Dear Jim Bob,
For the past 10 years I’ve been socking away a lot of my pay into my 401K. The stock market has dropped 3,000 points since Obama got elected and I’m wondering when It’s going to stop! Jim Bob, I’ve lost a lot of money since November and it was money I needed for my retirement. The other day, one of the President’s people announced that what the country needs is higher taxes and socialized medicine. The next day the stock market took another dive. Don’t they know every time they say something stupid more money flies out of my pocket?
Samantha Markitis
Bombs Away, Maryland
Dear Samantha,
I really hate to tell you this, but the President has not yet connected the level of the stock market to real money. He thinks its like a political poll that goes up and down. Click here and listen to his own words:
As you can see, he does not seem to get, or care that $3,000,000,000,000 (3 trillion) of real wealth has evaporated in the value of stocks held by millions of Americans. He does not think the stock market is real, evidently. The President just thinks it’s something that “bobs up and down, day to day”. He doesn’t seem too concerned that all that “bobbing up and down” represents your money and mine. Evidently they did not teach him much about real money at Harvard.
Samantha, all I can say is hang on to what you have left, because they are just getting started. The next couple of years is going to feel like 20!
Love,
©2009, James C. Norman
All Rights Reserved