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McCain’s goal is to win; Obama’s goal is to matter

Thursday, 16 Oct 2008

Turmoil in financial markets threatens – if not undermines – our retirement savings. Coupled to rising costs for everything from health care to energy, senior citizens and others on fixed incomes are looking for a leader who will use the office of the Presidency to improve our financial security.

Seniors need ObamaSenator Obama has a plan to help America’s senior citizens. Barack Obama and Senator Biden intend to protect Social Security and make sure Americans can afford to retire. The Obama-Biden proposals will expand retirement savings program and create new pension programs. Obama’s plan will eliminate income tax altogether for seniors who make less than $50,000 per year.

The Obama-Biden plan will protect and strengthen Medicare, and allow the federal government to negotiate for cheaper drugs for the Medicare program, so seniors can afford their pills. Obama will also increase funding for LIHEAP, to help seniors pay their winter heating bills.

John McCain has a different view of Social Security and seniors. McCain wants to privatizes Social Security, as Bush had championed, so we’re all dependent on the vagaries of the stock market. We’ve seen the downside of that risky approach.  McCain, who championed deregulation in the stock markets, thinks the health care insurance industry should be similarly allowed to regulate itself. He says that will improve our health care without getting bureaucrats in the way, but he wants government bureaucrats to ride to the rescue of 11 million homes with bad mortgage deals, armed with $300 billion from the bailout plan.

I don’t understand McCain’s priorities or his rationale. Maybe he’s never heard of insurance companies controlling medical procedures and limiting access to prescriptions – he’s got better coverage than I do, certianly. Senior citizens just can’t afford McCain’s policies; he voted against much needed-increases in Medicare funding, taking away many seniors’ only access to health care.  He thinks the health care system is working just fine.

Obama-Biden spokesman Bill Burton called on McCain to support Obama’s New Small Business Rescue Plan, saying:

Barack Obama supports allowing senior citizens to delay withdrawals from 401(k)s, and believes we don’t have to wait for Congress to act to provide seniors with these protections. He’s calling on the Treasury Secretary to temporarily suspend Treasury regulations and allow seniors to delay these withdrawals. He also hopes that Senator McCain will reconsider his ill-advised support for Social Security privatization, which suffers from the very same problem he is now trying to solve since it would potentially force seniors to retire when the market is down and their retirement accounts have disappeared. Senator Obama also calls on Senator McCain to support his new small business rescue plan that will extend badly-needed credit and tax relief to the men and women who are creating jobs in this troubled economy.

Learn more about the Obama-Biden plan for Seniors and Social Security. And visit JohnMcCainRecord.com to compare McCain’s stance on the issues.

JMRecord

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