Dems jump on Frist fund losses


Geraldine Sealey
December 3, 2004 12:37AM (UTC)

Those feeling a little queasy about Republican plans to privatize Social Security probably won't feel much better after reading this Washington Post story about what happened to a Bill Frist campaign fund after it was invested in the stock market. After losing almost $460,000, the fund can't cover a hefty bank loan. Oops.

Democrats seized on the losses, turning them into ammo against Republican plans for the so-called third rail of American politics. The Post reported: "Todd Webster, spokesman for outgoing Senate Minority Leader Thomas A. Daschle (D-S.D.), said in an e-mailed statement that the losses raised questions about a Republican plan to let Americans invest a portion of their Social Security contributions in the stock market. 'He still thinks we should put seniors' Social Security funds in the stock market?!' Webster said." You don't often see quotes in newspapers ending in double-punctuation. Perhaps what Webster really wanted to write at the end there, though, was "?!@#$%&*"

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Geraldine Sealey

Geraldine Sealey is senior news editor at Salon.com.

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