Socialists want the same for everybody.
But since it can’t promise wealth for everyone, it wants to make everyone poor. That is except for themselves.

A knee-jerk reaction to the current short-term volatility of the market. To replace 401(k)s with an involuntary system which returns 3% a year? That’s total bullshit. I can’t imagine that this plan would have much support except among the most liberal wing of the Democratic Party, and can only hope that something as stupid as this would never pass even under Democratic control of the Whitehouse and Congress.

coming attack for years. Call me suspicious, call me paranoid if you like. There was no way this huge pool of money, totally under the control of private citizens, would escape the notice of the greedy, grasping, power-hungry politicians. They see that money, and they want it. When certain politicians say that allowing you to save and invest your own earned money is a “government subsidy” – look out. It’s clear they think it all rightfully belongs to them.

Gee,what a surprise! With the government now owning a share of the nine major banks in the country,under Barack Obama the government will soon have access to those mandatory 5% contributions. You see,people can’t be allowed to be greedy any more. Don’t think that those contributions you make are just for YOU ! No. They are for EVERYBODY. You must learn to share,Comrade Moe or you will be exiled !

Sorry, I almost never resort to all caps, but this is one that requires SHOUTING. The lack of exposure of this particular point is a sure sign that John McCain cannot campaign his way out of a paper bag. This should be on the tip of his tongue at every campaign stop, on every TV ad and mailing. Talk about a key point.

JEEZ!

http://www.cnbc.com/id/27339578/print/1/displaymode/1098/

Government workers, plentiful in Northern Virginia’s all important swing counties will not stand for this. McCain should be highlighting this in NoVA immediately and every day until the election.

Clinton as the huge pile of money in the nations pension funds and wanted his hands on it as well. They thought it would be great if fund managers were required to put the money into public “investments” like roads and bridges regardless of the low return. He just didn’t have enough support in congress. Obama will.

I can’t afford to contribute 5% to my 401(k), even if it is pre-tax. If they make it mandatory and post-tax, I’ll be too scared to look at my checkbook.

Congress does not have constitutional authority to force retirement contributions, but they do have constitutional authority to levy TAXES. I guess its a good thing Obama promised to not raise TAXES on anyone making under $250K. Otherwise, I’d have to be worried.

Of course, a few years of Carter-esque inflation and I just might find myself making over $250K, labeled as ‘too greedy’ and square in Democrat sights. Then I’d be just like Joe the Plumber: In a world of [stool].

or should I say Baghdad Jim.

These are Obama’s surrogates. Hope and change, we can do it!