White House Isn't Paying Attention to Americans Getting Their Retirement Plans Wiped Out

I guess the stock market then reacted in 2008 and 2020 to the government making bad decisions, resulting in huge sell offs. Remind us again who was in charge at those times, in the WH, the Senate and the House?

Now, I don't disagree with your premise that good government decisions would result in the long run in a good stock market. However, government cannot get rid of the market cycle. What it can do is to weaken the effects of the market cycle on the economy, i.e. increase spending when private sector spending contracts, and decrease spending when the private sector booms. Unfortunately, Trump's policy was to increase government spending in an already booming economy, through unfunded tax cuts, i.e. a stimulus. The effect of that were predictable. The more you spike the punch bowl when the party is great, the worst will be the hangover.

 

Gov't decision is not the ONLY thing the market reacts to. Watch what the market does at the first sign of a new covid variant, announced in another country or possible wars elsewhere (that will eventually hurt our economy).

I did notice that you ONLY mention Trump and no mention of Biden's new BBB plan which did add to already rising inflation and insane gov't spending, which is the opposite of what we need to happen right now. When I say gov't, I'm referring to it as a whole, both sides and no matter who is president. Are you wearing blinders to the Biden administration?

 

I have said before that the second covid stimulus (Biden's) was ill conceived. However, at the time, we went through the worst covid wave up to that point, so it was somewhat understandable to assume the economy would get worse in the short run instead of getting better. Predicting the future is ALWAYS difficult, but Monday morning quaterbacking is easy (to say I told you so).

I also agree that the stock market goes up (mostly) or down (sometimes), no matter what the government does and/or, who is in charge. However, that's not the point of the OP. The point is to blame Biden, when he was not responsible for the supply chain crisis, and, somehow, make the point that Dem presidents cause stock market crashes. That's partisan thinking not supported by facts, but it is a great way to get people to vote for your party, because they don't know better.

Those are the same people who invest in the market (or not) base upon who is occupying the WH. That's the best way to achieve subpar performance in your portfolio.

 

Tough times for Biden's base, the working poor. Election Day won't be pretty, there's no end in sight to these unaffordable times.

 

I don't think the white house is happy at all with the decrease in retirement savings accounts. Still simmering on their back burner is the plan and hope to tax them some day.

 

The only way to fight dangerous inflation is to try and stop/stall the economy. In recent news, I've heard that the era of free money is over. It's the only tool of the Fed for this situation.

 

It is true, but it has to be carefully done in a way not to crash everything and it's a fine line. I wouldn't want to be in Powell's shoes.

 

Correct. It's immaterial because all spending originates in the house.

And in what world does 1.2+1.3 = 4.2+1.5?

 

2020 is COVID? Aren't we supposed to ignore that year? Or are we only ignoring if applying it to Trump but not dems?

And did that stop repubs from attacking Obama and Biden? Nope.

 

That's not all. Many Progressive Leftists have told us (in this forum) that the US shouldn't have to pay back its debt, and should screw all the lenders out of what they are owed. Just imagine what THAT would do to retirement plans. They don't realize a lot of retirement savings accounts are very heavy on Treasury bonds... or maybe they don't give a crap about the old...

 

Presidents don't control the deficit or the debt. For instance to attribute the FY2008 and FY2009 deficits to Bush43 is folly. Those were Dem budgets the first he was able to hold down their increase in spending with veto threats and the second he was no part of at all and in fact President Obama signed it into effect after adding HIS spending to it. Then after the Dems took the last Bush/Rep deficit of a measly $161B in FY2007 to $1,400B in just two years they kept it over $1,000B for the next three. Then the Reps began to take back the Congress and they denied Obama his higher spending request and force the sequester and austerity cuts the cut the deficit in half.

So it is NOT merely a matter of who is President at the time that is folly. It is which party has the political power and primarily in the Congress which controls the budget and spending.

 

The fact is the polices of the Biden administration took the strong recovery under Trump to this disaster with their policies such as in my sig.

 

It's the ADDITIONAL unnecessary stimulus spending he added to it that has added to the inflation his energy policies started, read my sig.

 

It is the tens of millions of us IN retirement trying to live off those investments and are not contributing to those accounts that are getting the double whammy. Not only is the amount we can draw out is smaller because the account values have fallen, the 4% rule has turned into the 3% rule, what those dollars will buy is falling 8%+ a year and that looks to get worse. On top of that we have already lost 3% of our Social Security due to inflation.

You think Biden and the Dems can win the senior vote with all that?

 

Why don't you stop trolling and debate the issue? If you have a source which refutes the OP then cite and quote it doing so.

What are you denying here

 

Nope, a bills that RAISE revenue must originate in the House, both sides can originate spending bills and it is not a requirement that the House pass it's budget resolution first, if the Senate can get theirs done before the House so be it, they await for the reconciliation.

Article I, Section 7, Clause 1: All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.

 

And Trumps 8 trillion budget deficit had no effect on inflation?

Odd how Obama's and Biden's spending spiraled the economy out of control, but Trump's budget deficit had no effect.

 

As a market expert of sorts, I can tell you wall street owns Washington. Wall street owns the fed, literally. People's 401ks and iras have ballooned over the last several years and wall street feels no guilt over taking much of it back. The s and p will continue down to the trend line and wall street is making money in the process.

Washington will do and say whatever wall street tells them. People outside of the market have no clue how it works. It is just a game.

 

You think it is the government's job to guarantee you a good retirement? They provide SS for a start, which you surely use, while constantly voting for people who want to destroy SS -- the irony.

Other than SS, it is YOUR investments, which is YOUR responsibility to make sure they don't run out before you die (thanks again, GOP policies, to allow companies to get rid of pensions and shift the burden for retirement savings on the employee with 401ks). It is not the government's responsibility that the stock market gains 8% like clockwork every year. That's why it is actually called the 4% SWR rule, because the market gains 8% in many years, 12%+ in some years, and then tanks 30% in other years. If it always went up predictably by 8% a year, it would be called the 8% SWR rule, but is doesn't so one has to account for downturns. If you haven't prepared, this is on YOU to blame, and not Biden. YOU could have invested in TIPS, to protect you against inflation. YOU chose not to, so now you blame Biden.

When have conservatives become so whiney, that they think the government owes them to keep them afloat in retirement? If you want the free market, i.e. your OWN retirement investments, then OWN it and don't whine. Stock market crashes are, unfortunately, a side effect of the free market. Nobody can prevent it, not even your supposed savior Trump.

 

Anything is possible with leftist Arithmatrick algorithms!

 

Thats a leftwing talking point/fear tactic, always has been always will be! It's just another in a long line of scare scenarios like the GOP will cut your welfare, food stamps, housing, energy and child subsidies.

The Leftwing playbook is old hat now-a-days ¯\_(ツ)_/¯

 

huh?

Just because you do not like the narrator does not mean the story is not true

I suggest you educate yourself and also, look beyond the emotional play that works on you from the Democrat party.

I do wish you well but feel sorry for you. If you want a real education, and to grow up; move out from mom's house, start a company with your own money and see what it takes to grow and maintain your own business. it's adulthood 101 and many posters here sure could benefit from trying it

 

Anyone trying to judge the state of the country using Trumps four years to these TWO years under ByDummy has got to be a comedy attempt or simply an act of futility LMAO..

Even with full blown COVID Trump held the economy together while Brainfart can't do it with it in remission ¯\_(ツ)_/¯

 

You like having your nose broken? That question is as silly as yours.

In order to fight inflation, the Fed (it should not have waited so long) has embarked on an interest rate tightening cycle. Inflation being a pernicious threat to any economy, which is currently a global phenomenon. In response, the market has declined for a number of reasons. Money shifting from risk assets (stocks) to bonds as bond yields rise. The value of future earnings in growth stocks diminishing due to inflation causing previously high flying tech stocks to be sold off. The fear that the Fed will cause a recession by their aggressive action raising interest rates........since they are intentionally trying to slow the economy.

The proximate cause for inflation is open for discussion. The suggestion the admin doesn't care the value of people's stock market investments is declining is sophomoric.

 

Which tells us you are incapable of understanding what I wrote.

Or don't care what the truth is, take yer pick.