Charles Schwab warns senior investors to be afraid if Obama is re-elected
TAMPA — Charles R. Schwab, a septuagenarian whose name has become synonymous with investing for the future, has a simple piece of election advice for seniors worried about their portfolios: Vote Romney.
Seniors have unable to grow their savings in traditional vehicles like CDs and savings accounts while interest rates have stayed near zero percent during Obama's first term, he said.
"We are being — I hate to use this word, screwed — but we, as seniors are really taking the brunt of this," Schwab, 75, said during a campaign trip through Tampa Wednesday.
"Unless we get growth going, the interest rate will never climb to what it was just four or five years ago… They better vote Romney, otherwise we're not getting out of this pickle."
http://www.tampabay.com/news/business/personalfinance/charles-schwab-warns-senior-investors-to-be-afraid-if-obama-is-re-elected/1256851
I guess the people on Wall Street are never happy. Obama saved the financial system from collapse. The DJIA was at 6,900 when he came into office and now it's at 13,528. If they get what they want it will end up in disaster and they will have to be bailed out again.
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