April 1, 2009
Congress and 401(k)s: Pensioners--Invest in TARP or Else!
Congressional leaders and Administration officials, frustrated with the amount of private money sitting on the sidelines in our economic crisis, will soon announce, according to unnamed sources inside the White House, a bill that requires all those who hold 401(k) plans to invest at least 25% of the remaining funds in those plans in the White House's new private-public partnership program that will buy bank's toxic assets. The unnamed source stated that 401(k) pension plans had been given a "free ride" on the government's bailout plans and need to participate along with everyone else. Those 401(k) plan holders that refused to invest would be jailed in Gitmo.
In an unrelated development, the President has order GM to fire race driver Dale Earnhart,.Jr. "He is a slaker who is not winning any races," the President is reported to have said.
April 1, 2009 | Permalink
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Pretty good. I'm surprised you didn't get any takers on this yesterday.
Posted by: anon | Apr 2, 2009 8:37:40 AM
I think your post is 10-20 years too early.
Posted by: Doug | Apr 2, 2009 9:11:21 PM
10-20? I give it 3.
Posted by: Methinks | Apr 6, 2009 7:37:49 AM
Why does the President need to fire Dale Earnhart Jr? In a cost saving measure, Barney Frank should just call him up at home and tell him that his new "compensation package" is now $34,000 a year.
Jeez, when did this government take a short position on common sense.
Posted by: Chris Tamms | Apr 6, 2009 10:30:36 AM