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401 (k) heist up next

Dawg

President
Supporting Member
Of course it does, that along with who is charge of the Senate/House. If you believe the moves made by the Biden administration has had nothing to do with inflation and the stock market then you are more naive than I originally thought. You really need to get out of the basement more…
Speaking of a "simp" it takes one to know one.
 
Exactly…it IS their actions and in some cases refusal to act. The inflation reduction act does nothing to truly address the inflation issues. The 2 trillion dollars American rescue plan has also been scrutinized by economists. Border crisis, Messy Afghanistan withdrawal, Energy dependence crisis, Crime surge, inflation, there is a very long list of items that have directly contributed to the mess our Country is currently facing all of which can impact the economy and direction of our Country.
Here is what you are misunderstanding:
It isn't inflation causing your 401k to go down. Inflation causes prices to rise. That includes stock prices. Left unchecked Inflation would make your 401k rise.
The governments actions and more specifically the Fed's actions to tame inflation are causing stocks to declines. The market sees inflation data and it expects the Fed to raise interest rates even more, which in turn makes stocks less valuable.
The cure for inflation is a recession. The stock market is pricing in a recession.

I really don't think you have thought any solutions too. You're just too stupid to think solutions through and all you do is mindless bitch and moan.
 

Dawg

President
Supporting Member
Here is what you are misunderstanding:
It isn't inflation causing your 401k to go down. Inflation causes prices to rise. That includes stock prices. Left unchecked Inflation would make your 401k rise.
The governments actions and more specifically the Fed's actions to tame inflation are causing stocks to declines. The market sees inflation data and it expects the Fed to raise interest rates even more, which in turn makes stocks less valuable.
The cure for inflation is a recession. The stock market is pricing in a recession.

I really don't think you have thought any solutions too. You're just too stupid to think solutions through and all you do is mindless bitch and moan.
It's clear you didn't read this

Team Biden’s 401(k) heist could raid your retirement for a woke agenda (msn.com)

While bitching and moaning it's not the President's fault

It's damn sure Biden's fault
 

TBLee

Governor
Here is what you are misunderstanding:
It isn't inflation causing your 401k to go down. Inflation causes prices to rise. That includes stock prices. Left unchecked Inflation would make your 401k rise.
The governments actions and more specifically the Fed's actions to tame inflation are causing stocks to declines. The market sees inflation data and it expects the Fed to raise interest rates even more, which in turn makes stocks less valuable.
The cure for inflation is a recession. The stock market is pricing in a recession.

I really don't think you have thought any solutions too. You're just too stupid to think solutions through and all you do is mindless bitch and moan.
Oh silly boy. Did you not realize that I have not been elected to solve any issues. We put our faith in the officials we cast a ballot for and the Biden Administration has been a dismal failure. Like I said I am not relying on my 401k at this time but there are many who have no choice and currently have taken a huge hit.
 
Oh silly boy. Did you not realize that I have not been elected to solve any issues. We put our faith in the officials we cast a ballot for and the Biden Administration has been a dismal failure. Like I said I am not relying on my 401k at this time but there are many who have no choice and currently have taken a huge hit.
No, that is not how any of it works.
There are difficult and even unsolvable problems in the world. All that is expected is to treat those problems the best they can. If you can't identify an action that you would do differently then you can't really call them a failure.
 

Dawg

President
Supporting Member
No, that is not how any of it works.
There are difficult and even unsolvable problems in the world. All that is expected is to treat those problems the best they can. If you can't identify an action that you would do differently then you can't really call them a failure.
I damn sure wouldn't trade a Hall of Famer for a minor league player
 

TBLee

Governor
No, that is not how any of it works.
There are difficult and even unsolvable problems in the world. All that is expected is to treat those problems the best they can. If you can't identify an action that you would do differently then you can't really call them a failure.
I absolutely CAN and DID call the Biden administration a failure. You are somehow under the assumptions that it is my job to solve the problems we currently find our Country facing. Not my job, not your job…..that is the job of our elected officials. They need to do their job.
 

sensible don

Governor
Supporting Member
A good start would be to work on inflation. Or imagine……..not selling our Country out. Allowing our Country to supply the fuels needed to live our day to day life.. I answered, now you answer my question….Why was our Country on the upswing and 401k’s were on the upswing under our past administration, and are now in the shitter within weeks of Biden becoming our President? Like I said, all is ok with me, as I don’t need to dip into my retirement yet. That is NOT the case for many, who lost a huge chunk.
Well you have your GOP house majority now and they promised hundreds upon thousands of times to curb inflation even though no plan was ever given - amiright? Let's go Brandon !
 

Dawg

President
Supporting Member
Well you have your GOP house majority now and they promised hundreds upon thousands of times to curb inflation even though no plan was ever given - amiright? Let's go Brandon !
How will the R's get their Bills though the D' Senate and on Brandon's desk_________?
 
I absolutely CAN and DID call the Biden administration a failure. You are somehow under the assumptions that it is my job to solve the problems we currently find our Country facing. Not my job, not your job…..that is the job of our elected officials. They need to do their job.
Of course, you don't believe in personal responsibility. If you can't solve problems you expect other people to solve them for you.
 

Dawg

President
Supporting Member
Of course, you don't believe in personal responsibility. If you can't solve problems you expect other people to solve them for you.
Like getting out of a Russian prison or who's going to pay your student loans since you refuse to take personal responsibility for repayment?
 

TBLee

Governor
Of course, you don't believe in personal responsibility. If you can't solve problems you expect other people to solve them for you.
I find your statement “you can’t solve problems you expect other people to solve them for you”. Seems to me, that fits you perfectly, as you expect others to solve your financial problem by insisting they pay off YOUR student loan. Get off you ass and pay your debt OB. I have never had a problem paying my debts, and I sure as hell have never expected others to use their hard earned money to pay one penny I owed. But, then again I always paid on everything I acquired.
 
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