They are drawing money out because they are in desperate need of money to live on. NOBODY withdraws 401K or IRA money before 59 1/2 without a desperate need because of the huge penalties and tax implications caused by such a move. Remember, those with this type of savings are generally middle class and often professional and educated people.
Responsible people who saved their whole lives are being forced into poverty because their previous jobs have gone. They are in their late forties and early fifties and they are unable to get ANYTHING in their area of knowledge or field and any open jobs are going to the young because they are able to work for much less, are usually single (much cheaper to insure), and have a fifty percent unemployment rate.
There is real desperation out there and it effects real people. Many who have done everything right their whole lives. Their lives are burning while O’Bumbler and the Democrats fiddle.
It's worse than that. Obama and the 'Rats are the torches. Obama wants to break white America while he orders in wagyu beef and Mooch goes on $4,000,000 holidays on Air Force One. The policy is called "miserification" -- happy people vote Republican, so break their lives and presto! Instant Democrats. Especially if they're eating out of your hand -- how can they say "no" when your ward heeler tells them what the price of a bowl of rice is?
The obama plan is to make whitey suffer....yeah, I said it.