The Obama Social Security 'Slight-of-Hand': Will Obama say anything just to get elected?
[John K. Matyi] You may have noticed that the Obama camp has been using their favorite tactic (well second favorite, their first is 'The Race Card') called the 'scare the seniors' tactic. With what has been happening in the Stock Market of late here is his message for the seniors in Daytona, Florida. In key battle grounds he is actually spending over ten million dollars per week, showing his commercials 110 times per day!
Traveling in a state loaded with seniors, he also accused John McCain of wanting to privatize Social Security, saying under McCain's plan millions of Floridians would have watched as their "their nest egg disappeared before their eyes" during the stock market's free fall early this week.
Analysis
(From FactCheck.org):
Obama's Social Security Whopper September 20, 2008Updated: September 22, 2008
He tells Social Security recipients their money would now be in the stock market under McCain's plan.
False.
In our "Scaring Seniors" article posted Sept. 19 we took apart a claim in an Obama-Biden ad that McCain somehow supported a 50 percent cut in Social Security benefits, which is simply false. Then, on Saturday Sept. 20, Sen. Barack Obama personally fed senior citizens another whopper, this one a highly distorted claim about the private Social Security accounts that McCain supports.
What Obama SaidObama, Sept. 20: And I'll protect Social Security, while John McCain wants to privatize it. Without Social Security half of elderly women would be living in poverty - half. But if my opponent had his way, the millions of Floridians who rely on it would've had their Social Security tied up in the stock market this week. Millions would've watched as the market tumbled and their nest egg disappeared before their eyes. 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. So I know Senator McCain is talking about a "casino culture" on Wall Street - but the fact is, he's the one who wants to gamble with your life savings.
That's untrue. All current retirees would be covered by exactly the same Social Security benefits they are now under what the Obama campaign likes to call the "Bush-McCain privatization plan," which Bush pushed for unsuccessfully in 2005. more...
[John K. Matyi] Please read the entire article because it is very revealing about the intent of Obama's comments, regardless of the fact that they are false. He will say whatever is necessary to win the election.
[John K. Matyi] Please read the entire article because it is very revealing about the intent of Obama's comments, regardless of the fact that they are false. He will say whatever is necessary to win the election.
Posted by John K. Matyi at Monday, September 22, 2008 10:25 AM 
Categories: Barack Obama, Social Security, Economics
Categories: Barack Obama, Social Security, Economics
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