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Citigroup Inc. Message Board

  • sitkadidit sitkadidit Sep 23, 2011 3:39 PM Flag

    It's not Obamas Fault

    Do you ever notice when someone bashes The Mesiah we are told it's not Obamas fault he can't pass laws only Congress can, But in the very same breath they will tell you President Bush is still responsible for every mess we have today including the hurricane.

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    • Its not obama's fault that the markets are going down, its not any politicians fault. In my opinion,the market is going down because of demographics. 76 million baby boomers are retiring now and in the next few years(10,000 a day I heard) fewer will be putting money in their 401k plans and many more taking money out. That also means less money, alot less money going into the markets and even worse, money coming out of the markets. What goes up, must go down they say. The problem is that no one wants to hear that. So we will try to find a million ways to subsidize a sinking market that really will just keep sinking(unless the republicans get us to invest our social security in the markets). Just my opinion, but fighting this downward trend is going to be a losing battle until the baby boomers kids start plowing money into those 401k plans and that may be a while. The good news is the baby boomers kids are even a bigger demographic, so maybe in twenty years we will see dow 20,000.

      • 1 Reply to flyininmytaxi
      • "Its not obama's fault that the markets are going down, its not any politicians fault. In my opinion,the market is going down because of demographics."

        So in your opinion, the economy is a well oiled machine running perfectly on all 12 cylinders. The libtards didn't screw up the housing market and the global economy by giving 100+% liar loans to minorities and the poor whether they could afford them or not. Bonobo socializing healthcare at the expense of the economy, his 5 fold deficits and double debt aren't the problems with the market. It's mom and pop cashing in their CD's?

 
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