If the Democrats choose to push this through, this will have further repercussions. With a $4.5 trillion 401(k) system essentially taken away, that means a tremendous amount of capital will leave the stock market and into government coffers.
Since companies use much of this capital to invest in growth, this portion would disappear.
If you think the stock market is low now, it will go even lower with so much 401(k) money disappearing.
It seems the stock market just loves Obama, seeing as 10% of its value has disappeared in just two days.
