The Bush administration is being considered responsible for about 1-2 million Americans losing money last year.  First Madoff, now the government?  The administration changed legislature that gave companies the ability to automatically enrolls employees into a tax-free 401k retirement fund.  The stipulation is that the mandate required the company by law to invest them heavily in stock related portfolios when they failed to identify their own strategy.

The administration also quelled a more conservative approach that would have seen the assets rise about 4.7 percent.  In contrast, the assets from close to two million workers dropped at least 25 percent in every case.  The change in legislation came before the market crash and is sure to be on our socialist regime’s agenda.

Tags: bush, madoff, obama, retirement