A reader writes:
My wife and I are in our 40s. We've been putting money away in our respective 401k plans since 1999. When Bush took office the Dow was around 10,659 (approx.). Today the Dow is approaching the same level as when Bush took office (by contrast, Clinton added about 7000 points to the DJIA). We have lost 7 years of savings. How are we supposed to make that up? What if another Republican is elected? Another 8 years of this and we'll be in our late 40s with practically nothing saved for retirement and we'll probably be sucked dry by the health insurance costs for our family of 3 (soon to be 4) since, under McCain, it's unlikely that employers will continue to provide coverage.
On top of our retirement that's disappearing, we've got to consider exploding day care, education, fuel, and other CPI costs while our income stagnates or declines. You guys think Europe, China, or Russia are gonna go down the tubes with us? Hell no, if Americans elect another Republican those countries are going to begin isolating the U.S. in an effort to protect their own economies. Republicans are right, the End Times are near.
