Obama's Social Security Whopper

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  • Posted By: historybuff1 @ 09/20/2008 10:58:36 PM

    I'm confused--there is a video of McCain on Huffington Post saying that the Tnly way to save Social Security would be to privitize it. Shame on Newsweek? Shame on Factcheck? To the video, folks.

  • Posted By: cooned @ 09/20/2008 9:02:36 PM

    Actually, Obama was mainly raised by his wealthy grandparents. He attended an elite prep school beginning in 5th grade. He never even had a job until after he graduated from college, aside from 1 summer internship. All the poor kids I knew in college, along with most of the rich kids, worked at least during the summer. In fact, Obama once stated that he "worked his way through college" , a statement that was debunked and exposed as a lie.Obama doesn't know what it's like to be poor.

    • Posted By: max in fl @ 09/20/2008 9:58:52 PM

      cooned

      That would explain the school loan he recently paid off. While McCain can use his foundation to give private school charitable donations of roughly $500,000 the same time his children attended and write it off. Do you think they'll have school loans?

      Cooned, as in taken in by a coon, very creative the way you modified a racial slur.

    • Posted By: jimschafer @ 09/20/2008 9:45:48 PM

      Obama is not lying, you just can't handle the truth after the lies the current administration has deceived the American people with for the past eight years. What kind of person cannot see , on every front, how utterly FAILED the Bush/McCain policies have been. The economy is a disaster , a horrific war has slaughtered our men and over two hundred thousand Iraqi civilians , the world hates us, Bush pulled us out of the world enviorment treaty, our schools and teachers are broke, our health insurance system corrupt and unaffordable, and our boarders broken.
      So please spare us the McCain fantasy. He;s just a sad old puppet, hanging half embalmed with his beauty mask baracuta from a very ugly hook called The Republican Party.

  • Posted By: MakeN Sense @ 09/20/2008 9:40:50 PM

    What are you talking about, Obama was right. If McCain gets in office our Social Security is a lottery game. Why are you downplaying it? Why don't you recognize that the Republicans did not initiate, create, or participate in the beginning of Social Security? NOW THAT IS A FACT!!! Maybe it won't affect anyone born before 1950, but it sure in heck will affect the Obama generation and everyone born after 1950. Yeah, in a way your right if you want to get technical about it. So if you want to do that then the vast majority of people who stands to collect Social Security will be affected. If the Republicans were not so intent on breaking America's economy there would not be a problem in the first place!
    That puts me on another note. Republicans fixing something that they helped destroy? Ever since the Democrats created Social Security the Republicans have been trying to "save it". The Republicans had no participation in creating Social Security in the first place, so tell me why they are so great at saving it? If it wasn't for Democrats we would all still be working for .25cents an hour with no Social Security and the philosophy of let the working class take care of themselves and each other, and the rich and those in power take care of the rich. That, my friends is called being a CONSERVATIVE.

    Does the Republic of China scare anyone!!!!

    How about the Republic of America!!!!!!!

    Scary, huh........

  • Posted By: truonghpeter @ 09/20/2008 9:39:56 PM

    Another scare tactic was performed by Barrack Hussein Obama to the senior citizens. Bad!

  • Posted By: Spartacus @ 09/20/2008 9:32:18 PM

    How is this a lie? Social Security depends upon the working people of today to pay the benefits of the last generation. If enough people opt out, voluntary or not, the system will collapse. Maybe not today, because the money for today's retirees is already there, but eventually. I'm 39 and it might happen before I retire. Republicans gave always wanted to end SS, but couldn't because it would have been political suicide. However, if they can cripple it so that it dies on it's own, they can look at us and say "See? Social Security was never a viable system anyway." To soften the blow, they tell today's retirees that it won't affect them and it won't, but today's retirees don't seem to care that it will affect me. After all, they're getting theirs. Obama is not lying about this.

  • Posted By: Billybergh @ 09/20/2008 8:40:04 PM

    What Obama said is essentially true. A lot of people in their 50's are relying on Social Security, and the Market roller coaster proves privatizing it is unsafe.

    • Posted By: gomeya @ 09/20/2008 9:24:22 PM

      You can't draw SS in your 50s.

    • Posted By: stable @ 09/20/2008 9:20:52 PM

      People in their 50's dont receive Social Security silly. 62 is the early retirement age.

  • Posted By: Woman citizen @ 09/20/2008 9:22:45 PM

    Recently , a popular Scottsdale Arizona movie theater required crowd control barriers to accomodate voters on the fence , and the curious who had arrived to see the Obama film
    Hype The Obama Effect
    http://www.hypemovie.com/?gclid=CIbL2YPU65UCFSJIagodmjA0eQ


    Apparently the the community that supposedly received help from the "community organizer" remains just as it was before his arrival .
    There were no Obama supporters there at the end of the film.
    It exposes the true ability about the economics of the "community organizer" .

  • Posted By: JohnnyG @ 09/20/2008 9:21:36 PM

    You are being too kind when you refer to outright lies as "misleading exaggerations". When he said McCain would leave elderly women in poverty, parents and grandparens homeless, etc. he knew he was lying and then his campaign worker lies to back up his lie. Don't expect the truth at an Obama rally because "he can't handle the truth" ! I remember Lyndon Johnson using an ad showing a picture of Barry Goldwater then a closeup of two arms tearing up a social security card. I remember some elderly friends saying, "I won't vote for Goldwater because I saw him tearing up a social security card". They really believed that Goldwater would do away with social security. The Democrats know what they're doing, they know they're lying but they think the "end justifies the means". I believe voters today are smarter than they were forty some years ago and they will not "believe the lie", but will vote for the esperience and stability of John McCain.

  • Posted By: jimschafer @ 09/20/2008 9:07:39 PM

    OBAMA WAS RIGHT IN HIS STATEMENT ! SURE NO ONE OVER 58 WILL BE EFFECTED, BUT THE REST OF MILLIONS OF AMERICANS WILL ALL BE SUBJECTED TO THE RISK FACTORS THAT ARE SEEING OUR ECONOMY FALL CRITICALLY RIGHT NOW.. JUST BECAUSE THERE IS A 1950 CLUSE ATTACHED, THAT DOES NOT MEAN THE CONCEPT CHANGES, LEAVE SOCIAL SECURITY ALONE !! OBAMA IS RIGHT, IT'S A HORRID RISK, AND ONCE AGAIN MCCAIN IS DEAD WRONG .

    • Posted By: gomeya @ 09/20/2008 9:19:44 PM

      Get your facts straight before you sound off. It was going to be a choice for each person to make and only a SMALL percentage of your funds could be put in the market. For someone who wants to lead our country he sure wants to SCARE people into voting for him. ANd you fall right into the TRAP>

  • Posted By: zeke49 @ 09/20/2008 9:19:05 PM

    It amazes me that NEWSWEEK is so quick to point out that OBAMA is wrong about McCAIN/BUSH's social security plan. While McCAIN/PALIN have been lieing their teeth out about OBAMA and hardly a word from NEWSWEEK. Your bias amounts to propaganda.This is why I don't subscribe to your publications.If Newsweek is going to call the candidates out,please be consistent.Personally, I have had enough of the NEOCONS running this country into the ground.

  • Posted By: truonghpeter @ 09/20/2008 9:11:32 PM

    Another scare tactic was performed by Barrack Hussein Obama. Duh!

  • Posted By: jimschafer @ 09/20/2008 9:00:10 PM

    Obama is absolutely ON TARGET with the social security comments he made. Even if there is a clause that says no one born before 1950 would be involved, that still leaves Millions of Americans under 58 , at dire risks of losing everything they have worked for the past thirty years !! No Thanks !! Obama Is Right, McCain WRONG WRNG WRONG AGAIN !!!!

    • Posted By: observer101 @ 09/20/2008 9:04:35 PM

      Obama says the sky is falling...You should head for your bunker!

  • Posted By: Slon @ 09/20/2008 8:58:42 PM

    Newsweek: Retract this comment. You are distorting Obama's words as badly as the opposition. Of course, if SS were to get privatized it would take a while to work in--but McCain/Bush wanted to do this much earlier, and would have liked it to be in place for today's vulnerable Seniors. Plus, if it were to affect today's workers, of course it would destabilize the account for today's retirees.

  • Posted By: Richard Neville @ 09/20/2008 8:55:55 PM

    Harvybing. Again you are not up to date. Both men have stated that they are not part of the Obama team. If you don't believe this do a google search for stories explaining their non-connection.

  • Posted By: luke23 @ 09/20/2008 8:49:43 PM

    In March 2008, McCain told the Wall Street Journal, ???I'm totally in favor of personal savings accounts.??? When reminded that his website said something different, he said, ???as part of Social Security reform, I believe that private savings accounts are a part of it???along the lines of what President Bush proposed.??? He was for it, before he was against it. The byline on this article is false. Senator Obama was speaking about the effects of privatizing social security- and if it had been done when Bush got into office, billions more would have been lost. Social Security is more than a retirement fund. It also covers disability, and aid to dependent children. McCain doesn't know what his plans are from one day to the next. Mavericks usually don't.

  • Posted By: Richard Neville @ 09/20/2008 8:44:45 PM

    Doesn't the Social Security System use the payments from today's workers to pay the benefits of those who have retired? If so, wouldn't allowing today's workers to gamble part of their Social Security contributions in the stock market create problems for the system when the market experiences the melt down that happened this week? Therefore, privatization would put the system at risk and make it difficult for the government to maintain payments to those who have already retired? If this is the case then Senator Obama's statement was not false but rather simpler than it needed to be.

    Regarding privatization. How many of you out there want your future or dependent upon the stability of the stock market?

  • Posted By: LiberalTarian @ 09/20/2008 8:42:34 PM

    Obama's comments are based on McCain's support for GW Bush trying to privatize social security funds (so individuals can "invest" them), and on his own statements supporting privatization recently (although he doesn't like to call it that anymore, since everyone knows what it means). That is not a lie. What we have here is serial media balance syndrome--where each side must be presented as egregious liars if one side is caught lying.

    Save it. You couldn't report your way out of a wet paper bag. The media has made itself irrelevant, because it does not uncover the truth, only "each persons' side." Then, if a position is unpopular, they don't report on it at all, because it is too controversial. That's how we got into the Iraq war, a serious debacle costing trillions of dollars. Besides, everyone knows Big Brother is Big Media and their celebrity stooges who think they are the story. Drop dead. I believe Obama--not you, and sure as heck not Keating 5 McCain.

  • Posted By: Billybergh @ 09/20/2008 8:42:10 PM

    What Obama said about Social Security is essentially true. Privatizing it destroys it for the reason he cited: Market volatility would make Social Security insecure.

  • Posted By: LiberalTarian @ 09/20/2008 8:41:44 PM

    Obama's comments are based on McCain's support for GW Bush trying to privatize social security funds (so individuals can "invest" them), and on his own statements supporting privatization recently (although he doesn't like to call it that anymore, since everyone knows what it means). That is not a lie. What we have here is serial media balance syndrome--where each side must be presented as egregious liars if one side is caught lying.

    Save it. You couldn't report your way out of a wet paper bag. The media has made itself irrelevant, because it does not uncover the truth, only "each persons' side." Then, if a position is unpopular, they don't report on it at all, because it is too controversial. That's how we got into the Iraq war, a serious debacle costing trillions of dollars. Besides, everyone knows Big Brother is Big Media and their celebrity stooges who think they are the story. Drop dead. I believe Obama--not you, and sure as heck not Keating 5 McCain.

  • Posted By: nana4 @ 09/20/2008 8:40:48 PM

    No matter. The concept of prioritizing Social Security is a bad one. No matter who would be affected, this economic meltdown demonstrates that it is not a good idea for anyone, those 58 yrs and under, anyone. It removes the Security from Social. When I heard them say that, I knew the facts. I have a sister who is 58yrs old and I have children in their 40s. I do not think anyone's Social Security benefits are safe in the open market. If people choose to use their own monies to invest for retirement in the market, that is their business and their risk, and, if they lose most of it or it stops growing, at least they will have their Social Security.

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