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Monday, March 28, 2016

Have We Recovered Yet??

Have you noticed if you listen to any of the political speeches or interviews of any of the remaining candidates for President, Democrat or Republican, there is one very important word no one ever has uttered, not even once to describe the US economy...

The word is Recovered.

As in a post-2008 stock market crash 'recovery' that has concluded.

Think about that a moment..  The market tanked around September 5th, 2008..  I will never forget it because prior, the McCain/Palin ticket actually left their Rep. convention with a 4 pt lead in the national polls over Obama
Once Lehman Brothers collapsed and the bailouts began with $700B of TARP, the old cadaver and his too energetic to tame VP nominee never lead again

And none of the candidates, not even Socialist Sanders takes the time to explain what's happened over the last 7yrs, 6 months with any detail because they know most people's brains can not comprehend what unlimited QE has done

To most, QE sounds like a a British ocean liner
They don't know how deeply evil and all-controlling the Federal Reserve is..   How they are really a private bank that is a backstop to protect the corporations and banks every time their greed runs amok

People don't know that every dollar the Fed spends is added onto the National Debt so that $1.05 Trillion annually pumped into the market so everyone can enjoy the gaudy figure of Dow 17,000+ meant at least $3 Trillion increase in the National Debt

When Obama took office, the National Debt was $10.6 Trillion

And today its at $19.2 Trillion and climbing
And as much as we hate Obama, we're not laying all of the $8.5 Trillion increase on his feet..   About half came from the Federal Reserve and if you ever wondered why we can't simply default, here lies your answer..

Yes we owe China more than any nation ($1 Trillion) with Japan second, but we owe our own Federal Reserve far greater so to default is to basically middle-finger and sabotage ourselves

No candidate has talked about that either I'm sure..

And no candidate is really going to bring back the jobs shipped overseas, not even Trump who A&G has never hidden from anyone we prefer to see as President
The best he could do and who knows if Trump is thinking this or not, would be to get a law passed (call it a 25% Rule for simplification) that says 25% of your manufacturing must be done in the US with American workers or a 25% tariff will be put on your products sold here

Candidates love talking education..  How important a degree is..

In a way that's more criminal and unethical than anything Hillary has done while Secretary of State because at no time in US history has a degree cost more and give less employment 'bang' for the buck then at present..

What is so special about a Business degree from Football-Factory U when every other job applicant possesses one?
In 1940, only 5.5% of men possessed a four-year degree while only 3.8% of women achieved the same..  Now a diploma is as common and unexceptional as autumn leaves fallen from a tree

Of course there are ways to fix the problem, at least making attending college less expensive

For instance, any public or private University that accepts one-penny of Federal tuition money in the form of grants or student loans must lower the amount of credits to graduation from 120 (4yrs) to 60 (2yrs)

A student could stay longer if he/she chooses but otherwise, most non-essential electives and other fluff is to be streamlined so the person attending can focus on all the courses in their particular field of study and compile only half the debt load as in present..

No politician or candidate will ever float that balloon about
It was written before here and still true..  An election for your local mayor, alderman or city counsel person is far more important and directly impacting your daily life than a Presidential election

And the cause of excitement one ends up getting for President is the same reason people get nutty over Star Wars 12 or 'Batman and Superman Three-Way Wonder Woman'.. Or whatever these silly movie titles are..

A lot of money was spent to create a hell of a lot of hype and attention..

And what can any of them really do to fix things?
Did you know that when you take the number of working age Americans that are Officially unemployed (8.2 million) and add that number to the number of working age Americans that are considered to be “not in the labor force” (94.3 million)...

That gives us a grand total of 102.5 million working age Americans that do not have a job right now

Nearly 1 in 4 Americans of what is considered working age (25-54) is unemployed -- that number equals 28.9 million of the total 94.3M

Even if you have a job, that does not mean that you are on easy street.  According to the Social Security Administration, 51% of all American workers make less than $30,000 a year.
This means in most families the only way one survives is both parents not only working one job but possibly two..

And do not tell me the current situation of Rush-Rush, takeouts and microwaving is better than the 'Mad Men' days when the Dad brought home the bacon and Mom was content to keep the house nice and prepare warm meals for her family at dinner time

We will take that over mandatory diversity in the workplace anyday

So much that was better 'Then' vs Now and no politician from slimy Hillary to boisterous Trump really is going to put that toothpaste back into the tube..

At best one hopes the next President won't be a continuation of what we have and what has been, and at worst..  Well its Monday.. I don't want to think on it..