Quote:
Originally Posted by The Villager II
In my opinion, things have gotten much better. I live in The Villages and last year due to improvements in the economy I received a nice raise to my retirement income. All thanks to the current administration in Washington bringing our country back to a healthy state.
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VII While I am pleased for your monetary gain, you might want to attempt to identify what economic decision Obama made that had a direct affect on your retirement plan. Its more likely in the short run that the Fed has a more profound affect. However the Fed's policies unless recalibrated now will have some long lasting negative affects. For instance while you may have gotten a bump in your retirement cost of living which was pre-determined, retirees are losing interest income on CD's, etc owing to the low or non existent interest rates being held back by the Fed. Make no mistakes Obama's economic policies by definition can not create growth they can only shift incomes around. Since you and I do not have the resources available to us to dodge the big tax bite we will end up on the short end of his agenda. So that nice bump you just got better bank it because if Obama has his way he will be knocking on your door looking for it.
Personal Best Regards: