the conversation is that it is apparently inappropriate for reporters to use a given term after the date on which the president stops using it.

(A logical corrolary of this reasoning would seem to be that they must use the new term the president designates, though I don't think Luntz said this explicitly.)

So whereas it was okay two months ago for reporters to use the term 'private accounts' they must now refer to them as 'personal accounts' because the president has now decided that that is the proper word.

Hopefully, Air America will post the exchange in question so that you can listen to or read it yourself and not have to rely on my (personal) account of it.

The New York Times seems to understand the new rules of the road. In the piece on the White House's emerging phase-out strategy, Edmund Andrews and Richard Stevenson are careful only to refer to them as "personal accounts."

Bayh votes against Rice? This Bayh for President blog proudly notes Sen. Bayh's vote against Condi Rice to head the shop over at Foggy Bottom and questions whether a senator willing to vote against Condi really deserves a seat of honor in the Fainthearted Faction.

I heartily agree. It's hard to believe that a senator stand-up enough to vote against the serially-incompetent Condi Rice could be so lily-livered on phasing-out Social Security.

Spongebob welcomed by United Church of Christ!

"Absolutely, the UCC extends an unequivocal welcome to SpongeBob," Rev. John H. Thomas, the UCC's general minister and president tells United Church News. "Jesus didn't turn people away. Neither do we."

Verily, the sponge which the builder rejects shall become the head cornersponge ...

Articles in tomorrow's Washington Times and New York Times show the White House conceding defeat in the initial skirmish over phasing-out Social Security. But, of course, the broader battle has scarcely even started.

The NY Times piece ("White House Looking for Ways to Ease Opposition to Social Security Overhaul") describes White House efforts to tweak their phase-out proposal (largely through shifting benefit cuts around) to calm opposition among Republicans and perhaps break the solid opposition from Democrats. The Wash Times piece has money-man Stephen Moore giving advice on "Getting Reform Back on Track," as the title of his piece puts it.

This is where we start to see what cards folks are really holding.

For Democrats, especially, the president has shown his hand. He wants to begin phasing-out Social Security and replacing it with a system of private investment accounts. Clearly, they're not dealing with a president who's about making some adjustments in the program to ensure its longterm viability. And that really should be all Democrats need to know. What we'll see now is whether, if President Bush makes the benefit cuts a bit less draconian or fiddles with the diversion of Social Security taxes, any of them are inclined to reward him.

This is key to the entire unfolding debate: do Democrats start looking for ways to ameliorate the damage caused by the president's phase-out plan or do they try to push the debate further on to why Social Security is good for America and should be retained. (Needless to say, whether Democrats do start to soften their position will have a direct and immediate effect on the willingness on Republicans to get back on board with the president's phase-out program.)

The question is not whether President Bush gets to phase-out 30% or 40% or 25% of Social Security in 2005. At least, it's not a question or a distinction that should concern Democrats or, for that matter, Republican supporters of Social Security. In the long run, whether we phase out 50% this year or 25% this year and another 25% in 2007 or some other mix isn't a matter of great consequence. The question is whether we start down the path of phasing it out at all.

The difference of opinion and values is pretty straightforward: Democrats support Social Security, the president supports private accounts. What is there to do but to find out where everyone stands?

Just a little background.

We've heard from a few of our spies who've been in private meetings that Sen. Evan Bayh (D) or Indiana has been holding around the country to get set to run for president in a few years. And the Senator is telling these folks that he doesn't think there's a Social Security 'crisis' and that he'd only support private accounts as an add-on to Social Security, not as carve outs -- in other words, he says he has the consensus Democratic position.

But apparently, he's very much of the opinion that he shouldn't state his position publicly until President Bush announces a specific proposal.

Of course, if recent experience is any guide, that will probably happen shortly after the bill comes out of conference and about three hours before both houses get convened to vote on it in the middle of the night. After all, anything else would amount to the president being reduced to negotiating with himself.

In any case, here's the stand Sen. Bayh takes on private accounts in letters to constituents ...

Vigorous debate continues to take place over proposals to create personal retirement accounts, also referred to as "privatizing" Social Security. Proponents of personal retirement accounts suggest that allowing individuals to invest a portion of their payroll taxes in the stock market would result in greater returns on the money, providing an increased financial yield for retirement. However, opponents of personal retirement accounts believe that subjecting Social Security to the risks of the stock market could lead to reduced benefits for many recipients. In addition, they raise the question of how the transition to a system of personal accounts could be financed given the reemergence of budget deficits. Finally, they note that individuals may not make wise investment decisions, as their timing for acquiring and selling the investments may be poor.

Get the lead outta that prose and put it to music that could almost be a Schoolhouse Rock, couldn't it?

He continues ...

As a member of the Special Committee on Aging, I have been carefully evaluating the various proposals for long term Social Security reform. I believe that all aspects of reform must be reviewed to ensure that the long-term viability of the Social Security system is restored. Please be assured that I will keep your views in mind as I continue to work with both sides of the aisle to formulate a long term solution to ensure that Social Security is able to meet its long term commitments to retirees and future generations.

I'd say he's in the Faction, wouldn't you?