martybegan
Diamond Member
- Apr 5, 2010
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I guess the rising stock market under Obama was a failure now?
Of course not. But it was not the panacea you seem to think and Trump wants you to believe. Do you not see how it aids the investment class and Wall Street, but has little or no positive impact on Main Street and families whose wages do not allow for investing?
Calling for Health Savings Accounts as Trump did last night would put more economic stress on Middle Class workers and the working poor would end up in the ER.
I really wonder why such obvious outcomes are so difficult for the conservative set to comprehend.
There are a lot of middle class, Union members who have money invested in the stock market, do they count?
And in their pensions, and in their managers 401k's. Everyone has a slice of the investment class, even if its included in a financial vehicle like a mutual fund.
One more half-truth ^^^ with a bit of irony tossed in; pension funds did great, so did 401k's but there is no guarantee we are not experiencing a bubble, is there?
The irony is the claim that Union Members have income which allows them to invest in financial instruments, when it is the goal of Corporate America and the Republican Party to create Right to Work laws and make every state and open shop is in operation now, to repeal the PPACA and make health care savings accounts for workers who can't afford to save for their retirement.
Get real, this is voodoo economics on steroids. If all of what Trump said comes to fruition, our debt will grow and the spread of wealth inequality will increase.
What is the "half truth"? My 401k is invested in stocks and bonds, something we call investments, to the tune of $280k. Not bad for someone only in their early 40's.
Even if they don't have the funds to invest personally, their pension and 401k does. Unlike social security, pensions and 401k's don't have the magic general fund to make up any losses.
The rest of your spiel is just class warfare bullshit, and not worth my time.