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edward long

Association of Old Crows

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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 27 2013: Hey Edward..important pint and true globally..through this time of global crisis when more and more people are worse off as the folk who brought us to collapse prosper the Dow will hit a record high tomorrow)..

    What that means is that the GDP of all nations is no longer connected up to creating jobs, building infrastructure, preserving the planet, creating housing opportunity, growing high quality food. We falsely feel secure when the dow hits new highs, housing starts rise, unemployment rates creep down a bit..

    We are not paying attention to the thrieavbility of our economy.

    We need new goals
    .
    New conversations about our economy that are more focused on equal opportunity and the distribution of wealth

    New performance measures..a high dow does not translate to public good..to common good.
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      Jan 27 2013: Finally, a Plutonomist chimes in! 14,000 for the Dow tomorrow huh? Thanks for two more eye-opening economics formulas: 1). The GDP is not directly proportional to Job Creation, 2). A high DJIA does not equal Greater Public Good. I have always thought a robust stock market meant Happy Days for the hoi polloi. If that is not true you are right about needing new goals. Clearly you agree there is no intersection between Wall Street and Main Street. So your advice is forget the Dow and focus on equal opportunity in the distribution of wealth? Sounds logical. Thanks!

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