A Big Risk to your Financial Future: Politicians

By seadmin

If you’re anything like the majority of Americans and me, you’ve just about had it with the inept political leadership in Washington. To say that these men and women are worthless would be a bit too complimentary in my view. According to a recent Gallop poll, just 13% of Americans approve of the job our legislators are doing, while an unbelievable 84% disapprove. The most recent Rasmussen poll revealed that only 6% of those surveyed thought Congress was doing a good job.

On Thursday, all of these politicians will gather round to listen to President Obama outline a new job creation program. The president will reportedly propose a combination of limited tax cuts and more government spending as part of his package to get Americans back to work. According to the reports I’ve read, this plan would inject more than $300 billion into the economy next year through tax cuts, spending on infrastructure, and aid to state and local governments.

I don’t know about you, but I have very little faith that any plan actually will make it through Congress, and even if it did manage to gain House approval, I doubt whether such a plan would do anything to really help create jobs. From what I’ve read, it’s just more of the same stale policies out of this White House that haven’t worked yet, and that aren’t likely to work in the future.

If you are serious about protecting your wealth, then you need to heed this warning –beware of politicians, as they represent a big risk to your financial future.

To help mitigate this risk, you need to be extra cautious with your personal spending and, of course, extra vigilant with your investable assets. There’s no telling what kind of wealth creation schemes are going to come out of Washington these days. So now, more than ever, investors have to be on their toes and willing to take swift action in the face of the new political risk.

Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.

His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.

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A Big Risk to your Financial Future: Politicians