Republican congressional candidate Rick Crawford has a new TV ad out saying he won't cut Social Security. Naw, but he'd be happy to let you cut your own Social Security throat by privatizing it. The Chad Causey campaign lays out the facts.
Today, Rick Crawford launched his first television commercial of the general election. In it, he looks directly into the camera and says “I won’t cut Social Security.” Rick Crawford has already proven he has a unique relationship with the truth, which he displays again today.
FACT- Rick Crawford signed a pledge to divert Social Security taxes into private retirement accounts. [LauranIngram.com, accessed 5/16/10; Rick Crawford for Congress, 3/26/10]
FACT- Had seniors been relying on private social security accounts in the Stock Market during the 2008 collapse, they might have lost nearly 40% of their retirement savings in the 12 months leading up to the collapse. On October 9, 2007 the Dow Jones Industrial Average closed at 14,164.53. On October 9, 2008 the Dow Jones Industrial Average closed at 8,579.19. [History of Dow Jones Industrial Average, http://www.mdleasing.com/djia.htm; http://finance.yahoo.com/q/hp?s=^DJI&a=09&b=9&c=2007&d=09&e=9&f=2008&g=d&z=66&y=198]
“Once again, Rick Crawford is trying to tell people one thing when his real record is something else,” said Candace Martin, Causey campaign spokesman. “Rick has a pattern of not wanting to tell the whole story about his record. The people of Arkansas are smarter and deserve the truth.”