You're caught up in this like a fly in a spider's web. You've submitted to this cause the media tells you to. Obama has about as much interest in you as he does in who wins the World Series. This is all about power not a dam thing else. If it were we would be out of the Middle East a long time ago. You think they are there to uphold the peace, that's laughable. Oh and you think Mutual Funds are stable investments, hahahaha. Come on man the Interest rates are so low you'll never make shit on your investment. Just because Wall St. is laughing all the way to the Bank doesn't mean any of us will. The Auto Bailout was basically done with our Money. That's something nobody wants to admit. This country is broke, we are bankrupt. The Auto industry is struggling to pay back the bailout that's why China is part owner of GM essentially. America is not a producing Country but a consuming country. Go find something you own that was made, marketed and assembled in America. You'll get tired of looking, I guarantee it. I don't blame Obama for all that is wrong with our country. I blame him for letting it continue and so should everyone else.
Originally Posted by acp5762
You are beginning to sound like COF - everyone who did not vote for Ron Paul in the last election has been brain washed by the liberal media. The reason the USA is broke is because Bush lowered taxes for everyone (all seven tax brackets) and started two wars at 20 billion per month. The tax cuts, the wars and his trillion dollar prescription drug program ( none of these were paid for) then you also have Wall Street losing a Trillion + dollars trading unregulated securities. The one percent have not paid any taxes for eleven plus years( they are able to lower their effective tax rate to like 15 - 18 percent Mitt, Buffet and even Obama's tax rate was 18%). But Obama has raised the the tax percentage for the one per cent from 35.5 to 39% as a starting point. The same percentage it was under Clinton. That is the real reason why the USA is broke. The Clinton tax rate percentages should have never been lowered. Clintons last year in office was the last time the Federal Government had a surplus. Bush wiped that out real quick. It's true that the USA imports more than it exports, but Bush screwed up the checkbook of the Federal Government with his decisions. There was no reason for a surplus from Clinton to be turned into a deficit under Bush. One thing, I believe that helping seniors pay for their medications is the right thing to do, it's just that Bush did not pay for it, he borrowed the money from China. By the way, not all options for performance on your Mutual Fund/401K/IRA are tied to the interest rate. Only the fixed percentage option is. If select an option that is based on the large company index ( that will be based on the close of the DJIA, or S&P five hundred) You could have 100 per cent of your fund based on what the DJIA does, the interest rate won't matter. So for example let's say your fund had Google, IBM and Exxon/Mobil if these stocks keep going up your fund will go up , it won't matter what the prime lending interest rate is. Most financial advisors will tell you to mix the percentages or diversify. You could have all your eggs in one category, so your statement about the interest rate is not true, it depends on how your fund is set up and what you selected.