[caww]

“How about if they change the laws regarding 401-(k)’s and force us to buy Treasuries with our retirement contributions?”...your answer... Congress wouldn't dare pass it, and the President wouldn't dare sign it.

Well this administration has no fear of congress or the people....so yes he'd dare and would. This administration is not going to let the 401k money lay around without telling the American people they have a plan to invest it on their some whacky purposal to ease it out of from under the people sitting on it. It's pretty much a given IMO...as rules and regulations...congress and the people... are not this administrations concern.

Just like when Paulson went before Congress on bended knee saying the sky was falling....you can expect we'll hear that without using the 401k the people will be responsible for the downfall of the economic markets.

[fluffdaddy]

Politics is the art of the possible. Confiscating 401-(k)’s just isn't possible without lining a bunch of people up against the wall and shooting them. No doubt Obama would love to take anything he could get his hands on, but he just doesn't swing a big enough stick to make it happen.