Friday, January 22, 2010

Where Do Ordinary People Think Their Pensions Are?

The President is so intent on finding "bad guys" on whom he can blame any problem that arises that he fails to see the long term problems such as the present falling stock market where many of the pension funds are invested. So, what's happening? The market goes down, our investments shrink. When stocks go down investors are apprehensive about putting money in companies who will be hard pressed to show a profit as in the case of interest or dividends or growing companies, ie., the stock price increases for profits for investors.

For a guy who has been touted as brilliant, it's getting tougher and tougher to understand how his mind works. Sorta reminds me of a guy I used to know whose motto was "Don't confuse me with facts, I've already made up my mind." I thought that breed was extinct, but I see they are still around.

The other thing I noticed this week was the report by the moving van companies who indicate that Michigan is still the "winner" or is it "loser," by having two moving out for every one moving in. Illinois, California and New York are also on that end of the contest. The places where folks are going are generally states without income taxes and other attractive attributes like: Oregon, Arkansas, Nevada, Wyoming, Idaho, Colorado, Georgia, New Mexico, Texas and North Carolina.

The ultimate winner? Washington, D.C. For every seven moving in, only three leave. What does that tell you? More and more people are needed by this administration and their programs to separate the American public from their money for redistribution. It also "proves" the point that jobs are increasing. Just not in the private sector. Everywhere else the unemployment rates are still on an upward trajectory.

Enough. I hope this is a weekend for most of us to rest up from the daily chores that keep us busy and allow for some recreation.

Have a good weekend--
God bless...........

1 comment:

Anonymous said...

This is another meltdown on assets in family savings plans, largely because of the blunder on Obama's part to lash out at big business. It comes at a time when family plans were beginning to get relief from the crash of two years ago. It was about time that we should see improvement. This was Obama's way of getting even for what happened in Massachusetts. He is taking everybody down with him. The Bush years were the best years