From Album 5

Well, this won’t sit well with at least some of the Christie bromancers…but this really pokes a hole in his presidential aspirations, which already were at the zero lower bound. And it’s not like he doesn’t have a record with pension funds…a record that’s as abysmal as his poll numbers. Shoveling pension money by the truckload to hedge fund managers, who promptly squander it, isn’t courageous, no matter what he and the usual chattering-class suspects say.

Besides, if anyone really believes that would do anything positive to the Social Security trust fund, I’ve got a bridge from Fort Lee to Manhattan I’d like to sell them…