From NBC's Mark Murray
This Obama TV ad has been running in battleground states since earlier in the week. But the campaign finally issued a press release about it.
Its message: 1) McCain backed Bush's plan in 2005 to partially privatize Social Security, allowing workers to put some of their Social Security money in the stock market; 2) Had such a plan passed, people's retirement money would be at risk given the current crisis on Wall Street.
Obama: I'm Barack Obama. And I approve this message.
Female narrator: A broken economy. Failing banks. Unstable markets
To protect us in retirement…
Social Security has never been more important.
But John McCain's voted three times in favor of privatizing Social Security
McCain says, "I campaigned in support of President Bush's proposal."
Cutting benefits in half. Risking Social Security on the stock market.
The Bush-McCain privatization plan. Can you really afford more of the same?
*** UPDATE *** Factcheck.org takes issue with the ad's contention that the Bush Social Security plan would have cut benefits in half. Citing a report by Obama economic adviser Jason Furman, Factcheck.org says that the plan would have cut benefits by 28% -- not half. (Hat tip: Politico's Ben Smith.)