PBGC Scam: In the Summer, They Still Believed They Could Win
The market was beginning to crash, and Rove knows you can’t win an election if the economy sucksBy: emptywheel Monday March 30, 2009 6:40 pm
I have just one thing to add to the great discussion on the report that the Pension Benefit Guarantee Corporation's decision
last summer to move the pension fund out of bonds and into stocks.
.........................
First, we know from the fear-mongering about voter fraud and the plans to use foreclosure lists to vote-cage that
the Republicans still believed they had a shot of winning New Mexico, Nevada, Ohio, and Michigan. Last summer, at the time this decision was made but before the switch was enacted (according to the vague dates in the story), Republicans still believed they had a shot at winning the Presidency.
Second, we know that the Bush Administration used federal resources for political ends.
Third, the market was already beginning to tank when they made this decision. And
Karl Rove knows you don't win elections if the economy isn't "strong."
Call me crazy. But it sure looks like some Bush flunkie put the potential retirement of a bunch of Americans up in smoke so a guy who married a $100 million sugar momma would have a shot at being President. more at:
http://emptywheel.firedoglake.com/2009/03/30/pbgc-scam-in-the-summer-they-still-believed-they-could-win/