Third Way has been trying to privatize Social Security since 1990s. This is not playing chess.

[madfloridian]

69. Obama will now have to "deal with the losers in a globalized economy." His own words.

He said it would not be bloodless, and it is not going to be. He was right in 2006 when he said those words.

Obama and the Hamiltonian Democrats.

Obama is speaking of Robert Rubin. They were talking about the "losers" in the new free market economy.

Bob and I have had a running debate now for about a year about how do we, in fact, deal with the losers in a globalized economy. There has been a tendency in the past for us to say, well, look, we have got to grow the pie, and we will retrain those who need retraining. But in fact we have never taken that side of the equation as seriously as we need to take it. So hopefully, this is not just going to be a lot of preaching to the choir. Hopefully, part of what we are going to be doing is challenging our own conventional wisdom and pushing boundaries and testing these ideas in a vigorous and aggressive way.

....Just remember, as we move forward, that there are real consequences to the work that is being done here. There are people in places like Decatur, Illinois, or Galesburg,Illinois, who have seen their jobs eliminated. They have lost their health care. They have lost their retirement security. They don't have a clear sense of how their children will succeed in the same way that they succeeded. They believe that this may be the first generation in which their children do worse than they do. Some of that, then, will end up manifesting itself in the sort of nativist sentiment, protectionism, and anti-immigration sentiment that we are debating here in Washington. So there are real consequences to the work that is being done here. This is not a bloodless process.

Seniors will be the "losers", and I fear the Democrats up for re-election will also be losers if the president follows through on compromising with the extremists.