Obama's Social Security Whopper

FactCheck by Brooks Jackson | Sep. 21, 2008 (Review)

In Daytona Beach, Obama said that "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." He referred to "elderly women" at risk of poverty, and said families would be scrambling to support "grandmothers and grandfathers."

That's not true. The plan proposed by President Bush and supported by McCain in 2005 would not have allowed anyone born before 1950 to ... Full Story »

Posted by Leo Romero

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Stephan Laurent-Faesi
3.5
 by Stephan Laurent-Faesi - Oct. 1, 2008

FactCheck.org is always very good at digging the details and demonstrating whether a claim is false or true, or exaggerated or glossed over. In this case they address the hyperbolic way in which Obama turned the current Wall Street crisis into a nightmare had Bush & McCain succeeded in privatizing Social Security. While the facts as checked are not correct (no one over the age of 58 would have been phased in into the new system, so technically Obama was wrong) the point made by the candidate was that the whole philosophical approach of privatization is dead wrong. So in this case FactCheck.org, while technically correct, proves to be nitpicky.

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