The thought occurred to me that going forward over the next decade or two our economy will be hard pressed not to struggle if we are depending on America's youth to grow up.... raise families and to spend and feed the economy with their purchases as Americans have done historically. With all the talk of a disappearing Social Security and with companies like IBM closing their retirement programs to newly hired workers wouldn't it be reasonable to assume that commodity purchases will take a serious back seat to retirement savings? http://www.washingtonpost.com/business/economy/young-workers-retirement-hopes-grow-bleaker-amid-economic-downturn/2012/11/05/3ea7ed3c-13c1-11e2-ba83-a7a396e6b2a7_story.html "Blue-chip corporate giants such as IBM and Verizon are among those that have closed their traditional pension plans to new workers in order to limit future liabilities. Meanwhile, public workers in states from Rhode Island to California have seen pension promises scaled back as governments struggle to reduce debt." Some people think we can have our cake and eat it too but the math will not add up for that.
Don't worry Dave... Obama will fix it won't he??? I don't want to hear any more poor pitiful me speeches from you. You got your savior. He is going to give you everything you ever wanted.
Typical response Tom to what could be a real issue. Times they are changing whether we like it or not and hopefully people in both parties will recognize that new solutions are mandatory over rhetoric.....such as yours.
The liberal Social Security scheme is running it's natural course, collapse of the lower level of the pyramid. We see the same thing happening to our whole country. We are accumulating so much debt that the percentage of our GNP going to service the debt will continue to increase. Our politicians will continue to kick the can down the road just as they have with Social Security until the only two options are default or hyperinflation. The later of course will kill retirees who would see their retirement nest egg destroyed. But it will be the main problem of todays informed 18-29 yr. olds who brought it upon themselves.
Who did you want elected? OBAMA. Who was elected? OBAMA. You no longer have anything to complain about. You would not listen to reason and ignored fact. You wanted whatever was going to make it easier on Dave no matter what the cost to America now and in the future. If it 4 years, I can stand up and say that America is better off than they are right now, I will apologize. I don't see there being a need for that apology. I the 1st 2 hours of the market today with the news of Obama's re-election: Dow -333 ... -2.52% Nasdaq -77 ... -2.53% NYSE -195 ... -2.35% S&P -36 ... -2.53%
Overnight, the Dow dropped 200 points from close yesterday to open today. It has fallen another 130+ points in 2 hours. I guess that is "Change".
Yeah... it's all about me! :wink: Sh*t it might have been easier on me if my GOP boss was smiling and whistling this morning about a Romney victory and just maybe have been so happy that he felt like trickling down that raise that I haven't seen in the 3 1/2 years that I have been here even though I have helped double his business. But that's another story and I doubt being happy about a Romney win would have been the catalyst for that.
:twisted: MAYbe your boss was now contemplating what most company owners are doing how to downsize the staff he cant afford anymore at least w. Romney you may had not to worry about your job but now who knows Boeing just sent a memo out stating they will be downsizing within the next year by 10% to maintain their bottom line.....Thats alot of jobs... Even though you may think you are not replaceable think again.... everyone is replaceable..... :wink:
Diane, That Boeing memo was supposed to go out by law last week but the Democrats forced them to delay until after the election so as not to hurt their re-election hopes.
Well my last firm in Dec. 2008 let me go when auto companies hit the skids during W's waning months in office and they thought they could replace me with my lower paid assistant. They promptly lost more than half of the business that I had carefully cultivated over many years and they have never recovered it. I was a pretty popular guy with my clients and they knew I got the job done for them.