In my line of work, i have seen how low interest rates are killing interest sensitive savings and retirement products. take annuities, for example, top companies have discontinued offering many annuities and benefits which can't be sustained in this environment. and what about savings, what does your savings account earn? nothing! so i guess it makes more sense to go into the equity markets. i know that's what i've done. it takes about 1/2 a minute of considering a cd before you realize that's a waste of time. so these this sorry state is lifting the market. but it isn't for the right reasons.
It certainly appears that it's affecting your ability to function as a normal individual and lead a productive life. So if it's any consolation and helps you extract a life from your waining days I'll vote for Obama just so you can leave the GE board to people who actually invest.
BTW, do you know what the P/E is today?
It's hurting businesses too. I used to earn 4 to 6% on payroll and sales tax until I sent it in each quarter.
Now the rates are so low that I don't even bother. I just leave it in my checking account until the IRS and state debit it out.
Obama Sees Middle Class Tax Increase as a Victory The Largest Tax Hike in US History has just been upheld by the Supreme Court of the United States and President Obama sees this assault on the middle class as a victory.
The already unpopular 2010 health care reform law has been converted by the court into a $1.76 trillion tax increase funded by escalating taxes to be paid the vast majority of taxpayers. The high court’s ruling leaves in place 20 tax increases in the health-care law, of those, 12 tax hikes would affect families earning less than $250,000 per year, including a “Cadillac tax” on high-cost insurance plans, a tax on insurance providers, and an excise tax on medical device manufacturers. By formally converting ‘Obamacare’ into ‘Obamatax,’ the court allows Obama to raise taxes on the middle-class.
The decision is a distressing blow to taxpayers and represents the single largest tax increase on young people in the nation’s history. When it takes full effect, the Internal Revenue Service will have immense new power and authority to persecute and prosecute a whole new group of taxpayers.
If the law takes full effect, it will devastate small businesses and destroy any chance for a sustainable economic recovery. It will add trillions of dollars to the national debt and push the country toward bankruptcy even faster than current projections. Any individual who believes that this decision must be overturned must do everything possible to undo the damage that has been done, especially at the ballot box on November 6.
–Obamacare law contains 20 new or higher taxes on American families and small businesses–
Obama is killing those that saved their money.......
Now those folks are putting their money in the stock market, which is being propped up by a Fed printing fake money.............
So when interest rates eventually go up, stocks and bonds will collapse and those poor folks that were forced in to equities are going to get burned badly.
Oh President Obama a Hypocrite and Liar: Obama White House paying women employees 18% less than men?
In light of the so-called Republican “war on women,” the Washington Free Beacon recently investigated the internal pay scale of employees at Obama’s White House, to see how “fairly” they are treated.
Female employees in the Obama White House make considerably less than their male colleagues, records show.
According to the 2011 annual report on White House staff, female employees earned a median annual salary of $60,000, which was about 18 percent less than the median salary for male employees ($71,000).
The Obama campaign on Wednesday lashed out at presumptive GOP nominee Mitt Romney for his failure to immediately endorse the Lilly Ledbetter Fair Pay Restoration Act, a controversial law enacted in 2009 that made it easier to file discrimination lawsuits…
It is not known whether any female employees at the White House have filed lawsuits under the