Obama hits McCain on Social Security
Posted September 20, 2008 12:01 PM
The Swamp
Sen. Barack Obama, D-Ill., center, with Kansas Gov. Kathleen Sebelius, left, and Arizona Gov. Janet Napolitano at a rally in Daytona Beach, Fla., Saturday, Sept. 20, 2008.(AP Photo/Reinhold Matay)
by John McCormick
DAYTONA BEACH, Fla. - Appearing in a state heavy with retirees, Sen. Barack Obama today criticized Sen. John McCain for supporting the privatization of Social Security, an attack timed to take advantage of the current instability in the stock market.
"Without Social Security half of elderly women would be living in poverty," Obama said. "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. How do you think that would have made folks feel?"
During a campaign stop on a university campus here, Obama said millions would have 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 their fathers, their grandmothers and grandfathers, the secure retirement that every American deserves," he said. "So I know Sen. 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 and that is not going to happen when I am president of the United States."
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