I’m a McCain voter and I can believer over 65 are voting for Obama. Stands to reason. Over 65 are drawing out of their retirement plans, many of which were tied up in the Stock Market which lost $3 Trillion in value. It doesn’t hurt younger voters as much because they have a chance to recover those losses if they don’t withdraw from their 401K’s or IRA’s (for early retirees) who are still working. A lot of over 65 voters, because of this, are angry that their retirements are dwindling faster now. For those over 65, that are not big losers in the Market (who don’t have IRA’s or Mutual Funds), bring in less so they stand to receive a check under BHO’s plan since they make less than (in most cases) I’ll estimate about $40-50K. Problem is, I don’t believer BHO will deliver on those promises, no DEM ever has in the last few presidencies.
It amazes me that people in retirement have their money tied up in the stock market. If they're really well off and are just playing, that's one thing. If it's their nest egg and all their retirement savings, quite another.
My dad was one of those who was still in stocks/bond, etc and he's in his 80's. We convinced him to take his money out of the mutual funds/stocks/bonds and roll it over to something more stable just a month before the crash. Then after the crash he was relieved, he would have lost thousands a day if he had left it in the stock market (of course, we continually remind him that he owes us nothing for our wise advice, LOL.)
This is Hurting young people as well.The problem with the Under 25 is that Many are having trouble due to these economic times starting a career, even with Science and Engineering educations, hell my friend’s girlfriend can’t find a Law job and she is at a top10 law school.