As they set up folding chairs, tossed footballs and waited for charcoal to reach grilling temperature, Steelers fans showed concern over the failed financial bailout plan and Monday's stock market drop.
"I'm afraid to even look at it," John Littell of Ohio Township said about his 401(k) retirement account, considering recent market drops. Still, an individual investor can do little at this point and, "Being 40-some years old, I'm in it for the long run anyway." He thinks government leaders need to figure out how to better regulate the financial system, "so they are not just buying out multimillion dollar CEOs, and they start worrying about people like you and me."
"From what I gather, the House Republicans were holding it up because it was going to be too expensive," said Matthew Kengersky of Punxsutawney. "As long as they are looking out for the taxpayers long term, I think having an intermediate timeline for the solution would be fine. I'd rather do this right than rush it and do it wrong. ... My retirement accounts are down, but market cycles over the past 70 years have been positive and I am planning for the long term."
Terri Gumro of Smithfield in Fayette County said the plan should hold accountable "top guys, the CEOS, the ones who created it in the first place." Her concerns: "The future, that's pretty much it, and how can you afford anything," given rising prices and a sour economy. "It's bad. ... I had an investment in stocks about seven years ago, and I took it out because I was starting to lose money. Now, I would lose big time."
No comments:
Post a Comment