rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
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How can you not be better off than you were eight years ago?
You have to be a total retard not to make money in a stock market that more than doubled, a real estate market that has increased while maintaining record low interest rates and a job market that added 10 million jobs
Only a conservative could lose money in that environment
Well we all know dems didn't make any money only the the fat cats that Obama has been saying were the bad guys for the last 8 years
Besides we saw what happened in the last market slide
The policy of artificially low interest rates and printing shit loads of money has overvalued the market and we're not out of the woods yet
How is your retirement account compared to eight years ago? Mine has tripled in size
Under Bush, I saw my 401K drop by half. I saw my house lose $60,000 in value, I saw a job market where people were losing jobs at 750,000 a month
How can you not be better off?
I assume you've been making contributions this whole time
And As I said there is a reason why the stock market is doing so well but we also know that it is very volatile as the last slide showed us
The reason it is so volatile right now is because of Obama's policies of printing shit loads of money and the fed keeping interest rates artificially low
It is valid to compare the current stock market to the real estate market 10 years ago we had a similar over valuation coupled with interest rates near 0
Obama's policy of printing shit loads of money yet didn't result in shitloads of inflation as predicted by conservative economists. Quantitative easing was immensely effective