And the stock market is doing so real hard. My 401(K) is down 20% in the last 3 months. Maybe this is part of Obama’s new jobs plan or agenda to save Social Security? If people with private investments end up penniless too, these crooks are hoping they will convince them they must allow them to tax them more to save SS. And the thing is that the usual suspects have been screwing us all along. Oh Barney where areth thou?
I know that this economic downturn not solely Obama’s fault, but it’s his ideology’s belief in command economies and the steps they have been taking to make it so, in the last 3 years in particular, that’s doing the damage to us now. From Greece to Washington D.C. spending on the socialist utopia while borrowing to pay for the incredulous costs, has decimated and devastated everyone’s economy. And the solutions the left seems to continue to favor are just digging the hole deeper. We have run out of other people’s money, people.
It’s obvious to me that the EU is doomed. And we are going to feel a lot of that pain. If they, well when they actually, fracture however, the country I feel will end up hit the hardest will be China however. And I think the Chinese have figured that out, but are betting on just owning so much of the EU that they win in the long run anyway. Even worse news though, is the news that our Senate just started a currency war with them, to top things off. Personally I think a currency/trade war with China will hurt the US consumer, with those on the lowest economic scale taking the hardest hits, in the short run, but what China is doing now with their currency, in the long run, will be far more harmful to us. The Chinese are abusing the system, and they need to stop. The problem is that so far everything we have done has backfired on us. I hope this one doesn’t do more of the same.
I guess my 401(K) is going to keep getting hammered for the foreseeable future. Damn, I need more guns.