All Obama has to do is get the first group to sign up, and then engineer a tanking of the stock market.
Everyone’s 401K will go down, and then he’ll be able to point at the people in the Federal plan and say “see how much smarter they were?”
In February of ‘09 people would have been jumping into this with both feet, I assure you.
Thats actually the first reasonable scenario response I have got, and I got more than usual on this thread.
That could happen with many.
401Ks don't have to be rolling the dice. In my 401K rollover from a previous job I have a number of gov insured investments.