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Obama says McCain would gamble with retirement funds September 20, 2008

Posted by trouble97018 in Economy, McCain, News, Obama, Politics.
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By John Whitesides, Political Correspondent Sat Sep 20, 4:27 PM ET

DAYTONA BEACH, Florida (Reuters) – Democrat Barack Obama accused Republican presidential rival John McCain on Saturday of wanting to gamble with the retirement savings and health care of Americans by subjecting them to the uncertainty of open markets.

As the government prepared another costly bailout of the reeling U.S. financial system, Obama said McCain’s support for privatizing Social Security and opening up the health care system to market forces would put Americans at financial risk.

He attacked McCain for supporting some privatization of Social Security retirement funds, a proposal President George W. Bush made a centerpiece of his 2004 White House campaign but was unable to push through Congress.

“I know Senator 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,” Obama said at a rally in Daytona Beach in Florida, a state with a large population of seniors and retired workers. Source Article

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