- Dec 8, 2016
- Reaction score
To be honest, The Dow started an uptick when The Democrats lost control of Congress under Obama. They try to claim that Obama started the recovery. No, he started the recession. When the GOP gained control of The Senate and The House, they started undoing what Obama did. Problem is, when Trump was elected there were too many Never Trumpers, and Rinos to keep the momentum going... and The Dems were doing everything they could to act as Obstructionists, even contracting with Russia and China to help them. We get over this last hurdle and all hands on deck gets out to vote, and we have a chance to strengthen this country against The Global Marxist Assault and make it strong enough at least for a while that the next Globalist Democrat will have a hard time undoing it..so it could buy us a little time.DOW up less than 20% under Trump?Joe expressing an opinion that taxes SHOULD be raised, does not mean that Biden is raising taxes. Biden has been clear. Taxes on those earning less than $200,000 will not be raised.So Biden IS RAISING TAXES on the middle class, but...but
You might want to give consideration that the people making these claims that the sky is falling, are the people who SELL 401K's, and who may see their commission decline if the rules are changed. They're not looking out for your best interests, they're trying to frighten you into voting for THEIR best interests.
Whenever I see piece like this, I always look to see who's ox is being gored here, and whose interests are being looked out for here.
Given that the stock market always does better under Democrats than Republicans, it's quite likely that those with 401K's will see the value of their portfolios rise more under Biden than Trump, which will more than compensate them for any increases in their taxes. That won't help the brokers selling these 401K's since they only make money on your purchases, not your investment returns.
The stock market more than doubled in Obama's first term. The DOW Jones is up less than 20% in Trump's first term. So if my portfolio doubles in value in 4 years, I've have a whole lot more wealth under Obama. Even if I do have to pay an extra 5% of of that increase in taxes, I'm still up more by 75% over Trump's growth.
DOW when he took office: 19,800
DOW Now: 28,600
Are you math illiterate, a lying sack of shit, or both?