News, Obama Criticizes McCain on Social Security. (voters, Mexican, campaign)

[John1960]

DAYTONA BEACH, Fla. — Senator Barack Obama delivered an ominous warning to Florida voters on Saturday, suggesting that Senator John McCain would “gamble with your life savings” by investing Social Security money in private accounts that could be affected by the roiling financial markets.

http://www.nytimes.com/2008/09/21/us...cA&oref=slogin

[2Adam29]

people may try to bring up the fact he said that if McCain had his way, the elderly in Florida would have lost their social security with recent bank collapse. However, he should have said, if the elderly NOW had been placed under his plan instead of them being "gradfathered"(no pun intended) into the new system. As a result, they were never at risk, but new social security users would be. And would be in the future when banks decline again. So Obama's point still carries, just not quite in the same exact instance he mentioned in a campaign stop.

[GOPATTA2D]

Originally Posted by John1960

DAYTONA BEACH, Fla. — Senator Barack Obama delivered an ominous warning to Florida voters on Saturday, suggesting that Senator John McCain would “gamble with your life savings” by investing Social Security money in private accounts that could be affected by the roiling financial markets.

http://www.nytimes.com/2008/09/21/us...cA&oref=slogin

This has been disputed on factcheck.org. McCain denounced it as a "new low for Obama". It is simply not true. Research before you post. It makes you look kind of silly, don't you think?

[2Adam29]

Originally Posted by NewMexicanRepublican

This has been disputed on factcheck.org. McCain denounced it as a "new low for Obama". It is simply not true. Research before you post. It makes you look kind of silly, don't you think?

so do you. look at my post.

[sanrene]

FactCheck.org: Obama's Social Security Whopper

washingtonpost.com

Obama has been furthest out of line, however, on Social Security, stooping to the kind of scare tactics he once derided.

"If my opponent had his way, the millions of Floridians who rely on it would have had their Social Security tied up in the stock market this week," Obama said Saturday as he campaigned in that retiree-heavy state. "Millions of families would've been scrambling to figure out how to give their mothers and fathers, their grandmothers and grandfathers, the secure retirement that every American deserves."

This is simply false -- even leaving aside the incendiary language about "privatizing" Social Security. As the invaluable FactCheck.org noted, the private account plan suggested by President Bush and backed by McCain would not have applied to anyone born before 1950. It would not have changed benefits by a single penny for current retirees like the nice Florida folks that Obama was trying to rile up. The sensible notion was that workers at or near retirement age should be able to rely on promised benefits and should not be subject to the vicissitudes of short-term market fluctuations.

Obama? Engaging in scare tactics and lying, misleading ads? No way!