The 401(k) experiment has been a disaster, a disaster which threatens to doom millions to economic misery during the later years of their lives.
His proposed solution of sharp increases in Social Security benefits seems unlikely, to say the least.
That said, I thought at the time and think today that Bush's effort to privatize SS is underrated as a driver of the Democratic resurgence in national politics.
In my limited experience, retirement plans are not very well managed. Other people seem to have noticed.
Which means we have a big problem without likely solutions.