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Would Obama, Dems Kill 401(k) Plans?
US NEWS ^ | 10/23/2008 | James Pethokoukis

Posted on 10/25/2008 5:57:14 AM PDT by Grampa Dave

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http://www.usnews.com/blogs/capital-commerce/2008/10/23/would-obama-dems-kill-401k-plans.html

Folks, this is fascism in your face.

Americans, who can't balance their checkbooks and do simple math are in terror about managing their IRAs and 401ks.

Throw in the current paper losses in their IRA's and 401ks due to the rat engineered Fannie/Freddie Scam and Bailout, a very large % retirees and those with these plans would gladly hand over control of their funds to their friends in congress.

This would provide the cash for their bailouts and the coming bailouts of State Retirement Funds like Cal Pers..

One can see mandatory ownership of trash bonds to cover Freddie/Fannie reparation mortgages and the bail out of the state employment programs from NY to California.

Obama and his fellow rats don't want their voting slaves to pay for their SS. This Frankenstein creation would create a huge money pool for reparation SS checks for current slave votes and every illegal, who becomes an automatic citizen.

Vote in Obama and a veto over ride rat Congress, and we can kiss our decades of hard work, savings and retirement benefits goodbye.

1 posted on 10/25/2008 5:57:15 AM PDT by Grampa Dave
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To: Grampa Dave

Let ‘em try.

The GOP will recapture both houses of Congress in 2010 at a rate that will make 1994 look like a walk in the park to the Democrats.


2 posted on 10/25/2008 5:59:38 AM PDT by RockinRight (Obama who?)
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To: Grampa Dave; TigerLikesRooster

bump


3 posted on 10/25/2008 6:00:19 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Grampa Dave

Who controls congress? This is one of the problems, too many stupid people voting for Obama.


4 posted on 10/25/2008 6:00:39 AM PDT by greyfox (If I were a Democrat I'd be pushing for the fairness doctrine too.)
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To: Grampa Dave

“Take”??? Remember, Socialists already think it is their money to begin with. Anytime they can get their hands on money plan on them taking the opportunity.
If these animals take power all bets are off.


5 posted on 10/25/2008 6:01:02 AM PDT by sierrahome (I'm done talking)
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To: Grampa Dave

Usually, I believe in fighting our battles at the ballot box...but sometimes, I wonder if it’s time to utilize the Second Amendment to it’s original intent...


6 posted on 10/25/2008 6:01:24 AM PDT by RockinRight (Obama who?)
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To: RockinRight

If it is not time it is getting closer.


7 posted on 10/25/2008 6:03:03 AM PDT by sierrahome (I'm done talking)
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To: Jeff Head; STARWISE; nutmeg; neverdem; Ernest_at_the_Beach; PhilDragoo; Enchante; devolve; ...

If this doesn’t fire people up to vote against Obama and any rat congressit up for re election.

Those people are mentally ill and should turn their retirement plans over to Obama, Je$$ie HyJackson, Ted Kennedy, Pelo$i Galore, Reid the Dead, Kerry, $inator $hrill and other rats in in Congr$$ having wet dreams about controlling our IRAs and 401ks.

Please send a copy of this oped to everyone with a brain on your email list.


8 posted on 10/25/2008 6:03:50 AM PDT by Grampa Dave (Liberal pseudo businesses like NY Slimes, Fannie Mae, Freddie Mack, Tribune are Ponzi Schemes)
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To: greyfox

Too many stupid people voting. Too many dead people voting too.


9 posted on 10/25/2008 6:04:37 AM PDT by Battle Axe (Repent for the coming of the Lord is nigh!)
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To: Grampa Dave
And once the government gets that money, I'm sure they would never be tempted to spend my retirement money the way they have spent social security money. Oh, and just wait a year or two after you've been forced to put your money in the government accounts. 1. The age at which you can start making your withdrawals will start creeping up until it finally intersects with one’s life expectancy. 2. There will be talk that the “rich” don't really need the money they've put in, and “means testing” will be introduced as a method to confiscate all or part of the retirement funds of a lot of people. 3. Since that money was for your retirement, it just wouldn't make sense to let your children reap a windfall by allowing the money to pass through inheritance.

In short, the system will first mirror social security, then merge with it, and at the end of the day, you will be left with the same meager social security check even though your contributions to it would have doubled.

10 posted on 10/25/2008 6:06:48 AM PDT by NavVet ( If you don't defend Conservatism in the Primaries, you won't have it to defend in November)
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To: greyfox

“Who controls congress? This is one of the problems, too many stupid people voting for Obama.”

Our side has too many mentally ill people who want the rats to win to teach Republicans and America a lesson.

Well that happened in the congressional elections in 2006, and we can thank those insane idiots for aiding and abetting the enemy.


11 posted on 10/25/2008 6:06:50 AM PDT by Grampa Dave (Liberal pseudo businesses like NY Slimes, Fannie Mae, Freddie Mack, Tribune are Ponzi Schemes)
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To: RockinRight

Lets defeat Obama this November or we can kiss 2010 and America goodbye.


12 posted on 10/25/2008 6:07:40 AM PDT by Grampa Dave (Liberal pseudo businesses like NY Slimes, Fannie Mae, Freddie Mack, Tribune are Ponzi Schemes)
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To: sierrahome

Je$$ie Jackson and other reparation buttheads have been wanting chunks of our IRAS and 401ks for decades.

If this happens, they will get % each year.

Then only their approved pseudo business and outfits like Acorn would be approved investments for these funds.

Any company not in the pocket of the Rats can forget about any capital from this federal controlled pyramid scam.


13 posted on 10/25/2008 6:10:29 AM PDT by Grampa Dave (Liberal pseudo businesses like NY Slimes, Fannie Mae, Freddie Mack, Tribune are Ponzi Schemes)
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To: Grampa Dave
Lets defeat Obama this November or we can kiss 2010 and America goodbye.

Just as a side note for laughs: the Mayan calendar ends at 2012.

14 posted on 10/25/2008 6:12:40 AM PDT by madison10
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To: abb
The ‘Great Leader’ Obama will surely do so.
15 posted on 10/25/2008 6:12:59 AM PDT by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: RockinRight

2010???

The “Tea Party” would happen long before then!


16 posted on 10/25/2008 6:13:25 AM PDT by G Larry (BarackÂ’s character has been molded by extremists)
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To: RockinRight
First lets defeat Obama. In the meantime buy fresh ammo and be sure our firearm skills are good.

A great Captain Kirk spoof for gun control and how to deal with Obama Thugs: http://video.yahoo.com/watch/3662419?fr=yvmtf


17 posted on 10/25/2008 6:15:30 AM PDT by Grampa Dave (Liberal pseudo businesses like NY Slimes, Fannie Mae, Freddie Mack, Tribune are Ponzi Schemes)
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To: RockinRight

The GOP will recapture both houses of Congress in 2010 at a rate that will make 1994 look like a walk in the park to the Democrats.


I fully expect the Dems to overreach and maybe get beaten back. Unfortunately, I have close to zero faith that the public (at large) will get it. For anyone who has even bothered to stay informed, its clear that the Fannie/Freddie debacle has Dem fingerprints all over it. But does the public blame the Dems? No, they blame Bush, even though he tried to fix it (not hard enough, however). The sad fact is that the MSM covers for the Dems and will go all out covering for “The One”, no matter what he does.

If BOH wins the WH and the Dems win both houses of Congress, look for this country to take a real Stalinist turn. They will do whatever is necessary to ensure their domination for generations to come, even if it means trampling on the civil rights they proport to champion. Don’t expect the truth to get out and don’t expect the public to get it right even if it somehow does.


18 posted on 10/25/2008 6:17:02 AM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: sierrahome

“If these animals take power all bets are off.”

Absolutely, we have to defeat Obama the Oreo Elite Facist.

If he wins and gets a congress that can totally control everything, they will do anything they can dream of to destroy us, our families and America.


19 posted on 10/25/2008 6:17:28 AM PDT by Grampa Dave (Liberal pseudo businesses like NY Slimes, Fannie Mae, Freddie Mack, Tribune are Ponzi Schemes)
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To: Battle Axe

“Too many stupid people voting. Too many dead people voting too.”

Which is why, we who aren’t stupid nor dead must vote for McCain/Palin and get those like us to vote.


20 posted on 10/25/2008 6:18:53 AM PDT by Grampa Dave (Liberal pseudo businesses like NY Slimes, Fannie Mae, Freddie Mack, Tribune are Ponzi Schemes)
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