401 K Madness: The Democrats are in the Science Lab Experimenting Again

One of the prime reasons for the new acquisition of wealth for the middle class and strength of the stock market, especially over the last 16 years has been due to the increase of investments in 401K retirement accounts. My personal account is aggressively invested in the stock market, and I am not worried about this current downtime. It will rebound. The economy goes through cycles that are beyond the control of presidents. Even the Clinton administration went through a recession late in his term. We seem to forget that.

The nice thing about a 401K is initially it's tax free and your employer usually makes a contribution to it too. You know, your employer, that evil rich guy Obama wants to tax because he probably makes over $250,000 a year.

This recession is a little easier to point the blame at. The housing market and the insanity of the loans made to purchase homes is forcing the market into a downward cycle. It's a good time to invest if you are a long-term individual. This isn't the madness though that I speak of. That madness that I speak of revolves around dumb economic principles that are being prescribed by members of our government.

The first one I would like to examine is one by by Barack Hussein Obama. He wants to give individuals the right to remove $10,000 of their investments out of the market without any penalties. This shows you what a novice Obama really is. Do you know what is going to happen to the markets if a majority of people (or even a minority) removes $10,000 of investments out of their 401K? You think it dropped like a rock today, just wait until that happens. The markets will be in serious jeopardy. The markets currently are dropping because people are removing their investments out of the market. When you give that type of freedom to people who don't understand the markets, you are going to weaken the US economy even more.

I heard something even more insane today. House democrats want to cease giving tax breaks to those who invest in their retirement accounts. Currently, money you invest in your 401K isn't subject to immediate taxes. Don't smile yet. They will get their share when you remove the money from your investment account either at retirement or at a higher rate before your retirement. You seriously didn't think the government was going to let you slide on this, did you?
This is just part one of the plan, and part one will hurt the US Markets and those who invest in their futures like me. There is also talk among a smaller group of democrats that want to nationalize the 401K program all together. Why shouldn't we be surprised. Can you image that? The same government that steals money from you in the form of FICA (the failing Social Security program) now wants to manage your 401K. Wow! The arrogance of these people!
401Ks are making it possible for regular middle-class people to retired comfortable and not have to rely on the piddly retirement program that the federal government has failed miserably at, Social Security. Not only that, but early on in the Bush administration he tried to save Social Security by allowing a small percentage of it to be invested in a 401K like account to expand the size of our retirement income. The democrats scared the public to defeat it, and now they want to take over 401K programs all together. Does anyone else see how crazy this is? I am sickened by it!

I have a solid 401K plan with a manager that I can call at anytime of the day to ask questions and reroute my investments. Like I want to give up that for a government bereaucracy that will be doomed to fail because the GOVERNMENT IS FULL OF CORRUPTION! Some days it's like you wake up and the world has gone crazy. More days are becoming like this.