WTF is this? Extortion?
Interesting that the DUmmies are starting to recognize the pitfalls of 50% + 1 guy. The Founding Fathers knew all about that; and they also knew that the human being was limited and very, very flawed. Some people are stupid, and others are just plain evil.
Then one has die hard Conservatives that were once living the good life.
2 incomes allowing for a home that in case of disaster one family member could manager's at the time of purchase.
401K comfortable making small but sure money, this for the the pph worker, overtime a happy time.
Small business owner, First 2 years until one gets out of the red, unless they are a government contractor, then the sky is the limit.
Long time business owner doing well, encouraged to take out loans to expand operations when there is really no reason to do so.
Then disaster strikes, after 10 years or so the once affordable home needs 2 earners to pay the huge energy costs, the 75% increase on property taxes and one of the earners becomes ill or can no longer work.
Small business owners see their customers cut in Half to buy at Walmart.
Long time business owners that were in couraged to take out loans find that their clientele has gone else where.
To top it off the hard working and saving in the 401K plans now of their money for the future has disappeared----
I wondered why just 15 years ago my company no longer would deduct from pay checks for Government Bonds. Ah yes the 401K people came in, placing people in the position that they had to go themselves to a bank to buy bonds.-----In fact they paid off the bond holders to invest in pay roll deductable 401K.
BIL was paid the penalty for taking money out of Bonds to get his 401K set up, all so easy, taken from his check each week, no longer could he get payroll deductable bonds.---He went from 100% guarantee into the stock market that took 50% of his money.
How many people understand finance and the stock market???? How many of us understand banking practices and know how to invest wisely ??
From what I have seen even the sophisticated were taken for millions, people that knew the ropes were sand badged by Cooperate America.
Then one must figure in the millions of Americans with absolutely no knowledge of finance that became poor due to duping of their company's or placing their trust in those better educated then they, that today see on the streets now as poor as they are . Very hard for a Conservative to watch 40-50 years of work, thrift, and denial to go down the drain.
Will not surprise me if the Conservatives will not join the libs at some point, nothing about wanting free stuff, we just want to be able to keep what we worked for all these years and not have our earnings stolen by a thief in the night.
Shades of the depression, never trust banks, keep cash in a mason jar buried in the garden or in a sock under the matterice. If one can not pay cash for anything then do without.
