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Stop worrying about the election, the fiscal cliff or the state of the economy for that matter,...
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Wednesday, October 17, 2012, 8:14 PM ETStop worrying about the election, the fiscal cliff or the state of the economy for that matter, advises John Bogle. Investors need to stay focused on the long haul, regardless of market conditions, Bogle says. Good business will survive, so focus on investing rather than speculating. “Get out of the casino, own corporate America and hold it forever.”
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Still like my precious metals better anyway..Might be passed the tipping point after last nights debate...Who lied the most?
I read somewhere that there are over 5,000 new regulations pending the President's signature. He is holding off until after the election before lowering the boom. Nearly every new regulation coming out of DC will increase the cost of doing business for US corporations. The executives are merely letting workers know that they can vote however they want but it the cost of business goes up, as they expect to happen if the Prez is re-elected, then labor costs will need to be reduced to offset the increases wherever possible. In some cases, it will become unprofitable to keep a plant operating if the costs of doing so under new regulations becomes too onerous, thus the plant will be closed. That is just how they see it all unfolding. The workers can vote however they want. The management is just letting them know what should be expected if the government keeps going in the same direction. There are some companies ready to fire everyone (and some that already have) simply to avoid the costs of Obamacare. Of course, they'll allow former employees to come back as contractors. But that is one of the realities that so many people are missing. Millions will lose their company healthcare benefits if that law is allowed to go into full effect. And it won't help the million employed by McDonald's or any other major employer that primarily employs part-time workers because those companies have already been granted exemptions. People will lose healthcare that they won't be able to afford to replace and will then be charged a tax penalty by the federal government for not having coverage. And I'm not making this up.
You read somewhere? Best to not believe everything on the internet.
You trust this guy vote for him. If that open mike with the Russians did not convince you then nothing will!!! Don't trust everything out of BO'S mouth...
" I do agree. Obamacare kills the smaller ones where we have 50% of our working people who are left. Devastating for growth. Just devastating. But to the larger ones, like CAT, F, IBM, VZ, T, Obamacare it is not even a factor. The bigger ones are actually self insured and just pay companies like Etna to administer and ration out the resources to keep costs under control. Not a totally bad system actually. About the same as Medicare which works pretty good for our precious old folks. What Obama is doing will destroy Medicare BTW. He is cutting payments to those "rich" doctors and "greedy" providers way below the real cost. That will result in cost shifting and also denial of services to the people who need them the most. It's all messed up on so many levels" A QUOTE FROM ANOTHER CHATROOM FROM A GUY WITH A TON OF EXPERIENCE..HERE IS HIS BACKGROUND!!!
" You are exactly right IT. Exactly. I have over 30 years experience downsizing and consolidating manufacturing plants. Very large ones. Mostly due to the inefficiencies caused by a combination of: 1) Incompetent and dishonest management, 2) Unions, and 3) Misguided government regulations and policies "
If you invest your own money then let us know
http://bit.ly/zSDYcD
I'm seeing more and more mistakes like this at SA. It's getting so the site is becoming like Yahoo Finance.
You are 100% correct. It even says Bogle later in the article..
How long 'tll C, BAC shareholders that bought in 2007 get paid?
You might be older than he is.