Tankers on the Take, By Paul Krugman
Not long ago Peter Ferrara, a senior policy adviser at the Institute for Policy Innovation, seemed on the verge of becoming a conservative icon. Before the Bush administration's sales pitch for Social Security privatization fell flat, admiring articles about the Bush plan's genesis often gave Mr. Ferrara credit for starting the privatization movement back in 1979.
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The article in BusinessWeek that started this whole thing, upon which all subsequent articles and Paul Krugman's commentary are based, omitted important statements and resulted in a complete misrepresentation. All subsequent who have written on this topic are guilty of passing on misrepresentation without bothering to fact-check. You can view IPI's and Ferrara's statements at www.ipi.org
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