The stock market has not increased in value. Instead, it reflects inflation caused by more than tripling the money supply. The stocks are worth less, but it’s hidden under the fact that the dollar is worth less.
Right - that ‘Quantitative Easing’ scheme? That’s literally injecting new money into the economy that wasn’t created by growth. How we don’t have hyper inflation right now is beyond my (non-economics education) capabilities to fathom.
Exactly right! The market is held up by the trillions that is cooking the books. When the crash happens is when the Fed Reserve quits manufacturing fake money. The Fed Reserve needs to be destroyed and our money backed in gold or silver, not paper. This currently is impossible.
Bingo. In addition, stocks have been the only investment vehicle that has somewhat kept up with inflation. Cash - worth less. Real estate - worth less. Money in the Bank - earns way less than inflation - and with an expanding money supply is worth less. Ironically, the people Obama says he's trying to help don't generally invest in the Stock market - so even by his own stated hypocritical criteria he is failing.
Also, when you are looking at employment numbers, you have to look at the number of people of employment age and calculate the percentages. IF we have an increase in the absolute number of people working - it is probably driven by 1) an increase in work-age population, 2) people working longer because they can't afford retirement, and 3) people working in lower paying jobs. If that's what counts as success, then we might as well just choose our next President from a kennel.