[Chongo]

Another reason to oppose BO and a (D) controlled Congress. They are trying to use the current instability frighten us into another "government guaranteed" retirement scheme. Look for the (D)s to resurrect Bill Clinton's ill fated "one time" tax on 401(k) balances if BO is elected.
House Democrats contemplate abolishing 401(k) tax breaks

Powerful House Democrats are eyeing proposals to overhaul the nation's $3 trillion 401(k) system, including the elimination of most of the $80 billion in annual tax breaks that 401(k) investors receive.

House Education and Labor Committee Chairman George Miller, D-Calif., and Rep. Jim McDermott, D-Wash., chairman of the House Ways and Means Committee's Subcommittee on Income Security and Family Support, are looking at redirecting those tax breaks to a new system of guaranteed retirement accounts to which all workers would be obliged to contribute.

[nonhuman]

Good thing all my retirement funds go into an IRA.

[Big Mac]

That's another effective way to shake confidence in the stock market. Congressional Democrats may be getting kickbacks from enemy foreign nations, judging from how terrible their legislative proposals usually are.

[villalobos]

Originally Posted by Chongo 

Another reason to oppose BO and a (D) controlled Congress. They are trying to use the current instability frighten us into another "government guaranteed" retirement scheme. Look for the (D)s to resurrect Bill Clinton's ill fated "one time" tax on 401(k) balances if BO is elected.
House Democrats contemplate abolishing 401(k) tax breaks

well this is a tax break, just like the mortgage interest tax break, that favors richer people the most (like me actually), people which are the least in need for a tax break. i think 401k tax break should be only for the money that invested in funds, not money that goes into stocks. it would probably decrease the undue influence of shareholders which really only leads to company looking for short term profits, with the result we are just getting to know.
This is something that should be looked into. The money that would be recovered from this should be then reinvested in the social security to ensure that everyone has a decent retirement pension. It seems that this crisis has started to bring some good sense to democrats. Good to see.

[ironknee]

boo!

however McCain will still lose