Tag Archive: economy
1. A staggering 48 percent of all Americans are either considered to be “low income” or are living in poverty.
2. Approximately 57 percent of all children in the United States are living in homes that are either considered to be “low income” or impoverished.
3. If the number of Americans that “wanted jobs” was the same today as it was back in 2007, the “official” unemployment rate put out by the U.S. government would be up to 11 percent.
4. The average amount of time that a worker stays unemployed in the United States is now over 40 weeks.
5. One recent survey found that 77 percent of all U.S. small businesses do not plan to hire any more workers.
6. There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million extra people to the population since then.
7. Since December 2007, median household income in the United States has declined by a total of 6.8 percent once you account for inflation.
8. According to the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006. Today, that number has shrunk to 14.5 million.
9. A Gallup poll from earlier this year found that approximately one out of every five Americans that do have a job consider themselves to be underemployed.
10. According to author Paul Osterman, about 20 percent of all U.S. adults are currently working jobs that pay poverty-level wages.
12. Back in 1969, 95 percent of all men between the ages of 25 and 54 had a job. In July, only 81.2 percent of men in that age group had a job.
13. One recent survey found that one out of every three Americans would not be able to make a mortgage or rent payment next month if they suddenly lost their current job.
14. The Federal Reserve recently announced that the total net worth of U.S. households declined by 4.1 percent in the 3rd quarter of 2011 alone.
15. According to a recent study conducted by the BlackRock Investment Institute, the ratio of household debt to personal income in the United States is now 154 percent.
16. As the economy has slowed down, so has the number of marriages. According to a Pew Research Center analysis, only 51 percent of all Americans that are at least 18 years old are currently married. Back in 1960, 72 percent of all U.S. adults were married.
17. The U.S. Postal Service has lost more than 5 billion dollars over the past year.
18. In Stockton, California home prices have declined 64 percent from where they were at when the housing market peaked.
19. Nevada has had the highest foreclosure rate in the nation for 59 months in a row.
20. If you can believe it, the median price of a home in Detroit is now just $6000.
21. According to the U.S. Census Bureau, 18 percent of all homes in the state of Florida are sitting vacant. That figure is 63 percent larger than it was just ten years ago.
22. New home construction in the United States is on pace to set a brand new all-time record low in 2011.
23. 19 percent of all American men between the ages of 25 and 34 are now living with their parents.
24. Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.
25. According to the Bureau of Economic Analysis, health care costs accounted for just 9.5 percent of all personal consumption back in 1980. Today they account for approximately 16.3 percent.
26. One study found that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt.
27. If you can believe it, one out of every seven Americans has at least 10 credit cards.
28. The United States spends about 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.
29. It is being projected that the U.S. trade deficit for 2011 will be 558.2 billion dollars.
30. The retirement crisis in the United States just continues to get worse. According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.
31. Today, one out of every six elderly Americans lives below the federal poverty line.
32. According to a study that was just released, CEO pay at America’s biggest companies rose by 36.5 percent in just one recent 12 month period.
34. The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.
35. According to an analysis of Census Bureau data done by the Pew Research Center, the median net worth for households led by someone 65 years of age or older is 47 times greater than the median net worth for households led by someone under the age of 35.
36. If you can believe it, 37 percent of all U.S. households that are led by someone under the age of 35 have a net worth of zero or less than zero.
37. A higher percentage of Americans is living in extreme poverty (6.7 percent) than has ever been measured before.
38. Child homelessness in the United States is now 33 percent higher than it was back in 2007.
39. Since 2007, the number of children living in poverty in the state of California has increased by 30 percent.
40. Sadly, child poverty is absolutely exploding all over America. According to the National Center for Children in Poverty, 36.4 percent of all children that live in Philadelphia are living in poverty, 40.1 percent of all children that live in Atlanta are living in poverty, 52.6 percent of all children that live in Cleveland are living in poverty and 53.6 percent of all children that live in Detroit are living in poverty.
41. Today, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps.
43. A staggering 48.5 percent of all Americans live in a household that receives some form of government benefits. Back in 1983, that number was below 30 percent.
44. Right now, spending by the federal government accounts for about 24 percent of GDP. Back in 2001, it accounted for just 18 percent.
45. For fiscal year 2011, the U.S. federal government had a budget deficit of nearly 1.3 trillion dollars. That was the third year in a row that our budget deficit has topped one trillion dollars.
46. If Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for about 15 days.
47. Amazingly, the U.S. government has now accumulated a total debt of 15 trillion dollars. When Barack Obama first took office the national debt was just 10.6 trillion dollars.
48. If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.
49. The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.
50. During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office
He gets a failing grade if he is being graded on how well he has managed American liberty. However to a Marxist, or communist, or statist he will probably get rave reviews for the speed at which he has singlehandedly moved so many people into the ranks of the needy and beggarly. He has negatively affected every area of the economy and has brought about the greatest economic downturn in recent history.
The only promise I want Obama to keep is his promise of a One term President.
How should the American people assess the performance of their president? One way is to examine key performance metrics, such as jobs, economic growth and inflation. This video offers a comparison of some of these metrics from at the beginning of President Obama’s term to now. You can decide for yourself if you are better off than you were 3 years ago.
First there was VooDoo Economics and Reagonomics now we have Dumbo economics courtesy of the Obama administration. Obama feels that sticking it to the rich will somehow create jobs. Has he not learned anything while in office? All his REGULATORY pins his administration has stuck into the economy as not created a rush on jobs in fact it has produced just the opposite no jobs were created in August 2011. That is ZERO for President ZERO.
Some people are just not too bright. The bible tells us that fools never learn. Well I guess that makes O a fool’s fool eh?
So for the first time since starting this blog I am awarding the first ever LIFETIME DODO bird award to President OBAMA for his DUMBO economics.
I wonder if he will accept it in person like he did the Nobel Peace Prize? NAW I doubt it.
"These are the times that try men’s souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of his country; but he that stands it now, deserves the love and thanks of man and woman." –Thomas Paine
There used to be a time in America where we actually stood for something bigger and greater than ourselves. I am fearful perhaps we have lost that national fervor for the greater good. For too long government has made dependents of far too many of our citizens and the only fight worth fighting is fighting for one’s rights or entitlements. This is a national stain on this great nation. What made America "exceptional" was the idea that every man. woman, child, individual was created by God and endued with certain inalienable rights. Each individual was respected as made in the image of God and thusly should be protected from the ravishing of tyrannical government. The colonists stood together in the 17th and 18th centuries to fend off the tyrannical talons of England and were willing to die for something greater than themselves – liberty and justice for all. Neighbor stood with neighbor to beat back the enemies of freedom.
This love of freedom drove men and women to fight and die in foreign lands because they believed FREEDOM was something worth fighting for and wanted to see others set free from despotism and wicked tyrants. America was once seen as the ONLY HOPE or like Ronald Reagan put it "a shining city on a hill".
I am afraid the shimmer has gone out of our once great nation. The populace has learned how to vote themselves special favors and monies from the federal coffers. They have learned how to steal from their neighbors and no longer stand together as one nation under God. We have been divided by politicians who play class warfare and pit one group against another in order to gain political advantage.
It is time for true patriots to once again rise to the occasion. We need true patriots to challenge the soft tyranny running unchecked throughout our society.
I take great hope in the rise of the Tea Party movement because I see in them the nature of true patriotism. It is not about them but for the country. They are the ones who have for years, worked hard, obeyed the law, looked after their families, pray to God, worship in faith communities, and basically lead quite, peaceful lives. However; the see the handwriting on the wall and have been stirred to take action. They are willing to make the sacrifices needed to right the wrongs of the ship of state so that their progeny will be able to enjoy the fruits of liberty left to them by their forefathers.
Will you be among the noble who cry GIVE ME LIBERTY or GIVE ME DEATH or is your battle cry simply GIVE ME?
The TEA Party has made an impact in the culture wars. Love them or hate them, but in the end you will learn to respect them because they are not driven by personal gain but by a cause greater than themselves. It is for their children and their children’s children that they stand and fight. This is a cause worth dying for.