AMERICAS ECONOMIC DESTRUCTION- INTENDED OR ACCIDENTAL?
I received a message yesterday from a good friend concerning the economy. The facts disclosed in the message present a picture that is even worse than I perceived. This message was five pages long and included a list of 50 economic facts. I have edited these facts to hopefully wake up as many as possible to make sure we do not have four more years of Obama.
If the republicans would stop slaughtering each other and just stay with these facts, they will defeat Obama and gain control of the senate and stop this march to destroy America. Hopefully these factual economic numbers will be shocking enough to wake enough people up.
Hopefully, many of you will understand the importance of the list below and use it as a tool to help you share the reality of the U.S. economic crisis with your family and friends. It does not blame any party, as both sides have contributed to the dangerous condition we find ourselves in.
1. 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 well above 11 percent.
2. The average amount of time that a worker stays unemployed in the United States is now over 40 weeks.
3. There are fewer payroll jobs in the United States today than there were in 2000 even though we have added 30 million extra people to the population.
4. Since December 2007, median household income in the United States
has declined by a total of 6.8%, adjusted for inflation.
5. The Bureau of Labor Statistics reported that there were 16.6 million Americans self-employed in December 2006. Today, that number has shrunk to 14.5 million.
6. Fact, in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs.
7. Fact, 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.
8. 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.
9. Fact, the median price of a home in Detroit is now just $6000.
10. Fact, 19 % of all American men between the ages of 25 and 34 are living with their parents.
11. Fact, the Bureau of Economic Analysis reports that health care costs accounted for just 9.5% of all personal consumption back in 1980. Today they account for approximately 16.3%.
12. The retirement crisis in the United States just continues to get worse. According to the Employee Benefit Research Institute, 46 % 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.
13. Fact, 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.
14. Today, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps.
15. Fact, 48.5% of all Americans receive some form of government benefits. Back in 1983, that number was below 30 percent.
16. Today, spending by the federal government accounts for about 24 percent of GDP. Back in 2001, it accounted for just 18 percent.
17. The U.S. federal government had a budget deficit of nearly 1.3 trillion dollars in 2011. That was the third year in a row that our budget deficit has exceeded one trillion dollars.
18. The U.S. government has now accumulated a total debt of 15 trillion dollars. When the current administration came to power the national debt was just 10.6 trillion dollars.
19. Should the federal government began 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.
20. Since Obama took office, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Obama took office.
Hopefully, the facts listed will wake up the under informed, because 2012 is going to be a choice between freedom or socialism. It’s the economy “Stupid”.
Thanks for the facts Ron………………………..C Brewer