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edward long

Association of Old Crows

TEDCRED 100+

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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.

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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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  • Jan 24 2013: This discussion, while needed and good, to me is much like politics. We look for answers through conversation, correlation, and collaboration. To me talking politics and maybe what this discussion is like; is to take the finest freshest most crisp vegetables and the best cuts of meats and preparing them for a fine stew. We take great care in our preparation the pieces are cut to the right size our seasonings are exacting to our tastes, the heat is perfect and our timing impeccable. I think the main problem is that no one has taken the time to properly clean the pot.

    We give billions to big pharma because (they say) it takes billions to bring new and promising drugs to market but their profits are bigger than the money we give them . They will sell their product to other countries cheaper than they will sell it to the people who gave them the money to develop it. And when we cross the border of our nearest and dearest neighbor to by it cheaper they say it may be tainted and want laws to discourage it.

    While this is only one example there are many contradictory examples to be found.
    I don't pretend to know the answers but I will say this.
    I embrace the greatest experiment of human kind. The constitution of the United States. To empower the people to decide their own fate. While our constitution has been found to be flawed and certainly circumvented it is still a great triumph over the forms that came before. We have never been a true democracy because we have a constitution. That is to say just because the majority votes for something it still needs to fall under the parameters of that constitution.
    We all want see a better and more just world. But without involvement in mass we will fall short almost certainly.
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      Jan 24 2013: Big pharma is sure being mentioned a lot in this debate. The "dirty pot" you mention is a metaphor for what?
      • Jan 24 2013: while our good and noble causes are very informative well intended. The corruption and misuse in the foundation of the system must be addressed first.
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          Jan 24 2013: Aha! Corrupt, self-serving politicians in the Juducial, the Legislative, and the Executive branches of government. A drop of good wine in a cask of sewage is no worse than a drop of sewage in a cask of good wine. We must clean everything or lose it all! Brilliant, Pat, brilliant. Let's do it! In 2014 we elect some new Senators and Representatives.
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      Jan 25 2013: There has been much said about the economic and political problems we face here in the USA and I bow to no one for respect for our constitution.
      So, Let's get this right. The USA is not a democracy. We are a constitutional republic. The federal governance was supposed to be for the 13 now 50 states. States have elected to use a populous vote to select the representatives and had appointed senators to represent them. The worry then was that a strong central government would become to much like a monarchy. So no titles, in Washington.
      So, every couple of years, we go through an election, no 50 elections, all on the same night.
      Now most of the first timers are noble people that want to represent their constituents. But something happens in Washington. After a few years they come back and not for elections but for coronation.
      I mean, have you ever met a four term congressman? They hold out their hand so you could kiss their ring. Unless you're a big contributor. Yes, we need to vote out the incumbents every election until there is an amendment to term limits. Then we need to void the 17th and bring the states back into the fold.
      The alternative is that the imperial city states of New York and LA will corrupt DC and subsequently divide this nation along the Mississippi. Sound like a wild rant? It is. But we need to do something bring the degradation of the constitution to an end.

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