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Obama Administration making plans to take over the 401(k)s to bail out their union backers
Tea Party ^ | October 12, 2010 | Elizabeth T

Posted on 12/14/2010 5:26:27 AM PST by IbJensen

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To: Erik Latranyi

With the utter mess that presently occupies the Congress and the White Hut anything is possible! They don’t read these damned things anyway!


61 posted on 12/14/2010 6:19:10 AM PST by IbJensen (The Marine Corps - When It Absolutely, Positively Has To Be Destroyed Overnight.)
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To: saganite

The one I read was that the gubmint would guarantee you the value of your 401K pre the 2008 crash if you turned your account over to them. That might have worked when the Dow was down around 7-8,000, but since it has recovered much of its pre-crash value, that idea is not going to fly now.

Unfortunately, these kinds of reports are causing people to cash out of their 401K’s and pay the penalty which is a shame.

This is NOT going to happen.


62 posted on 12/14/2010 6:19:56 AM PST by randita
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To: MrB

So true. Who was the quote from?


63 posted on 12/14/2010 6:20:01 AM PST by coon2000 (Give me Liberty or give me death!)
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To: meyer

They’ve gone too damned far already. War should have began.


64 posted on 12/14/2010 6:20:27 AM PST by IbJensen (The Marine Corps - When It Absolutely, Positively Has To Be Destroyed Overnight.)
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To: SonOfDarkSkies
I copied the quote from here.

They attribute it to a Czech Republic leader, but I think the source is still up in the air. It really doesn't matter who first said it. It's the truth. "Fake but accurate" doesn't apply, as it is not something that is stated as proof of anything.

65 posted on 12/14/2010 6:23:25 AM PST by MrB (The difference between a (de)humanist and a Satanist is that the latter knows who he's working for.)
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To: vanilla swirl

Saw two crates of those (one empty by the time I got there) at a recent show. $99 for the weapon (with bayonet) and $99 for 440 rds of 7.62X54.


66 posted on 12/14/2010 6:24:34 AM PST by MrB (The difference between a (de)humanist and a Satanist is that the latter knows who he's working for.)
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To: MrB

MrB, as we are living under a federal government which, by admission of some of our representatives (like Pete Stark) believe it can do anything then we are in the same position the founders found themselves under the king only now we have many kings in the ruling class completely ignoring the constitution.

If this government takes money I saved for retirement what else do I or any of us have to lose? At retirement our life span is limited anyway.

At some point we have to grow a backbone and try to emulate the brave men and women who participated in the founding of this country and plant our feet firmly in front of fedzilla and say NO MORE, YOU HAVE GONE TOO FAR.

If we do not then I will be like our First Lady (????) and I will be ashamed of the USA.

The GOP is only progressive lite at this point in time and unless the Tea Party can pull off a huge victory in 2012 I see no future for the country we THOUGHT we were living in.

This daily barrage of encroachment of fedzilla into every aspect of our lives is like Chinese water torture.

It seems to be there is nothing the feds can do which will make us draw the last line in the sand. For me at least, stealing my 401K to give to union scum is that final act.


67 posted on 12/14/2010 6:27:27 AM PST by Wurlitzer (Welcome to the new USSA (United Socialist States of Amerika))
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To: saganite

Oh, come now.

Deep in the recesses of your heart you know this evil regime is capable of anything. Of course none of what Obozo has done is legal, but then neither is the deliberate destruction of a nation which this Man Without a Country despises!

Keep whistling past the cemetery.


68 posted on 12/14/2010 6:31:02 AM PST by IbJensen (The Marine Corps - When It Absolutely, Positively Has To Be Destroyed Overnight.)
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To: IbJensen

I can’t see this happening anytime soon, but remember that the Democrats never totally drop a plan to take over an aspect of the economy and/or people’s lives. “Eternal vigilance” is a good recommendation.


69 posted on 12/14/2010 6:32:15 AM PST by cvq3842
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To: Red Badger

Red actually a progressive is worse than a commie as at least the commie was honest enough to admit he was a communist. Progressives are communists who know they have lie and hide to accomplish their overthrow of the USA.

I did like your point system by the way.


70 posted on 12/14/2010 6:33:32 AM PST by Wurlitzer (Welcome to the new USSA (United Socialist States of Amerika))
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To: vanilla swirl

Russkies would be turning their graves if they knew their rifles would be used to protect democracy in the event of communist takeover..


71 posted on 12/14/2010 6:33:58 AM PST by aces
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To: thethirddegree

His election demonstrated to the world that Americans are not prejudiced against the election of a negro to the presidency.

(Now if it had been Walter Williams, a Clarence Thomas, Thomas Sowell, etc. there would be NO problems in America.)

But then what can we expect when a rat is pulled out of the filthy sewers of Chicago, cleaned up and promoted from sewer rat to senator and then president.

He still has to shine Soros’ shoes.


72 posted on 12/14/2010 6:35:18 AM PST by IbJensen (The Marine Corps - When It Absolutely, Positively Has To Be Destroyed Overnight.)
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To: IbJensen

Wanna turn a Tea Party into a Lynch Mob? This would do it.


73 posted on 12/14/2010 6:35:54 AM PST by Dead Corpse (III%. The last line in the sand)
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To: 2 Kool 2 Be 4-Gotten

The only thing I look to the Communist Central Government for at this very moment is suicide.


74 posted on 12/14/2010 6:36:35 AM PST by IbJensen (The Marine Corps - When It Absolutely, Positively Has To Be Destroyed Overnight.)
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To: IbJensen

take your money out and buy Non-tracable assets...


75 posted on 12/14/2010 6:37:26 AM PST by phockthis
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To: I Drive Too Fast

Really?

With a Communist Central Government like the one that is killing the nation ANYTHING IS POSSIBLE!


76 posted on 12/14/2010 6:37:49 AM PST by IbJensen (The Marine Corps - When It Absolutely, Positively Has To Be Destroyed Overnight.)
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To: Dead Corpse

“Wanna turn a Tea Party into a Lynch Mob?”

That’s PRECISELY what the Rinocrat Oligarchy would like to see happen...


77 posted on 12/14/2010 6:37:55 AM PST by mo
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To: 9YearLurker

Agreed.


78 posted on 12/14/2010 6:39:13 AM PST by IbJensen (The Marine Corps - When It Absolutely, Positively Has To Be Destroyed Overnight.)
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To: IbJensen

in order to insure progressives are routed from our society, this would have to happen. this is about the only thing, short of death camps, that will wake people up

has anything new popped up on this issue since the election?


79 posted on 12/14/2010 6:40:44 AM PST by sten
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To: phockthis

Let’s give the readership here some examples of non-traceable assets. And don’t list baseball cards.


80 posted on 12/14/2010 6:40:50 AM PST by IbJensen (The Marine Corps - When It Absolutely, Positively Has To Be Destroyed Overnight.)
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