November 8th, 2007
11:15 AM ET
15 years ago

Obama to CEOs: Don't leave workers 'high and dry'

WASHINGTON (CNN) - Democratic presidential hopeful Sen. Barack Obama released a new campaign ad Thursday attacking CEOs for leaving their employees "high and dry" by taking money out of their retirement funds.

"I’m telling the CEOs it hurts America when they cash out and leave workers high and dry," Obama, D-Illinois, said in the ad. "It’s an outrage. And you’ve got to have someone in the White House who believes it’s an outrage."

The ad focuses on David Hartgrave, a former Farmstead employee from Cedar Rapids, Iowa. He said he was promised $1500 a month after he retired, but the company took $19 million out of the pension fund and he ended up getting $379.

"Barack Obama’s gonna look out for me," Hartgrave said in the ad.

The commercial started running in Iowa as Obama traveled through the state to promote his proposal to save American workers' pensions. As part of his plan, Obama said he would eliminate income taxes for seniors and protect social security benefits.

Obama rolled out his plan as a CNN/Opinion Research Corporation Poll shows him way behind Sen. Hillary Clinton, D-New York, among workers that make less than $50,000 a year. Of those workers, 51 percent supported Clinton, while 21 percent supported Obama.

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–CNN Associate Producer Lauren Kornreich

soundoff (26 Responses)
  1. Patrick, Philadelphia, PA

    A year ago I had no idea who Obama was. Now, the more I hear him speak the more I like him. A year ago I wanted to vote for Clinton. Now I don't think that will happen. I am a democrat. What shall I Do?

    November 9, 2007 01:13 pm at 1:13 pm |
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