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	<title>Comments on: Obama&#8217;s Economic Policy Proposals</title>
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	<link>http://donklephant.com/2008/02/14/obamas-economic-policy-proposals/</link>
	<description>Big Teeth. Huge Ass. Surprisingly Reasonable.</description>
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		<title>By: Bob Aman</title>
		<link>http://donklephant.com/2008/02/14/obamas-economic-policy-proposals/comment-page-1/#comment-391101</link>
		<dc:creator>Bob Aman</dc:creator>
		<pubDate>Fri, 15 Feb 2008 04:56:46 +0000</pubDate>
		<guid isPermaLink="false">http://donklephant.com/2008/02/14/obamas-economic-policy-proposals/#comment-391101</guid>
		<description>Interesting.  I&#039;d like a LOT more details on this:

&lt;blockquote&gt;
A Secure Retirement â€“ Obama will require employers to enroll every worker in a direct deposit retirement account that places a small percentage of each paycheck into savings.  Workers would be able to retain this account even if they change jobs, and the federal government will match the savings for working families.
&lt;/blockquote&gt;

First, do I get to pick which bank controls the account?  Do I get to determine what that &quot;small percentage&quot; works out to?  If not, do I control which bank has the account after I switch jobs?  If I switch jobs, and I migrate the account elsewhere, then start a new job, is there a second account that also has to be migrated when I move on?  If I&#039;m self-employed (which I am) then what?  Is there still matching deposits from the government?  What if I don&#039;t want to bother with this account at all?  I&#039;m assuming we&#039;re not talking about just a 401(k) here.  Is all of this limited in the same ways as an IRA/401(k)/etc in terms of actually using the money prior to retirement?

One paragraph is insufficient.  Couldn&#039;t the campaign provide links to a more detailed document perhaps?</description>
		<content:encoded><![CDATA[<p>Interesting.  I&#8217;d like a LOT more details on this:</p>
<blockquote><p>
A Secure Retirement â€“ Obama will require employers to enroll every worker in a direct deposit retirement account that places a small percentage of each paycheck into savings.  Workers would be able to retain this account even if they change jobs, and the federal government will match the savings for working families.
</p></blockquote>
<p>First, do I get to pick which bank controls the account?  Do I get to determine what that &#8220;small percentage&#8221; works out to?  If not, do I control which bank has the account after I switch jobs?  If I switch jobs, and I migrate the account elsewhere, then start a new job, is there a second account that also has to be migrated when I move on?  If I&#8217;m self-employed (which I am) then what?  Is there still matching deposits from the government?  What if I don&#8217;t want to bother with this account at all?  I&#8217;m assuming we&#8217;re not talking about just a 401(k) here.  Is all of this limited in the same ways as an IRA/401(k)/etc in terms of actually using the money prior to retirement?</p>
<p>One paragraph is insufficient.  Couldn&#8217;t the campaign provide links to a more detailed document perhaps?</p>
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