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Steve

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#9 When Barack Obama first took office, the number of "long-term unemployed workers" in the United States was approximately 2.6 million. Today, that number is sitting at 5.6 million.


#11 According to Reuters, approximately 23.7 million American workers are either unemployed or underemployed right now.

#12 There are about 88 million working age Americans that are not employed and that are not looking for employment. That is an all-time record high.

17 According to author Paul Osterman, about 20 percent of all U.S. adults are currently working jobs that pay poverty-level wages.

5.6,... 23.7,... 88 million or about,.. 117.3 million...
but hey,.. the unemployment rate has almost dropped to the point it wasn't supposed to reach...

#14 Back in the year 2000, about 20 percent of all jobs in America were manufacturing jobs. Today, about 5 percent of all jobs in America are manufacturing jobs.

#15 The United States has lost an average of approximately 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.

#16 Amazingly, more than 56,000 manufacturing facilities in the United States have been shut down since 2001.

I guess normalizing trade with china wasn't such a good idea?

#18 During the Obama administration, worker health insurance costs have risen by 23 percent.

#19 An all-time record 49.9 million Americans do not have any health insurance at all at this point, and the percentage of Americans covered by employer-based health plans has fallen for 11 years in a row.

filed under liberal ideals don't work...
#24 The number of children living in poverty in the state of California has increased by 30 percent since 2007.

#25 According to the National Center for Children in Poverty, 36.4% of all children that live in Philadelphia are living in poverty, 40.1% of all children that live in Atlanta are living in poverty, 52.6% of all children that live in Cleveland are living in poverty and 53.6% of all children that live in Detroit are living in poverty.

#29 If you can believe it, 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.

#46 The amount of money that the federal government gives directly to Americans has increased by 32 percent since Barack Obama entered the White House.

#51 During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.



Bad news, eh?

But it isn't just our economy that is decaying.

We are witnessing a tremendous amount of social decay as well. As I wrote about the other day, America is rapidly decomposing right in front of our eyes.

When the water level of a river drops far enough, it will reveal rocks that have been hidden from view for a very long time. Well, a similar thing is happening in America right now. For decades, our debt-fueled prosperity has masked a lot of the social decay that has been going on.

But now that our prosperity is evaporating, a lot of frightening stuff is being revealed.

Unfortunately, another major financial crisis is rapidly approaching and economic conditions in the United States are going to get a lot worse.

So what is our country going to look like when that happens?
http://theeconomiccollapseblog.com/archives/55-interesting-facts-about-the-u-s-economy-in-2012
 

Steve

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#1 An increasing number of unemployed Americans have become so desperate that they have started to look for work overseas. For example, the number of Americans that are submitting applications for temporary work visas in Canada has approximately doubled since 2008.

are they hiring more border agents yet? can Americans apply?

#7 The percentage of Americans that are working low paying jobs continues to relentlessly march upwards. Back 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.

#10 Median household income has fallen for three years in a row.

#20 The number of small businesses continues to fall.

The number of "self-employed" Americans continues to rapidly shrink. According the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006. Today, that number has shrunk to 14.5 million. Even though we have 14 million unemployed people in this country and jobs are incredibly difficult to come by, the number of people trying to work for themselves continues to decrease because the environment for small businesses in this country has become so incredibly toxic.

#21 American consumers have become tremendously pessimistic. According to one recent survey, 61 percent of all Americans believe that they will not return to their "pre-recession" lifestyles until at least 2014. According to a different recent survey, 39 percent of Americans actually believe that the U.S. economy has now entered a "permanent decline".

#24 When Barack Obama moved into the White House, the average price of a gallon of gasoline in the United States was $1.83. Today it is $3.58.

#25 The number of Americans living in poverty grew by 2.6 million last year. That was the largest increase since the U.S. government began calculating poverty figures back in 1959.
http://theeconomiccollapseblog.com/archives/30-signs-that-the-u-s-economy-is-about-to-go-into-the-toilet
 

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