Obama Campaign Response to McCain 401K Proposal

[Hope And Change]

Obama Campaign Response to McCain 401K Proposal

By Christopher Hass - Oct 10th, 2008 at 4:50 pm EDT

In response to John McCain’s http://voices.washingtonpost.com/the-trail/2008/10/10/mccain_seeks_reform_of_401k_li.html?hpid=topnews">new 401K proposal, Obama-Biden spokesman Bill Burton called on McCain to support Obama’s http://my.barackobama.com/page/community/post/stateupdates/gGgbQT">New Small Business Rescue Plan, saying:

Barack Obama supports allowing senior citizens to delay withdrawals from 401(k)s, and believes we don’t have to wait for Congress to act to provide seniors with these protections. He’s calling on the Treasury Secretary to temporarily suspend Treasury regulations and allow seniors to delay these withdrawals. He also hopes that Senator McCain will reconsider his ill-advised support for Social Security privatization, which suffers from the very same problem he is now trying to solve since it would potentially force seniors to retire when the market is down and their retirement accounts have disappeared. Senator Obama also calls on Senator McCain to support his new small business rescue plan that will extend badly-needed credit and tax relief to the men and women who are creating jobs in this troubled economy.

http://my.barackobama.com/page/community/post/stateupdates/gGgbXm">Link

[mod mom]

1. Today in Columbus Obama said the the GOP has turned your 401K into a 101K.

[lamp_shade]

2. And people wonder why we love this guy so much. Yannow?