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Feeling Depressed? 27 Depressing Statistics About The U.S. Economy That Will Make You Feel Even Worse
No little pills are going to fix these problems. - Ilene at Phil's Stock World
Courtesy of Michael Snyder: 27 Depressing Statistics About The U.S. Economy That Will Make You Feel Even Worse
If you know someone that believes that the U.S. economy is in great shape, just show that person the following statistics. But please don't show these statistics to anyone that is feeling depressed or that has just lost a job - it might push such a person over the edge.
The sad truth is that the U.S. economy is in the midst of a long-term decline and it is coming apart at the seams. Right now the Obama administration and the Federal Reserve are attempting to "paper over" our economic problems with massive amounts of government debt and paper currency, but in the end it is not going to work. When you analyze the numbers objectively, it leads to the inescapable conclusion that we are headed for another Great Depression.
That is a very depressing thought, but there is no denying that decades of debt and incredibly bad decisions are starting to catch up with us. The economic pain that is coming is going to be absolutely mind blowing.
It would be nice if our politicians and our business leaders suddenly started making incredibly wise decisions so that we could bring the U.S. economy in for a "soft landing", but the chance of that happening is so small that it is not even worth mentioning.
It is time for all of us to face up to the truth. In this day and age it is really easy to get caught up in the trap of feeling depressed, but once we understand exactly how bad our problems are it can be empowering because then we can start focusing on solutions.
The following are 27 depressing statistics about the U.S. economy that are almost too crazy to believe....
#1 The Obama administration projects that the federal budget deficit will be approximately $1,600,000,000,000 this year. Right now the Republicans and the Democrats are fighting tooth and nail over budget cuts. The Republicans are proposing to cut the budget deficit by 3.8%. The Democrats only want to cut it by 2.1%.
#2 The U.S. economy actually grew more between 1930 and 1940 than it did during the decade that recently ended.
#3 Over the last decade, the number of Americans without health insurance has risen from about 38 million to about 52 million.
#4 Agricultural commodities are absolutely soaring. The price of corn has more than doubled over the last 12 months. Considering the fact that corn is in literally thousands of our food products, that is a very frightening statistic.
#5 Between 1999 and 2009, real median household income in the United States declined by 5.0%.
#6 It is being estimated that total U.S. government debt will grow by 42 percent by the year 2015.
#7 According to the Pentagon, the cost of the first week of attacks on Libya was 600 million dollars.
#8 The average American now spends approximately 23 percent of his or her income on food and gas.
#9 According to the U.S. Energy Department, the average U.S. household will spend approximately $700 more on gasoline in 2011 than it did during 2010.
#10 It is being projected that for the first time ever, the OPEC nations are going to bring in over a trillion dollars from exporting oil this year. Their biggest customer is the United States.
#11 According to the Economic Policy Institute, almost 25 percent of U.S. households now have zero net worth or negative net worth. Back in 2007, that number was just 18.6 percent.
#12 China produced 19.8 percent of all the goods consumed in the world last year. The United States only produced 19.4 percent.
#13 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.
#14 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.
#15 U.S. home values have fallen an astounding 6.3 trillion dollars since the peak of the real estate market in 2005.
#16 According to RealtyTrac, one out of every 45 U.S. households was hit with a foreclosure filing in 2010.
#17 The number of homes that were actually repossessed reached the 1 million mark for the first time ever during 2010.
#18 New home sales in the United States set a brand new all-time record low in the month of February.
#19 Now home sales in the United States are now down 80% from the peak in July 2005.
#20 The financial condition of American families continues to deteriorate rapidly. In 2010, one out of every eight American families had at least one family member that was unemployed. That number was the highest it has been since the U.S. Labor Department began keeping track of that statistic back in 1994.
#21 There are now more than 6 million Americans that the government says have given up looking for work completely.
#22 According to the U.S. Bureau of Labor Statistics, the average length of unemployment in the U.S. is now an all-time record 39 weeks.
#23 Americans now owe more than $900 billion on student loans, which is also an all-time record high.
#24 Average household debt in the United States has now reached a level of 136% of average household income.
#25 According to the Federal Reserve, between 2007 and 2009 median household net worth in the United States fell by 23 percent.
#26 The Federal Reserve also says that median household debt in the United States has risen to $75,600.
#27 According to a recent article posted on the website of the American Institute of Economic Research, the purchasing power of a U.S. dollar declined from $1.00 in 1913 to 4.6 cents in 2009. Sadly, the Federal Reserve is working very hard to get rid of the little bit of purchasing power that the U.S. dollar has left.
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... me impersonating my brother ... "La - la - laaaa! Lalalaaaaaaaaaa! .....wudever."
Won't stop him from showing up on your doorstep WTSHTF.
This is dead on, things are even worse. We as a country is heading into a financial nightmare that is seen in very bad 3rd world nations. Just like the USSR broke up because they couldn't financially hold it together so will the US. Because a nation of 300 million is impossible to keep together if their standard of living was so high and later it is reduced by 75% or more.
Can't hold a nation of 300 million together when 150 million of them have, combined, the IQ of Bessie the Cow (Pelousy).
Are you suggesting that the propaganda machine isn't as powerful as it seems?
"But weese got a ful haid o' teeth tween usin ,
And six fangers on all the kids hainds !"
I suspect the real blame should lie on gene pool tampering .
Its a wonder most can pass a driving exam .
Sez who? New Guinea's held together for a long time. The new fashion's going to be a chicken bone across the nostrils. Afro hairdos too.
You left out, "There isn't going to be any NFL football this fall" ...
Reruns of dancing with the retards instead? More free internet porn? It worked pretty well for the staff at the SEC.
...as future historians shall no doubt write, this was that small spark that led to the conflagration and ensuing Civil War II
WHAT!?
#28 The Mad Hedge Fund Trader is still publishing his recycled name dropping rag.
That's it. Now I really am suicidal.
What we need now more than ever, is someone we can all agree to blame our woes on. Or maybe we have the chinese manufacture us a giant rug, so we can sweep our problems under it. Either plan would do.
Wait, you must be wrong... America is in a recovery! Obama fixed everything. Nothing but rainbows, unicorns, pixidust and puppies... in a blender. What was bad is now a hell of a lot worse.
Just wait until the foodstamps can't buy food (or malt liquor and cigarettes). The Escalades will be on the prowl...
TPTB grew the dependent class so big that now they have all of the votes they need as long as they keep promising more and make the worthless out to be victims. At least the heard will get thinned soon, unfortunately productive members of society will be lost as well.
It's... H E R D, sir...herd.....with spelling like this, no wonder you are in such a mess...tut tut
My apologies. SWYPE on my DroidX is finicky, I did not proof read before posting, and I went to public schools. I am not a mess, just passionate about the subject since it directly affects me. I will be better off than most since I have at least some beans, bullets, and band-aids set aside. Far from what I would like to have stocked but it's what I can afford on my modest budget.
Food is overrated -so what, we skip a few meals a week, fast on fridays, and eat less meat. As long as we can watch American Idol, dancing with the Retards, and have plenty of booze and access to porn on the internet we should survive.
I I I I I'm stayin alive!!!
Ah yes, porn... The sixth food group.
revolution coming soon, its not going to be pretty.
Yeah right!
Let's see....
-Americans freak out if they have to go more than 3 hours without a cell phone.
-They're terrified of people who live in caves on the other side of the planet.
-They don't eat food if it falls on the floor.
-They think that sitting on a public toilet seat might kill you.
-They spend more money on cosmetic surgery than they do on savings.
-They have men that wear make-up and tweak their eyebrows... and are STRAIGHT!
- They know more about past and current American Idol contestants than they do their own rights.
- Show up to job interviews with multiple facial piercings and tatoos and then wonder why they can't get a job.
These people... THESE PEOPLE... are going to stand up to rows of tanks?
Are you out of your friggin mind?
But, but, but whaddabout American Exceptionalism?
We are still exceptional at putting people in jail and making good bombs. The rest, ahem, not so much anymore.
It's a shame we don't use the latter to keep OPEC in line with dropping the price of oil.
Now, now, don't be downcast, you are still great at burning oil........!
Except for Libs, it still exists.
Yes, we have some exceptional fascists.
Is this a bad time to buy a new car?
In a year you'll get a free Chevy Volt courtesy of Government Motors.
Giving them away will cost less than storing them on dealer lots.
Yeah but by then, the price of gas will be so high, that most people will use their free car to live in.
Stay within your salary / budget and there are a lot of cars at 0% financing. Used hybrids are a great value if you have another car payment currently.
Depends on if you're betting on inflation or stagflation.
Why no good sir, it is an excellent time to buy a $41,000 Commie, I mean Chevy, Volt. Bad credit, no credit - No Problem, we lend to anyone!!! You even get a tax rebate!
No go and be smug with your new power-wheel sized ride. Soon all of the progressive hotties like Janet Napolitano will be attempting to mate with you cause you drive that sweet thang. Remember if you care enough about the environment and neglect science, you are better than everyone else and can freely dictate how others should live their lives...
Disclaimer: Distance varies based on temperature, occupants, how fat your ass is, if any wind resistance exists, if you hurt the car's feelings, if you fart in the car, well hell it fucking sucks and only retards buy a car "engineered" by a bunch of lawyers and adjunct professors.
I pulled one of those golf carts off my lawn the other day. Pulled it sideways up a hill with my 99' F350 7.3 ltr 4 wheel drive Supercrew cab dually, Lariat.
15 mpg but haven't missed a days work since I bought it.
I've received comments like.."little excessive don't you think?"
Hey, it keeps up with me.
oh yeah? well i crushed a bio rice burner with my 100' F 450 7.12 FIVE wheel drive HyperScrew™ while taking video from the bridge of the damn thing
I am fond of my Suzuki Swift. 30+ mpg without even trying. Hauls my 50 gallon water tank just fine.
So as along time truck driver with a class one, semi trailer licence in Canada, and maybe a million miles on the clock let me ask you something. What are the duallys for? Extra sex, the truck is overweight long before you need more tire.
(insert WB7 pic of pooch hooked up to a red Radio Flyer)
#28 Mentioning any of these facts to the average American results in an eye roll and an "Oh geez, not this again. Everything is going to be fine".
Just tell then the usd is decreasing in value compared to the euro and yen. That is about the only thing that makes them go "oh fuck". (once in a while the fact we're going to run out of food works too)
Tell them whatever you want... they don't believe you anyways. They don't like to talk about "politics."
At this point... I say fcuk 'em!
People who can't be bothered to pay attention to things that actually matter, and not Dancing with the Stars, deserve what they get. We might have avoided all this crap had even 10% of people been inclined to give a damn.
There's a saying where I come from... "People get the government that they deserve."
Enjoy your feudalism peasants!
Your saying is only half true; viz., it is only true for some. It is not true for me. In my case ... I get the kind of government that they deserve.
Yeah... I feel ya. I live here too.
For now...
#28: It's president wasn't born in the US. (just kidding)
What are y'all going to do without Beck?
Let's keep it at 27
after all, that's the age all good rockstars die
I am going to sell all of my monster boxes and become a recluse Morman monk.
Beck? Who's that?
Beck = Loser http://www.youtube.com/watch?v=YgSPaXgAdzE
"In the time of chimpanzees I was a monkey"
Ron Paul 2012!
He is going to win!
Debtless asks -
What are y'all going to do without Beck?
Beck is'nt going anywhere, certainly not away.
He made 40 million last year agravating libs.
He'll probably make 50 million this year.
Remember, 2012 coming up quick!
Beck thinks if all the christians link arms the tectonic plates will stop moving.Even god will tell you that is some stupid shit.
beck is moving to streaming video where is audience numbers will go parabolic. Cable/Satellite has become obsolete.