Obama Fires the First Shot on Your Retirement Account

From Casey Research

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Dan Steinhart, Managing Editor, The Casey Report

Dear Reader,

Did you watch the State of the Union address?

I didn’t, because, well… I didn’t want to.

But I did read the transcript the morning after. And boy is there a doozy in there. A lot of news outlets are talking about it. But very few dissected Obama’s tricky language enough to understand its significance.

I’m talking about his unveiling of the “MyRA,” which is ostensibly a new retirement account for working-class Americans. Sounds innocent enough.

But read a little closer, and… well, rather than put words in his mouth, let’s let the skilled orator tell us about the MyRA himself, word for word from his State of the Union address.

Take it away, Barack. (His words, verbatim, are in bold.)

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