Thank-You

Thank you GWB i just got my year end statement for my retirement investments,lets just say its not good. Thanks to the GOP who for the last eight years sat on there hands and when the shit hit the fan blamed Clinton,thank you to the democrates who also sat on there hands,no wait there hands were busy stuffing money in there pockets. Lastly much heartfelt thanks to the anti-union big shot of this country who blame everything from hemmoroids to outsourceing of jobs on the few unions left in this country.My particular bitch is while some were making big money i was making a living.When NYC was in the black with a surplus, Mayor MIke didnt throw me a few bucks extra not that i wanted or deserved it but now when the folks who did well arent doing so well they point fingers at me and tell me how greedy and corupt us union guys are. Kinda of ironic isnt it. But at least i still have a job and a skill and at least if im lucky SS will still have something left and thank God,the past administration didnt mess with that and invest it as they had proposed.

And you think it was Bush who did that to you??? My, my are you not familiar with our Congress ;)

Steve...you need to learn how to be more assertive with your perspective and opinions. It is time to stop hedging, and say what you think. Come on man, speak up!

Just kidding with you. I am sorry to hear about your retirement statement, but remember that things will turn around...

oh wait...they just passed that spending bill.

Forget it...you are screwed.

(I really do hope they turn around for all of us!)

GT caretaker Wrote:

get a life

rodesmg Wrote:

401k's are nothing more than gambling, if anyone lost, they gambled and lost, just as I did with my personal retirement, big deal,....it's a price we pay for nothing guaranteed;)

Unions are one of the worst things in this country right now. There was a time where they were needed, but that time is long past. Now all they do is reward lazy people and punish "overly productive" people. And don't even get me started on the Teachers unions..

Cinimod Wrote:

I retired in 2006. Everybody else would lose it before the funds for my pension would be taken. I'm okay, but my wife whose retirement is invested in 401k has already lost close to 90,000 from her account. She won't be 65 for several more years. What kind of investments do you guys see still available to the working class (ie--we haven't got THAT much money) if 401ks aren't doing the job?

Yeah, I don't have squat and I'm down 10G's. Could of pulled it out, took the tax hit and bought a rental or something.

Could of should of would of. It's everybody's fault. Not mine investing in a non guaranteed investment strategy. Obama should give me money. Give me money. I want it, and I want it NOW!!! He should also pay off my house, car, etc. He WON, didn't he? WTF?

All I can do is leave it there and see what happens. Meanwhile it's time to buy a safe and throw 50 bucks a week in it and feel better about my lot in life.

What else can you do. Ride out the storm.

It's all Bush's fault! It's all Bush's fault! It's all Bush's fault!

piss and moan, and blame someone else is the plan, right?

Why don't you thank yourself for not having the foresight to see this coming and move your money to a more secure position. You have been bitching about Bush for years so you must have seen it coming.

Thanks Guys for the kind or ignorant words,if some of you noticed i did include my democractic elected officials as they to did there share but yet some of you are still in denial and God forbid i dare knock king george. -------------Richard has a good point ,my folks never did believe in the stock-market or mutal funds they just saved and put it in a CD,took there intreast and that was that. They would not gamble,a good lesson learned

I just moved my funds a short time ago from the "supposed" big gainers to the government funds, better to gain 3% than to lose 30+%

Naomi Wrote:

slywelder Wrote:

InfantryYJ Wrote:

Naomi Wrote:

Naomi Wrote:

slywelder Wrote:

You are also honest about what you know and don't, Naomi, as well as smart to stay out of the mud slinging. I've spent a much larger percentage of my life in non-union settings than pro union settings, but I am left with both a certain amount of ambivalence about them, but at the same time, some first hand knowledge of why they came into being as well.

Richard,
Is your wife getting wages earned for her by the union?

Lonnie

Should have sold, and bought gold the day Obie got nominated.

Obie is a train wreck. Buy gold now.

I said when the Dow wad 13,000 you would see a Dow 8000 and people laughed...now you will see a Dow 5000.

Thank you Obie, Tim, Nancy, Harry, Barney and others.

You still have more work to do to get as many people dependent on the Govt. and Govt. handouts as possible, but your off to a greeeeat start.

Don, I don't want to see a Dow 5000 I need to not hit anything less than 5900. I am betting that the S and P does not drop more than 25% in the next six months. I can stand 15% or even 20% not 25%.

I have thought back how it was during the Clinton administration when it went from 11300 to 8000 and how much that hurt and I said I would not do that again after losing so much money. Then I go through it again and it is very frustrating especially when there were so many indicators. I wonder why we seem to ignore what is right in front of our face and tell ourselves it will get better and it can't happen.

Don you have a good point about people being dependent about the govt for handouts, did you include the CEO's of those big wall st firms who gave themselves huge bonus's after we the taxpayer bailed out there sorry ass's on GWB's say so.

Gerry Wrote:

Steve, I am in agreement that the CEO's were dumb. They should not have done it. If that bothers you why is it OK to bail out the failed States and Cities who pissed away billions giving benefits they could not afford to their employess and now are bankrupt.

If the CEO of General Motors is an idiot and a crook why not Mayor Koch or the Governors of California. Why is it different. It is actually the same. It just looks different and is in a different form.

Do you suppose that in my city of San Diego if they were not paying retirees 13 months a year and at 120% of earnings we could actually have enough money to fix the pot holes or build a nature trail. Yet they are going to give them another 100 million of debt as a reward.

Richard your gonna have to do better then your above post,it makes little sense. I think you meant Mayor Bloomburg and not koch both were not thieves and were good mayors,certaintly not idiots and if you had either one in San diego you'd be in better shape. Your argument seems to center on the fact that major cities are in dire straits because they gave employee's decent benefits,i dont know what they do in your city but we dont get those type of benefits

Do you have any idea how man other Americans are in the same boat with you? Most people, working or retired have been royally screwed by the slimeballs in Washington and Wall Street. Myself included.
What a pitiful sound if everyone whined at once.
Try blaming the voters who keep re-electing the Congressional human debris who got us into this mess.
Start with Chuck Schumer who said Americans don't care about all the pork in the stimulus bill. Yea...

What the hell is a 401K????? Count your blessings..........

slywelder Wrote:

Steve you have some great kids and im sure are very proud of your family and i agree as a society we do at times reward those you do less. Like yourself i know how hard it is to raise a family and i have busted my ass day in and day out,i worked up untill very recently two jobs many weeks seven days,to put in five days,forty hours would seem like a part time job.My wife works,she is a RN.We put three kids through private high school and college with zero help.the kids got no loans and that was our choice. They all did well and my oldest is a very sucessful dentist. Nothing makes me more pissed off when someone on this forum mentions union,lazzy,whatever in the same sentence.IM a proud man and im a union member and im not lazzy. My union does not support lazzy people.I dont have to tell you that looking at people that seem to get over while you work hard is a waste of your time.This is life and its just the way it is. You have your pride and can look in any mirror and know you did the right thing,the others have no shame. To be completly up front with you this thread was nonsense anyway,i got tired of the usual "lets knock obama" so prevalent on the ot forum.I opened up my statement got disgusted and threw some mud of my own. I could care less the negatives some have written,i have many republican friends on the mg forum,some conseritive,some moderate,all great people i respect,the others,who cares.My best to you and yours and hope to talk again--------Steve

Lonnie Wrote:

S. Duerr Wrote:

InfantryYJ Wrote: [quote]
Steven, are you saying your son worked harder? Because the way I look at it, you took in a kid at 13 with no direction, no parenting, probably greatly lacking on the learning side of things and turned her around. Coming from nothing to a 3.1 seems like an accomplishment to me,....maybe I'm not seeing the whole picture.

I think you're seeing the whole picture. And, no, I'm not saying that our foster daughter hasn't worked. She has and she is heads above her mom and three older sibling--the three older sibs havent graduated high school, all three are drug users, all three were parents before they were 19... Our foster daughter does need the help to get out of the sewer that she came from and I want her to get the help. It is frustrating to work so hard and see those who don't work get all this help. I worked my way through college. I did get financial aide. I worked my way thorugh grad school and I did get financial aide. But, I had to work to make it through. So, with my work ethic, it just frustrates me to see all the money thrown at people who will not work while those who will work are snubbed.

"No, she's getting wages earned for her by herself."

So there is no teachers union at her school?

Lonnie

Steve, Bloomberg did not sink New York the old mayors over the past two or three decades did and I was just using Koch as an example and is why I used the word Governors.

Lonnie Wrote:

It's rough these days to say the least ... Is everybody supposed to be an investment banking expert? My personal retirement fund is taking such a thrashing, like just about everybody else's .. thank God for Social Security!

Jfrankr, it takes a real optimist to say that an investment over 40 years of working that pays 1% or less is good and God was on your side. Now had you had the same money taken out of your check and you had put 4% of the 12% into equity over the same 40 years you might have something to thank God for. But alas it won't happen.