May 19, 2008

GOING THREE FOR THREE:

Obama links McCain's Social Security stance to Bush's: The Democratic contender, speaking to retirees in Oregon, continues to essentially ignore rival Clinton. The state holds its primary Tuesday. (Nicholas Riccardi, 5/19/08, Los Angeles Times)

Sen. Barack Obama today continued his efforts to tie presumptive Republican presidential nominee John McCain to President Bush, contending that the Arizona senator's Social Security proposal was simply a continuation of Bush's failed attempt to privatize the government-sponsored retirement plan.

"Privatizing Social Security was a bad idea when George Bush proposed it," Obama told a forum at an assisted-living facility here. "It's a bad idea today."

Obama also criticized McCain for proposing to raise the age and income eligibility for Social Security.


Perfect! We've just run this race twice--stock liberal senator vs. Southwestern conservative running on SS reform--and the GOP has won it twice. The unwillingness of 40 Democratic senators to modernize a welfare program along the lines of 401k's is not the unwillingness of the electorate to do so. You can't be the candidate of change if you refuse to consider bringing FDR's legacy up to date.

Posted by Orrin Judd at May 19, 2008 6:56 AM
Comments

The Democratic contender, speaking to retirees in Oregon, continues to essentially lie about "Privatizing Social Security" and frightening seniors into thinking they would risk losing their benefits.

Kerry et al did it as did Clinton on the issue of C.O.L. moderation back in 1992.

Has he no conscience either?

Posted by: Genecis at May 19, 2008 11:53 AM

Time for that simple chart--how much money would you have if you turn 65 tomorrow and your lifetime SS taxes had gone into an index fund?

Posted by: b at May 19, 2008 1:16 PM

The Democrats - defending a 0.9% rate of return to the death!

McCain doesn't have to make this a big issue, just point out that the Dems believe in and defend a no-growth retirement fund, which is fed by regressive taxation. What can Obama say - "I love FDR"?.

Posted by: jim hamlen at May 19, 2008 5:21 PM

Actually, I'm pretty sure that if McCain were to show a graph that demonstrates how terrible SS is as a savings plan, he'd lose the votes of all the bitter retirees who would cling to their current awful checks and not want anyone else to get a better deal.

Posted by: b at May 19, 2008 5:55 PM
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