Posted on 09/29/2008 11:16:12 AM PDT by 300magnum
I agree, and not only that, it likely will get a total Marxist elected because Republicans are going to get all the blame!
President Bush went on TV to say the economy and markets would crash if this didn't get fixed, and soon.
Well, it will and we'll get the blame.
sw
Nah, stocks are finally going to become affordable again. Last time I did pretty well, and Im confident I can do it again. I'll let you know how it turns out in a year or so.
“Easy for that gas bag to say that when he gets 50 mill a year in a contract.”
Envy is an ugly thing...
I’m sorry you’re losing money, I truly am. I know the dreams of sitting on the beach or traveling in the RV to visit the kids is a big one.
However, up until recently, people worked until they died. It could be that way again. I will. We chose to homeschool the girls instead of my employment. In the end, please say Hi to me as I greet you at Walmart or serve you coffee in the drive-thru window at McDonalds.
Everything that we have put away has lost money. Our house is worth nothing here in MI. In that house is the equity from my parent’s house, the one my hubby bought GI and the sweat I have put in to take it from a “fixer-upper” to home.
And I’m 48. Nor am I going to whine about it. I’m praying and happy. Today could have been much worse.
I would have liked to retire at 68. That’s 18 years from now; not exactly the longest of time horizons, nor the shortest. The problem is, when you’ve been working for 30 years as I have, it’s a lot harder to make back the losses, especially as you have to start dialing back the risk profile of your investments. If your assets lose 20% of their value, they need to go back up by 25% just to get you back where you once were.
They’re just taking out their money so they can enjoy the coming spring of freedom and individual liberty
“Us poor shlobs nearing retirement who paid by the rules are screwed.”
How “near” are you to retirement?
Don't feel like the Lone Ranger.
Suck it up and be glad we got the victory over socialism, fleeting though it might be.
Don't feel like the Lone Ranger.
Suck it up and be glad we got the victory over socialism, fleeting though it might be.
agreed - people will find that out later, I’m afraid
So stop gambling with your retirement monies.
Wal-Mart and McDonald’s rely on functioning credit markets in order to fund and operate their businesses.
Having said that, while a continuing credit contraction becoming more severe will cause many businesses to fail, and unemployment to soar, as a larger percentage of the population becomes lower-income, some businesses that are well-positioned to serve the lower-income sector, such as Wal-Mart, will likely make out much better than others.
" the end, please say Hi to me as I greet you at Walmart or serve you coffee in the drive-thru window at McDonalds."
If you'd have wisely invested your money in Wal+Mart or McDonalds, you wouldn't have to work as a greeter in your golden years.
Truth is a two way street.
sw
There are definitely some things that need to be done (starting with removing the foxes from guarding the hen house), but this was not the right solution. Newt has some good ideas, as do some of the house republicans.
A lot of folks need to go to jail or be removed from office for allowing this to happen this. There have been plenty of warnings. I don’t care which party they are in.
Ah, another "populist" against investing in the stock market.
Anti-capitalism at its best.
the waves of socialist policies would eventually overwhelm our economy anyway.
Well, I can do medical transcription at home.
The point is, stop complaining. Our forefathers did retire at 65.
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