It took 8 years to screw it up and you expect him to wave a magic wand and make it all better?
But the Democrats have owned the entire Congress for about four years. Things got worse. It is not just on the Executive Office, it's the Congress too.
It took 8 years to screw it up and you expect him to wave a magic wand and make it all better?
I don't care about the colour, I want to know why some tea bags are square, and some are round.
I guess that's why Honda and GM are hiring lots of people in Ontario, because the Wendy's and Burger King jobs in the US are so lucrative.
You want him so much, take him please. Better yet, come on down here and live under his regime for a few years.
Manufacturing jobs also are up in USA. Manufacturing companies are hiring again. These Republicans will say anything to trash Obama.
SirJoseph
I have to disagree on your bright happy praise of Obama - since he took office my savings for retirement have lost $300,000 in less than one year. Much of the funding was the contribution from my husband's employment before he died, but
as I am the "keeper" I have tried to manage it properly and it had increased under
my care - knowing little about the stock market I was proud I had been able to
enjoy success for at least five years watching the savings grow. I never touched that savings fund once. But the government did.
For whatever reasons the current government has interefered with some of the successful plans which have been going on for years in this nation under both political parties, the eggheads in Washington seem to have lost their way or are
choosing another "way" to lead us into depression.
In case you are not aware of it, the world was close to plunging into depression when Obama took office. Stock market tanked big time right after Obama was elected, when Bush was still in power. That didn’t stop Bush acolytes from blaming Obama for the stock market drop, however.
And exactly when did you lose this 300,000? Did you lose it in 2009, the year Obama was in power? I find that astonishing. I can understand you losing that much in 2008, when Bush was in power. 2008 was a terrible year for stocks, the markets really tanked. That is when DOW bottomed at 6500.
But 2009 was one of the best years for stocks on record, most stock markets jumped by 30% in 2009. If you are saying that you lost 300,000 $ in 2009 you really must have a lousy, terrible investment advisor. Anybody who got less than say 15% return in 2009, clearly is not managing his money properly.
Personally speaking, I lost 10% of my portfolio in 2008, but had a gain of 30% in 2009, giving me an impressive rate of return of 13.5 % per year for 2008 and 2009 combined.
So if you lost 300,000 $ in 2009, don’t blame Obama, blame your investment advisor. Any moron could have made money in 2009, perhaps you should have consulted a moron rather than your investment advisor.
So don’t blame Obama for your misfortunes. The only complete year that Obama has been in office was 2009, and stock markets performed gangbuster in 2009. That has been the best year for me ever (and indeed, the best year ever for many people).
Indeed, that is what the historical records tell us, stock markets perform much better under Democratic presidents than they do under Republican presidents. Clinton (1992-2000) and Bush (2000-2008 ) is but one example.
If you managed to keep your retirement savings intact UNTIL Obama took office, you're a pretty astute investor, in which case I can't see how you can blame someone else for losing money when the markets have recovered as much as they have.
Jan 09, when Obama took office, the Dow was at 9000. Today, it's at 11000.
Between Oct 07 and Jan 09, the Dow went from 14000 to 9000. I doubt you can blame that on Obama.
I feel that the Fed Gov. is propping up the stock market by strengthening the dollar artificially thru the price of oil. There is no reason for oil to be hovering around $86 a barrel at this time, with demand being lower this time of year.
There will be a major stock market drop before the end of the year, there is only so much a goverment can do to keep a dollar strong.
I don't care about the colour, I want to know why some tea bags are square, and some are round.
Well now we know where all SJP's green rep comes from. His Sock Pupper Ruprecht.:smile:
I just checked my 2008 and 2009 Income Tax submissions which denotes losses and the year 2008 reflected about one-third ($61,100) of the loss while 2009 made up the next total of $289,000 loss in investments which is actually over the $300,000 (which made me sorry I went and looked !).
I have been advised to look for some future tax breaks....but hesitate to change things right now when I feel we are on an elevator and have given myself till the close of 2010 to see what happens.
As this is an IRA there isn't much risk in trading and activity - I have my own portfolio for personal stock trading - and do not touch the IRA. Well actually I
don't touch the regular fund either - my broker calls and asks me what "I think" and I have no answer - because she is handling my portfolio as well as her company
will allow...and I don't know enough to necessitate a change...only hope for improvement next year (or the year after).
I am going to find a worm to eat now...gag
I just checked my 2008 and 2009 Income Tax submissions which denotes losses and the year 2008 reflected about one-third ($61,100) of the loss while 2009 made up the next total of $289,000 loss in investments which is actually over the $300,000 (which made me sorry I went and looked !).
I have been advised to look for some future tax breaks....but hesitate to change things right now when I feel we are on an elevator and have given myself till the close of 2010 to see what happens.
As this is an IRA there isn't much risk in trading and activity - I have my own portfolio for personal stock trading - and do not touch the IRA. Well actually I
don't touch the regular fund either - my broker calls and asks me what "I think" and I have no answer - because she is handling my portfolio as well as her company
will allow...and I don't know enough to necessitate a change...only hope for improvement next year (or the year after).
I am going to find a worm to eat now...gag
Don't you have to get dinner on?
Why? Is he cooking for his Mom tonight? I didn't think she liked it when he left the basement?Don't you have to get dinner on?
The losses in the IRA ....
In 2008/09 they plunged to an amount of $300,000 from 2008 half way to the end of 2009. This year they have gained a portion in return - approx. $50,000 and if I watch them carefuly perhaps they will grow back but the $300,000 is the amount which occurred when Obama became president or was campaigning for the job.
I seriously doubt that we are headed for a depression, all the signs are pointing to a sure if slow recovery. If the deficit is not tackled (and it won't be tackled if Republicans have anything to say about it, just look at their history), there may be problem down the road, say 10 or 15 years into the future.I am sorry - the nation is headed for a depression unless some bright guy figures out how to access more work, jobs, housing, export, all those things we have turned over to nations who are getting very wealthy on the U.S. lack of foresight.
Then you probably admire Pat Buchanan. Though a right wing extremists, he has been isolationist for a long time now.I have always thought the U.S. "took care of its own first" - not so much any more - they seem more interested in maintaining a huge military force around the world. No one nation should be expected to shoulder the skirmishes all over the planet alone. Also the jobs are being farmed out to other nations.... when Americans are out of work. Even I who am a dunce in financial matters, sees this as insane.
I have become an isolationist..... I never thought I would see the sense in it....now I do.
Let me guess..you're broker felt that since bank stocks were down 25% and couldn't get any lower he/she moved you in, and the same with GM.
Brokers have a worse record than Obama.