The U.S. Economy By The Numbers:

Discussion in 'Politics' started by poncho, Jun 8, 2012.

  1. poncho

    poncho
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    70 Facts That Barack Obama Does Not Want You To See

    Why is the economy going to collapse? Have you ever been asked that question? If so, what did you say? Sometimes it is difficult to communicate dozens of complicated economic and financial concepts in a package that the average person on the street can easily digest. It can be very frustrating to know that something is true but not be able to explain it clearly to someone else. Hopefully many of you out there will find the list below useful. It is a list of 70 numbers that show why we are headed for a national economic nightmare. So why does the title of the article single out Barack Obama? Well, it is because right now he is the biggest cheerleader for the economy. He is attempting to convince all of us that everything is just fine and that the economy is heading in a positive direction. Well, the truth is that everything is not fine and things are about to get a whole lot worse. Certainly others should share in the blame as well. Congress has been steering the economy in the wrong direction for decades, the "too big to fail" banks have turned Wall Street into a pyramid of risk, leverage and debt, and the Federal Reserve has more power over the financial system than anyone else does. Our economy has been in decline for quite a while now, and soon we are going to smash directly into an economic brick wall. Unfortunately, a lot of Americans are in denial about this. A lot of people out there doubt that an economic collapse is coming. Well, if you know someone that believes that the U.S. economy is going to be "just fine", just show them the list below.

    The following are 70 facts that Barack Obama does not want you to see....
     
  2. poncho

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    Doesn't look good does it?
     
  3. freeatlast

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    This President holds a lot of blame and I hope that he is voted out this November, but the truth is that the congress both republican and Democrat hold the most blame. Everyone of them should be booted out and replaced with people who will do what it takes and what it will take is going to be very painful and take many years if possible at all.
     
  4. billwald

    billwald
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    >48 - Shockingly, at this point 48 percent of all Americans are either considered to be "low income" or are living in poverty

    This was the norm until WW2. We are regressing to the norm. 19th century, here we come. It is a done deal. The middle class credit bubble has popped and will not return. Jobs will continue to go off shore until WW3 or until the US standard of living is on a par with China's.

    But don't worry. The top 20% is doing just fine.
     
  5. LadyEagle

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    From the list:

    As I mentioned on the Speaker's blog one time, what if the average American just got fed up and ran our households like you have run up our national debt -- we just charged up the credit cards and then declared bankruptcy? What then? Think the whole US economy would collapse? When you look at the $11,440,000,000,000 consumer debt......

    I blame Republicans more than Democrats. Look at the list and look what the trade imbalance with China is since they were granted Normal Trade Relations with us back under the Bush administration. Republicans have been very irresponsible with our tax dollars and trade policies. We expect that from Democrats. We don't expect that or want that from Republicans. Hopefully, we sent a good message in 2010 and we can send another message again in 2012. Speaker Boehner has been a big disappointment, he has caved and he has morphed into a RINO, I believe.
     
  6. poncho

    poncho
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    Yer right. We're headed towards the de-industrialized age via "free trade" and globalization.
     

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