Saturday, April 28, 2012

25 Horrible Statistics About The U.S. Economy That Barack Obama Does Not Want You To Know

Michael Snyder, Contributor
Activist Post

The human capacity for self-delusion truly is remarkable.  Most people out there end up believing exactly what they want to believe even when the truth is staring them right in the face.

Take the U.S. economy for example.  Barack Obama wants to believe that his policies have worked and that the U.S. economy is improving.  So that is what he is telling the American people.  The mainstream media wants to believe that Barack Obama is a good president and that his policies make sense and so they are reporting that we are experiencing an economic recovery.  A very large segment of the U.S. population still fully supports Barack Obama and they want to believe that the economy is getting better so they are buying the propaganda that the mainstream media is feeding them.

But is the U.S. economy really improving?  The truth is that it is not.

The rate of employment among working age Americans is exactly where it was two years ago and household incomes have actually gone down while Obama has been president.  Home ownership levels and home prices continue to decline.  Meanwhile, food and gasoline continue to become even more expensive.  The percentage of Americans that are dependent on the government is at an all-time record high and the U.S. national debt has risen by more than 5 trillion dollars under Obama.  We simply have not seen the type of economic recovery that we have seen after every other economic recession since World War II.

The horrible statistics about the U.S. economy that you are about to read are not talked about much by the mainstream media.  They would rather be "positive" and "upbeat" about the direction that things are headed.

But lying to the American people is not going to help them.  If you are speeding in a car toward a 500-foot cliff, you don't need someone to cheer you on.  Instead, you need someone to slam on the brakes.

The cold, hard reality of the matter is that the U.S. economy is in far worse shape than it was four or five years ago. We have never come close to recovering from the last recession and another one will be here soon.

The following are 25 horrible statistics about the U.S. economy that Barack Obama does not want you to know....

#1 The percentage of Americans that own homes is dropping rapidly.  According to Gallup, the current level of home ownership in the United States is the lowest that Gallup has ever measured.

#2 Home prices in the U.S. continue to fall like a rock as well.  They have declined for six months in a row and are now down a total of 35 percent from the peak of the housing bubble.  The last time that home prices in the United States were this low was back in 2002.

#3 Last year, an astounding 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed.

#4 Back in 2007, about 10 percent of all unemployed Americans had been out of work for 52 weeks or longer.  Today, that number is above 30 percent.

#5 When Barack Obama first became president, the number of "long-term unemployed workers" in the United States was 2.6 million.  Today, it is 5.3 million.

#6 The average duration of unemployment in the United States is about three times as long as it was back in the year 2000.

#7 Despite what the mainstream media would have us to believe, the truth is that the percentage of working age Americans that are employed is not increasing.  Back in March 2010, 58.5 percent of all working age Americans were employed.  In March 2011, 58.5 percent of all working age Americans were employed. In March 2012, 58.5 percent of all working age Americans were employed.  So how can Barack Obama and the mainstream media claim that the employment situation in the United States is getting better?  The employment rate is still essentially exactly where it was when the last recession supposedly ended.

#8 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

#9 In 1962, 28 percent of all jobs in America were manufacturing jobs.  In 2011, only 9 percent of all jobs in America were manufacturing jobs.

#10 In some areas of Detroit, Michigan you can buy a three bedroom home for just $500.

#11 According to one recent survey, approximately one-third of all Americans are not paying their bills on time at this point.

#12 Since Barack Obama entered the White House, the price of gasoline has risen by more than 100 percent.

#13 The student loan debt bubble continues to expand at a very frightening pace.  Recently it was announced that total student loan debt in the United States has passed the one trillion dollar mark.

#14 Incredibly, one out of every four jobs in the United States pays $10 an hour or less at this point.

#15 Household incomes all over the United States continue to fall.  After adjusting for inflation, median household income in America has declined by 7.8 percent since December 2007.

#16 Over the past several decades, government dependence has risen to unprecedented heights in the United States.  The following is how I described the explosive growth of social welfare benefits in one recent article....
Back in 1960, social welfare benefits made up approximately 10 percent of all salaries and wages.  In the year 2000, social welfare benefits made up approximately 21 percent of all salaries and wages.  Today, social welfare benefits make up approximately 35 percent of all salaries and wages.
#17 In November 2008, 30.8 million Americans were on food stamps.  Today, more than 46 million Americans are on food stamps.

#18 Right now, more than 25 percent of all American children are on food stamps.

#19 According to the U.S. Census Bureau, today 49 percent of all Americans live in a home that receives some form of benefits from the federal government.

#20 Over the next 75 years, Medicare is facing unfunded liabilities of more than 38 trillion dollars.  That comes to $328,404 for each and every household in the United States.

#21 During the first quarter of 2012, U.S. public debt rose by 359.1 billion dollars.  U.S. GDP only rose by 142.4 billion dollars.

#22 At this point, the U.S. national debt is rising by more than 2 million dollars every single minute. 

#23 The U.S. national debt has risen by more than 5 trillion dollars since the day that Barack Obama first took office.  In a little more than 3 years Obama has added more to the national debt than the first 41 presidents combined.

#24 The Federal Reserve bought up approximately 61 percent of all government debt issued by the U.S. Treasury Department during 2011.

#25 The Federal Reserve continues to systematically destroy the value of the U.S. dollar.  Since 1970, the U.S. dollar has lost more than 83 percent of its value.

But the horrible economic statistics only tell part of the story.

In communities all over America there is a feeling that something fundamental has changed. Businesses that have been around for generations are shutting their doors and there is a lot of fear in the air.  The following is a brief excerpt from a recent interview with Richard Yamarone, the senior economist at Bloomberg Brief....
You have to listen to what the small businesses are telling you and right now they are telling you, ‘Hey, I’m the head of a 3rd or 4th generation, 75 or 100 year old business, and I’ve got to shut the doors’ or ‘I’ve got to let people go. And if I’m hiring anybody back, it’s only on a temporary basis.’
Sometimes they do this through a hiring firm so that they can sidestep paying unemployment benefit insurance. So that’s what’s really going on at the grassroots level of the economy. Very, very, grossly different from what you’re seeing in some of these numbers coming out in earnings releases.”
All over the country, millions of hard working Americans are desperately looking for work.  They have been told that "the recession is over", but they are still finding it incredibly difficult to find anyone that will hire them.  The following example is from a recent CNN article....
Joann Cotton, a 54-year-old Columbus, Mississippi, resident, was one of those faces of poverty we met on the tour. Unemployed for three years, Joann has gone from making '$60,000 a year to less than $15,000 overnight.' Her husband is disabled and dependent on medicines the couple can no longer afford. They rely on food stamps, which, Joann says, 'is depressing as hell.'
Receiving government aid, however, has not been as depressing as her job search. Joann says she has applied for at least 300 jobs. Even though she can barely afford gas, she drives to the interviews only to learn that the employers want to hire younger candidates at low wages.
The experiences have taken a toll: 'I've aged 10 years in the three years that I've been looking for a job,' Joann told us. 'I want to get a job so I can just relax and exhale ... but I can't. After a while you just give up.'
Meanwhile, Barack Obama and his family continue to live the high life at the expense of the U.S. taxpayer.

Even many Democrats are starting to get very upset about this.  The following is from a recent article by Paul Bedard....
Blue collar Democratic voters, stuck taking depressing 'staycations' because they can’t afford gas and hotels, are resentful of the first family’s 17 lavish vacations around the world and don’t want their tax dollars paying for the Obamas’ holidays, according to a new analysis of swing voters.
It simply is not appropriate for the Obamas to be spending millions upon millions upon millions of U.S. taxpayer dollars on luxury vacations when so many Americans are deeply suffering.

But Barack Obama does not want you to know about any of this stuff.

He just wants you to buy his empty propaganda one more time so that he can continue to occupy the White House for another four years. 

This article first appeared here at the American Dream.  Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here.


This article may be re-posted in full with attribution.


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spirittoo said...

Stop calling them "main stream media" they are corporate news ... nothing more ... the internet is the main stream news now.

Anonymous said...

Unfortunately America is an "I've got mine, sucks to be you" kind of place.

People won't actually realize they've been worked over until they walk to the ATM and find that there's nothing left to withdraw.

Fortunately, that day will be here before October and then maybe everyone can get on the same page and vote both parties out.

Anonymous said...

No wonder this call post like this blogspam.

How many of these numbers on this list have anything to do with Obama's presidency?

How would these numbers be any different if McCain were president today?

How many of these numbers are consequencies of more than one present (and many of the previous ones republican)?

Look up the facts and make up your own mins. Don't worry, facts do not have a liberal bias!

Anonymous said...

Oh crap, I have to respond to the anony above. Don't blame Obama! He has noothing to do with it! It all happened before the anointed one who was going to heal the planet took up posing in the WH full time.

Read item #5 for starters: the unemployment was 2.6 million, now after almost four years of stimulus and recovery it is 5.3 million.

Obama is the biggest hoax every pulled on the American public. He is a republican, neo-liberal creature of banksters. If you think the first four years were bad, and I do, wait til you see his second term when he doesn't have to worry what the brain dead left thinks of him.

He has done N O T H I N G do improve life for ordinary Americans. Now he launches his African Americans for Obama campaign hoping they'll be sufficiently racist to not notice.

And yes, McCain was no real alternative any more than Mittens is, but that does nothing to make Obama's record any better. He stands on his own merits. I'd write in Nader, Paul or Beelzebub before I'd vote for Obama.

citizen ron says you need to f*cking wake up said...

the obama puppet is no better or worse than anything before him or what comes after. they're all puppets.

do yourselves a favor and forget about voting.

Anonymous said...

#23 The U.S. national debt has risen by more than 5 trillion dollars since the day that Barack Obama first took office. In a little more than 3 years Obama has added more to the national debt than the first 41 presidents combined."

This is technically correct but totally misleading. The new President always inherits the budget approved by the former President. The last Bush spending request ended in September of 2009, 8 months after Obama took office.

The end of the Bush signed budget saw a national debt of 11.8 Trillion (9/2009). Obama's first approved budget was 10/2009.

The debt is now 15.6 Trillion, or 3.8 Trillion new debt under Obama approved budgets (in 2 1/2 yrs).

Under Bush budgets, the debt rose from 5.8 in 9/2002 to 11.8 thru 9/2009. His budgets rose 6 trillion (starting with surpluses) or over 100%. In the 2.5 yrs of the Obama-approved budgets, the debt has risen $3.8 Trillion (about
35% increase).

So while the rate of increase is higher under Obama, so far he is $2.2 trillion less than Bush (in 8 yrs).

So it is not true that Obama is responsible for more debt than all Presidents in previous history.

That "honor" goes to his predecessor, as does the honor for most of the 25 economic bummers this article highlights.

Nunya Goddam-Bizness said...

Stop getting nervous. Forget about Obama, voting, political corruption, blah-blah...just do yourselves a favor and do the following:

Stock up on;

Ammo [assuming you've got enough brains to at least have a couple of pistols]

Food, toilet paper, asprins, whiskey, etc.

Silver rounds, gold

When the SHTF you'll be prepared. Remember - "chance" favors the prepared.

That is all.

Anonymous said...

If what you claim is true then Obama would have never been elected because people would have known his track record prior to the election.

Anonymous said...

I'm not a fan of Obama and his policies. In fact, I thoroughly dislike the guy but not because he's black or a Democrat but because he is, in fact, an elitist and corporatist just like the one before him and the one before him and the one before that one and...well, y'all get the point.

Having said that, here's my question (which echos that of Anon #2), if McCain had "won" the 2008 election, would the country be in better shape today? Now, think hard about what transpired in the 8 years prior to that before you let your knee do the talking.

Anonymous said...

I can't help but wonder if any of this disaster has anything whatsoever to do with the other disaster that took place circa 2000-2008. If memory serves me right, that particular disaster inherited a surplus in the budget, started two illegal wars of aggression & gave away trillions of the taxpayers money to the rich in Wall Street. One has got to wonder that if only in passing.

Now, what do you think McCain & Palin would have done to remedy all this, huh?

Anonymous said...

When one makes statements like this one: "The human capacity for self-delusion truly is remarkable. Most people out there end up believing exactly what they want to believe even when the truth is staring them right in the face." One ought to be careful not to dive into partisan politics immediately thereafter unless one wishes to be seen as a self-delusional hypocrite.

Just sayin'...

jackie cox said...

whats really going on, free trade and globalization does not work in a tyrannical world where the most populace enslave their citizens and use the free trade as a weapon to steal our manufacturing infrastructure and shutter our small business, the result of which removes the accrued taxtion to support our infrastructure.2 thngs have value in this world---food and the arms to keep it, we grow 1/3rd of the worlds food supply---lobbies bribe the lawyers, judges, politicians to overlook the very real slavery produced goods that supplies our nation, and is ending it

Bluestocking said...

With all due respect, have people already forgotten that the DJIA plunged to 10,365 barely two months before the election? And that the previous administration spent money like a drunken sailor on shore leave with comparatively few people bothering to make so much as a peep of protest?

Anyone who claims that the current state of the economy is all Obama's fault is gullible beyond belief, in denial, or simply lying through his or her teeth. A lot of the trends cited in this article began before Obama took office, so blaming these on him is a little disingenuous to say the very least...and expecting him to have solved all the problems with our economy, particularly given the state it was in when he inherited it, seems a little too much to ask.

Not only that, let's remember that it's actually the Legislative Branch and not the Executive Branch that is the primary driving force within our Congress deserves to be handed at least as much (if not more) of the blame for the poor state of the economy as the President does. After all, Congress is under no official obligation to merely follow the President's lead -- if they fail to exercise the powers they have, that can only be the result of choice on their part.

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