Article

2010-05-12 Economy

Please Give Us Your 401ks--For The Sake Of The Children Er, Unions

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Posted by charger 2010-05-12 16:13|| || Front Page|| [8 views ] Top

#1 I lost about 1/4 of my retirement in the last round of looting. The AARP is party to second round 2 of looting. The AARP IS NOT a friend to seniors.

Posted by JohnQC 2010-05-12 18:48|| 2010-05-12 18:48|| Front Page Top

#2 Even the threat of Gov't takeover is a win for big Gov't. As people panic and pull out of their 401K's, they immediately incur a tax liability. It's a win-win for Uncle Samishak.

Posted by Besoeker 2010-05-12 19:58|| 2010-05-12 19:58|| Front Page Top

#3 What will happen to the value of stocks & bonds if there's a panic to cash in 401k's?

Posted by Anguper Hupomosing9418 2010-05-12 20:21|| 2010-05-12 20:21|| Front Page Top

#4 ...Now think about this: Why would anyone ever put another dime in a 401K after the government confiscates it? Proof that these morons can't think more than up to the next election.

Mike

Posted by Mike Kozlowski 2010-05-12 20:47|| 2010-05-12 20:47|| Front Page Top

#5 Not much. Money inside 401Ks will be re-invested in similar areas outside to tax-vehicle.

Posted by Bright Pebbles 2010-05-12 20:47|| 2010-05-12 20:47|| Front Page Top

#6 They really want to be run out of town on a rail, covered in hot tar and feathers, don't they?

Posted by DarthVader 2010-05-12 22:14|| 2010-05-12 22:14|| Front Page Top

#7 If the Repubs are smart (I can dream can't I?) they will shout this from the rooftops. The Dems can say the Repubs are doing the bidding of their Wall Street pals, but the public won't believe that.

Posted by remoteman 2010-05-12 23:34|| 2010-05-12 23:34|| Front Page Top

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