Liz-Vision
  • October 22, 2008 01:37 PM EDT by Liz Claman

    Tell Me What Worries You Most???

    I've been talking to viewers, people on Wall Street, my friends. Everyone seems to be worried about the current state of the markets and the economy, but then, when our conversations dig a bit deeper, a sub-set of worries emerges:

    How long will it take to regain the money now lost in my kids' college funds?

    How much longer will I be forced to put off retirement now that my retirement nest-egg has been decimated?

    Should I pull all my money out of the stock market?

    Could this all happen again one day?

    Why, when I never invested in anything close to a credit default swap, am I now forced to save everyone who did?

    What happens next?

    Folks: tell me what worries you now. We should be talking about these issues on the show. I want to hear your thoughts. Let me know.

    --Hang in there....

    Liz

Ron

My concern is that things will stay the same. We, as Americans need to wake up and take control of our country. It's time we started being positive about our country and take a stand that will bring it to where it belongs. You can bet that the politicians do not have the country's best interest at heart. As they continue to allow America to lose position in the world we will indeed continue to lose position in the world. VOTE!!!!!!!!!!!! VOTE!!!!!!!!!!!VOTE!!!!!!! God help us.....VOTE...

October 28, 2008 at 1:49 pm

Kitty

I agree it's not the Media's fault for all the troubles. However, it is the Media's fault when it comes to self fulfilling prophecies. If the media didn't keep saying "the housing bubble is going to burst" over and over again then maybe properties wouldn't have started to decline in value. If housing could have stablized and prices increased at a normal 5% per year, then people would have been able to refinance themselves out of these pay-option arms. I have been in the mortgage industry for over 30 years and have lived through interest rate climbs to 18% and never have seen anything like this. I am only a pion in this business, but I saw it coming. But whoever listens to the workerbees?

October 28, 2008 at 11:42 am

Paul

Obomber, Stretch and Dingy Harry

October 28, 2008 at 11:33 am

Sam

Liz, What worries me? A government that no longer governs for "We the people". What causes me to loose sleep at night? People referring to a presidential candidate (any presidential candidate) as the "messiah". What frightens me? A Divided America, instead of a United America. With government not listening, the media not producing/investigating, and America's people "tired"....we are now more diveded than ever. Thanks for asking, Sam

October 28, 2008 at 11:29 am

Fred O.

And now ! The Dems. are passing around the idea of taking control of 401k plans and other types of private Pensions that we have worked for.I assume they feel they can take better care of our money,They are taking care of Social Security which belongs to the individuals who paid in to it,hows that working for us ? This is just one more worry !

October 28, 2008 at 8:43 am

TRUNK MONKEY

Liz..What worries me the most is the United States allowing people from unstable countries to imagrate here..Do we really know who and what we have living amoungst us??What potental plots or problems there planning?? With the millions of illegals here from Mexico you'd think our government would locate them and toss them out..Were at the point now of saying enough is enough America and Americans first..American people need Health Care,Good Jobs,Food,Good Schools where our kids actually learn something instead of a $720 billion or more bailout for Wall Street..TRUNK MONKEY

October 28, 2008 at 5:35 am

elle

My biggest worry is an Obama presidency and a Reid/Pelosi Congress (with Barnie and Chris still doing their dirty work) My other worry is the lies and cover up of the Main Stream Media. I fear this country may never be the same. This country deserves better and we want the truth. Obama is dishonest and he has the media behind him. God help us if he is elected.

October 27, 2008 at 10:28 pm

joe spender

Back in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. Now we are trusting the economy of our country to a pack of nit-wits who couldn't make money running a whore house and selling booze?

October 27, 2008 at 8:20 pm

Buddy

What worries me is that we are about to have a far left media, a far left congress and a far left president. Our freedoms aren't yanked away all at onced, but pelled off a little at a time.

October 27, 2008 at 7:15 pm

ScaredTexas

It may not even matter, legislation is planned to be introduced if Obama wins and the Democrats get a super-majority that will nationalize our 401Ks and Pension Funds. The reason is to "protect" you from market downturns. Everyone will be required to pay into this new Government fund PLUS your Social Security. Interest will be set at about 3% per yr and the payouts will be FIXED based on what the Government says you need at your retirement age. Of course the real reason is more control over you and your money, and taking from everyone who made money to give to those who didn't. And it will also be "borrowed" against (Like SS Trust Fund) to inplement new Gov't programs including some of the bailouts so that more money isn't printed that would devalue the dollar and perhaps kick us into Hyper-inflation. Don't think it would happen? It just did last week in Argentina!! If America has any sense at all they will not let this happen. And if the legislation is proposed there may be some serious repercussions from 401K, 403K, IRA and Pension owners which would be 60-70% of Americans.

October 27, 2008 at 7:04 pm

Hank

The market will not recover until the series of weak corporate reports subside and investors start to see some positive earnings surprises.

October 27, 2008 at 6:17 pm

Ruby

I am deeply worried that socialist-leaning Obama is going to win the presidential elections and CHANGE the very essence of America which made her the greatest and most productive nation in the world. I came from a socialist country and immigrated to America 25 years ago. Socialism does not work.

October 27, 2008 at 5:51 pm

Hopeless Debt

My main worry is that with my current age (54) and my current economic situation, I am only 1 month away from bankruptcy, should I lose my job. That's worry #1, but there are others - my property is now worth about half of the amount of the mortgage I'm paying on it. It's an interest-only loan, and the payment is about half of my net monthly income, so I'm not able to pay down any principal. Living costs have risen and my credit card balance keeps going up, not due to any extravagant purchases, but just day-to-day living. There is little hope of paying down my debts in my lifetime, and I will have to work until I die just to survive; retirement is no longer an option. There are many times that I have wondered, why should I continue? Just living life at this point is like beating my head against a wall.

October 27, 2008 at 5:01 pm

Jane

Thanks everyone. I thought I was alone in my concerns and misery loves company! I literally can't sleep at night thinking how an Obama administration teamed up with a supermajority in Congress could truely change the fabric of the USA. I mourn for my kids and for their lost opportunity to seek the American Dream.

October 27, 2008 at 2:32 pm

Ross

The government picking winners and loosers through the Bail Out Look, the government is now giving 3.5 Billion to Capital One! These guys are the "ARM PIT" of the credit card world. They have lied to and cheated more people then lawyers and politicians combined. They should give their 3.5 Billion to all of the people that have been screwed by Capital One and other credit card comapnies by jacking up peoples rates and fees. How do they give 3.5 Billion to companies that violate credit card collection laws!

October 27, 2008 at 2:30 pm

jeff

How can so many be fooled by our congress and presidential candidates??? At 62 I know I will not retire anytime soon with what is happening in the Market and that's OK for me but for others is will never happen, all because of bad politicians and greed, nothing new here but just more of it. The only way this country will survive will be if a grass root organization takes off and is understood buy the people, it will have to be from the ground up it will never happen from the top down. Good luck!

October 27, 2008 at 1:37 pm

stan

I am worried that the estimates of the actual cash within the world are in the 6 to 7 trillion range are not enough to satisfy the national debt before the "bailout" began. We Americans need to wake up to the ever increase in spending our "leaders" continue to pile on our backs. Big brother and all the good intentions will not bring this disaster to a close. It is past time for a responsibility revolution.

October 27, 2008 at 10:35 am

Rich Stocker

I am withing 5 years of retirement, and am worried that Obama and his Democratic Congress will start draining 401k's and IRA's, since there is still a significant amount of wealth contained there that they would like to tap.

October 27, 2008 at 9:44 am

Ed Riegle

One of the biggest losers in our current market crisis is the IRA & 401K stock portfolios’ of many retirees. They may be forced into cashing in some of their equities during this period of major downslide because of the IRS’s minimum distribution rule. Since many retirees have multiple accounts and each account is treated separately, and not lumped together with other annuities, this could force the sale of these stock equities before they have had a chance to recover. The suspension of the Minimum Dist. Rule for a coupled of years, or the consolidation of distributions between varied accounts could prevent the forced sale of low priced stock products, and offer some relief to the retirement community. And here's another scary thought: The valuation that this years minimum distribution is based on is last years (12/31/07) portfolios value; a hell of a lot higher than todays market price.

October 27, 2008 at 9:40 am

Fred O.

I am absolutely worried about voter fraud,I would support a stop in the Election process until the American People are guaranteed that all those that are voting are eligible to vote and are not voting numerous times.

October 27, 2008 at 9:09 am

Fred O.

I am Retired and have lost 50 % of my pension,is the Government going to replace it with some of the "BAIL Out Money"? My Health Insurance Policy premium cost is going to double in Jan. of 2009,with the loss of my savings which I intended to pay my mortgage off, keep my health care policy and just get by which is definitely not going to happen now.With the lower price of gas at this moment,we should not forget that we are being held hostage by "OPEC",we should start drilling now and be prepared to use our own natural resources,not only for the average consumer, but for the security of our Country.And Legislate how much of this resource goes on the free market.Than S.S.is just one more concern,Under Obama's plan there will not be enough money going in to support the program and he wants to give full benefits to those who never paid in to it,may be if our politicians had to depend on S.S. like the rest of us do their would be more concern about this program,but they invented their own retirement plan which is one each citizen would love to have.Anyone that had any part in the stock market collapse should be prosecuted to the full extent of the law.And now the American people want to make one of the shadiest characters i have ever seen the President of the United States,they can not be checking in to his background enough to make a rational decision,with the Liberal teachings in most collages these days it is no wonder that the Youth of today is swayed in to believing Obama is the "ONE",the voting age should be increased to the age of "21"so the youth of today can have a chance to let their brains mature so they can make a rational decision based on facts.If Obama is elected God help us!

October 27, 2008 at 8:41 am

ron

What worries me the most? Paulson and Bernanke somehow keep their jobs in the next administration. More bailouts/loans for their pals on wall street.

October 26, 2008 at 11:57 pm

Catch22

I'm worried about the socialists using the economic cycle to advance and entrench their agenda into the fabric of government and society to a degree that will eventually lead to disaffection and total lack of confidence in too many institutions and result in something like European socialism being installed on our shores. Other than that, I'm cool as a cucumber. Risk and failure is as important as risk and reward. I say let the weak fail and the strong survive. Which, btw, is what is going to happen anyway. The Fed is simply trying to slow down the process so as to avoid full fledged panic. That doesn't usually work.

October 26, 2008 at 10:48 pm

shawn reeves

What worries me most is that obama is not a socialist. It is that he is a comminist. I feel that this election has been rigged by the media. I applaud the reporter that asked Biden the questins today about socialism. I see how the obama campaign has now censored that channel now. Belive me when I say if Obama becomes king you will never hear from the commoners again. This country is in grave danger and as an alaskan I am glad I am far removed from the masses. I fear a civil war in the future if he is elected. We may have to bring Sarah home and who knows where we will go from here. Maybe alaskans should drill for alaskan oil and natural gas and all the other natural resourses we have keep them in our state and spread our own wealth to the people of alaska. The dems and libs dont deserve Sarah. We in alaska are prepared to fight as we know freedom isint free and we may soon have to fight again. This not a presidential but an election of ideals. Capitalism and democracy or socialism and evil. My greatest fear is we are about to make the wrong choice.

October 26, 2008 at 9:49 pm

Jack Curtis

By worry is that reporters will keep up with reporting a lot of doom and gloom, and drive us in to a depression.

October 26, 2008 at 5:54 pm

about this blog

  • Liz Claman joined FOX Business Network (FBN) as an anchor in October 2007. Her debut included an exclusive interview with Berkshire Hathaway CEO and legendary investor Warren Buffett.

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