BILL MOYERS' GUEST IS WRONG TO CRITICIZE OBAMA'S AD ON MCCAIN'S PLAN FOR PRIVATE ACCOUNTS

I saw and heard Kathleen Hall Jamieson's analysis of various campaign ads last night on Bill Moyers Journal. Jamieson said that Obama's ad on McCain's proposal to create private accounts in lieu of Social Security retirement income was "dirty politics." I strongly disagree with Jamieson.

I found Obama's take right on, contrary to Ms. Jamieson's description. Those private accounts favored by Bush and McCain would divert contributions of younger workers to their own private accounts, thus depriving older retirees of monies necessary to pay for their SS retirement benefits. While it would take some time for this to affect current SS recipients, it still would occur sometime in the future. Furthermore, in today's market meltdown, all types of assets have been decimated. That includes bonds as well as stocks. So 1) Jamieson is not correct in saying that certain types of accounts would protect against market melt-down, or 2) that McCain/Bush SS privatization would not have an effect on retirees or future retirees.