It was a taunt that MAGAts enjoyed hurtling at us libtards during the reign of the His Most Delusional Orange Insipidness. I suppose that they were all intoxicated on the toxic brew of his faux billionaire telepresence and hatred. Better that than intoxication due to strychnine, organophosphates, or polonium, I suppose. His homies Puty and Un prefer those.
The taunt was meant to show their party’s pride in rising 401-K valuations as proof that everyone was better off under The Orange One’s economy. After all, who better to make millionaires of all of his adoring throng than their favorite, Reality TV faux Billionaire? The taunt failed to acknowledge that most of their angry, MAGAt proletariat had no 401-K. It also failed to recognize that the stock market does not usually reflect the financial health of the average American household. In fact, the market surges when wages are suppressed, and workers are struggling. Wallstreet rises on the backs of American workers.
The whole 401-K trope, when it does apply, applies best to retirees like me. It is we who are tapping into the actual value of our 401-K plans. Younger folks gain nothing when 401-K valuations surge and lose nothing when 401-K valuations plummet. And truth be known, many retirees like me live mostly on our pension and social security income rather than on 401-K distributions. Yes, it is nice to get a yearly distribution from our 401-K funds, but many of us consider it a boon rather than as a basic source of income.
So here we are in a post-orange putrescence economy. Our 401-K investments took a deep (20%+) discount during His Orange Incompetence’s pandemic economy, and in the last year of the Biden economy, those accounts have surged about 20%. We are almost back to how our retirement accounts were doing before MAGAts fucked everything up. Why? Because Uncle Joe Biden has more economic sense in his little finger than His Fetid Orange Buffoonery has in his and his offspring’s decaying brains.
Vote Blue next year unless you want to lose everything that Bidenomics has given us.