PoliticsPA: New DSCC ad hits Toomey on derivatives, Social Security (VIDEO)

A new ad that begins airing Wednesday from the DSCC portrays Pat Toomey as a champion of Wall Street, not the middle class, and raises the specter of what Democrat’s say is the Republican Senate nominee’s plan to privatize Wall Street.

It’s the second ad run by the DSCC campaign and comes a day after Sestak unveiled his first spot of the general election campaign, which, like the DSCC ad, linked Toomey to Wall Street. The DSCC did not reveal the ad buy or if it would run statewide.

Sestak and Toomey have battled over the Republican’s proposal for Social Security, which he says would give younger people the option to invest in the stock market with regulated accounts. It’s a plan similar to what President George W. Bush tried unsuccessfully to do in this second term, but he denies that it amounts to “privatization,” calling the term a pejorative designed to weaken support for it.

Democrats point to an array of articles published earlier this decade that appear to show Toomey supporting Bush’s plan to change Social Security, which at that time was widely known as “privatizing” it.

A narrator in the ad says of Toomey’s plan, “It would give billions to Wall Street but put your Social Security at risk in the stock market.”

“Privatizing Social Security. Helping Wall Street,” it continues. “Pat Toomey: He’s not for you.”

One Response

  1. When Chuck Shumer ran the DSCC he released a letter saying INDY MAC was insolvent causing a run on the bank and a takeover by the Government. The government sold the Bank and its good assets to 4 hedge funds, one run by George Soros. The other big contributor to the DSCC was Jon Corzine former wall street billionaire who bought the governorship of New Jersey. So with many of the Wall Street Billionaires, Union multimillionaires, and Senate Democratic Party multimillionairs who contribute to these ads opposed to Toomey he must have something good to accomplish.

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