USA: Headed towards absolute disaster!

[malamute]

Originally Posted by New Order

You voted for Obama enjoy your 401k disappear in front of your eyes. Enjoy losing your home and your job. Welcome to Obama Nation were we all the same poor.

I doubt Obama supporters bothered to have 401k plans. That would require working, saving some money which requires responsibility and investing money which in their minds would be greedy.

Obama supporters don't believe in private investment because that's capitalism and they believe the government should control everything and the government will decide how the wealth is redistributed.

[skoro]

Originally Posted by Repubocrat

I was reading the Wall Street Journal at work today and I do not need any more evidence that we are headed towards complete disaster! I don't know if anybody else read the news but the FDIC is running out of money! They will be broke in exactly 6 months! The only way the FDIC will be able to survive is by charging banks outrageous fees which will lead to the failure of many banks. Now, if you are a consumer, would you keep your money in a bank that is not FDIC insured? In addition, the commercial real estate crash is just around the corner. Once we start to see more commercial mortgage defaults, the entire banking system might just collapse along with the FDIC.

All thanks to eight years of Bush/Cheney and their unbelievable record of neglect and mismanagement.

Obama & Co are trying to pick up the pieces. We should all encourage them in their effort.