Our President is a moron. He pushes interest rates artificially low and keeps them there, elevates unemployment to record HIGHS and keeps it there, runs food, commodity and fuel prices to the moon, and increases taxes. Then he tells people to 'save more and let those high interest rates of his work their magic'??
Obummer continues to amaze me. Has a bigger idiot EVER held the office? I don't think so.
June 8, 2011, 7:40 PM
Save some of your earnings: Obama
Ruth Mantell
Blogs.Marketwatch.com
A top personal finance tip from President Barack Obama?
“Don’t spend all your money,” the president told a group of media at a Wednesday personal-finance summit held by the administration in Washington.
“Save a little bit out of whatever you’re earning, and the magic of compound interest applies,” Obama said. “That is something that Michelle and I have tried to apply, not always successfully.”
The Obamas both graduated law school — but with more than $100,000 in debt that took 10 years to pay off. However, the investment turned out a good one, the president said.
Obama also said he sympathizes with the “quadruple whammy” facing some young people today — having to pay off college loans, getting their first home started, saving for their kids’ college education, and possibly helping out their parents with retirement.
“So having spending discipline is important,” Obama said, later noting: “It remains smart to spend on things that are going to increase your productivity, your income.”
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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