b********n
发帖数: 38600 | 1 http://theeconomiccollapseblog.com/archives/26-incredible-facts-about-the-economy-that-every-american-should-know-for-the-trump-clinton-debate
#1 When Barack Obama entered the White House, the U.S. government was 10.6
trillion dollars in debt. Today, the U.S. government is 19.5 trillion
dollars in debt, and Obama still has several months to go until the end of
his second term. That means that an average of more than 1.1 trillion
dollars will be added to the national debt during his presidency. We are
stealing a tremendous amount of consumption from the future to make the
economy look much, much better than it otherwise would be, and we are
systematically destroying the future in the process.
#2 As Obama prepares to leave office, the rate at which we are adding to the
national debt is actually increasing. During the fiscal year that is just
ending, the U.S. government has added another 1.36 trillion dollars to the
national debt.
#3 It isn’t just the federal government that is on a massive debt binge.
Total U.S. corporate debt has nearly doubled since the end of 2007.
#4 Default rates on U.S. corporate debt are the highest that they have been
since the last financial crisis.
#5 Corporate profits have fallen for five quarters in a row, and it is being
projected that it will be six in a row once the final numbers for the third
quarter come in.
#6 During the month of August, commercial bankruptcy filings were up 29
percent compared to the same period a year ago.
#7 The rate of new business formation in the United States dropped
dramatically during the last recession and has hovered at that new lower
level ever since.
#8 The Wall Street Journal says that this is the weakest “economic recovery
” since 1949.
#9 Barack Obama is on track to be the only president in all of U.S. history
to never have a single year when the U.S. economy grew by at least 3 percent.
#10 In August, the Cass Freight Index dipped to the lowest level that we
have seen for that month since 2010. What this means is that the total
amount of stuff being shipped around the country by air, by rail and by
truck is really dropping, and this is a clear sign that real economic
activity is slowing down in a major way.
#11 Capital expenditure growth has turned negative, and history has shown
that this is almost always followed by a new recession.
#12 The percentage of Americans with a full-time job has been sitting at
about 48 percent since 2010. You have to go back to 1983 to find a time
when full-time employment in this country was so low.
#13 The labor force participation rate peaked back in 1997 and has been
steadily falling ever since.
#14 The “inactivity rate” for men in their prime working years is actually
higher today than it was during the last recession.
#15 The United States has lost more than five million manufacturing jobs
since the year 2000 even though our population has become much larger over
that time frame.
#16 If you can believe it, the total number of government employees now
outnumbers the total number of manufacturing employees in the United States
by almost 10 million.
#17 One study found that median incomes have fallen in more than 80 percent
of the major metropolitan areas in this country since the year 2000.
#18 According to the Social Security Administration, 51 percent of all
American workers make less than $30,000 a year.
#19 The rate of homeownership in the U.S. has fallen every single year while
Barack Obama has been in the White House.
#20 Approximately one out of every five young adults are currently living
with their parents.
#21 The auto loan debt bubble recently surpassed the one trillion dollar
mark for the first time ever.
#22 Auto loan delinquencies are at the highest level that we have seen since
the last recession.
#23 In 1971, 61 percent of all Americans were considered to be “middle
class”, but now middle class Americans have actually become a minority in
this nation.
#24 One recent survey discovered that 62 percent of all Americans have less
than $1,000 in savings.
#25 According to the Federal Reserve, 47 percent of all Americans could not
even pay an unexpected $400 emergency room bill without borrowing the money
from somewhere or selling something.
#26 The number of New Yorkers sleeping in homeless shelters just set a brand
new record high, and the number of families permanently living in homeless
shelters is up a whopping 60 percent over the past five years.
Despite all of the facts that you just read, the truth is that there is one
particular group of people that have been doing quite well during the Obama
years. I really like how Charles Hugh Smith made this point in one of his
recent articles…
The top 5% of households that dominate government, Corporate America,
finance, the Deep State and the media have been doing extraordinarily well
during the past eight years of stock market bubble (oops, I mean boom) and
“recovery,” and so they report that the economy is doing splendidly
because they’ve done splendidly. | h**********n
发帖数: 897 | | h*********t
发帖数: 822 | 3 Obama's legacy ass. Facts are colder than any warm spins. | l*******g
发帖数: 27064 | | M******e
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