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Obama Is Coming for Your Retirement Savings

Posted on May 9 2010 8:18 am
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by Van Helsing

When asked why he robbed banks, Willie Sutton supposedly answered, “Because that’s where the money is.” Sutton’s greed and moral outlook are shared by a certain Marxist community organizer who has already seized control of banks, insurance companies, and the auto industry. If you want to know what “reform” will target next, just ask yourself, where is the money? The answer: in our retirement accounts. If Obama has his way, it won’t be there for long.

In Chapter 3 of the Annual Report on the Middle Class released in February by Vice President Biden and the White House Task Force on the Middle Class, the Obama administration calls for enhancing the “retirement options” for the middle class by imposing “new regulations to improve the transparency and adequacy of 401(k) retirement savings.”

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