Barack Obama is coming for your 401k next
The Obama Administration is making plans to take over the nation’s 401(k)s in order to bail out their union backers and their bankrupted pension plans.
Connie Hair at Human Events reported:
In February, the White House released its “Annual Report on the Middle Class” containing new regulations favored by Big Labor including a bailout of critically underfunded union pension plans through “retirement security” options.
The radical solution most favored by Big Labor is the seizure of private 401(k) plans for government disbursement — which lets them off the hook for their collapsing retirement scheme. And, of course, the Obama administration is eager to accommodate their buddies.
Vice President Joe Biden floated the idea, called “Guaranteed Retirement Accounts” (GRAs), in the February “Middle Class” report.
In conjunction with the report’s release, the Obama administration jointly issued through the Departments of Labor and Treasury a “Request for Information” regarding the “annuitization” of 401(k) plans through “Lifetime Income Options” in the form of a notice to the public of proposed issuance of rules and regulations. (pdf)
The problem here, of course, is that you don't know how to spend your own money as well as the government. Think I'm exaggerating? Remember:
You're too stupid to give government the power over your life that it deserves, you see. That's how they look at you: you're stupid and worthless. Classy.
DNC uses oil rig deaths as fundraising fodder
On April 20, 2010, 11 Americans were killed when the Deepwater Horizon offshore drilling rig exploded in the Gulf of Mexico.Good Lord, these people are screwed up!
Now democrats are using the tragedy that killed 11 and caused untold treasure to try to raise money.
The Democratic National Senatorial Committee today emailed supporters a fundraising plea: “Help President Obama hold BP accountable.”
Democrats are shamelessly politicizing a tragedy that resulted in the deaths of 11 individuals.
Making money off of the suffering of 11 American families.
That’s just sick.
Aw, it's too bad the attempted Time Square bombing was conducted by a Muslim!
I'm sure she would have been celebrating if the suspect was a Tea Party member.
What is wrong with these people?
All this and more is really turning people away from the increasingly radical and anti-American Democrat party. Legal Insurrection reports on a trend that really needs to continue:
The core of Democratic Party political strategy is falling apart. As reported by The New York Times, Black Hopefuls Pick This Year in G.O.P. Races:I can't think of a more satisfying post-election headline than, "African Americans give GOP surge to historic victory". Except, maybe, for something like, "Surge in patriotism and believe in American exceptionalism propels GOP to history victory". That would be better yet.Among the many reverberations of President Obama’s election, here is one he probably never anticipated: at least 32 African-Americans are running for Congress this year as Republicans, the biggest surge since Reconstruction, according to party officials.And these candidates are seeking and getting Tea Party support:The black candidates interviewed overwhelmingly called the racist narrative a news media fiction. “I have been to these rallies, and there are hot dogs and banjos,” Colonel [Alan] West, the candidate in Florida, said. “There is no violence or racism there.”The narrative of Tea Party racism has been a contrived political tactic from the start, launched and perpetuated by Democratic Party operatives and their mouthpieces in the media and left-wing blogosphere.
Their worst fear is that the race card will fail, and they will have to defend their ruinous policies.
And that worst fear is about to be realized. In November.
Until then, I have no doubt that the Left will keep it classy.
There's my two cents.