Another Government Nail In the Coffin of the Middle Class-Obama rule could cost low- and middle-income earners billions

$80 billion per year of costs to middle-class retirement funds to fund the Wall Street crowd that this administration and its wannabe socialist successors in the Oval Office have professed, with a Cheshire Cat smile, disdain for. The assault on and death of the middle-class has been preordained by the Fabian socialists and many of the intellectual lights of the socialist, one world agenda for well over a hundred years. It is not simply a result of technological evolution or obsolescence, it is an intended proletarianization of the people, for it is through this means that cultural and political Marxists and Fabian Socialists derive their support, a dumbed down, complacent and subservient mass of perpetual dependency.    

Government-taking-moneyMADISON, Wis. — An Obama administration’s hastily implemented retirement investment rule, sold as a middle-class white knight to greedy Wall Street brokers, could cost U.S. retirement savings as much as $80 billion a year, according to a congressional report released this week.

“The Labor Department’s rule threatens to harm low- and middle-income Americans by increasing the cost of investment advice,” U.S. Sen. Ron Johnson, chairman of the Senate Homeland Security and Governmental Affairs Committee, said in a statement Tuesday.

Report finds Obama rule could cost low- and middle-income earners billions