from The New York Times
"I've never thought that privatizing Social Security made a lot of sense," said [New York mayor Michael R.] Bloomberg, who, like Mr. Bush, is a Republican. "I think what you'd see is that people would invest...unwisely."
He added, "These are not monies that people should be speculating with."
...[Former City Council minority leader] Mr. Ognibene used Mr. Bloomberg's comments to once again paint him as a disloyal Republican. "He's trying to be negative rather than be supportive of the president's initiative to try to save Social Security," Mr. Ognibene said yesterday. "From that point of view, it's not very Republican."