BB, I have whipped and thrashed the numbers every which way and I can't get them to come out much less than 2 million regardless of what data I use. You are using 1% annual intrest compounded monthly, not 1% monthly intrest. Now if I correct for inflation at a miserly 5% it goes through the roof, also be advised that just because you turn 65 and retire doesn't mean you withdraw you retirement fund and keep it at home in a fish bowl so you can watch it for the next 33 years.
That is the problem with the economy under Obama, he said himself that he is not good at math but he chides others for a poor knowledge of mathematics when it is obviously not the case, while all the while he is driving out economic SUV at top speed further and further into the ditch.http://www.bsmotoring.com/storypage.php?autono=5905
Here is a little tidbit you good folks in Ohio and Michigan may need to know about before you vote. Obama Motors (Chrysler-Jeep-Fait) are going to take their O'bailout dough, pull up stakes and move all Jeep manufacturing, lock, stock, barrel to China. How's that Hopey Changy thingy working out for you? http://economyincrisis.org/content/a-lost-decade-for-nearly-every-state
As Michigan has lost over 18% of their household income, Washington the Distric of Columbia has gained a like amount mostly on the strength of Federal Government hiring that averages $130,000 per job counting benefits. Both states or either side of Washington the District of Columbia, Maryland and Virgina have also benefited from Obama's "SPREADING THE WEALTH AROUND... NOT! The only other states that are doing better are Lousiana, Wyoming, Nebraska, West Virginia, Montana, and North and South Dakota. These states are only doing better than the country as a whole because of Obama's contrived energy shortage that is forcing every man, woman, and child to pay more for energy just like Obama promised you he would do back in 2007. My estimated friend BlueBee has already admitted in a previous post that there are a lot of West Virginia folks cashing Mail Box Money Checks because of all the Natural Gas drilling and fracking going on their land now. Just this week Obama stoped even more oil drilling in Alaska.
As the above link describes, Michigan lost $1,500 hundred dollars combined under Presidents Bush and Clinton (Between 2000 and 2007) but Michigan dropped a bruising $6,100 in take home pay during just the first three years of the current occupant's missrule, 2009, 2010, and 2011. Say what you will this Depression is Obama's Depression as sure as the last Depression belonged to Herbert Hoover. I think it was Albert Einstein who said something about the insane repeating failed actions? Better look it up BB before its too late.
The workers in Michigan have lost almost 20% of their income and counting since 2000. Still the Federal, State, and local governments keep loading down, larding up, and smearing down industry, especially the auto industry with more rules, more regulations, and more mandates. When will it end? It will end when Detroit and all the rest of Michigan's Lower Peninsular is once again a long grass prairie or forrest like it was before the French first sat foot on it. Michigan's only other chance for positive change is on November 6Th.
The smart money always says that the rich get rich and the poor get poorer. I therefore find it telling that it is mostly the super rich who are funding Obama's campaign. But since Obama has been on the job (January 2009 till now) the Middle Class is down 4% on the old paycheck stub while the poorest Americans have lost a STAGGERING 7% of their income and as inflation begins to pick up more steam, everyone will quickly become poorer and poorer and poorer every week if not literally poorer every hour.http://www.thetruthseeker.co.uk/?p=57655