[quote]In a 2010 budget blueprint unveiled Feb. 26, {that would be Feb.26, 2009. – E.} President Obama proposed that employers sponsoring 401(k) plans or other defined contribution plans should be required to offer automatic enrollment in these plans[/quote]
say what? 401k’s should be required by law to offer defined-benefit annuity plans? OMGWTFBBQ! Gubmint takeover of 401(k)’s!
BTW, I love this part: “the Obama administration is obviously scrambling to find ways to sell government debt without having to raise interest rates. ” When 10-year is at 2.59% and falling, that’s soooo hard…. But, I guess, it’s much harder to understand why 10-year is at 2.59%, if you get your econ 101 knowledge from right wing web sites rather than from “ivory tower” Keynesians.
BTW2, are you still waiting for S&P to hit 600 or did you decide to go long stocks? (Sorry, couldn’t resist)
