It turns out the Bushies succeeded in (or got away with) "privatizing" the federal Pension Benefit Guaranty Corporation:
WASHINGTON - Just months before the start of last year's stock market collapse, the federal agency that insures the retirement funds of 44 million Americans departed from its conservative investment strategy and decided to put much of its $64 billion insurance fund into stocks.
Good timing, Bushies! Another smart move. David Kurtz:
Bush was able to do for the PBGC what he tried and failed to do for Social Security.