If you are one of the lucky ones that still has a job you have noticed how everything you touch is costing more for less……..you will notice that you are losing pay and benefits while Washington fiddles…..the economic fire is NOT good…..we have a dysfunctional system in the Capital but yet the politicians keep telling us just how good the economy will be if we will just buy into their schemes…….the truth is….it is all so much B*LLSHIT!
Sorry to do this to you and after you read this you may go on a Prozac search……Black Listed News writer Michael Synder has another set of reasons why…..why there is NOTHING good happening in our economy…..that’s right….you heard it right….NOTHING!
#1 A newly released National Federation of Independent Business polldiscovered that U.S. small businesses let go of more workers than they hired in June. Previously, the poll had registered four monthly gains in net jobs in a row. Some analysts believe that this may be another indication that the employment market is getting softer once again.
#2 Another newly released jobs report found that the number of job cuts being planned by U.S. employers increased by 11.6% in June.
#3 There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million people to the population since then.
#4 There are officially 6.2 million Americans that have been unemployed for more than 6 months. There are millions of others that have also been out of work that long but they have become so discouraged about looking for work that the U.S. government considers them “to no longer be in the workforce”.
#5 It now takes the average unemployed worker in America nearly 40 weeksto find a new job.
#6 Paychecks are not keeping up with inflation. In May, the average hourly wage in the United States was 1.6 percent lower than 12 months earlier.
#7 Food and gas prices have been absolutely soaring over the past year. McDonald’s, Hershey and Coca-Cola have all announced price increases this year. One recent survey found that 9 out of 10 U.S. workers do not expect their wages to keep up with soaring food prices and soaring gas prices over the next 12 months.
#8 There are disturbing indications that the business community expects the economy to slow down even more in the months ahead. For example, pre-orders for Christmas toys from China are way down.
#9 As of April, there were 6.39 million home loans in the United States that were either delinquent or in foreclosure. Included in that were 675,000 home loans that had not had a single payment made on them in two years.
#10 Approximately 28 percent of all home loans in the United States are currently “underwater”.
#11 Overall, American households are about 7.7 trillion dollars poorer than they were back in early 2007.
#12 As a percentage of GDP, the total amount of debt in the United States is now far higher than it ever has been in any other era of U.S. history. Things were not even close to this bad during the Great Depression.
#13 One of the key measures of consumer confidence in the United States has hit a seven-month low.
#14 According to Gallup, the percentage of Americans that lack confidence in U.S. banks is now at an all-time high of 36%.
#15 According to one recent poll, 39 percent of Americans believe that the U.S. economy has now entered a “permanent decline”.
#16 Another recent survey found that 48 percent of Americans believe that it is likely that another great Depression will begin within the next 12 months.
Maybe we should pull our heads out of our butts and realize that our beloved country is in serious trouble…..and all the partisan crap is doing NOTHING to help. Every plan to reduce the debt…..all I can say is do the MATH! The truth of any plan will come down to the math……
Depressed? You should be! It is the choices we all have made in the last 20 years that has gotten us to this place in economic history…..both parties have destroyed a once thriving economy…..and our choices for representatives has done nothing to make things better…..until Americans learn how to put the country ahead of personal little issues….this country is doomed and Prozac will NOT help.
Some of this was possibly caused by the uncertainty of a GOP-led congress to raise the debt ceiling. Many employers are unwilling to hire when the possibility this nation defaulting on its debt is looming.
Larry, this recession is ALL GOP…..now in a couple more years if can be blamed on Obama but for now it is all GOP……employers right now are too busy trying to such up other companies to hire and what is the first thing that happens when a company is taken over? Fire about 10+% of the employees….so all this money on hand is doing NOTHING but creating more unemployment…..
Interesting data. The most worrying thing in my opinion is that, by implication, something over 60% of Americans think the banks ARE trustworthy and the economy WILL recover!
That HAS to ring a few alarm bells about the average IQ, doesn’t it? Or is it simply that Fox is so persuasive they can convince most people that day is night and vice versa?
America is turning into another “Workers Paradise”.
It is turning into something….but Paradise is not what I had in mind….lol
Thats so depressing I dont think prozac will do as well as say… poison.
I agree, Prozac is not the answer – I’d suggest heading straight for the cocaine – things might seem better on that, eh? 😆
Quin, maybe we could get more done in Congress, huh?
It’s a distinct possibility… Then again, listening to some of the twats in goverment, they surely must already be high as a kite on some banned substance or other, don’t you think?
They are on the most addictive of all drugs…..POWER!
Good point, Phillip…..that would stop the pain, huh?
As an avid user of antidepressants I can safely say even that doesn’t help brighten the outlook.
Crapped on a perfectly good idea! LOL
As an avid user of anti depressants I can definitely say that does not help improve your outlook on the future.
It so good it had to be said twice….kinda like that fish…..mahi-mahi……..