Democrats Discuss Taking Over People's 401K's

If you don't think an Obama, Pelosi, Reid run government would result in a dramatic swing to the left, read US News and World Reports article on congress' discussion of takng over people's 401K's. 401K's are not 'rich people' savings plans they are middle America's retirement and savings plans, and Dems are looking to make them into 'government created' accounts. Would Obama, Dems Kill 401(k) Plans?

I hate to use the "S" word, but the American government would never do something as, well, socialist as seize private pension funds, right? This is exactly what cash-strapped Argentina just did in the name of protecting workers' retirement accounts (Efharisto, Fausta's Blog). Now, even Uncle Sam isn't that stupid, but some Democrats might try something almost as loopy: kill 401(k) plans.

House Democrats recently invited Teresa Ghilarducci, a professor at the New School of Social Research, to testify before a subcommittee on her idea to eliminate the preferential tax treatment of the popular retirement plans. In place of 401(k) plans, she would have workers transfer their dough into government-created "guaranteed retirement accounts" for every worker. The government would deposit $600 (inflation indexed) every year into the GRAs. Each worker would also have to save 5 percent of pay into the accounts, to which the government would pay a measly 3 percent return. Rep. Jim McDermott, a Democrat from Washington and chairman of the House Ways and Means Committee's Subcommittee on Income Security and Family Support, said that since "the savings rate isn't going up for the investment of $80 billion [in 401(k) tax breaks], we have to start to think about whether or not we want to continue to invest that $80 billion for a policy that's not generating what we now say it should."

Hat Tip to Smart Girl Politics original article Kiss Your 401k Goodbye!

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Democrats Discuss Taking Over People's 401K's

Biden Says Obama Will Be Tested With A ‘Major International Crisis’

Barack Obama will need help in a crisis, says Joe Biden from Times Online UK...

Joe Biden, the Democratic vice-presidential nominee, has told Americans to expect a “major international crisis” that will present an early test of a Barack Obama administration.

His comments were seized upon by the Republican campaign yesterday to raise fresh doubts about the prepared-ness of Mr Obama to be commander-in-chief.

Speaking at a fundraiser in Seattle on Sunday night, Mr Biden said: “Mark my words, it will not be six months before the world tests Barack Obama like they did John Kennedy. The world is looking. We’re about to elect a brilliant 47-year-old senator president of the United States of America. Remember I said it standing here . . . we’re gonna have an international crisis, a generated crisis, to test the mettle of this guy.”

He cited Russia and the Middle East as possible places that may cause problems, as well as the border between Afghanistan and Pakistan – “crawling with al-Qaeda” – as being of particular concern.

Mr Obama would need help and support, Mr Biden suggested, “because it’s not gonna be apparent, initially, that we’re right.” He then spotted the media in the room, “I probably shouldn’t have said all this because it dawned on me that the press is here.”

Now why would anyone vote for Barack Obama when his own VP states that a vote for Obama is a vote for an international crisis? Why would anyone want to be a part of a ticket that one believes will lead the country to crisis? What an unbelievable statement. The only time a time camera falls on Senator Biden at this point is when he is trying to pull his foot out of his mouth. However, this is beyond a gaffe; this is disturbing. It appears Senator Biden sees Senator Obama as weak. It appears that Senator Biden, is not confident in Senator Obama's ability to handle a crisis, and it appears that Senator Biden would prefer a "major international crisis" that a Republican president.

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Biden Says Obama Will Be Tested With A ‘Major International Crisis’

Heeeere's Johnny...

Who can make both Senator Clinton and Senator Obama roll with laughter? ...John McCain at the Albert E. Smith Dinner.

Video picks up at 2:38

Oh please, please, please, let this be a sign that McCain will be McCain in the last three weeks of this election.

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Here's Johnny...

Obama, Pelosi, Reid, Reins

From Right Change

Republicans Democrats Fannie Mae Freddie Mac

Speak Out Against Media Bias

The McCain Palin 2008 blog is sponsoring a petition protesting media bias with the support of groups/sites across the political spectrum. While many have witnessed a decisive pro-Obama slant in this news reporting during this election, this bias became glaringly apparent when Governor Palin was selected as the vice-presidential nominee. Whether it is an organization like the New York Times having to retract stories about Governor Palin because they printed rumor and not fact; networks investigating the children of the Governor; or network pundits questioning the Governor's 'mothering' skills, this over-the-top behavior and blatant bias is unacceptable. With over 1200 people having already signed we urge all readers to speak out against an irresponsible media by signing the following petition.

Petition - Speak Out Against Media Unfairness and Sexism

Petition Founder - McCain Palin 2008 Blog

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McCain on Fannie Mae, Freddie Mac, and the Economic Crisis

Obama Palin and the About to Die Argument

If one were to listen to the Democrats over the last couple weeks, you might conclude that Senator McCain is terribly ill just waiting for November or January to keel over. The line of attack is to tell voters that Sarah Palin will be president, and that she is not qualified for that job.

So for a moment lets ignore the morbid, and highly suspect premise of this argument. It's Palin v. Obama. It's a first term Governor v. a first term Senator. Both are short on foreign policy experience. They each have some experience, but not an extensive foreign policy record. Palin wins on executive experience; she's run a state, she has run a town; she's the commander-in-chief of the Alaska National Guard. What's particularly surprising is that Governor Palin has the edge of legislative achievements. This is an area that Senator Obama should win as his experience is almost completely in the legislative branch, yet he has no major pieces of legislation in his name in the U.S. or State Senate. It's not that he has no legislative experience but it is sparse and it is mainly on politically safe issues.

Palin's legislative accomplishments actually eclipse Obama's. She pushed through bipartisan ethics reform bill in Alaska. She passed a tax increase on oil company profits, and she enacted the Alaska Gasline Inducement Act (AGIA) to set up a natural gas pipeline in Alaska. She has taken on her own party in big ways by ousting two entrenched incumbants, resigning her post at the Alaska Oil and Gas Conservation Commission as a protest to 'lack of ethics', and opposed the reelection of Republicans Don Young and Ted Stevens because of ethics/corruption charges. Senator Obama does not have a bipartisan record, or a history of taking on his own party in any way.

So if Governor Palin were running for president I would have some doubts about her foreign policy experience, somewhat similar to those I have about Senator Obama's foreign policy experience. However, she's not running for president. Yes, it is possible that she could become president, but on the other hand Senator Obama would definitely be bringing a lack of foreign policy experience to the White House. If Governor Palin did have to take over the Presidency, her vice presidential experience would eclipse any experience Senator Obama now claims to have on foreign policy. The only way the Obama campaign has even the slightest opportunity to win the experience argument against Palin is to convince everyone McCain is on his last legs. Granted no one is guaranteed a particular life span, but this argument is a stretch and rather grim.

It is the team element of the Palin pick that makes McCain/Palin combination so strong. There is legislative and executive experience on the Republican ticket. There is a foreign policy expert, and there is an energy expert, they both have a history of working across party lines and battling corruption, there is military experience, there is 'beyond the beltway' experience. They both have a background and history of reform. On the Democratic side Obama chose an experienced Washington insider, who brings foreign policy experience, but dilutes the message of change. The match is awkward with the experienced candidate in the two slot and the novice at the top of the ticket. This has left the Obama campaign with the 'About to Die' argument leaving another ding in the 'politics of hope' mantra.

Obama Palin and the About to Die Argument

OMG I'm Watching the First Female Vice President

The test for Governor Palin was to see if she could perform on the big stage. Could she handle the pressure? Could she handle the criticism? Oh yeah! She can handle it. She just crushed her critics, and showed the media for what they are, glorified gossip hounds. While the media sulks, lets look at what was so amazing about this speech. She talked details, no sweeping generalities, but hard facts on current issues. She gave her background and explained how her experience as Governor and as mayor has prepared her for being VP. She addressed her family, and laid to rest the swirl of nasty remarks made over the weekend. She championed small town America, and echoed the theme of service and country. Finally, she destroyed the opposition. From nailing Harry Reed, to shooting down the Obama campaign's message of hope and change as an empty rhetoric that lacked action, to deflating the Obama campaign's attacks on her experience by flipping those remarks onto Obama himself. This speech had it all and Governor Palin knocked it out of the park.

OMG I'm Watching the First Female Vice President

Obama Buys Real Estate from a Convicted Felon, Then Criticizes McCain for Owning 7 Homes

Barack Obama's attacks on Senator McCain this week have been extremely sloppy and very ironic. First, he criticized a McCain fund raiser for having ties to Jack Abramoff. Yet Senator McCain led the Abramoff investigation, and Obama fund raiser William Ayers not only has shady associations, but he is an unrepentant terrorist and was a member of the Weather Underground. Now Senator Obama is critical of Senator McCain for owning several homes, some of which are investment properties. A rather ironic criticism since none of Senator McCain's properties were purchased from a convicted felon unlike Senator Obama who purchased property from Tony Rezco, good friend, Obama fund raiser, and convicted felon.

Obama Buys Real Estate from a Convicted Felon, Then Criticizes McCain for Owning 7 Homes

Obama Cancels Visit with Wounded Troops Because of No Media Coverage

The Wall Street Journal Reports...

The Obama camp said they canceled the event after the Pentagon ruled it was a campaign event, and needed to be funded from the senator’s election kitty.

“Senator Obama did not want to have a trip to see our wounded warriors perceived as a campaign event when his visit was to show his appreciation for our troops and decided instead not to go,” Obama advisor, retired Gen. Scott Gration, said in a statement.

How about visiting the troops without the media tagging along, then it wouldn't look like a campaign event. Senator Obama is spending $5 on advertising during the Olympics, but won't visit wounded soldiers on his campaign's dime? Apparently, it's more important for him to have the media take pictures of him at the Ritz Carlton gym lifting weights, than to take a moment leave the press behind and talk to the people who defend this country.

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NBC and Hot Air are now confirming that Obama did not visit the troops because press would not be allowed to also attend.
Why Obama snubbed the troops: no photo op allowed
MSNBC First Read

Obama No Cameras Then No Troops