So Charles schwab is trying to scare seniors to vote for Romney. Here is what I will do.

[progree]

64. No, what he's saying is that growth under Obama is slow and Fed. Reserve is holding down interest

rates to try to spur growth. If the economic growth rate was more normal, the Federal Reserve would let interest rates rise also (or would have to make them rise in order to keep a lid on inflation -- which tends to rise when there is high economic growth).

What Schwab is leaving out is that while low interest rates are hard on savers, they are a boon to investors and businesses and borrowers -- imagine what shit we'd be in if mortgage rates were 6.5% instead of 3.5%.

He also, as the article points out, leaves out the stock market, which I would think would be Schwab's "thing". It fell 37% during Bush's 8 years -- from the start of his reign to the end of his reign. Under Obama its up 69% since inaugural day (speaking of the S&P 500, I could care less about the Dow, but the Dow did much the same as the S&P 500).

I hope anyone who writes a letter to Schwab asks them if things were better under Bush -- who, by the way lost 700,000 private sector jobs over his presidency, and the unemployment rate rose 3.5 percentage points from start to finish of his presidency.

Lots of comparisons between Obama and "Mission Accomplished" at http://www.democraticunderground.com/111622439

Oh, and Romney -- he was 47th out of 50 states in job creation -- yes, only 3 states were worse.