What’s up with 401k?

[AtlantaDawg]

President

Political Party

Years In Office

S&P Return (%)


William J. Clinton

D

1993-2001

210


Barack H. Obama

D

2009-2017

182


Dwight D. Eisenhower

R

1953-1961

129


Ronald W. Reagan

R

1981-1989

117


Harry S. Truman

D

1945-1953

87


George H. W. Bush

R

1989-1993

51


Lyndon B. Johnson

D

1963-1969

46


Donald J. Trump

R

2017-

43


Jimmy E. Carter

D

1977-1981

28


Gerald R. Ford

R

1974-1977

26


John F. Kennedy

D

1961-1963

16


Richard M. Nixon

R

1969-1974

-20


George W. Bush

R

2001-2009

-40


Note: this is from July 23 so donnie's number's are a bit better

https://www.forbes.com/sites/sergei...eturns-under-every-us-president/#6acc1225faaf
​

You might want to check your data... If you go to the article in Forbes, it states "as of July 3, 2020". COVID had still impacted the market negatively.... Here is a chart from Bloomberg as of August 3rd. Anyone that follows that stock market knows that the Forbes data is ********...

 

[TheStateUofMS]

Don't ever underestimate the thirst for power politicians have. 80% of them are in politics for those reasons. Since liberals in general, today's liberal at least, want the fed gov't to have more power, they are the more power thirsty politicians these days.

They don't actually want to solve any problems. If they did, police brutality would have ended long ago. Mayors appoint the police chief. Appoint one that has zero tolerance for police misconduct. For whatever reason, the Democratic mayors (Republicans too) don't do it. Republicans largely don't think there's a problem. Democrats know there's a problem, but they don't fix it. After DECADES.

Explain that.

 

[TheStateUofMS]

All types of assets. There's plenty of short term investment grade bond funds paying 2-3% interest and have some price appreciation potential because of the quality of the investments in the fund if you want more return on cash, but willing to take a little more risk with your money.

I can guarantee you the value of your dollar will stay stable and not lose value other than in "real" terms factoring in inflation.

I cannot guarantee you a bond won't go down in value though, but these ST IG bond funds are pretty safe IMO.

 

[dorndawg]

Don't ever underestimate the thirst for power politicians have. 80% of them are in politics for those reasons. Since liberals in general, today's liberal at least, want the fed gov't to have more power, they are the more power thirsty politicians these days.

They don't actually want to solve any problems. If they did, police brutality would have ended long ago. Mayors appoint the police chief. Appoint one that has zero tolerance for police misconduct. For whatever reason, the Democratic mayors (Republicans too) don't do it. Republicans largely don't think there's a problem. Democrats know there's a problem, but they don't fix it. After DECADES.

Explain that.

Police unions might be the number one problem with reducing police misconduct. Disband every one of them, I say - it's a little something for everyone.

 

[Drebin]

Police unions might be the number one problem with reducing police misconduct. Disband every one of them, I say - it's a little something for everyone.

Teachers unions are bad for passing meaningful education reform. Should we disband every one of them, too?

 

[dorndawg]

You might want to check your data... If you go to the article in Forbes, it states "as of July 3, 2020". COVID had still impacted the market negatively.... Here is a chart from Bloomberg as of August 3rd. Anyone that follows that stock market knows that the Forbes data is ********...

You're... not comparing the same indices. But yes, it more or less tracks the same. And I noted donnie's number's would be better today - July 23 wasn't terribly long ago.

 

[Megiddo]

Looks like the apex near 2008 is higher than the one you marked back in 2000.

 

[Drebin]

Except for that 13 years where it couldn't break through it's previous high....

View attachment 17560

That might leave a mark.

 

[dorndawg]

Teachers unions are bad for passing meaningful education reform. Should we disband every one of them, too?

Sure, if teachers start literally murdering students.

 

[Drebin]

Sure, if teachers start literally murdering students.

Spoken like a true idiot.

 

[dorndawg]

No, not all democrats are bad for wall street. Clinton was pretty good for wall street.

Democrats who plan to raise 4 trillion dollars in taxes, which will impact over 80% of taxpayers in this country, and roll back regulations that unleashed this economy pre-covid tend to be bad for the markets. Democrats who promise broad-scoped social programs like medicare for all and the green new deal are bad for markets.

Choose wisely. I doubt you will however.

The Clinton Administration fairly drastically increased personal and corporate taxes in 1993.

 

[Jeffreauxdawg]

Technically you are correct. You made 1% if you cashed out at the peak. Of course I had a checking account paying me a 4.5% annual return at that time....

 

[horshack.sixpack]

This is how you know it is 2020: conservative speaking in favor of unions / liberal bashing them. For the record teacher unions are just as bad as police ones, are just as bad as insert union name here<insert union="" name="" here="">. There was a time in history that labor organization was absolutely needed. That time is not now. Perhaps if unions went away for a few generations, corporations would be able to create conditions that made them necessary again, but it's unlikely, given the amount of government regulation that now exists.</insert>

 

[dorndawg]

This is how you know it is 2020: conservative speaking in favor of unions / liberal bashing them. For the record teacher unions are just as bad as police ones, are just as bad as insert union name here<insert union="" name="" here="">. There was a time in history that labor organization was absolutely needed. That time is not now. Perhaps if unions went away for a few generations, corporations would be able to create conditions that made them necessary again, but it's unlikely, given the amount of government regulation that now exists.</insert>

I mean, you just about have your wish...

 

[horshack.sixpack]

I like statements that broad stroke "the rich", as if it is a defined, collective body acting in one accord. If you own a car, congrats, your in about the top 7% of the world.

 

[TheStateUofMS]

Police Unions are certainly part of the problem as all unions protect their members of course, but give me a break, you can't blame police unions when they don't set the policy. They have input, but ultimately it's the mayor who sets the agenda for the community.

Fact is, it's all talk and no action. Democratic mayors talk about police abuse, but yet nothing ever changes and it could change if you put someone in charge who has zero tolerance for police brutality. Those types are out there, but they aren't hired as Police Chiefs at least in major Democrat run cities.

I responded to you. Now you respond to what I said. Why haven't Democratic mayors done what I suggested, which is common sense to solve a problem. I'm sure there's plenty of potential police chiefs who would stand up to unions too. There's lot of cops who want to root out bad cops, but the priorities come from the top as in city leaders.

 

[Megiddo]

Well, yes, obviously when referring to a national economic index I'm referring to the "rich" on a national scale, not a global one. And of course I'm referring to those people who actually set up the system the way it is, not every Joe Millionaire or what not.

 

[Drebin]

The Clinton Administration fairly drastically increased personal and corporate taxes in 1993.

Yep, and the house and senate elections in 1994 were a red wave. And then he flip flopped (a Clinton flip flopping? Surely not!) ahead of his 1996 reelection campaign.

- Welfare reform in the summer of 1996 created a massive reduction in effective tax rates on the poor.
- Reduced tariffs from NAFTA improved trade
- He signed a reduction in the capital gains tax from 28% to 20%
- His tax cuts in 1997 included an increase in the death tax exemption and increased limits for deductible IRAs.
- He established Roth IRAs.
- Growth in federal spending was minimized.
- He kept the dollar stable.

Yes, Bill Clinton served as a fiscal conservative during his second term, which saw improved economic performance from the setbacks of his first term, where he governed as a fiscal liberal.

Since you won't educate yourself, I'm glad to help.

 

[Megiddo]

And in 2008 the annual return on the checking account was what, .2%?

 

[dorndawg]

Police Unions are certainly part of the problem as all unions protect their members of course, but give me a break, you can't blame police unions when they don't set the policy. They have input, but ultimately it's the mayor who sets the agenda for the community.

Fact is, it's all talk and no action. Democratic mayors talk about police abuse, but yet nothing ever changes and it could change if you put someone in charge who has zero tolerance for police brutality. Those types are out there, but they aren't hired as Police Chiefs at least in major Democrat run cities.

I responded to you. Now you respond to what I said. Why haven't Democratic mayors done what I suggested, which is common sense to solve a problem. I'm sure there's plenty of potential police chiefs who would stand up to unions too. There's lot of cops who want to root out bad cops, but the priorities come from the top as in city leaders.

Are you suggesting police departments should fire any cop who ever has a misconduct complaint filed against him? That's a pretty bold step if so.

Fact is, I think a lot of mayors/city leaders/police chiefs continue to try to do better (plenty don't, or are inept). It's not as though "cops" is one entity - some places have exemplary police, most of us have some version of ok, and some have genuinely bad squads.

 

[Drebin]

Are you suggesting police departments should fire any cop who ever has a misconduct complaint filed against him? That's a pretty bold step if so.

Fact is, I think a lot of mayors/city leaders/police chiefs continue to try to do better (plenty don't, or are inept). It's not as though "cops" is one entity - some places have exemplary police, most of us have some version of ok, and some have genuinely bad squads.

I won't speak for StateUofMS, but I think police departments should fire any cop guilty of gross misconduct after a legitimate investigation has been concluded. Most of us are in favor of police reform. Hell Trump talks about dealing with "bad cops" all the time.

 

[dorndawg]

Yep, and the house and senate elections in 1994 were a red wave. And then he flip flopped (a Clinton flip flopping? Surely not!) ahead of his 1996 reelection campaign.

- Welfare reform in the summer of 1996 created a massive reduction in effective tax rates on the poor.
- Reduced tariffs from NAFTA improved trade
- He signed a reduction in the capital gains tax from 28% to 20%
- His tax cuts in 1997 included an increase in the death tax exemption and increased limits for deductible IRAs.
- He established Roth IRAs.
- Growth in federal spending was minimized.
- He kept the dollar stable.

Yes, Bill Clinton served as a fiscal conservative during his second term, which saw improved economic performance from the setbacks of his first term, where he governed as a fiscal liberal.

Since you won't educate yourself, I'm glad to help.

Yep, Democratic presidents are by far better for the economy. Peace & prosperity were pretty awesome huh? Literally the biggest problem we faced as a nation was too many blowjobs.

 

[horshack.sixpack]

I had a really bad experience with unions when I was an hourly worker at UPS that shapes my point of view. I wonder how directly that graph is correlated with auto manufacturing off shoring, and/or moving plants to southern states that are not beholding to unions? It has to play a huge role.

 

[dorndawg]

I won't speak for StateUofMS, but I think police departments should fire any cop guilty of gross misconduct after a legitimate investigation has been concluded. Most of us are in favor of police reform. Hell Trump talks about dealing with "bad cops" all the time.

See, room for agreement! It is however rare to see police - ESPECIALLY the FOP/union crowd - speak about it, much less do a damn thing.

 

[Drebin]

Yep, Democratic presidents are by far better for the economy. Peace & prosperity were pretty awesome huh? Literally the biggest problem we faced as a nation was too many blowjobs.

That's your takeaway from the facts I presented? Start over and read them aGAIN. The national mandate that came with the 1994 wave election and Newt Gingrich's Contract With America forced Clinton to the right economically, which opened up an economy that had stalled under the burden of his tax increases in 1993.

 

[dorndawg]

I had a really bad experience with unions when I was an hourly worker at UPS that shapes my point of view. I wonder how directly that graph is correlated with auto manufacturing off shoring, and/or moving plants to southern states that are not beholding to unions? It has to play a huge role.

I suspect that is most of it, along with vast increases in automation & worker productivity. And also - due to a variety of reasons - white blue collar workers moving from a solidly Democratic voting bloc to generally favoring the GOP.

 

[turkish]

Yep, Democratic presidents are by far better for the economy. Peace & prosperity were pretty awesome huh? Literally the biggest problem we faced as a nation was too many blowjobs.

Is Biden’s policy as “retirement friendly” as Bill’s record?

 

[Quincy A. Wagstaff]

View attachment 17561

Let the good times roll!

 

[Drebin]

See, room for agreement! It is however rare to see police - ESPECIALLY the FOP/union crowd - speak about it, much less do a damn thing.

I don't think most people disagree on this. Trump issued an executive order that called for improved police training and Tim Scott's legislation that democrats blocked proposed the same. Police unions are still endorsing Trump.

The issue is that we have idiots out there accusing cops of murdering black people in the street. That's a lie, and it's inflammatory, and stuff like that is what makes people dig in their heels and push back.

 

[horshack.sixpack]

Because of the tendency for the police profession to attract a seeming dichotomy of personality types (guys that are in it to make a positive difference and protect the public / guys on power trips who love the power aspect) it would probably be a good idea to suspend with pay upon misconduct complaint until the investigation is over. Things with no merit would get sorted out very quickly, but you might protect the public from power hungry guy a little better. With my zero years in law enforcement, I'm sure that my suggestion is an easy cure all.***

 

[horshack.sixpack]

If you keep a bunch of money in checking that's on you, really. Independent of the interest rate climate, that is never the best place to find yield.

 

[johnson86-1]

You're not wrong, merely pointing out the notion that Democrats are bad for Wall St is simply divorced from reality.

Democrats are not bad for wall street. There is a reason wall street has given so heavily to democrats this century.

Democratic policies tend to be worse for the economy. They put a lot of deadweight loss on the economy. In the short term, macro factors are generally more important. But over the long term, that's a significant drag on growth.

 

[dorndawg]

That's your takeaway from the facts I presented? Start over and read them aGAIN. The national mandate that came with the 1994 wave election and Newt Gingrich's Contract With America forced Clinton to the right economically, which opened up an economy that had stalled under the burden of his tax increases in 1993.

USA GDP growth in 1994: 4%
USA GDP growth in 1995: 2.6%

 

[Drebin]

USA GDP growth in 1994: 4%
USA GDP growth in 1995: 2.6%

You're dunking on yourself.

Clinton turned into a fiscal conservative in 1995. What were the growth rates after 1995? Why did you stop there?

Let me help you:

1996 - 3.8%
1997 - 4.5%
1998 - 4.5%
1999 - 4.8%
2000 - 4.2%

 

[Jeffreauxdawg]

And in 2008 the annual return on the checking account was what, .2%?

It was 4.5%.

View attachment 17562

View attachment 17563

 

[horshack.sixpack]

Well, yes, obviously when referring to a national economic index I'm referring to the "rich" on a national scale, not a global one. And of course I'm referring to those people who actually set up the system the way it is, not every Joe Millionaire or what not.

I have so many questions. So what constitutes rich? Who set it up? When? Can "the system" be defined?

The world (and our country) work in certain ways. You get in where you fit in and then you make whatever appreciable difference that you can. Ideally that is a positive difference (by my definition of the word "positive" of course***). I fail to understand statements that imply that there is a system stacked against certain folks. Perhaps that makes me incredibly lucky. Perhaps the old adage the more I work the luckier I get is true.

Not being ugly, but the way I read your post it seems that there's some allusion to an Illuminati type set of folks who setup and control everything. I don't buy that. If that's the position, it is one that takes everyone else in the world out of the driver's seat and simply subjects them to the whims of a few powerful people. I don't find that to be true in watching the country around me.

 

[horshack.sixpack]

Also, I misread your username as Megaditto at first and was expecting Rushlike responses...

 

[dorndawg]

I have so many questions. So what constitutes rich? Who set it up? When? Can "the system" be defined?

The world (and our country) work in certain ways. You get in where you fit in and then you make whatever appreciable difference that you can. Ideally that is a positive difference (by my definition of the word "positive" of course***). I fail to understand statements that imply that there is a system stacked against certain folks. Perhaps that makes me incredibly lucky. Perhaps the old adage the more I work the luckier I get is true.

Not being ugly, but the way I read your post it seems that there's some allusion to an Illuminati type set of folks who setup and control everything. I don't buy that. If that's the position, it is one that takes everyone else in the world out of the driver's seat and simply subjects them to the whims of a few powerful people. I don't find that to be true in watching the country around me.

Yeah but have you ever heard of the Rothschild family?!?1********

 

[RocketDawg]

No, not all democrats are bad for wall street. Clinton was pretty good for wall street.

Democrats who plan to raise 4 trillion dollars in taxes, which will impact over 80% of taxpayers in this country, and roll back regulations that unleashed this economy pre-covid tend to be bad for the markets. Democrats who promise broad-scoped social programs like medicare for all and the green new deal are bad for markets.

Choose wisely. I doubt you will however.

It's amazing how good Clinton (Bill, not Hillary) looks overall now compared to current choices (even though he about killed the military, especially the Navy). And I think Biden is going to win this time. That's not going to be good.

 

[horshack.sixpack]

Koch and "the Jews"*** (no offense Rabbi)