Posted on 09/24/2022 6:24:13 AM PDT by NetAddicted
Twitchy US NEWS MEDIA ENTERTAINMENT CARTOONS Premium Content My Account × Search twitchy.com.... If the ‘My 401k’ trend is ANY indication, Democrats are in seriously DEEP crap come November (here are some of the ANGRIEST tweets) Posted at 8:44 am on September 24, 2022 by Sam Janney
As the Biden admin desperately tries spinning this disastrous economy (look, you’re paying less for gas but still more than before but hey, you should be grateful), it’s becoming more and more obvious that they either have no idea what the Hell they’re doing OR there is sadly some truth to the ‘conspiracy’ that they’re trying to tear down and rebuild … not better, but what that they think our country should be.
And if that’s the case, that ain’t good.
Americans are losing thousands of dollars under this administration:
Americans have lost $4.2K in income under Biden, says study https://t.co/hf59KO0ghR pic.twitter.com/VMLYeVbyAT
— New York Post (@nypost) September 23, 2022
From The New York Post:
The average American has lost $4,200 in annual income since President Biden took office — entirely wiping out gains made under the Trump administration, an analysis from the Heritage Foundation shows.
The losses come down to surging inflation and higher interest rates, experts at the conservative think tank said in a Thursday report.
Their analysis found that the average American has lost about $3,000 in annual purchasing power because consumer prices, which have risen 12.7% since January 2021, have spiked significantly faster than wages.
Not to mention what the stock market is doing …
A live look at your 401k … pic.twitter.com/rJbp9XVtCf
— Carol Roth (@caroljsroth) September 23, 2022
*sigh*
My husband has lost 30% of his 401k since Biden took office. I guess “Build Back Better” means tear it all down first. 😒
— TruthMommaMel 🐾❤️ (@truth_momma) September 23, 2022
A third of his 401k … gone.
The Democrat Party is Wiping Out your entire LIFE SAVINGS? Every day since Biden took office, my 401k is sinking into the abyss! Biden does NOT CARE about YOUR finances. He is stealing our savings every day!!! Ukraine is getting your 401K! Happy???
— Amy Kennedy (@Rotruck5670) September 23, 2022
Ukraine is getting your 401k.
Not entirely inaccurate.
thinking about my 401K like pic.twitter.com/GODKcEqvGw
— 𝑒𝓁𝓁𝑒 📿 (@FletchMatlock) September 24, 2022
We’re seeing a lot of this.
People have lost so much that they’re scared to even look.
The inflation rate was certainly gaining.
Last time I looked at my 401k I've had nothing but straight decline since January. https://t.co/JAJn2zMpgo
— Grumpy (@SweatimusPrime) September 23, 2022
Life-changing … just not in a good way.
These people.
Don’t know about you, but my 401k was doing a hell of a lot better under Trump than the fraud in there now.
— First Words (@unscriptedmike) September 21, 2022
. How you enjoying the economy under Joe Biden ???
Dow Jones down 821 pts now we are at 29,250
My 401k is now a 201k Haha !!! .
— Love Like JESUS (@_LoveLike_JESUS) September 23, 2022
😒 No need to check my 401k anytime soon. https://t.co/ecVsX397O1
— noelle (@Noelle60587511) September 23, 2022
Since Biden took office my 401K has lost $80,000. Yes, I am retired.
— JustMeTom (@thomashourigan3) September 23, 2022
No words.
Last I checked, my 401K is down over 15%. Infuriating! Not only hurting people planning to retire someday, but holy crap, what is it doing to people already retired, depending on that money for income now? Yes, get that clown out of office, and start with dems this Nov.
— Joe (@JoeC1776) September 19, 2022
Down 15%.
I cannot even bring myself to look at my 401K.
— Marcia In Texas 🇺🇸 🇮🇱 🐬 📜 (@MarciaInTexas) September 23, 2022
Nasdaq Performance 612 days in office
President Trump: +44.17 President Biden: -19.24%pic.twitter.com/DOitQP1a7h
— InteractivePolls (@IAPolls2022) September 23, 2022
Woof.
There’s a reason Democrats want us focused on abortion and made-up fascism and NOT the economy.
********************************************************** trending (current Twitchy articles) ------------ Peter Doocy makes KJP look even WORSE at her job in HEATED back and forth over abortion restrictions (watch) ---- EPIC thread takes Tweeps on a 'journey' of Leftist VIOLENCE to mock toolbags still claiming J6 was a THREAT to our Democracy ---- Say it ain't so Joe, epic explanation for inflation conveniently emerges, surprise - Republicans are to blame!
This year's RMD is based on *last* year's value on December 31, 2021. For mosts, their investments were worth a lot more than they are now. If you are still waiting to take an RMD in 2022, you get to lock in the loss of value since that date.
But Wall Street has made incredible profits off of the 401(k) - because that is who it was designed to benefit.
Today’s structural problems are bigger than Biden - but the foolish Green Utopians who own and operate him have made those problems much worse than they had to be.
Why should anyone in DC care about working people?
Preparing for the Red Tsunami ...
And prominent Rat fraudsters locked up for their misdeeds.
Yeah, should have said “tax break for next year” since 2023 RMDs will be based on the value at this year’s end.
I had to stop looking. Too painful. Went from a retirement age of 62 to 70 in little over 18 months. Like everything, I know it will bounce back. However, if the rats hold congress and the senate, I’m cashing out what little I have left, finishing my MBA from work and next spring I’ll look at a friendly country where I can be an expat and hopefully I can work remote.
Between that, my VA, being an adjunct and what little I would get with SS, I should be okay. Now the question is, how do I get the little woman to go along with it?
I’m tired of this.
Your 401k is racist, you bigoted, transphobic, colonialist, xenophobic, defender of the cisheteropatriarchy.
Shut up and eat your bugs.
I’m certainly expecting shenanigans in Pennsylvania and Michigan
They’re going to pull something. They have emergency orders out the wazoo they can bring to bear. Now they want to give WHO the power to declare a pandemic in our country.
“Preparing for the Red Tsunami, November 8, 2022.”
Really? Do they look scared? They look about as scared as they looked when PINO Joe was (not) campaigning from his basement. Something is up — again.
Donate to FR. You get a better return.
Biden is not on the ballot this year. People need to stop saying Biden when talking about how bad things are and replace it with “Democrats”.
Biden is simply implementing Democrat policies. And the only way to stop that is voting Democrats out of power in November and give congress over to the Republicans would will stop their agenda.
There will be no more Red Waves, not in November and not ever. The blueprint was proven in 2020 and it will be shoved into overdrive this time around.
The democrats have shrunk my retirement account almost in half. VOTE REPUBLICAN!
Mine is a gone 01(k)...
We also have to factor in - along with voter fraud - the 5 million illegals who have freely crossed the border since the Biden admin.
All have been registered as Democrats.
> the 401(k) simply can’t work as a simultaneously growth-oriented and safe retirement vehicle <
I agree. In a way, growth and safety are opposites when it comes to investing. (I know time is a factor, too.)
I myself follow the (imperfect) rule of stock percentage = 100 - your age.
It works for me. But I do worry about what I’m going to do once I’m over 100 years old. 🙂
Anyway, many mutual fund companies now offer funds that automatically get less stock-heavy as you get older. That makes sense too.
“My neighbor who proudly had a Biden sign out was complaining to me yesterday about not being able to buy a car because your 401(k) is so low.”
LOL. Yeah as long as the MSM covers for them they will continue with these suicidal policies.
I will be able to retire when I fall over dead.
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