TED Conversations

edward long

Association of Old Crows

TEDCRED 100+

This conversation is closed. Start a new conversation
or join one »

The Dow is steadily improving while the national quality of life is consistently worsening.

Barack Hussein Obama's first term is over. The numbers are: 1) National Debt up 54.7%. 2) Unemployment up 0.7%. 3) Poverty up 6%. 4) Approval rating down 18%. 5) Dow Jones Industrial Average up 72%!! Explain this disconnect between America's vital signs.

+1
Share:

Closing Statement from edward long

25 contributors offered these points to ponder
~ we need new goals
~distribution of wealth is broken
~it's a bubble and it's going to burst soon
~statistics are inherently deceptive
~we are printing too much unbacked money
~the government is spending too much
~It's Barack Hussein Obama's fault
~5 folks said there is no more connection between Wall Street and Main Street
~we are loading debt onto future generations
~small investor confidence is at all time low
~younger folks American dream includes tech toys but no home ownership
~money can't but happiness
~the top secret TPP is to blame
~Big Pharma is parasitic
~the Military is a budget buster
~ It's NAFTA's fault
~we are living in the New World Order
~Deflation Depression
~Exessive China trade for shoddy merchandise
~Free Trade is good
~US corporate tax is world's highest
~the Landlord Bubble
~youth becoming deluded narcissists
~middle class being strangled by inflation
~the Media is way off target
~poor getting poorer is new phenomenon
~US is too big to fail
~need term limits for Representatives
~need to repeal the 17th Amendment
~need to revise the 16th Amendment
~need to reduce Cabinet positions to seven
~need to go Isolationist
~stop paying Dictators for permission to feed their starving masses
~we have a Placebo Democracy
~all profit comes from someone's pocket
~leaders are corrupt
~Government creates no wealth
~copyright laws benefit the elite only
~people are the whole problem
~Quantitave Easing
~Debt=Money
~all should read "The Creature From Jeckyl Island"
~only Economists can understand
~we elect politicians rather than people
~Debt and the Dow are proportional
~debt can be invested
~unemployment and wages are inversely proportional
~poverty causes wage reduction
~low wages stimulate profit and productivity
What was not mentioned, surprisingly to me, was if the DJIA got Barack Hussein Obama re-elected
Have a look at the 9 links in the post
Conclusion?. . . Wall Street and Main Street are independent!!

Showing single comment thread. View the full conversation.

  • thumb
    Jan 21 2013: Edward, Excellent. I wish I had clear answers I do not. I do, however, have some observations. Mike Trainor below stated that figures do not lie. They can however be presented in a manner that represents what you wish it to. The means of obtaining unemployment statistic is so corrupted that no one ever agrees. Currently the method is to use the number of NEW applications to determine the unemployed. That would exclude the number that are STILL on unemployment and those who have their benefits expired and those who just plain do not care any more. We count part time as full employment and also those with a less than 40 hour work week. With the scramble for employers to cope with the impact of Obamacare a less than 40 hour week will probally become the norm of the future.

    The fed producing "unbacked" money is a sure fire reciept for recession, inflation, and economic chaos.

    In my opinion, I see keynesian economics and big government as the sure path to follow Argentina and even todays Venseuela. The EU still insists on retaining massive social programs that inspire generational welfare. If you go to the national debit calculator there is a block on the right edge that states the number of unemployed it does not match any statistics that any agency presents. The whole generator is fasinating. The administration has earmarked where government spending could be reduced or deleted. If true than why are they still here ... cut the first 100 on the list.

    Yep the bubble is going to burst and massive inflation will occur. When it does there will be a political spin that says it is the fault of the tea baggers and the 1%. Argentina took the money from the rich and then the middle class because all of the money available could not support a big government and all of its entitlements.

    You have shown us one red flag waving in a sea of red flags. Avoid the ice bergs ... hell our ships skipper is seeking them out. Invest in life perservers.

    Bob.
    • thumb
      Jan 22 2013: You're right Bob. Someone said statistics are like a bikini in that what they do not reveal is more important than what they do. The last burst bubble has still got us reeling. I wonder if we can endure another. Thank you!

Showing single comment thread. View the full conversation.