Monday, September 29, 2008

Seven Years Down the Drain

So much for my retirement.  The market's now lower than it was when Bill Clinton left office.  Damn.  

9 comments:

  1. Yeah, but in 7 years I'll be too old to care.

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  2. Guess you'll have to scale back and learn to live on less than a million a year. O tempera, O mores! I made it through 1972 on $800. I starved, but I made it. But seriously, I imagine my little retirement investment is looking a little flat right now, too. I can at least bask in the happy knowledge that the CEO's who helped create this mess are safe with their multimillion-dollar golden parachutes. UP THE REVOLUTION! UP THE REVOLUTION!

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  3. I wonder how many of the people against the bailout are under 40 and not heading into the formerly called "golden years."

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  4. I've given up on retirement. I'm counting on a merciful bolt of lightning.

    But not before I finish this book.

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  5. I would be eager to know more about this CEO thing.

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  6. Supposedly there'll be a rebound this morning.

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  7. Wonder how all this would have played out if the term Investment had been used instead of "Bailout"?

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  8. Mina, CEOs are Chief Executive Officers, the acting bosses of corporations, who usually conspire with their cronies on boards of directors to make each other rich at the expense of the employees, stockholders and customers. It's the corporatist way. Some actually try to improve their companies, but they often don't get far, or if they do improve them and still manage to make themselves and their cronies rich, they're praised to high heaven even if, like Lee Iacocca, they did so with a similar government bail-out payment.

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