Tags: obama | economy | poll

Have President Obama's Economic Policies Hurt Your Investment Portfolio?

Despite a five-year bull market that has seen the stock market rally an astonishing 150% since the March 2009 lows, millions of Americans are still no better off today than they were in the depths of the “Great Recession.” Unemployment is still nearly 7 percent, home prices are no longer rising in many markets, and with the trillions of dollars pumped into the economy by the Federal Reserve, we are now seeing the first signals of massive inflation ahead.

Seniors and baby boomers, perhaps the most vulnerable groups of Americans, face even more daunting odds. Those in retirement, or soon to be in retirement, are seeing their incomes choked off by the Federal Reserve’s failed zero-interest-rate policy. With most money market accounts, CDs, and savings accounts paying less than 0.5% interest, seniors can no longer earn a livable income by letting their money sit in a bank.

Editor's Note: Is Obama Hurting the Economy? Vote Here Now

This catastrophic move by the Fed is forcing millions of Americans to make a desperate choice: leave their money safely in a bank and earn virtually nothing on it, or move the money into the stock market and risk losing everything in another collapse.

With Janet Yellen, the newly appointed head of the Federal Reserve, keeping the same low-interest rate policy of her predecessor Ben Bernanke, and two more years of President Barack Obama in office, there are no quick-fix solutions to the financial crisis facing older Americans.

Because of this, Newsmax wants to get your opinion on Obama’s economic policies in an urgent national poll. You can cast your vote on his job performance, and his impact on the economy, stock market, and your wealth.

To access this national poll, click here.

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obama, economy, poll
Friday, 25 April 2014 04:04 PM
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