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View Diary: Private enterprise shackled by Obamunism, aka Dow hits 15,000 for first time (153 comments)

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  •  For me having a pension was a major factor... (2+ / 0-)
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    Cali Scribe, OleHippieChick

    ...along with other retirement saving instruments in choosing jobs and job moves. Some people simply lost that option, most all have today, as well as some suffered from downsizing, loss of benefits and union contracts and some people had other priorities like income, not relocating, freedom, a bunch of kids, etc. The macro realities of insufficient retirement funds will hit the whole country soon enough.

    The point here is that the stock market goes up and it goes down and is not a direct indicator of the economy for everyone but it does impact retirees. More often than not higher stock activity is related to reductions in jobs - bad for some workers, albeit financially better for funded retirees.

    I neither credit nor blame Presidents for stock market fluctuations. Crashes are an exception and the Great Recession is on Bush.  The federal gov't should be creating a new financial infrastructure necessary for jobs, equity and decent livelihoods for everyone of all ages but for a variety of reasons  responsible governance s an unreasonable expectation.

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