Monday, March 28, 2016
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
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
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
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
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?
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
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?
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.
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..
Posted by Susquehanna at Monday, March 28, 2016