Republicans Sound Alarm on Administration Plan to Seize 401(k)s
Topic requested...LINK TO STORY HERE
posted by Bob at Friday, May 07, 2010
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Friday, May 07, 2010
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5 Comments:
Folks buy gold, it is a secure investment.
Buying precious metals also takes away the power that feeds the beast! <---If you can't figure this out you have a lot to learn.
I love how the Republicans spin things. There is a concern that a number of businesses are not actually making enough deposits into their pension funds to actually pay the pensions, or they are "borrowing" money from the fund. So, labor is suggesting that the government ought to consider taking action to PROTECT the people who's lives may depend on those pensions and take the business to court to protect the pension fund.
That of course becomes the government is seizing your 401K!!!
So once again the GOP wants to protect the fat cats, screw the little guy and convince the idiots out there that it is good for them if the fat cats get to screw the labor bumbs out of their pensions.
JMONTOMEPPOF
Chuck Repke
When a corporation buys a new company it is perfectly legal for them to clean out a large amount of cash reserves in the pension fund Chuck. They usualy go after this to help with the aquisition costs.
Scare tactic because the company is using the funds for something else.
Instead of Republicans demanding the companies keep their hands off of the people's hard earned money, they run out and start barking in favor of the companies like the corporate lapdogs they are.
They irony is after this past year, I won't be shocked to find out that the idiots are put into a frenzy and start complaining about this protective measure.
Guess what happens to some poor sap who's retirement has been spent or loss by the company he worked for? He ends up another burden on the public dole- or he works until he dies.
No different than Health Care companies paying organizations to fire up seniors and the middle class against Health Reform.
No different than Oil and Coal companies funding the tea party events and paying for buses for activists to say how energy reform will be bad for America.
No different than these Payday Loan places that are forcing their customers to call members of Congress to say they're against reform. These customers have loans with them that can be called in at anytime. Payday loan facilities make these loan on 180% interest in average and up to 400% and more. They are not regulated federally and prey on the poor.
This is the republican party. A bunch of corporate shills. The same group that deregulated Wall Street to the point that they almost put us in another Depression- then they turned around and pushed for the country to bail them out.
Yeah, let's vote more of them into office.
Eric
Do you know what happens when you give a politician Viagra?
:)!rellat teg yeht
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