Campaign Airs New TV Ad, “High and Dry”, on Keeping Promise to America’s Workers
Obama’s Discusses Plan to Strengthen Retirement Security and Reclaim American Dream
DES MOINES – At a roundtable discussion in Ottumwa, Senator Barack Obama today discussed his plan to reclaim the American Dream by strengthening retirement security, providing incentives to increase personal savings and ensuring retirees receive the benefits earned from a lifetime of hard work.
“Americans who work hard their entire lives have earned a retirement that is secure and dignified,” Obama said today. “But Washington is not working to preserve this fundamental part of the American dream. That’s why my agenda for retirement security will lift up savings for working people, and reform bankruptcy laws to protect your pensions.”
Senator Obama’s plan to strengthen retirement security includes steps to ensure private companies properly fund their pension plans. Obama will also protect employees and retirees in corporate bankruptcy court by ensuring pension benefits and jobs aren’t the easiest thing for companies to shed. Click here for a fact sheet on Senator Obama’s plan to strengthen retirement security: http://iowa.barackobama.com/RetirementSecurityFactSheet
Today’s roundtable took place as the Obama Campaign aired a new television advertisement entitled, “High and Dry.” The ad features David Hartgrave, a Cedar Rapids resident whose pension was raided when CEO’s decided to pull $19 million from the pension fund leaving Hartgrave with $379 each month.
“I’m telling the CEOs it hurts America when they cash out, and leave workers high and dry,” Obama says in the television ad. “It’s an outrage. You’ve gotta have somebody in the White House who believes it’s an outrage.”
