Obama's Social Security Whopper

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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Review

Mark James
4.4
by Mark James - Oct. 1, 2008

Fact check is generally a fair organization. Obama went out on a limb on this one. I guess the Obama argument is A) If Bush's SS reform had passed, and B) one put ALL their money in financial stocks, and C) one was expecting Social Security 20 years from now, they would have lost a major part of the 25% of Social Security invested in the market. Its scare tactics carried to an extreme. But it probably works as a political campaign argument.

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