NRO's Jonah Goldberg watched the Social Security hearings on C-Span last night, and then had this to say:

The only outspoken witness in favor [of private accounts] was my old friend Derrick Max. I thought Derrick did a great job, especially given the odds. But I have to say that I thought the liberals made some very strong arguments, including [Brad] DeLong (who, to date, has never had a kind word for yours truly). I'm still in favor of reforming the system and I'm still in favor of private accounts, but I thought the arguments were pretty persuasive that there are serious downsides to the idea too.

I'm not ready to engage in any stick-a-fork-in-it talk yet, but if that's Jonah Goldberg's (!) gut reaction to an honest discussion of private accounts, this president's plan is in deep, deep doo-doo, indeed.