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In reply to the discussion: Five years of Obama and what do we get? [View all]seabeckind
(1,957 posts)The DOW has absolutely no relation to the health of the economy. That's a measure of increased wealth to the wealthy.
Reducing the percentage of unemployed is not a measure of the standard of living of those employed. As demeter points out above, an analogy might be counting the number of people in a bread line. If half of them die waiting for food, ...
GDP growth doesn't necessarily mean the product in a particular area has improved. Nor does it guarantee a measure of those items that improved the quality of life of individuals. Blowing up a field on the other side of the world means we have to create a new product.
Deficit doesn't mean there was an investment in the improvement of quality of life. Most of the reduced deficit was a result of austerity. And that doesn't help the common person.
Consumer confidence? Huh? It's ok to buy food and necessities, not necessarily those which were produced to help the common man ... in this country.
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