TED Conversations

edward long

Association of Old Crows

TEDCRED 100+

This conversation is closed.

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.

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.

  • Jan 24 2013: Long term, the Dow has steadily risen. Long term, quality of life has steadily risen. Short term, they both fluctuate around a steadily increasing trend line. The Dow and the economy don't fluctuate up and down together at the same time. The Dow tends to lead in anticipation of economic changes. Economic prosperity, stock market investment, and economic profits all slosh back and forth between more wealthy countries now-days. The USA's "national quality of life" can be left holding an empty bag when, on average, there may have been quality-of-life improvements world wide.
    • thumb
      Jan 24 2013: Maybe things are improving world-wide, I don't know. But the focus of this debate is about the apparent disconnect between Wall Street and Main Street in the USA. From January 2009 to January 2012 all vital signs of US economic health turned down, except one. This is not a momentary peak or valley, but a four-year trend. Does it indicate something has changed in the workings of our economy? Are the One World folks quietly redistributing American assets including money, technology, education, innovation, research and development, etc? Are we being dumb-downed to fit better into a politically homogenized global community?

Showing single comment thread. View the full conversation.