Jordan
Member
- Joined
- Sep 22, 2007
- Messages
- 4,035
Ron's numbers with the younger generation are outstanding. The problem, though, is that young people don't vote--err, they/we don't make up a large enough slice of the voting pie to make Ron president.
In a short visit with my grandpa, I realized what it is exactly that is on the mind of every senior. It isn't the debt, nor is it the job market--the issue is interest rates.
Ron can hit hard here, and gain some very serious early momentum in locking down this core voting block.
He NEEDS to start talking about the Fed in language that voters can understand. There is no better way to pull on the strings of the aging voter than to hit on interest rates, which are in the toilet.
He has to say something like:
Grabbing a slice of the senior voters would be HUGE in building his polling numbers early, which would only stand to establish him as a serious candidate for the next two years. He needs to act now. I hope his campaign is here, and takes this post very seriously.
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EDIT:
Proof of concern, for those who asked:
Great article about retiree fears. Article is entirely about interest rates:
http://online.wsj.com/article/SB10001424052748703410604576216830941163492.html
Summary of actuarial study: http://www.benefitspro.com/2011/05/16/inflation-interest-rates-and-home-values-top-conce
Responses to a NY Times article about low interest rates. Seniors saying thank you for bringing it to the attention of everyone else: http://query.nytimes.com/gst/fullpage.html?res=9F01E1DB1F3EF936A15752C0A9669D8B63
This issue is only going to get bigger as time goes on. There are many millions of seniors who, this year, will be shocked into horror when they roll 5-year CDs from 2006-2007 that yielded 4-6% into new CDs paying 2%.
http://www.omaha.com/article/20100913/MONEY/709139955
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Sorry, I don't have easy access to a bunch of retirees. However, I'll get on the phone for 10 minutes tomorrow, call a few brokers, and ask them about their older clients. Might be interesting to hear. I'll call the credit union, too, just for fun. I encourage others to do it too. Ask seniors you know.
In a short visit with my grandpa, I realized what it is exactly that is on the mind of every senior. It isn't the debt, nor is it the job market--the issue is interest rates.
Ron can hit hard here, and gain some very serious early momentum in locking down this core voting block.
He NEEDS to start talking about the Fed in language that voters can understand. There is no better way to pull on the strings of the aging voter than to hit on interest rates, which are in the toilet.
He has to say something like:
"The Federal Reserve affects seniors in the worst way. Hundreds of thousands of seniors across the country watching this debate should know that it is the Federal Reserve that is ruining their retirement. How much longer can the American retiree manage earning 1% per year on their savings when their cost of living is rising by three, four, or even five percent per year?
I am the candidate for America's greatest generation."
"The biggest crisis facing retirees isn't Social Security's future. No, the biggest threat to America's seniors is low interest rate policy from the Federal Reserve. I am the only candidate who wants to return to a strong dollar. I have been fighting for seniors, savers, and fiscally-responsible Americans for the last thirty years, and as president, I will do it for the next four."
Grabbing a slice of the senior voters would be HUGE in building his polling numbers early, which would only stand to establish him as a serious candidate for the next two years. He needs to act now. I hope his campaign is here, and takes this post very seriously.
-------------------------------
EDIT:
Proof of concern, for those who asked:
Great article about retiree fears. Article is entirely about interest rates:
http://online.wsj.com/article/SB10001424052748703410604576216830941163492.html
Summary of actuarial study: http://www.benefitspro.com/2011/05/16/inflation-interest-rates-and-home-values-top-conce
"Both retirees and pre-retirees expressed concern about maintaining the value of their savings and investments with inflation (58 percent of retirees very or somewhat concerned, versus 71 percent of pre-retirees)."
"Half of retirees and more than six in 10 pre-retirees expressed concern about having enough money to pay for adequate health care (49 percent of retirees, 67 percent of pre-retirees), and their income varying from changes in interest rates (52 percent of retirees, 62 percent of pre-retirees)."
Responses to a NY Times article about low interest rates. Seniors saying thank you for bringing it to the attention of everyone else: http://query.nytimes.com/gst/fullpage.html?res=9F01E1DB1F3EF936A15752C0A9669D8B63
This issue is only going to get bigger as time goes on. There are many millions of seniors who, this year, will be shocked into horror when they roll 5-year CDs from 2006-2007 that yielded 4-6% into new CDs paying 2%.
For example, anyone keeping $500,000 in a 12-month certificate of deposit earning a rate of 1.5 percent annually — one of the best savings rates available nationally these days — would earn $7,500 a year, hardly enough to live on. Just three years ago, that same investment would have generated $26,250.
Now, savers are searching desperately for a better return on their money.
“All of our clients are struggling with this,” said Cary Carbonaro, a financial planner who works in New York City and Long Island. “It has never been as bad.”
http://www.omaha.com/article/20100913/MONEY/709139955
-----
Sorry, I don't have easy access to a bunch of retirees. However, I'll get on the phone for 10 minutes tomorrow, call a few brokers, and ask them about their older clients. Might be interesting to hear. I'll call the credit union, too, just for fun. I encourage others to do it too. Ask seniors you know.
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