Posted on 01/25/2010 8:29:23 AM PST by traumer
Jennings, Koppel, and Donaldson had it in for Reagan. This isn’t new.
I remember the ABC News the evening after the 1994 November election when the 'rats suffered their greatest losses in decades. Jennings was beside himself stating words to the effect "The American electorate thru a tantrum."
The arrogance of Jennings, still a Canadian citizen at the time, was astonishing.
Ever notice how it’s almost always liberals who must “reintroduce” or “reinvent” themselves. How many versions of Al Gore were rolled out with much media fanfare? Clinton? Kerry? Hillary?
Has there ever been a prominent conservative that had a “reintroduction”?
Authentic people don’t require reintroductions.
Wonder if he'll call it a 401k ?
Wow...Mr. So & Mrs. O
what a find!
I think the idea is from the same thought for the feds to take over 401K’s. I read about in 2008 before he was elected and it is another marxist power grab. A slush fund he can steal from. Instead of requesting the money be taken out, it is automatic.
http://www.economics21.org/commentary/savings-rate
Obama’s Universal Savings Plan May Not Be Right for Everyone
In early September, the Obama Administration launched an initiative to “help” people save. President Obama used his weekly radio address to announce administrative actions to expand automatic enrollment in employer-sponsored retirement plans, convert tax refunds into savings bonds, and allow employees to accept certain forms of compensation using deposits into retirement account. These administrative actions are but the first part of a comprehensive plan to create a universal system of savings accounts – through an expansion of “automatic enrollment.”
But the notion that government is “making it easier” for a worker to save for retirement by encouraging employers to take money out of paychecks unless the worker objects misrepresents what’s actually occurring. The issue is not about simplifying saving, but rather the presumption that people are making bad decisions.
Make sure you read the comments below this article. People not paying attention will think they are forced to have the money taken out and no opt out.
http://www.newamerica.net/blog/asset-building/2009/obama-supports-universal-401-k-s-10540
Obama Supports Universal 401(k)s
As this recent New York Times article pointed out, President Obama proposed in his State-of-the-Union-like speech that we must think about strengthening Social Security “while creating tax-free universal savings accounts for all Americans.”
Hello, my name is Barack. I’m from the government and I’m here to help...something like that?
A pig is a pig is a pig is a pig.
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