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In reply to the discussion: So Charles schwab is trying to scare seniors to vote for Romney. Here is what I will do. [View all]progree
(13,090 posts)Last edited Mon Oct 22, 2012, 02:34 PM - Edit history (2)
I am horrified that your founder and chairman, Charles Schwab, is going around the country scaring seniors. http://www.tampabay.com/news/business/personalfinance/charles-schwab-warns-senior-investors-to-be-afraid-if-obama-is-re-elected/1256851
What a bunch of crap about how low interest rates are Obama's fault. It was his predecessor who crashed the economy -- what were interest rates like the day he left office, huh? Very low, right? [font color = brown] I should have added - and what's wrong with low interest rates anyway? Businesses like them, stock market investors like them, homeowners with mortgages like them, right? Imagine what the housing market (which Bush crashed) would be doing now if interest rates remained at pre-crash highs? How would businesses be faring?[/font]
Do we really want to turn the keys over to the same policies of plutocratic trickle down economics, supply-side fairy dust, and deregulatory insanity that crashed the economy twice in 10 years? Do you really think Romney, governor of a state that was 47th out of 50th in job creation during his tenure, would be any better? Does he have any policies for economic growth other than a $5 trillion tax cut overwhelmingly favoring the wealthy and $2 trillion more in "core defense spending" somehow all paid for by eliminating some (unspecified) deductions? Really smart right?
Oh, and the stock market -- the S&P 500 fell 37% from start to finish of Bush's presidency. Quite a record, huh? Its up 69% under Obama. Why doesn't Chuck mention that? [font color = brown]Ya think maybe some of the seniors might have retirement savings in stocks? And why does Schwab care about seniors anyway -- aren't most of them part of what Romney characterizes as the parasitic, irresponsible 47%?[/font]
How about more than 5 million private sector jobs created in the last 31 months? (Compare that to Bush's entire presidency -- 700,000 private sector jobs LOST).
On edit - what's in brown font unfortunately wasn't in my email, but should have been.