An Ol' Broad's Ramblings
Archive for Economy
One Thousand One Hundred Eleven
The Lee Plan Offers a Clear Choice for Americans
The Foundry
It has been over three years (1,111 days to be precise) since the U.S. Senate last passed a budget. The last time Senate Majority Leader Harry Reid (D-NV) fulfilled his legal responsibility, Conan was still on NBC, Tea Parties hadn’t come together and the iPad hadn’t yet been introduced. This is one of the biggest abdications of power we have seen on the part of our government in modern time. And there is no excuse. The Senate needs only 51 votes to pass a budget. Democrats have had well over that for President Obama’s entire term, yet they refuse to even offer a plan.
Let’s be clear. The Senate must pass a budget if we are going to halt Washington’s disastrous habit of overspending, overborrowing and overtaxing our fragile economy. While liberals sit on the sidelines saying ‘no,’ conservatives are offering solutions.
Representative Paul Ryan (R-WI), Senator Pat Toomey (R-PA) and others have courageously put credible and thoughtful plans on the table. But today, I am happy to report that a member of the Senate has put forward an unprecedented new plan that directly confronts all of the major economic challenges our nation faces.
Senator Mike Lee (R-UT) has introduced a budget resolution that mirrors the bold and thorough reforms The Heritage Foundation first proposed in our comprehensive program, “Saving the American Dream.”
Un-elect The Marxist
Santorum endorses Romney for president
Rick Santorum endorsed presumptive GOP nominee Mitt Romney in an email to supporters sent late Monday night.
The one-time Republican presidential hopeful and former Pennsylvania senator said “the primary campaign certainly made it clear that Gov. Romney and I have some differences. But there are many significant areas in which we agree.”
“We both agree that President Obama must be defeated. The task will not be easy. It will require all hands on deck if our nominee is to be victorious. Governor Romney will be that nominee and he has my endorsement and support to win this the most critical election of our lifetime,” said Santorum.
While his backing could shore up Romney’s position with the GOP’s conservative base, some could view it as a lukewarm endorsement of the party’s eventual nominee.
When it comes right down to it, this isn’t about Obama or Romney. This election is about the very survival of the United States. Was Romney my choice? That would be a big fat NO! Will I vote for him in November? Damn skippy I will! Why? Because we will not survive another four years of socialist/marxist rule!
You folks who have decided you won’t vote for Romney because he doesn’t represent everything you wanted in the candidate….stay home! Voting 3rd party, or write in will only get us another four years of complete destruction. If you want the socialists to completely take over, then just use your vote for Obama. Don’t give me that crap about ‘standing on principles’. Standing on principle is great and I’m all for it, but when it comes to this country, you need to get your head screwed on straight, and stand WITH those of us who KNOW we have to boot Obama from the White House. We didn’t get this far down the sewer in one day, and we sure won’t be getting out of it in one election cycle. If giving Obama his pink slip isn’t your goal, then you have lost sight of our real problems, and it ain’t Mitt! Our problem is the GOPer elites, who need to be replaced, and the lame stream media, that needs to relearn the meaning of investigative journalism. IF we stand together, eventually, we just might be able to TAKE OUR COUNTRY BACK!
Obama has not been a leader. He, and his minions, have basically crowned him king, and kings don’t give a flying flip about the peons that pay his bills.
Big Primary Day In Wisconsin
Today is primary day in Wisconsin to see which moronic, lying, cheating, self centered Democrat (but I repeat myself) will be Scott Walker’s opponent in the ridiculous, and totally union thug run recall election. Will it be Tom Barrett, who lost to Walker in 2010 by a 52-47 margin? He seems to be leading in the polls. Possibly Kathleen Falk, another hack that has, apparently, never lived in the real world, residing in the Land of Oz, aka Madison, running it into the ground as county executive.
Isn’t it odd that since Walker has been in office, the unemployment rate has dropped? What happened to all those morons shouting at the Capital about how people were going to lose their jobs? From 7.6 to 6.8 (Mar ’11-Mar ’12). It helps if your state has a business friendly atmosphere, which Walker has been trying to create. Many school systems have been able to actually SAVE money through Gov. Walker’s budget reforms. Unfortunately, the BIG union districts failed miserably. Many teachers ended up losing their jobs.Why? Well, let’s just say that selfish union thugs don’t give a damn about what’s best for the kids that they are entrusted to ‘educate’. Wait a minute! Isn’t that what the morons who banged drums and behaved like animals in the Capital said Walker’s budget would do? Cost teachers their jobs? It appears they are just as stupid as they appeared on the idjit box.
In the long run, this whole recall BS isn’t about ‘children suffering’, or job loss. It’s about union power. Plain and simple. The years of Dopey Jim Doyle put the state into a financial disaster that only a person of strong character, and TRUE concern for the state could pull it out of, yet the unions have spend a fortune spreading the most absurd lies about the man. And unfortunately for Wisconsin, the ill informed have bought into the crap being spewed. You hear utter nonsense about how the Koch brothers bought Scott Walker. Excuse me while I clean off my monitor. Spewing coffee from laughter y’know. Who is buying whom? Well, let’s look, shall we?
Yep! You Wisconsin union members are getting the shaft! Is this why you pay your dues, voluntarily or forced? I always thought those unions dues were for the members benefit, NOT the top echelon who want more and more power. But don’t forget, they also use the money you work for, and pay into as dues, for resorts trips (and let’s not forget the resort that was/is? owned by the fattest union of all)….not for you, who actually earned the money, but for those who having been sucking the life out of the U.S. economy for decades. Think Detroit.
Your head honchos are living high off the hog from your money, and yet, you continue to get out there and make total jackasses of yourselves…for THEIR benefit, NOT yours! Please note the area where your dues is being spent. Politics. To say that the Koch’s are pouring money into politics is down right laughable. More than half a BILLION dollars compared to 12 million over the course of, what….23 years? In one state? Come on people, snap out of it! I know you can’t all be that damn ignorant! Or, maybe you can. I’ve seen some of the comments made by the leftard union thugs. Logic does NOT enter into the conversation….only talking points and hysteria. My goodness. Grow up!
If Wisconsinites really love their state, as so many claim, then why on earth would you want to destroy it by electing another Dopey Doyle (totally owned by unions, especially WEAC). Is it so much to ask for teachers, and other government employees, to actually contribute their own money, instead of the taxpayers, to their own health care and retirement? Government employees work for the people. The people spoke when they elected Scott Walker. Get over it! Stop throwing 2 year old tantrums! If you aren’t happy with something, then go about it in the proper manner, instead making asses of yourselves, and showing the entire world just how totally ignorant, selfish, and childish Americans are…..especially UNION states. Get over your gimme mentality…it is NOT all about YOU! And you are NOT entitled to diddly! Especially not OTHER PEOPLE’S MONEY! But then, that’s the way of the communists, isn’t it.
This election isn’t just about the survival of Wisconsin. No, this election is about the survival of the United States. Governor Walker has brought Wisconsin back from the brink, and the rest of the country needs to follow in his footsteps…not the footsteps of Lenin and Stalin! Scott Walker is the best thing to happen to Wisconsin in a VERY long time! Use YOUR brain, not the union/commies’!
The Word Is Disgusted, NOT “Disappointing”
Obama is a liar. His administration is made up of liars. There has been NO truth spoken about the economy, and no, this is NOT Bush’s fault! Dude, pull up your big boy pants, and admit it……. YOU SUCK! You have NO idea how to run a lemonade stand, much less the economy of the United States of America! Socialism does not work. It has never worked, and it will never work. Wake up people! If this is the “change” you were looking for, there is no “hope”!
Weak Economy Disappoints Again
The Foundry
Every day, America waits for a brighter future to arrive — the promise of change that President Barack Obama made in 2009 when he set a benchmark for his success on the economy, remarking, “If I don’t have this done in three years, then there’s going to be a one-term proposition.” More than three years later, very little has changed. As today’s jobs report shows, the U.S. economy only added 115,000 jobs in April — well below expectations and far, far below what is necessary to drive the economy back to full employment.
Lackluster employment results dominate today’s report. It’s been three years under the Obama policies, and 12.5 million Americans remain out of work. No demographic group except black workers saw an improvement in their unemployment rate, and 13 percent of black workers remain unemployed. What’s more, the labor force participation fell to the lowest level since 1981 at 63.6 percent. Americans are fleeing this economy when at this stage workers should be returning to the labor force.
This shouldn’t surprise anyone. While little has changed with the economy, little has changed in President Obama’s failed policies. Rampant federal spending continues unchecked; the debt continues to grow; a monstrous tax hike is set to hit Americans on January 1, 2013, infecting the economy with renewed and debilitating uncertainty, and the country’s energy policy remains in shambles.
WHAT?
I don’t usually post on Sunday morning. I’m too busy trying to get both eyes open so I can get ready for church, but when I saw a link to THIS on FB…..
Citing an increasing debt burden, Egan-Jones Ratings Co. downgrades the US credit rating another notch. This is the second time they have done this in 8 months.
Here is what the President Sean Egan said in a telephone interview:
Reason for downgrade: “the increasing debt load coupled with the fact that there has been no tangible progress in addressing the country’s growing debt to GDP”
“Unfortunately, the debt is growing fairly rapidly while the GDP is not.”
The debt has climbed 23.6% from 2008 to 2010.
What is Obama doing to address this? Probably taking a vacation or campaigning.
This is dated April 9. It’s now April 22. Am I the only one who never heard a word about another downgrade? I realize I haven’t been keeping up with the outside world as well as I should….too much going on…but seriously, I do watch the news once in a while, and if I heard about this, it evidently went in one ear, and out the other, which I find highly unlikely!
H/T: Lanie
Is There Anyone He Won’t Blame?
The man/child has been a complete failure since day one, but it’s everybody else’s fault! Man up, dude! Your policies suck, and are destroying this country! But then, that was your intent all along, wasn’t it!
Obama’s New Gas Price Scapegoat
The Foundry
High gas prices are not a president’s friend, especially in an election year, so it’s not surprising that President Barack Obama is trying his darndest to shift the blame for record-high fuel prices onto something other than his failed energy policies. Yesterday he made a desperate attempt to distract from those failures and redirect America’s gas price rage with a flawed proposal to punish speculators for supposedly driving up the cost of energy.
Speaking from the Rose Garden, the president announced a proposal to spend $52 million to fund increased government oversight of oil futures market trading in addition to harsher civil and criminal penalties for manipulation in energy markets. “We can’t afford a situation where some speculators can reap millions, while millions of American families get the short end of the stick,” Obama said. “That’s not the way the market should work.”
A History Lesson – January 3, 2007
Whether or not you like Bush 43, facts are facts! There are some who would love to change history to suit their agenda, but thankfully, there are enough of us who know the truth, and will do our utmost to keep the facts in the foreground!
The day the Democrats took over was not January 20, 2009, it was actually January 3, 2007, the day the Democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress. The Democrat Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995. For those who are listening to liberals propagating the fallacy that everything is “Bush’s Fault”, think about this:
On January 3, 2007, the day the Democrats took control of Congress:
The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush’s Economic policies had SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!
Remember that day…?
January 3rd, 2007 was the day Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee. The economic meltdown that happened 15 months later was in what part of the economy?
BANKING AND FINANCIAL SERVICES! THANK YOU DEMOCRATS (especially Barney), for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac FIASCOES!
(BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie – starting in 2001 because it was financially risky for the US economy. Barney blocked it and called it a “Chicken Little Philosophy”, but…the sky did fall!)
And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA!!!
And who fought against reform of Fannie and Freddie? OBAMA and the Democrat Congress, especially BARNEY!!!!
So when someone tries to blame Bush… REMEMBER JANUARY 3rd, 2007…. THE DAY THE DEMOCRATS TOOK OVER!
Bush may have been in the car, but the Democrats were in charge of the gas pedal and steering wheel while they were driving the economy into the ditch. Budgets are not passed in the White House. They are passed by Congress, and the party that controlled Congress since January 2007 (until the 2010 election and the Republicans took the majority in the House) is the Democrat Party.
Furthermore, the Democrats controlled the budget process for 2008 & 2009, as well as 2010 & 2011. Obama has now gone more than 1,000 days without a budget, and is still blaming it on the Republicans! In that first year, Congress had to contend with George Bush, which caused them to compromise on spending when Bush, somewhat belatedly, got tough on spending increases.
For FY 2009 though, Nancy Pelosi and Harry Reid bypassed “Lame Duck President” George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budget. And where was Barack Obama during this time? He was a member of that very Congress that passed all of those massive spending bills, and he signed the omnibus bill as President to complete 2009. Let’s remember what the deficits looked like during that period:
If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.
If Obama inherited anything, he inherited it from himself and a Democratic Congress.
In a nutshell, what Obama is saying is: “I inherited a deficit that I voted for, and then I expanded that deficit four-fold since January 20th 2009.”
Of course, the left will do all they can to silence the truth, but as Jesus said in John 8:32, “…And you shall know the truth, and the truth shall make you free.”
“The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living.”
Shared by Sharon, with a few additions of my own.
You Can’t Fix Stupid….
….but you CAN vote ‘em out!
Buffett Rule 101
The Foundry
President Obama traveled to Florida yesterday to distract the nation from its real problems by laying out his case for the Buffett Rule, a plan to drastically raise taxes on successful Americans and small businesses. The core of his argument is that the rich aren’t paying their fair share. It makes for great populist rhetoric, especially when families are hurting and angry under today’s high unemployment, but the result is terrible policy. Worse, it’s a distraction from the big issues facing the nation, like the deficit, the economy, jobs, gas prices, health care, and on and on, none of which are addressed by the President’s proposals, and none of which he wants to talk about.
Will the President’s tax hike at least tackle the country’s fiscal problems? No, it won’t.
According to a recent analysis by the congressional Joint Committee on Taxation, the Buffett Rule would raise a mere $47 billion over ten years. Meanwhile, President Obama’s budget calls for adding $6.7 trillion to the national debt. That means that the Buffett Rule will only cover one half of one percent of the President’s new spending. Soaking the rich cannot get deficits down, only spending reductions can do that.
When it comes to the biggest problem America is facing — a weak economy and high unemployment — the Buffett Rule would weaken the economy and make matters worse. Heritage’s J.D. Foster and Curtis Dubay write that the tax would fall most heavily on job creators (who pay taxes at the individual rate) and confiscate their resources that would otherwise be used to start new businesses, grow existing businesses, and hire more workers. As a result, economic growth will slow down right along with job creation.
Playing Politics With OUR Money
Well, which is it? I’m getting a very sinking feeling…one I’ve had, day after day, after day, after day…starting on the night of November 4, 2008. We really are a nation of morons!
Without those evil rich folks, there would be no middle class. Is that Obama’s intent? To completely destroy those of us in the ‘middle class’. Personally, I don’t see myself of any ‘class’. I’m an American, and I want and need, what is best for the country as a whole. When the rich do well, the rest of us do well. With one exception….those who have been feeding off the teat of the taxpayers, from one generation to the next.
IF Mitt Romney is the nominee, and IF he is able to take the White House from the Marxist in chief, I expect to see a much quicker turn around in the economy, with private sector job growth. I say IF because I seriously doubt the unions, and that a foreign owned company (Spain) will let our votes actually count. Just who decided a foreign company could, or would, ensure that our elections would fair? This is a FOREIGN company…not a U.S. company, that, IMHO, would do its utmost to make sure ever vote counts. I am at the point where I don’t believe Obama will allow himself to be defeated, by whatever means necessary. There will be voter fraud out the wazoo, and of course, that useless piece of crap holding the highest law enforcement office in the land will turn a blind eye, just like he has done, time and time again. It wouldn’t surprise me one single bit if the head honchos at the DOJ are sitting in their ‘ivory towers’ right now, coming up with plans to basically steal the election from the American people.
Obama is not a leader. He is a campaigner. That’s what he does, day in, day out. He is incapable of reason and logic. He’s been campaigning since he managed to steal the Senate seat back in 2006, and evidently, he doesn’t know how to be a leader. All those ‘campaign promises’? Hot air from an empty suit. I was willing to give him a chance. Well, he had his chance, and he blew it! He has succeeded in one area though….the ‘blame game’. You see, none of his worthless policies have worked to turn the economy around, so, naturally, it’s someone else’s fault. “BUSH DID IT!” After 3 1/2 years, don’t you think it’s time for him to pull up his big boy pants, and take responsibility for his own actions?
To quote Charlie Sykes: Life isn’t fair, get over it! Everyone has the same opportunities to succeed. It’s our choice whether or not we make use of those opportunities. Success isn’t counted in dollar signs. Success is what you do with your life, if you are happy, if you have filled that huge hole in your life, if you share joy with others, if your respect yourself, and raise your children to be productive, to respect themselves, and look toward yourself to meet your own goals. THAT is success!
Apparently, the current occupant of the White House has never understood exactly what America, and Americans, stand for. He was not raised in the country during his formative years, and those ‘role models’ he had while growing up, obviously didn’t understand the concept of liberty whatsoever. They were incapable of understanding the principles taught in the Bible, and having a ‘pastor’ such a Jeremiah Wright was no help in setting him on the path of Truth. He obviously has no idea what the true meaning of both the Declaration of Independence, and the United States Constitution. The warped sense of self is great in ‘the ONE’. And he is obviously unfamiliar with the word ‘NO’.
Keep your powder dry!
H/T: Tena
This Is A “Recovery”?
Obama Economy Leaves Little Unchanged
The Foundry
America is at a crossroads. Today’s jobs report shows that two years into recovery the U.S. economy is still woefully underperforming, adding only 120,000 new jobs in March, about half the rate of job growth of the previous three months which were, themselves, somewhat disappointing for this stage of recovery.
Perhaps the most striking aspect of the jobs report is the extent to which the labor market was “little changed,” an impression the report returns to repeatedly. For example, the unemployment rate at 8.2 percent, still two full percentage points higher than the peak during the 2001 recession, was “little changed.” Other examples, with italics added:
- The number of unemployed persons (12.7 million) was “little changed in March.”
- “Among the major worker groups, the unemployment rate for adult men (7.6 percent), adult women (7.4 percent), teenagers (25.0 percent), whites (7.3 percent), blacks (14.0 percent), and Hispanics (10.3 percent) showed little or no change.”
- “The number of long-term unemployed (those jobless for 27 weeks and over) was essentially unchanged at 5.3 million in March.”
- “The civilian labor force participation rate (63.8 percent) and the employment-population ratio (58.5 percent) were little changed in March.”
- “In March, 2.4 million persons were marginally attached to the labor force, essentially unchanged from a year earlier.”
- “Among the marginally attached, there were 865,000 discouraged workers in March, about the same as a year earlier.”
Obama-Biden Seek To Kill MORE American Jobs
The Highest Taxes in the World
The Foundry
There aren’t many American-owned companies more iconic than Anheuser-Busch, the famous producer of Budweiser beer based in St. Louis, Missouri. That was true up until 2008, when the Brazilian-Belgian company InBev executed a hostile takeover of the historic brewer, leading to layoffs of more than 1,800 workers. Unfortunately, conditions in the United States are growing ripe for even more takeovers like these to occur, especially now that the nation’s corporate tax rate is officially the highest in the world.
As of yesterday, the U.S. corporate tax rate of 39.2 percent claimed the world’s top spot, edging out Japan which recently lowered its rate from 39.5 percent to 36.8 percent. (The U.S. rate includes the 35 percent federal rate plus the average rate the states add on.) That’s well above the 25 percent average of other developed nations. Heritage’s Curtis Dubay explains the impact on companies based in the United States:
This gaping disparity means every other country that we compete with for new investment is better situated to land that new investment and the jobs that come with it, because the after-tax return from that investment promises to be higher in those lower-taxed nations.
The Looming Doom
Fiscal Foolishness
A Budget to Save the American Dream
The Foundry
America’s fiscal condition is dauntingly dismal. The national debt is well on its way to $17 trillion, 13 million Americans are out of work, and the country is stuck in the slowest recovery in the post-war era. Despite Washington bleeding taxpayers dry with reckless overspending, the U.S. Senate has not passed a budget since nearly a year before Apple released the original iPad, leaving the country in a lurch, desperate for leadership in Congress that will bring bold changes and an end to the unconscionable pattern of spending and borrowing.
Last spring, America saw a bright spot emerge from the abyss when Budget Committee Chairman Paul Ryan (R-WI) introduced a budget resolution that confronted the twin crises of spending and debt head on. Ryan’s proposal, which passed the House, was a solid step in the right direction — his budget would have gotten spending under control, repealed Obamacare, transformed Medicare, and offered a solid approach to controlling Medicaid’s spiraling costs. Unfortunately, the Senate said “no,” and America watched Washington get stuck in gridlock last summer, only to emerge with a half-baked deal that postponed real reform and put our national security in jeopardy.
ObamaCare
For anyone who still thinks ObamaCare is such a great idea….
- It increases taxes on families earning over $250,000. In 2013, the employee portion of the Medicare payroll tax will increase from 1.45 percent to 2.35 percent for families earning $250,000 or more and individuals earning $200,000 or more. The income threshold is not indexed for inflation, so more and more middle-income families will be hit by the tax hike as time goes on.
- It adds a new tax to investment income. The increased payroll tax rate is also applied to high-earners’ investment income for the first time beginning in 2013. It will hit capital gains, dividends, rents, and royalties, discouraging investment and harming economic growth.
- It puts new limitations on those with HSAs and FSAs. Starting in 2012, Obamacare restricts the products that consumers may purchase with a Health Savings Account (HSA) or Flexible Savings Account (FSA)—such as over-the-counter medications—and increases the penalty for such non-qualified uses of HSAs. It also limits the amount taxpayers may deposit into an FSA to $2,500 a year in 2013.
- It adds a new tax on those who purchase medical devices. In 2013, a 2.3 percent excise tax will be applied to medical devices, causing a $28.5 billion tax hike on medical device manufacturers. The industry will pay for this tax by reducing jobs and passing additional costs on to consumers.
- It penalizes marriage. Obamacare creates new taxpayer-funded subsidies for the low and middle classes to purchase health coverage, but the structure of the subsidies allows two individuals to claim more in subsidies alone than if married. This discriminates against married couples and discourages marriage at almost all age and income levels.
- It violates religious liberty. The Department of Health and Human Services included the full range of contraceptives, including abortion-inducing drugs, among the women-specific preventive services that Obamacare requires insurers to include with no cost-sharing. This mandate violates Americans’ conscience rights and religious liberty. Its narrow exemption for religious employers will force many who find these products morally objectionable—including religious charities, hospitals, and schools—to pay for them.
- It puts Medicare decisions in the hands of an unelected board. The Independent Payment Advisory Board, a board of 15 unelected officials, will have the power to cut Medicare spending without congressional approval. These unaccountable government appointees will be able to restrict seniors’ access to providers, treatments, and services.
- It puts a premium tax on health insurers. Obamacare adds a premium tax on health insurers that offer full coverage beginning in 2014. On average, the tax is expected to increase premiums by 1.9 percent to 2.3 percent in 2014 and between 2.8 percent and 3.7 percent by 2023. Combined with the other provisions in Obamacare, this tax will have a huge impact on the cost of premiums.
- It creates a new unsustainable entitlement program. On top of Social Security, Medicare, and Medicaid, Obamacare created a new long-term care entitlement called the CLASS program. It is actuarially unsound, unworkable, and unsustainable. As a result, the Administration has already put its implementation “on hold.”
- It puts over half of all Americans on a government program. Because of Obamacare’s huge expansion of Medicaid and creation of taxpayer-funded subsidies to purchase health coverage, more than half of all Americans will be dependent on a government health care program (Medicare, Medicaid, or the government exchanges) by the end of this decade.
….please remove your head from Obama’s hind end! NOTHING is free!
Worst President EVAH!
The following are 35 shocking statistics that prove that things have gotten worse in America….
#1 Median household income in the United States is down 7.8 percent since December 2007 after adjusting for inflation.
#2 There are 5.6 million less jobs than there were when the last recession began back in late 2007.
#3 The U.S. government says that the number of Americans “not in the labor force” rose by 17.9 million between 2000 and 2011. During the entire decade of the 1980s, the number of Americans “not in the labor force” rose by only 1.7 million.
#4 In 2007, the unemployment rate for the 20 to 29 age bracket was about 6.5 percent. Today, the unemployment rate for that same age group is about 13 percent.
#5 In 2007, 73.2 percent of all young adults between the ages of 18 and 24 that were not enrolled in school had jobs. Today, that number has declined to 65 percent.
#6 Back in the year 2000, more than 50 percent of all Americans teens had a job. This past summer, only 29.6% of all American teens had a job.
