Re: {OT} More reasons for the Dow to drop

Hachiroku ハチロク wrote:
On Sat, 07 Mar 2009 21:12:43 -0500, ByTor wrote:

In article <2GFsl.198$LH4.115@xxxxxxxxxxxx>, dishborealis@xxxxxxxxx says...

"CharlesTheCurmudgeon" <n5hsr@xxxxxxxxxxx> wrote in message news:gov8ib$7bo$1@xxxxxxxxxxxxxxxxxxxxxx
There has been an ugly rumor going round that one way Nobama is planning on paying for the bull*** spending is to nationalize IRA's and 401k's.

If that is true, that would explain the freefall in the Dow quite nicely. The institutional investors are cashing out, so they don't have to turn their 'investments' over to the Government.

If he does it, he'll be digging his own grave, politically and maybe even figuratively.

Sir Charles THE Curmudgeon


Where is this rumor going around?
I really hate to say this Joe but are you research impaired? I really don't mean it as an insult but I found something in less than 3 seconds, and this was also a campaign issue. Its a read, I don't care about the source or looking to debate it, I only read it. Are you really in this for the legitimicy of issues or just an attacker getting jollies?

http://www.usnews.com/blogs/capital-commerce/2008/10/23/would-obama-
dems-kill-401k-plans.html

Go to www(dot)google(dot)com and type obama 401k & you'll come up with plenty. Get your own info & what appeals to you, I just posted the first one I looked at for starters so don't start the crap that the resource is flawed. Look at the rest of the links & decide what you wanna read.

He spends all his time with books so he's at least 6 months behind.

Reading is one thing.
Reading the right thing is another.



Just spreading some of the wealth around. There is plenty for all if we can get the greed factor under control.
.