2016 Postmortem

mikekohr

(2,312 posts)

11. Thank you Captain Obvious, let me correct some assuptions you made out of thin air

Mon Sep 23, 2013, 10:28 AM

Sep 2013

I'm 56. I've went 5 years without a raise. I make less than $30,000.00 per year. I spend my summers chopping wood to heat my house in the winter. I have far less than 1/2 of what I will need to retire. If the present rate of increase in the stock market continues I'll just make it. But this rate is unsustainable. And I know it.

And I know the reason why my wages stagnated, my modest retirement is not likely to happen:
George W, Bush specifically, and generally the Republicans and their 80 year unbroken record of economic ineptitude.

And I also know that any chance I have of getting back on my feet rests with the Democratic Party, President Obama and his policies that are steadily pulling the economy back from the abyss.

I've looked into the black hole of Republican economic FUBAR. I never want to see it again nor do I wish my or your children and grandchildren ever witness it either.

LOOK WHAT HAPPENED WHEN PRESIDENT OBAMA'S STIMULUS TOOK EFFECT ?

-jobless claims-

Edit history

Please sign in to view edit histories.

34 replies

= new reply since forum marked as read

Highlight:

My 401K is up 711%. It dropped in value 67% under Bush -updated 1/20/2015- [View all] mikekohr Sep 2013 OP

Dropped 67% and then increased 527%? NoOneMan Sep 2013 #1

Standard managed funds mikekohr Sep 2013 #2

really. I dropped probably 70% under Bush - but since then have gained Laura PourMeADrink Sep 2013 #32

Mine didn't crash so much nor grow as much, but . . . MrModerate Sep 2013 #3

I'll be on the side of the Democratic Party. mikekohr Sep 2013 #4

I'm thinking the rift, when it comes . . . MrModerate Sep 2013 #23

What the heck do you have in there that went up 527%? avaistheone1 Sep 2013 #5

Well had I had a lot of cash floating around mid crash Fearless Sep 2013 #6

See Above. The reason it rose so much is that it fell so far. mikekohr Sep 2013 #10

I think I could rec this post a million times!! Thank you so much! Liberal_Stalwart71 Sep 2013 #15

There's a lot of difference between a 'standard managed fund' up 527%, and the DJ up 70% muriel_volestrangler Sep 2013 #16

Since January 21, 2009 to be exact nt mikekohr Sep 2013 #18

A standard managed fund has grown at 47% a year for 4 years nine months? muriel_volestrangler Sep 2013 #20

The increase includes my contributions and my employer's contribution and match mikekohr Sep 2013 #21

I hate to tell you this, JayhawkSD Sep 2013 #7

Unemployment is down from about 10.2% to about 7.3%. JoePhilly Sep 2013 #8

Are you going to blame the Republicans at all? They're the ones who are obstructing Liberal_Stalwart71 Sep 2013 #9

Great Post Liberal_Stalwart71 mikekohr Sep 2013 #12

My day to run around after you typing JustAnotherGen Sep 2013 #14

Thank you Captain Obvious, let me correct some assuptions you made out of thin air mikekohr Sep 2013 #11

+1 JoePhilly Sep 2013 #13

+1000000000000000000000000000 YoungDemCA Sep 2013 #27

To Liberal Stalwart et al JayhawkSD Sep 2013 #28

Working People Are the First To Feel the Pain of An Economic Meltdown, and the Last mikekohr Sep 2013 #29

And how is that in any way a response to what I said? JayhawkSD Sep 2013 #31

Like the song and gravity say... Rozlee Sep 2013 #17

Rozlee, the dramatic increase in wealth for those with 401K's is but one mikekohr Sep 2013 #19

But 401k's are EVIL... brooklynite Sep 2013 #22

I'd rather have a safe, secure, fully funded defined benefit pension mikekohr Sep 2013 #24

Always go long under D Admin and go short or buy Gold under R Admin Rfarmer Sep 2013 #25

If the Republicans don't get their way with Obamacare we may doc03 Sep 2013 #26

Republicans don't need to hold the WH to screw up the economy mikekohr Sep 2013 #30

I have about fifteen bucks total. Norrin Radd Oct 2013 #33

Update to thread, My 401K is now up 711% mikekohr Jan 2015 #34