Much has been (and still is being) written about the upcoming Presidential election. And I've thrown in my 2¢ in from time to time. And many continue to ask if we're better of now than before we elected President Obama. Many from the Republican camp don't ask....they're already sure we're worse off.
The facts for me are these: I watched my 401k be decimated, as did my friends and coworkers. The value of my house fell by more than 30%, and I live in a very modest house in the "old" section of Stow. Some folks home values dropped even more, as you know. My overtime where I worked evaporated, and some folks were laid off. Incomes fell or disappeared accordingly. I didn't have a lot to start with, and then.......
You know how this went, to one degree or another. We all suffered from the shenanigans of Wall St. and the world banking disasters. We all looked up and said "Holy Cow, what's happening?" Or worse. And, from reading various articles, blogs, and comments here on the Patch network, many of you understood much more than I how and why this happened.
I've since retired due to health reasons. I'm not disabled, so I just went out at 62 and bit the bullet on the 25% reduction in benefits from SS. Had to do it. Working full time was no longer an option. But with my SS, I was able to retire. Without it......work till I drop dead ?
So that's were we were. Let me tell you how I see it now.
The company I worked for has slowly and completely called back all of the people that were laid off. A new addition has been constructed at the facility, and although there has been some changes there, things are progressing. SLOWLY.
My 401k is growing. Very slowly, very steadily, GROWING. Now, admittedly, it wasn't a HUGE balance to begin with, but when you're just an retired working stiff, you have a different defination of huge anyway. It was huge to me. So it is growing. Every week I check, and it's GROWING. Has been for over a year. Being retired, there's no more of my income or company match going in. The growth has taken place since I retired.
My property value has rebounded by approximately 10%, as has yours, according to a real estate aquaintence that is getting more and more enthusiastic about the market in general. And I read that real estate sales is up by 20% in this area, and that new housing starts are up nationwide.
The inflation rate is down from last year, and continues to be much lower than most of the Bush years.
I see new businesses opening around the area. Including the place where I got a part time job to help pass the time and make a little spending money.
Now, all of this being said, I know the cries of "over 8% unemployment" will be heard, and I don't pretend that it's all rosy. Far from it. Gas prices are up. I know that the President doesn't really have any control over that. And you do, too. And the deficit ? Sure needs to be addressed, and I believe the Presidents plan is the way to go. But in my little corner of this, things are BETTER.
I need my SS benefits to live. Next year, I'll need Medicare benefits to help me stay alive. Right now, and from now on, my elderly sister in an assisted living facility NEEDS her SS, Medicare, AND Medicaid to continue for the rest of her life.
Right now, this day, things here are getting a little better. We earned our benefits. We paid our dues. Things are looking OK. Not wonderful. Not rosy. OK. We're very afraid of Romney. He will hurt us WHERE WE LIVE. He will hurt us by taking away what we need to live our lives. Benefits I earned. With me, it's not about much more than that.
Amanda Harnocz
1:38 pm on Wednesday, October 3, 2012
Ed, thanks for posting another blog. Always happy to see readers taking advantage of the tools here on Patch. Those who would like to blog, click here: http://stow.patch.com/blog/apply
Patrice Tyler
3:22 pm on Wednesday, October 3, 2012
Thank you Ed for your frank and honest opinion. I truly believe that if a lot of Ohio Romney supporters took a hard look at the facts, they would at the very least, agree with a lot of your points. I have a lot of friends/family who were laid off, forced to take unpaid leaves, and having a hard time finding a job at all, that are in much better situations now. We tried to sell our home in Stow a few years ago,and,the offers that we were getting were so depressing, but that has gone up too. People also need to ask the Firestone and Goodyear workers how they feel now, considering the tariffs on rubber that Obama put in saved their jobs. Or maybe drive to Lordstown, Ohio, and ask those GM workers how if felt to return to their jobs. People are so quick to cast off Obama due to mud-slinging, untruths, paranoia, and overall ignorance, but, when you get right down to it, a lot of us are better off now, than 4 years ago.
Melissa Bysura
4:16 pm on Wednesday, October 3, 2012
Thanks Ed. My husband works at the railroad, my brother-in-law for a wire (steel) company, and my father-in-law just retired from GM (Lordstown) and we're all doing ok because of Obama's policies. We didn't get "hand outs", we were simply beneficiaries of improved fiscal policies. We might be looking to take a transfer to Jacksonville soon so I guess we'll see if the housing market is kind to us, but outside of that possible hiccup our quality of life has improved.
Brian Brewer
7:09 pm on Wednesday, October 3, 2012
One of the three people in the country better off than 4 years ago.
Ed Fisher
7:57 pm on Saturday, October 6, 2012
Really just grates on you, doesn't it ?