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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.
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!!
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Ken brown 30+
This may seem conspirawhako but it's not, as it has a lot of my people up and arms over the negotiations that was held in my country last year, it may seem to benefit your country but you won't see one dime of it.
http://www.wakingtimes.com/2013/01/21/the-trans-pacific-slam-job/
Most of what it describes is true as our protesters who can be quite scrappy resorted to violence which wasn't good but it got the media focused on the meetings that were top secret. Hopefully my country and Australia stick by their ambivalent attitude to the demands made by these vermin.
Edit = So this might be a good excuse to lower the green back?
pat gilbert 50+
This goes on in the states big time. One example Sugar has tariffs on it despite NAFTA, this makes corn syrup a viable alternative which has raised the price of corn (which effects the price of meat and drains the Ogallala Aquifer) and kept the price of sugar artificially high.
Ken brown 30+
pat gilbert 50+
Ken brown 30+
http://www.youtube.com/watch?v=XN7ZIrfqD7Q
I'm all for trade though it will be more expensive for American made it will also give our dairy industry a slight boost even if they alter the packaging to state it is American grown, Canadian bacon is cheaper in Nz than our own bacon and some packaging states Nz pork. It makes a lot of us laugh.
I don't know about you but you have got to try Uruguayan beef, it put's all I've ever tried except game and wild steer to shame, it makes my countries beef taste like rubber.
pat gilbert 50+
I don't know the implications of this so I can't say anything else.
This article is somewhat of a tangent but not to the OP and explains some things about inflation that Bob and I have talked about in the past. I hate to admit it but maybe some of the conservative rhetoric was a bit distorted?
http://www.forbes.com/sites/pascalemmanuelgobry/2012/10/19/no-the-united-states-will-not-go-into-a-debt-crisis-not-now-not-ever/
Ken brown 30+
What do you think if iran or israel started intimidation tactics to force the States to use more diplomacy in the region at the same time china and japan start getting real nasty with each other further pulling the States into a shaky position, wouldn't the market get a bit shaky?
You guys have the Pacific Pivot in place i think and here's some good news.
http://www.adelaidenow.com.au/news/south-australia/trillion-shale-oil-find-surrounding-coober-pedy-can-fuel-australia/story-e6frea83-1226560401043
pat gilbert 50+
Does their influence trump the benefits of trade? Is it a coincidence that the people that go to war with the U.S. or vice versa don't have much trade with the U.S.?
The thing about oil production is the units of energy required to retrieve energy. Shale oil is down there but technology changes things. But it will not be as cheap as sweet light crude. It just changes the economy for a while.
edward long 100+
Ken brown 30+
This year we are worried our dollar might reach parity or close to it and our exporters are screaming already, life is tough, this we all know but this is a first I've ever come across a blatant push for adopting a set of laws that wasn't put through the normal processes.
EDIT = All countries benefit from trade and since my country changed it's tack with the States 25 years ago there was a cooling between the two over our non nuclear policy which it seems a little dated now. I just don't like this hardball stance.