Comments on: Time to Get Down to Business

By: Sheri P

Sheri P — Thu, 06 Nov 2008 19:38:23 +0000

To David in Sarasota,

I could not have said it better myself. On the 401(k) issue; unless I read the proposal wrong, I believe the gov’t is going to take it ALL … 401k accounts… into the Social Security System (restoring participant balances at 08/31/2008 values). From there they are going to fix the rate of return (total return) at 3% per year, and will allow you to make contributions of 5% per year maximum.

Again, this is what I have read…. maybe it has changed??? It’s nothing more than SOCIALISM and I am ticked!

By: Sheri P

Sheri P — Thu, 06 Nov 2008 19:36:23 +0000

To David in Sarasota,

I could not have said it better myself. On the 401(k) issue; unless I read the proposal wrong, I believe the gov’t is going to take it ALL 401k money into the Social Security System (restoring participant balances at 08/31/2008 values). From there they are going to fix the rate of return (total return) at 3% per year, and will allow you to make contributions of 5% per year maximum.

Again, this is what I have read…. maybe it has changed??? It’s nothing more that SOCIALISM and I am ticked!

By: joe the capitalist

joe the capitalist — Thu, 06 Nov 2008 02:35:54 +0000

A bit difficult to get back to business … capitalism does not work when the markets are nationalized and the population gets money for nothing from Uncle Sugar. Checking out the demographics of the election, Obama was elected by women, twenty-somethings, minorities, unions and gender challenged males. They will have to figure out how to make this work. Capitalism was rejected by our elected representatives before the election, and confirmed last night by the winning constituency.

By: B Scott

B Scott — Thu, 06 Nov 2008 00:24:40 +0000

The President-Elect said the economic problems may take more than 1 term to correct,I didn,t notice any wild cheering after this comment,matter of fact the audience appeared almost “stunned”.It,s a good thing he didn,t use the Kennedy line,ask not what your country can do for you, but what you can do for your country… you probably would have seen half the audience stampeding out the doors while the other half fainted to the ground.

By: 6ftrabbit

6ftrabbit — Wed, 05 Nov 2008 21:49:23 +0000

Obama is not the President or even A President. He’s just the SOB who’s going to stink up the office for the next 4 years – if he’s lucky.

By: Ward

Ward — Wed, 05 Nov 2008 20:32:40 +0000

I disagree with you on how America can have a strong economy again. I am 26 and have started more businesses than Obama ever will. He cannot DO anything that will fix our economy. The only thing he should (but won’t do) is nothing at all. Pleace let the free market be the free market. No dancing needs to be done by Obama. He is married and the free market is supposed to be for SINGLES (Free actors) only. So when the dollar is worth nothing and gas is at 5 dollars a gallon next summer. We just need Obama’s dancing and “Yes we can” to fix all of our problems. The only problem is that people don’t want free markets. They want socialism which means by by to prosperity.

By: Steve

Steve — Wed, 05 Nov 2008 19:15:19 +0000

Well, the Dow seems to love Obama… well, actually, not so much.

By: AMB

AMB — Wed, 05 Nov 2008 18:33:02 +0000

Why aren’t all the high priced Obama supporters putting their money where their voting fingers are? Come on, jump back in the market if he is soooooooooooo great.

By: chuck

chuck — Wed, 05 Nov 2008 17:24:51 +0000

News for the left: don’t decieve. Don’t play games with us. We’re not stupid. One more thing: no fairness doctrine. But the most important thing time to produce results and show how much of a change agent you really are. No going backward. Only go forward.

By: frank johnson

frank johnson — Wed, 05 Nov 2008 17:24:48 +0000

Batten down the hatches we are in for a wild ride. If obama makes good on his promises we will be looking at 10% unemployment and 12% inflation within two years. The stock market will continue to deline slightly unless there is further news about increasing the capital gains tax and with that there will be a rush to sell driving the market down to close to 7,000. Companies anticipating tax increases will continue to eliminate jobs, benefits, etc and with many wealthy people looking at muni bonds the tax revenue will decrease causing an increase in inflation which will be double whammy on the very tax payers who voted obama into office–not very good prospects.