Posts Tagged ‘privatization’

It Could Be Worse

September 19, 2008

As we watch the current economic crisis and failing financial institutions, and as some near retirement see portfolio losses, remember which presidential candidate voted for Bush’s 2006 plan to privatize Social Security and who, in his 2000 presidential campaign, proposed diverting Social Security to private accounts. Imagine how much worse it would be for those depending on Social Security if Bush and McCain had had their way.

When McCain said, “The issue of economics is not something I’ve understood as well as I should,” believe him.

Update: McCain had the audacity to say the following yesterday:

“While Fannie and Freddie were working to keep Congress away from their house of cards, Senator Obama was taking their money,” the Republican nominee for president says. “He got more, in fact, than any other member of Congress, except for the Democratic chairmen of the committee that oversees them. And while Fannie Mae was betraying the public trust, somehow its former CEO had managed to gain my opponent’s trust to the point that Senator Obama actually put him in charge of his vice presidential search….”

Really, McCain should take a look at his own staff: AIG, Merrill Lynch, and Lehman Brothers lobbyists. And in 2008, Freddie and Fannie directors, lobbyists, and officers have contributed nearly 10 times more to McCain’s campaign than to Obama’s.

The McCain lies and flipflops continue.