Highlights: Mitch McConnell and Senate Republicans worked for more than a year to make Joe Manchin’s retirement announcement on Thursday a reality. And for good reason: The Democrat’s decision puts Republicans on the precipice of a majority that’s eluded them for two straight election cycles.
McConnell himself laid the groundwork last fall when he flew out to see the popular Gov. Jim Justice (R-W.Va.), the GOP leader said in an interview. McConnell said Justice initially seemed like he had never considered it, but a few months later, Justice launched his bid.
“You can do the math. If we don’t lose any incumbent — and I don’t think we will — he’s No. 50. And one step closer to having a majority,” McConnell said of Justice. “I’ve been involved in a lot of recruiting over the years, some successfully, some not. But I think that’s the best recruiting job I ever did.”
Considering 401ks are generally based on rich people getting more money, I wouldn’t be surprised.
The stock market is one way the wealthy stay wealthy but that’s different than a 401k, which is different than a Roth IRA.
Well of course there’s differences, no one’s saying it’s exactly the same way in all forms and fashions. But that doesn’t mean they don’t have the same root, numbers on bar charts only ever going up and never coming down (which makes investors sad… and litigious). 401ks are a little more insulated from direct Stock Market transactions (depending on how you disperse it, of course), but that doesn’t mean they’re completely unaffected by it.