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Too bad Obama turned out to be a pawn for the elitists by bailing them out at the expense of future generations that will be saddled with massive debt. We had the chance in 2008 to break up these big banks and start a recovery. Instead the administration and the Fed. played right into their hands and screaming like Chi...more
In the late 1960's we as a country began a shift from a manufacturing economy to a financial services economy. This move was orchestrated by the richest families that own the federal reserve. By outsourcing high paying manufacturing jobs that allowed individuals to save and invest, the elitists found they could subsidi...more
Don't worry, Obamacare will take care of everything. Remeber, last year we were promised premium increases of only 2% over 10 years. This year premiums increased 7-12% alone and Obama's people in charge of setting up the state exchanges are busy extorting 2.5 billion from the insurance companies since the cost of setti...more
I didn't miss out as you incorrectly assume. Problem is colleges are turning out students with huge amounts of loan debt and less jobs are being created to absorb the ever expanding pool of eligible workers with our increasing population. True birth rates are down, but immigration still more than makes up for that. Fac...more
Is that why the Labor Participation Rate is at 63.3%, the lowest since 1979 and those workers 62 years of age and older are the fastest growing age group in the work force because the can't afford to retire? Warrior for the middle class my a$$. Grandparents shouldn't have to live with their kids just to survive, and yo...more
The "Warriors Of The Middle Class" are manipulating and trying to hide the train wreck we are racing head long into. Student loan debt is excluding so many from being able to purchase homes and the tax payer will be on the hook for trillions in delinquent student loan debt. We still aren't out of the woods with foreclo...more
RIGHT. Wall Street was a cottage industry before the 401K and those elaborate buildings were built on fees. Most unions still have defined pensions and the employers can offer 401Ks in addition to the union plans. Your statement about replacing union pensions is without merit. The 401K was conceived as a pension for hi...more
The 401K was originally designed as a tax shelter for those making 200K or more. When Wall Street found out that they could buy the politicians and make piles of money in up front and hidden fees, they set to work moving everyone from conventional defined benefit pensions to 401K's. The Wall Street investment and banki...more