President Bush plans to reactivate his reelection campaign's network of donors and activists to build pressure on lawmakers to allow workers to invest part of their Social Security taxes in the stock market, according to Republican strategists.
White House allies are launching a market-research project to figure out how to sell the plan in the most comprehensible and appealing way, and Republican marketing and public-relations gurus are building teams of consultants to promote it, the strategists said.
Vice President Cheney says workers could put part of their taxes in stocks.
(Evan Vucci -- AP)
_____Bush's Second Term_____
MSNBC Video: The Washington Post's Mike Allen discusses President Bush's plan to shift the focus of his presidency to domestic issues.
The campaign will use Bush's campaign-honed techniques of mass repetition, never deviating from the script and using the politics of fear to build support -- contending that a Social Security financial crisis is imminent when even Republican figures show it is decades away.
Bush aides said that in addition to mobilizing the Republican faithful and tapping the power of business, they plan to target minority voters who have not been able to afford to save and might be open to the argument that the president's plan would turn them into investors. The campaign will also court younger voters, including many Democrats, who would potentially benefit the most from the change.
The president plans to ask Congress to allow younger Americans to put at least one-third of the 6.2 percent payroll tax into private accounts, which will offer a set number of investment options similar to the thrift savings plans provided to federal workers. The administration has also signaled that it will propose changing the formula that sets initial Social Security benefit levels, cutting promised benefits by nearly a third in the coming decades.
With resistance hardening among congressional Republicans, the White House is escalating efforts to get Social Security restructured this year. There will be campaign-style events to win support and precision targeting of districts where lawmakers could face reelection difficulties. As Republicans signaled earlier, they have begun hard-hitting television ads to discredit opponents and prop up the Bush plan.
The same architects of Bush's political victories will be masterminding the new campaign, led by political strategists Karl Rove at the White House and Ken Mehlman at the Republican National Committee.
Bush set the tone for campaign-style lobbying earlier this week with a speech promoting his plan. Yesterday, during an appearance at Catholic University, Vice President Cheney sought to counter opponents' arguments about the risks of the plan, saying that limiting investment options should keep the accounts safe, while harnessing the power of the stock market should provide a far higher rate of return than Social Security reserves now receive.
"Young workers who elect personal accounts can expect to receive a far higher rate of return on their money than the current system could ever afford to pay them," Cheney told an audience of college students and administrators.
This morning, White House budget director Joshua B. Bolten will begin courting business on the issue with a speech at the U.S. Chamber of Commerce. And that is all before Bush takes the oath of office for a second term on Thursday and delivers his State of the Union address on Feb. 2.
Mehlman, who was the Bush-Cheney campaign manager and is the RNC's incoming chairman, said the campaign apparatus -- from a national database of 7.5 million e-mail activists, 1.6 million volunteers and hundreds of thousands of neighborhood precinct captains -- will be used to build congressional support for Bush's plans, starting with Social Security.
"There are a lot of tools we used in the '04 campaign, from regional media to research to rapid response to having surrogates on television," he said. "That whole effort will be focused on the legislative agenda."
Democrats, scrambling to organize in the face of a multimillion-dollar juggernaut, have yet to settle on any particular counterargument but said they believe Bush's rollout of the idea has been rocky and new details will give them more ammunition.
"When they put their plan on paper, the numbers will not add up," said Rep. Robert C. "Bobby" Scott (D-Va.). "All these plans will cost more than just coming up with the money to fix the present system. They can spin them and spin them, but that will not change."