Is Jonathan Gruber — the MIT economist who seemingly dropped out of public view after he was caught on camera bragging about how he and other Obamacare architects misled the American public — now advising the Department of Labor?

No evidence indicates that he is, but the authors of DOL’s sweeping new seven-part group of regulations that would sharply curtail choices of assets and investment strategies in 401(k)s, IRAs, and other savings plans appear to share Gruber’s mindset on the “stupidity of the American voter” (a revelation that Rich Lowry aptly described as “an unvarnished look into the progressive mind, which . . . favors indirect taxes and impositions on the American public so their costs can be hidden, and has a dim view of the average American”).

Now President Obama and Secretary of Labor Tom Perez are advancing a new regulatory and hidden-tax scheme while claiming to protect average Americans’ retirement savings from unscrupulous financial professionals. The proposed “fiduciary rule” would restrict the investment choices of holders of 401(k)s, IRAs, health savings accounts, and Coverdell education accounts.

In a speech to AARP, Obama proclaimed:

If you are working hard, if you’re putting away money, if you’re sacrificing that new car or that vacation so that you can build a nest egg for later, you should have the peace of mind of knowing that the advice you’re getting for investing those dollars is sound, that your investments are protected.

Similarly, a DOL “fact sheet” describes the rule as “protecting investors from backdoor payments and hidden fees in retirement investment advice.” The sinister-sounding “backdoor payments” actually refers to a longstanding practice of compensation to brokers from many mutual funds and annuities. This practice is disclosed to investors and enables brokers to charge them less because of the additional compensation that brokers receive.

Yet upon further reading, the DOL rule seems premised on the Gruberite notion that American investors need protection from their own stupidity. According to page 4 of the rule:

[I]ndividual retirement investors have much greater responsibility for directing their own investments, but they seldom have the training or specialized expertise necessary to prudently manage retirement assets on their own.

Therefore, they “need guidance on how to manage their savings to achieve a secure retirement.”

Can’t savers who feel they need this guidance seek it out from a variety of investment professionals under a system with strong disclosure and anti-fraud rules? Absolutely not, says the Obama administration.

read more:

http://www.nationalreview.com/article/417525/obamacare-your-ira-joh...

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MARXISTS NEVER RUN OUT OF SCHEMES TO FLEECE THE PEOPLE . THEY WONT BE HAPPY UNTIL THEY HAVE STOLEN EVERYTHING WE OWN .

"You didn't make that money-- the government did!"  Obama and his trolls are looking at every pile of money they can get their hands on, drive the country into overwhelming debt, seal saving accounts from those who have worked and managed their money, yap that's the Obama way.

What a low down gangster crook!!!!

he isn't really needed; he uses an [MIT?] computer modelling software that is specifically flawed.  garbage in, garbage out... [he] looks at the output of fatally improper input - disguises it as thought pattern and spews the exact same crap that was planned to be the output from onset - and, here we are... so to speak.  So did a lot of Federal funding/grant monies go into the development of the software to back the necessity of outcome?  Becoming like an old Betty Davis Movie married to (starting with): 2010, A Space Odyssey... Whatever Happened to Hal?

Don't know for sure but when I looked at the Obamacare stats relied on to produce the Obamacare catastrophe, appears so  -  on purpose or just stupid, is the question?

Yet upon further reading, the DOL rule seems premised on the Gruberite notion that American investors need protection from their own stupidity. According to page 4 of the rule:

[I]ndividual retirement investors have much greater responsibility for directing their own investments, but they seldom have the training or specialized expertise necessary to prudently manage retirement assets on their own.

Therefore, they “need guidance on how to manage their savings to achieve a secure retirement.”

Hay, I for one [1] am Glad the U. B. Government is looking out for me & my retirement money - - - - NOT!!!!

The Washington schemers never stop. Once they've forced everyone into one of the seven chosen investment schemes, they can use the government controls congress gave them to bankrupt those schemes, then save everyone with government handouts.

Obama wants all Americans to have the same everything  doing this in his mind its ok to steal what is not his and make it his.  Tyranny it is worse than that.  He is pure evil and his thirst for power and money is one thing he will never be able to satisfy.  He needs to be impeached.  NOW.

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ALERT ALERT

TOTAL BULLSHIT!: Trump Goes Off On Mueller Report, People Who ‘Take So-Called Notes'

After a 22-month investigation — with 2,800 subpoenas, 500 witnesses and 500 search warrants, which generated thousands of pages of information, all costing upwards of $30 million — the media boiled it all down to two words: “I’m fucked.”

The media, toeing the line for Hillary Clinton — who, after her shocking and humiliating loss decided that she needed someone or something to blame and pointed a crooked finger at Russia — decided that President Trump all but admitted his alleged crimes with those two words.

In his report revealed on Thursday, Robert Mueller described a scene in the Oval Office that allegedly took place right after he was appointed special counsel and charged with investigating allegations that Trump or his campaign minions colluded with Russia to alter the outcome of the 2020 election.

“Oh my God,” the president told then Attorney General Jeff Sessions, according to the report. “This is terrible. This is the end of my Presidency. I’m fucked.” The interaction was recorded in notes taken by Session’s chief of staff, Jody Hunt.

Many media outlets did not include the context, which was plainly spoken by Trump at the same time. “Everyone tells me if you get one of these independent counsels it ruins your presidency,” Trump said. “It takes years and years and I won’t be able to do anything. This is the worst thing that ever happened to me.”

Luckily for America, he has been able to work through it all, returning the economy to its past glory, achieving record lows in unemployment, and much more.

Now, Trump is taking aim at “people that take so-called ‘notes.’ “

“Statements are made about me by certain people in the Crazy Mueller Report, in itself written by 18 Angry Democrat Trump Haters, which are fabricated & totally untrue. Watch out for people that take so-called ‘notes, when the notes never existed until needed. Because I never….” Trump wrote Friday morning on Twitter.

Donald J. Trump    realDonaldTrump

Statements are made about me by certain people in the Crazy Mueller Report, in itself written by 18 Angry Democrat Trump Haters, which are fabricated & totally untrue. Watch out for people that take so-called “notes,” when the notes never existed until needed. Because I never....

Trump got worked up after that, calling some tales told in the report “total bullshit.”

“[I]t was not necessary for me to respond to statements made in the ‘Report’ about me, some of which are total bullshit & only given to make the other person look good (or me to look bad). This was an Illegally Started Hoax that never should have happened,” he wrote.

Donald J. Trump   realDonaldTrump

Late Thursday night, Trump also praised Wall Street Journal opinion writer Kimberley Strassel, saying she “should get the Pulitzer. She is a treasure (and I don’t know her) who correctly called the Russia Hoax right from the start! Others who were soooo wrong will get the Prize. Fake News!”

Donald J. Trump    realDonaldTrump

Kimberley Strassel should get the Pulitzer. She is a treasure (and I don’t know her) who correctly called the Russia Hoax right from the start! Others who were soooo wrong will get the Prize. Fake News!

Kimberley Strassel    @KimStrassel

Jump to "where the Mueller team lists its 'prosecution and declination' decisions . . . try not to picture Mueller 'pit bull' prosecutor Andrew Weissmann collapsed under mountains of federal statutes after his two-year hunt to find one that applied."

In a tweet on Thursday, Strassel perfectly summed up the contents of the Mueller report.

“1) What is in the Mueller report: –endless, unrevealing details of inconsequential interaction between trump folks and Russians. –remarkable details about the many and varied statutes the SC [special counsel] nonetheless debated using to tie someone up for something on the Russia front,” she wrote.

Kimberley Strassel    @KimStrassel

1) What is in the Mueller report:
--endless, unrevealing details of inconsequential interaction between trump folks and Russians.
--remarkable details about the many and varied statutes the SC nonetheless debated using to tie someone up for something on the Russia front

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