Chaves Hussein Obama

Mmmm – about those 401Ks.   Looks like Chavez Hussein Obama is smackin’ his lips just a bit.

Obama Administration Makes Plans to Gobble Up 401(k)s

Posted by Jim Hoft on Tuesday, May 4, 2010, 6:03 AM

The Obama Administration is making plans to take over the nation’s 401(k)s in order to bail out their union backers and their bankrupted pension plans.
Connie Hair at Human Events reported:

In February, the White House released its “Annual Report on the Middle Class” containing new regulations favored by Big Labor including a bailout of critically underfunded union pension plans through “retirement security” options.

The radical solution most favored by Big Labor is the seizure of private 401(k) plans for government disbursement — which lets them off the hook for their collapsing retirement scheme. And, of course, the Obama administration is eager to accommodate their buddies.