WHY DID WE WORK SO HARD?
Before you read this let me state that I am not looking for any sympathy from anyone. I am just an old man who worked more hours than most to achieve the American Dream. After 17 years of retirement I am convinced that my government is close to destroying my savings for as punishment for being successful. Obama’s obsession to share the wealth is destroying those of us that saved to take care of ourselves
Obama and his progressive army have finished destroying the American Dream of home ownership. Carter started the eventual demise a long time ago. Barney Frank and Chris Dodd protected the scam with Fannie Mae and Freddie Mac until the bubble burst. Barney still stands before the cameras to defend these government mismanaged organizations today.
Our government could not manage a bankrupt whorehouse in Nevada. How on God’s green earth did anyone with a third grade education, ever expect them to run Amtrak, the Postal Service, TVA, General Motors or Chrysler and break even, much less make a profit? Now the flood of new government regulations is destroying all businesses with idiotic and wasteful constraints.
In the last few days my IRA has suffered a near suicide. Does Obama or Congress care? No, they are on vacation and with their pensions, could care less that they have wiped out the savings of millions of senior citizens. For twenty seven years of service with a large defense contractor, I receive a pension of $221.47 per month. This will not even pay for the Medicare supplement for my wife and me.
I spent the last eleven years of my work life with one tall hill to climb. I knew before I started my first business what my pension would be. As I have a Masters in Business it was obvious that my future retirement would require personal savings to insure that we would survive old age.
In those eleven years I average 225 nights a year in hotels in over 27 countries and 49 states. I missed birthdays, anniversaries, my children’s school events and death in my family. Several of these trips exceeded 5 weeks and I amassed over 2 million miles on airplanes. Obviously my family also suffered.
Finally at age 64 I had saved enough to retire and with my savings in my IRA I felt secure. I had no fear that my children would not be burdened with caring for us when the time arose. I was blessed with a mind, driven to succeed and actually achieved every goal I had made for myself. Few honest people ever reach this pinnacle of success.
We are constantly asked if we are better off now than in the past by the self-ordained blood sucking saviors in Washington. Until Bush Two and Obama came along I could honestly say I have had a better life than most. I was better off each year as compound interest and long term investments were successful in maintaining my savings.
If Obama’s changes continue to improve as he keeps preaching, my savings will completely disappear before he completes his first term. If he wins another 4 years my children will not only have to take care of us, my grand children will never have a chance to even retire.
My question, especially to senior citizens, is your life these past four years better or worse than you expected?
I expect some feedback that I should have buried my savings in a fruit jar and it would all still be there. Well my 1994 dollars would be worth about $.38 cents today. If Washington keeps helping us with spending more than we have, will it be worth anything next year?
One more question. How many people, who are not working for the government, on welfare or drawing unemployment, feel they will be better off next year? I will be happy to share your names with everyone I can and I will try to sell you my “Golden Goose”. I got my goose from Washington with a promise that our government is always there to help me “out”. They just never explained what “out” was. “Out” seems to really be, “out” of luck, “out” of money, “out” of hope, hurry up and croak and get “out” of the way.