http://www.bankaholic.com/finance/boomers-head-toward-poor-house/ Blogging about personal finance, foreclosures, mortgages, interest rates, and budgeting. Wed, 17 Mar 2010 14:08:17 -0400 http://wordpress.org/?v=2.8.4 hourly 1 http://www.bankaholic.com/finance/boomers-head-toward-poor-house/comment-page-1/#comment-28156 Merl Sat, 09 Jan 2010 18:34:51 +0000 http://www.bankaholic.com/finance/?p=201#comment-28156 The greatest loss of wealth in recent history is due to the policies of progressives of both parties aimed at redistrution; not from any one mishap. When progressives prevail you get: high taxes, high unemployment, low interest rates on savings, a volatile stock market, high interest on loans and credit cards to finance massive bank losses due to banks being forced by progressives to make subprime loans for reasons of political correctness. By contrast, when the economy is run and based on sound economic principles, everyone profits. Progressive and liberal policies promise money to the little guy; however, often lead to riches for a minority of political elites: cronies; lobbyists and corporate fat cats.The answer is to vote for candidates who will advance and abide by conservative--not progressive economic principles. The progressives' aim is to destroy the free market system that creates the greatest overall prosperity; and install socialism that promises little guys a lot while givining them little, and enriches highrollers and other political fat cats. WIth the wolves of terrorism and gross indebtedness at our collective doors, we need more than ever to abide by sensible and wealth creating principles; because you can bet our enemies are. Indee, our enemies are engaged in profiting from our weaknesses; and it is sad to say that they are winning; because the US has lost respect by surrendering its sensible principles, strength, wisdom and pride by conducting its business so unwisely. Read all you can; watch the news; and stay informed and active. You cannot complain about being taken if you choose to do nothing. The greatest loss of wealth in recent history is due to the policies of progressives of both parties aimed at redistrution; not from any one mishap. When progressives prevail you get: high taxes, high unemployment, low interest rates on savings, a volatile stock market, high interest on loans and credit cards to finance massive bank losses due to banks being forced by progressives to make subprime loans for reasons of political correctness. By contrast, when the economy is run and based on sound economic principles, everyone profits. Progressive and liberal policies promise money to the little guy; however, often lead to riches for a minority of political elites: cronies; lobbyists and corporate fat cats.The answer is to vote for candidates who will advance and abide by conservative–not progressive economic principles. The progressives’ aim is to destroy the free market system that creates the greatest overall prosperity; and install socialism that promises little guys a lot while givining them little, and enriches highrollers and other political fat cats. WIth the wolves of terrorism and gross indebtedness at our collective doors, we need more than ever to abide by sensible and wealth creating principles; because you can bet our enemies are. Indee, our enemies are engaged in profiting from our weaknesses; and it is sad to say that they are winning; because the US has lost respect by surrendering its sensible principles, strength, wisdom and pride by conducting its business so unwisely. Read all you can; watch the news; and stay informed and active. You cannot complain about being taken if you choose to do nothing.

]]> http://www.bankaholic.com/finance/boomers-head-toward-poor-house/comment-page-1/#comment-18804 William Sun, 22 Mar 2009 03:38:02 +0000 http://www.bankaholic.com/finance/?p=201#comment-18804 The boomers decided to use their wealth to go to war against Iraq. The boomers decided to use their wealth to go to war against Iraq.

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