Sort of.
The Dow does have about 50% of the population investing in it.
The thing is, about 50% of the population, doesn’t have a dime in the Dow.
Those are the people, who really need help. And they don’t seem to be getting it at the moment.
Just gobs, and gobs, of stuff in every store, which is Made in China.
......”Those are the people, who really need help. And they don’t seem to be getting it at the moment”....
You seem to be in a downer mode......sorry things aren’t possibly going your way their in Vietnam. maybe time to return to USA.
When stocks do well so do we....as you likely know. It’s a favorable indicator even for those not invested.
Those are the people, who really need help. And they don’t seem to be getting it at the moment.
They are getting help. You just don't want to see it.
I own a small business. I also have stock investments. None of my employees have any investments, despite the fact that I pay above prevailing wages. OTOH, they have JOBS, which is a direct result of me having successful investments.
Go ahead, tell me how they are not benefitting from the current good times?
“Sort of.
The Dow does have about 50% of the population investing in it.
The thing is, about 50% of the population, doesn’t have a dime in the Dow.
Those are the people, who really need help. And they don’t seem to be getting it at the moment.
Just gobs, and gobs, of stuff in every store, which is Made in China”.
Well, much of the people who you say need help or don’t get it are spending for immediate gratification instead of investing and deferring spending for their future. Quick statistic; 68% of those who have access to 401K, IRS, profit sharing, etc, either don’t take advantage of them or cash out as soon as there’s any vested money available. Stupid and irresponsible if you ask me...
Most of the 50% you commiserate with have made decisions to “lessen” their chances at being solvent/comfortable. Show me a country with 50% “needing help” and I’ll show you a country where that 50% has been negligent, made bad decisions, and bought into the liberal mindset that the People just can’t do it w/o the government’s help.
It took decades for us to find ourselves in this position, and it will take a good amount of time to right this ship.
Not making excuses for the President, but if the Republican leadership at large wasn’t actively working against him things would be moving along much faster. The Congress could have and should have repealed 0bamacare a year ago but they didn’t. That alone would have had a very positive effect of Joe and Jane Average.
But to your point I do think fixing our infrastructure would have been a better way to go for the rank-and-file American, but the tax issue was addressed first. Hopefully infrastructure is next.
But this President is fighting an uphill battle with the media, his own party and the anti-American Democrats.