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Obama, Dems Seek to End 401(k) Plans

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posted on Oct, 24 2008 @ 03:35 PM
reply to post by sos37

Don't get all fired up and start double posting, now. Are you a right wing desperado facing a lost election? If so, my condolences.

Please realize I am just yanking your chain a little. I hope we can all take some good natured ribbing now and then. We're all friends here, aren't we?

posted on Oct, 24 2008 @ 03:52 PM
I'm sure more will come to light in the next few days on this. To that point...this is the kind of thing i fear from a Pelosi and Reid Congress with Obama in the White House. This kind of thing could actually become law.

With no balance in our's bad for everyone.

posted on Oct, 24 2008 @ 04:17 PM
It might be better than leaving the investments in a market that is tanking faster than O'Reilly's ratings.

posted on Oct, 24 2008 @ 04:24 PM
reply to post by Icarus Rising

Actually it won't matter if the government keeps printing money. We aren't seeing the effects of this now...but we will....and it's going to painful.

Also, I watched Neil Cavuto, part of it, and he had Ron Paul on the phone. RP said that raising taxes on anyone is the wrong thing to do and that he didn't like Obama's socialistic policies. RP is all about less government. He said this crisis was going to happen for years....but everyone blew him off.

posted on Oct, 24 2008 @ 05:50 PM
reply to post by David9176

I like Ron Paul, but he is an idealist. Right now we need a realist in office. Many on the right are now characterizing Obama's proposed tax cut for 95% of working Americans and his other proposals to invest in infrastructure and create jobs as socialist policies. They aren't. Just because he wants to "spread the wealth around" doesn't mean people won't have to earn it, you know. What it means is more opportunity for more Americans. Is that a bad thing? Depends on how you characterize it.

If you are a hard right conservative in desperate fear of losing the presidency and the majority in both houses of Congress, I guess you would have to make it sound bad somehow.

posted on Oct, 24 2008 @ 05:58 PM
reply to post by Icarus Rising

What do i see....i see the stock market falling what seems like everyday. Huge companies losing LOTS of money. As fragile as we are right now....why even consider raising taxes? It seems unreasonable to me. Government spending should be cut aggressively in almost every area....except militarily. Our government has become to large and has a part of almost every single asset of our lives.

Smaller government...drastically cut spending and government programs, and if we can....give money back to the people.....and if we can finally dig ourselves out of this 11 TRILLION dollar hole....then maybe we can get back on track.

posted on Oct, 24 2008 @ 09:17 PM

Originally posted by Icarus Rising
reply to post by OuttaHere

Hey, wait a minute, we already have this! It's called Social Security and it didn't work! Remember?

Wrong. Social Security works, it is our government that doesn't. They have diverted the funds ...

You are absolutely right. If they administrated Social Security like they ought to, it might work. But this is government we are talking about, remember? The very fact that it is administrated by government is what causes it not to work. And now they want to administer our nest egg; for some of us this represents our entire life's savings. Not a good thing at all, if it happens.

What will stop them from diverting these funds as well, just like they always do?

[edit on 24-10-2008 by OuttaHere]

posted on Oct, 24 2008 @ 09:36 PM
reply to post by OuttaHere

The government screws up just about everything it touches and lately it has had it's dirty paws on everything.

If this was a crime scene and a forensics expert investigated it....they'd find the governments bloody finger prints all over the place.

Enough with the big government already. They have too much control over our life as it is.

posted on Oct, 24 2008 @ 10:10 PM
Hello my name is (Barack Obama, John McCain. any other name) and I am from the government and I am here to help you. runnnnnnnnnnnnnnnnnnnnnnn away. I'll help myself and my family and friends myself, thank you very much anyway.

posted on Oct, 24 2008 @ 10:32 PM

Originally posted by Cowgirlstraitup7
This is not a news article. This is a blog. The man writing this blog does not have any facts to back it up. He clearly states that "Obama will likely sign on". Without proof, I just don't see where he is coming from. Has Obama stated this is his idea/intent? Don't think so.

I was under the impression that we were not allowed to use blogs as facts. Maybe I am wrong about that, who knows.

Are you brainwashed that much that you think this rotten SOB is going to come out and tell people about this? Wake the hell up and pull your head out of that hole in the groud.

This SOB is a wolf in sheeps clothing! Mark my words people!

posted on Oct, 24 2008 @ 11:09 PM
reply to post by Benevolent Heretic

I just finished debunking this tax claim attributed to Obama and now I'm ready to take on another.

Come on now, BH, you didn't debunk it. It was put out EXACTLY as I posted it. Obama's people were caught by The Tax Foundation, even after the Foundation QUOTED Obama spokesmen admitting that the plan was as proposed, and when they realized the implications of the 50K Cliff, they Modified it on the fly.
It took me two hours to EXPLAIN to YOU the difference between Total Income and Taxable Income. You didn't debunk ANYTHING. I had to give you a basic lesson in tax preparation. The thread is still up there, so people can see for themselves how confused you and the Obama aides were about their own proposal. They said that Congress "would probably add the graduating scale to his proposal". Stop making claims that are not true.
You still haven't figured out that this Obama vs McCain thing is a big diversion anyway, to keep people from realizing that there is NO difference between the two of them, in how the PTB will allow them to run the country.
Come on, use common sense. A guy that has been in the Senate for half a term, and hasn't spent 2 full days there in the last 2 years, is going to run the country? Yup, Obama and the PTB pulling the strings, just like they would for McCain.
Stop falling for this 2-party shell game. It doesn't matter WHO is elected!

posted on Oct, 25 2008 @ 06:37 AM
reply to post by Kords21

Can this article be sourced with the legislation it talks about that supposedly exists, or other congresspeople who are proposing the ideas expressed in the article?

AND, are there any other news articles that support it?

That article sounds like a cut an paste soundbite to me. There is not substance or support to the claims it makes.

No only do the ideas stink, but the article itself stinks.

So -- provide more support, please.

[edit on 25-10-2008 by Areal51]

posted on Oct, 25 2008 @ 05:01 PM

posted on Oct, 25 2008 @ 05:04 PM
I have seen it discussed on fox news a few times...mainly by Neil Cavuto. He's had guests talking about it on his show. I don't have any links to verify that..and i don't remember who the guests were...but if anyone else watched it they could give some verification to it.

posted on Oct, 26 2008 @ 12:40 AM

Originally posted by Kords21

Saw this article and I think it'll be just as popular as the bailout bill was. These people are going after everything they can.

It seems like we're in this until the bitter end, you just have to wonder how much worse it's going to get before it ever gets better, if it does.

I'm no fan of McCain but Obama is becoming more and more scary to me. People are just hung up on "He'll be the first black preseident" and not looking at what he stands for. I think I saw a quote on here that it's ironic that we have a change to realize Dr. King's dream about judging someone on their character and not their skin, but people are jusding him just on skin it seems.

I'm starting to wish I could find some piece of land in the middle of nowhere and live a simple life.
(visit the link for the full news article)

ALWAYS question the source and the PURPOSE of the message. THis is pure nonsense. Look up Mccain's ties and background. I did not know Mccain had campaign people doing his "good work" on here also. Hitler used the same tactics to "Justify" a lot of things. Scary so many are mindless.

posted on Oct, 27 2008 @ 11:02 AM

posted on Oct, 27 2008 @ 12:37 PM
As I read the article, some Democrats in Congress invited Ms. Ghilarducci (I don't think I'm spelling this right) to talk about her ideas. Can't they even listen to a controversial idea without being labeled socialists? Should they be so narrow minded they can't even hear another point of view? There is no information whatsoever that the Democrats are even considering implementing these ideas.

Barack Obama has talked about strengthening Social Security but NEVER about seizing 401ks. There is absolutely no evidence he even attended the meeting in which Ms. Ghilarducci spoke, much less ever considered implementing it.

It's like saying if you've even seen the cover of "Das Kapital" you're a communist.

Some people are getting hysterical over the possibility of a Democrat winning. It's just a case of throwing out every smear, no matter how far-fetched, you can think of and seeing what sticks. The Republicans have used these tactics before, sometimes to their advantage.

Personally, I need MUCH more evidence that Democrats are even considering making her ideas policy.

posted on Oct, 27 2008 @ 12:59 PM

Originally posted by Icarus Rising
It is a blog, the link is to a blog. This is speculative opinion, not hard news. Typical right-wing desperation in the face of a lost election.

So if it is not straight from the MSM, we shouldn't believe it?

The MSM loves people like you! So programmed, and so reliant on them for information. No wonder why you think this is a lost election.

posted on Oct, 27 2008 @ 02:40 PM
reply to post by Icarus Rising

If you are a hard right conservative in desperate fear of losing the presidency and the majority in both houses of Congress, I guess you would have to make it sound bad somehow.

Actually, David hit the nail on the head. Our nation runs best when there are checks and balances. With the election of Obama, a majority in the House and Senate, and a Supreme Court that likely will turn activist as soon as Obama appoints a retiree, there will be no checks and balances any more. With that, Pelosi, Dodd, Reid, Barney Frank and Obama will be able to push through whatever they want. Remember, 90% of the American public did NOT approve of the Bailout Bill, yet they rammed it through, even with the populace opposed to it. The populace has been proven right as far as the Bailout bill is concerned. What other measures will be pushed through Congress that the American public does not agree with? Vote them out, you say? Well, yes I agree that should happen. However, that does not seem to be happening, does it?
All politicians lie, Republicans and Democrats alike. Given the depth of the economic crisis, neither candidate would be able to reduce taxes, unless other taxes are raised significantly. The country, and the world are in for very hard times in the following years. Making the wrong moves would be worse than making no moves at all. I am afraid that congress will make more disastrous moves, since they have shown that "skill" in passing the Bailout Bill. Both candidates supported it, so regardless of who wins, the future president has the "skill" to make bad decisions that will harm us. Less government is better government, more government is a disaster.
When was the last time our government took control of anything and had done a better job than private enterprise? Government control of 401Ks?
Government health care? Can you spell disaster?

posted on Oct, 27 2008 @ 02:58 PM
reply to post by RRconservative

So if it is not straight from the MSM, we shouldn't believe it?

Ah, the spinmaster at work again. I think you may fall into the right-wing desperado category.

We shouldn't believe it because the title is misleading, Obama has no involvement, and there is no legislation to back up the House subcommitte meeting in which this mere talk took place.

You may now go back to your regularly scheduled Fox News programming. And I do mean programming.

[edit on 27-10-2008 by Icarus Rising]

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