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75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe

Tyler Durden's picture




 

Compiled by Michael of Investment Watch blog,

What a year 2012 has been!  The mainstream media continues to tell us what a “great job” the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class.  It is imperative that we educate the American people about the true condition of our economy and about why all of this is happening.  If nothing is done, our debt problems will continue to get worse, millions of jobs will continue to leave the country, small businesses will continue to be suffocated, the middle class will continue to collapse, and poverty in the United States will continue to explode.  Just “tweaking” things slightly is not going to fix our economy.  We need a fundamental change in direction.  Right now we are living in a bubble of debt-fueled false prosperity that allows us to continue to consume far more wealth than we produce, but when that bubble bursts we are going to experience the most painful economic “adjustment” that America has ever gone through.  We need to be able to explain to our fellow Americans what is coming, why it is coming and what needs to be done.  Hopefully the crazy economic numbers that I have included in this article will be shocking enough to wake some people up.

The end of the year is a time when people tend to gather with family and friends more than they do during the rest of the year.  Hopefully many of you will use the list below as a tool to help start some conversations about the coming economic collapse with your loved ones.  Sadly, most Americans still tend to doubt that we are heading into economic oblivion.  So if you have someone among your family and friends that believes that everything is going to be “just fine”, just show them these numbers.  They are a good summary of the problems that the U.S. economy is currently facing.

The following are 75 economic numbers from 2012 that are almost too crazy to believe...

#1 In December 2008, 31.6 million Americans were on food stamps.  Today, a new all-time record of 47.7 million Americans are on food stamps.  That number has increased by more than 50 percent over the past four years, and yet the mainstream media still has the gall to insist that “things are getting better”.

#2 Back in the 1970s, about one out of every 50 Americans was on food stamps.  Today, about one out of every 6.5 Americans is on food stamps.

#3 According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”

#4 According to one recent survey, 55 percent of all Americans have received money from a safety net program run by the federal government at some point in their lives.

#5 For the first time ever, more than a million public school students in the United States are homeless.  That number has risen by 57 percent since the 2006-2007 school year.

#6 Median household income in the U.S. has fallen for four consecutive years.  Overall, it has declined by over $4000 during that time span.

#7 Families that have a head of household under the age of 30 have a poverty rate of 37 percent.

#8 The percentage of working age Americans with a job has been under 59 percent for 39 months in a row.

#9 In September 2009, during the depths of the last economic crisis, 58.7 percent of all working age Americans were employed.  In November 2012, 58.7 percent of all working age Americans were employed.  It is more then 3 years later, and we are in the exact same place.

#10 When you total up all working age Americans that do not have a job in America today, it comes to more than 100 million.

#11 According to one recent survey, 55 percent of all small business owners in America “say they would not start a business today given what they know now and in the current environment.”

#12 The number of jobs at new small businesses continues to decline.  According to economist Tim Kane, the following is how the decline in the number of startup jobs per 1000 Americans breaks down by presidential administration

Bush Sr.: 11.3

Clinton: 11.2

Bush Jr.: 10.8

Obama: 7.8

#13 The U.S. share of global GDP has fallen from 31.8 percent in 2001 to 21.6 percent in 2011.

#14 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

#15 There are four major U.S. banks that each have more than 40 trillion dollars of exposure to derivatives.

#16 In 2000, there were more than 17 million Americans working in manufacturing, but now there are less than 12 million.

#17 According to the Pew Research Center, 61 percent of all Americans were “middle income” back in 1971.  Today, only 51 percent of all Americans are.

#18 The Pew Research Center has also found that 85 percent of all middle class Americans say that it is harder to maintain a middle class standard of living today than it was 10 years ago.

#19 62 percent of all middle class Americans say that they have had to reduce household spending over the past year.

#20 Right now, approximately 48 percent of all Americans are either considered to be “low income” or are living in poverty.

#21 Approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.

#22 According to one survey, 77 percent of all Americans are now living paycheck to paycheck at least part of the time.

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

#24 The average amount of time that an unemployed worker stays out of work in the United States is 40 weeks.

#25 If you can believe it, approximately one out of every four American workers makes 10 dollars an hour or less.

#26 According to the U.S. Census Bureau, an all-time record 49 percent of all Americans live in a home where at least one person receives financial assistance from the federal government.  Back in 1983, that number was less than 30 percent.

#27 Right now, more than 100 million Americans are enrolled in at least one welfare program run by the federal government.  And that does not even count Social Security or Medicare.  Overall, there are almost 80 different “means-tested welfare programs” that the federal government is currently running.

#28 When you account for all government transfer payments and all forms of government employment, more than half of all Americans are now at least partially financially dependent on the government.

#29 Barack Obama has been president for less than four years, and during that time the number of Americans “not in the labor force” has increased by nearly 8.5 million.  Something seems really “off” about that number, because during the entire decade of the 1980s the number of Americans “not in the labor force” only rose by about 2.5 million.

#30 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

#31 According to USA Today, many Americans have actually seen their water bills triple over the past 12 years.

#32 There are now 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

#33 Right now, approximately 25 million American adults are living with their parents.

#34 As the economy has slowed down, so has the number of marriages.  According to a Pew Research Center analysis, only 51 percent of all Americans that are at least 18 years old are currently married.  Back in 1960, 72 percent of all U.S. adults were married.

#35 At this point, only 24.6 percent of all jobs in the United States are good jobs.

#36 In 1999, 64.1 percent of all Americans were covered by employment-based health insurance.  Today, only 55.1 percent are covered by employment-based health insurance.

#37 Recently it was announced that total student loan debt in the United States has passed the one trillion dollar mark.

#38 If you can believe it, one out of every seven Americans has at least 10 credit cards.

#39 One survey of business executives has ranked California as the worst state in America to do business for 8 years in a row.

#40 In the city of Detroit today, more than 50 percent of all children are living in poverty, and close to 50 percent of all adults are functionally illiterate.

#41 It is being projected that half of all American children will be on food stamps at least once before they turn 18 years of age.

#42 More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012.

#43 If you can believe it, 53 percent of all Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed last year.

#44 The U.S. economy continues to trade good paying jobs for low paying jobs.  60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

#45 Our trade deficit with China in 2011 was $295.5 billion.  That was the largest trade deficit that one country has had with another country in the history of the planet.

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

#47 According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

#48 The U.S. tax code is now more than 3.8 million words long.  If you took all of William Shakespeare’s works and collected them together, the entire collection would only be about 900,000 words long.

#49 According to the IMF, the global elite are holding a total of 18 trillion dollars in offshore banking havens such as the Cayman Islands.

#50 The value of the U.S. dollar has declined by more than 96 percent since the Federal Reserve was first created.

#51 2012 was the third year in a row that the yield for corn has declined in the United States.

#52 Experts are telling us that global food reserves have reached their lowest level in almost 40 years.

#53 One recent survey discovered that 40 percent of all Americans have $500 or less in savings.

#54 If you can believe it, one recent survey found that 28 percent of all Americans do not have a single penny saved for emergencies.

#55 Medical costs related to obesity in the United States are estimated to be approximately $147 billion a year.

#56 Corporate profits as a percentage of GDP are at an all-time high.  Meanwhile, wages as a percentage of GDP are near an all-time low.

#57 Today, the wealthiest 1 percent of all Americans own more wealth than the bottom 95 percent combined.

#58 The wealthiest 400 families in the United States have about as much wealth as the bottom 50 percent of all Americans combined.

#59 The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percentof all Americans combined.

#60 At this point, the poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.

#61 Nearly 500,000 federal employees now make at least $100,000 a year.

#62 In 2006, only 12 percent of all federal workers made $100,000 or more per year.  Now, approximately 22 percent of all federal workers do.

#63 If you can believe it, there are 77,000 federal workers that make more than the governors of their own states do.

#64 Nearly 15,000 retired federal workers are collecting federal pensions for life worth at least $100,000 annually.  The list includes such names as Newt Gingrich, Bob Dole, Trent Lott, Dick Gephardt and Dick Cheney.

#65 U.S. taxpayers spend more than 20 times as much on the Obamas as British taxpayers spend on the royal family.

#66 Family homelessness in the Washington D.C. region (one of the wealthiest regions in the entire country) has risen 23 percent since the last recession began.

#67 If Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for about 15 days.

#68 During fiscal year 2012, 62 percent of the federal budget was spent on entitlements.

#69 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, approximately one out of every 6 Americans is on Medicaid.

#70 It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

#71 Medicare is also growing by leaps and bounds.  As I wrote about recently, it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.

#72 Thanks to our foolish politicians (including Obama), Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.  That comes to approximately $328,404 for each and every household in the United States.

#73 Amazingly, the U.S. national debt is now up to 16.3 trillion dollars.  When Barack Obama first took office the national debt was just 10.6 trillion dollars.

#74 During the first four years of the Obama administration, the U.S. government accumulated about as much debt as it did from the time that George Washington took office to the time that George W. Bush took office.

#75 Today, the U.S. national debt is more than 5000 times larger than it was when the Federal Reserve was originally created back in 1913.

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Fri, 12/21/2012 - 19:21 | 3088673 francis_sawyer
francis_sawyer's picture

Well... Just for kicks... Here's the essential pictorial...

~~~

http://www.zerohedge.com/news/2012-12-17/charting-us-debt-and-deficit-inception

Noteworthy:

- War of 1812 (Great Britain, funded by Rothschild's controlled BOE 'paper joobux' ~ which, co-incidentally occurred upon the occasion of the expiration of the 20 year charter of the FIRST BANK OF THE UNITED STATES)

- Assasination attempt on the life of Andrew Jackson (which, by sheer co-incidence, happened upon the expiration of the charter of the SECOND BANK OF THE UNITED STATES)...

- Assasination of Abraham Lincoln on the eve of the end of the US Civil War (whereby Lincoln had intended to continue the issuance of 'greenbacks')

1913 FED CHARTER passed in the dead of night on Christmas Eve

- Lusitania (false flag) ~ fostering US involvement into WWI

- Pearl Harbor (false flag) ~ fostering US involvement in WWII

- Gulf of Tonkin (false flag) ~ fostering a decade long involvement in Vietnam (which ended in US bankruptcy & cancelling of Bretton Woods)

- 9/11 (false flag) & the ongoing 'War on Terror', which, in the end is a masquerade for a Jewish land grab in the Middle East until all nations from the Suez Canal to the Tigris/Euphrates regions can fall under US/Israeli/Zionist control...

~~~

But remember people... It is francis_sawyer that you should direct your indignation towards... It's all my fault... I was the bastard who brought this all into being... I'm clearly delusional to think that those poor wacky jews could have had anything to do with any of this...

Fri, 12/21/2012 - 19:26 | 3088699 NotApplicable
NotApplicable's picture

Problem is, collectives are not individuals, so if you label ANY problem as the fault of a collective, you immediately discredit your own accusation, as even a child can point to an individual within the collective who is not guilty individually.

In other words, you're shooting yourself in the foot, so to speak. Remember, Mises was a Jew, as was Rothbard.

Fri, 12/21/2012 - 19:44 | 3088705 francis_sawyer
francis_sawyer's picture

Oh sorry... 'Mises' was a jew... That wipes the slate then... Back to even... Now ~ since we're BACK TO EVEN ~ I'll have to completely re-configure my thesis... I'm thinking about starting with the 'Trekkies', 'Birders', & 'Zumba Enthusiasts'... All of them look beady eyed to me [as well as hold powerful positions in banking, MSM, & political action groups]...

Fri, 12/21/2012 - 21:29 | 3089014 Michaelwiseguy
Michaelwiseguy's picture

Everyone knows Israel, Massad, and Zionists in our own government did 9/11.

The Insurrection intervention will be a marvelous event for the USA.

David Wilcock & Drake 2012-03-28 1-3 Mass Arrests

https://www.youtube.com/watch?v=e0BaAYt6vSQ

Sat, 12/22/2012 - 01:28 | 3089337 CrockettAlmanac.com
CrockettAlmanac.com's picture

The "everyone knows" part alone proves you to be delusional.

Fri, 12/21/2012 - 21:30 | 3089016 trav777
trav777's picture

what the fuck?

An individual case says NOTHING about a general one, moron.

The existence of an exception does not invalidate a general premise.

Fri, 12/21/2012 - 23:35 | 3089236 willwork4food
willwork4food's picture

Correct in the case that leans more and more to the biblical conspiracy that "Jews" were somehow special, deciding whether to use that gift for good or evil...and a number of them have chosen evil.

 

Sat, 12/22/2012 - 03:11 | 3089404 John_Coltrane
John_Coltrane's picture

"The existence of an exception does not invalidate a general premise."

With the exception of all scientific models, of course.  Only a single exception invalidates the entire model.  In general, all theories and/or models can only be falsified, never proven (hear that AGW climate modelers?).  This is the essence of the scientific method and its source of power.  So, you are completely wrong on this one.

QED

Fri, 12/21/2012 - 19:29 | 3088708 dick cheneys ghost
dick cheneys ghost's picture

Francis, dont forget about JFK. Two months after he was killed, LBJ recommened that silver be released from the coinage. By 1965, well you know what happened.

Fri, 12/21/2012 - 19:39 | 3088731 francis_sawyer
francis_sawyer's picture

Yeah man... I know all about that 'curious' part of the JFK assasination... The thing is this... As far as Kennedy is concerned... Just about EVERYBODY (it seems) wanted Kennedy dead [from the Mafia, to the CIA, to J Edgar Hoover, to the 'I can't remember his name' oil dude in Texas... I think his name began with an M]... So if you start to apply jew controlled central banking to the Kennedy assasination, dead end side streets start popping up...

I prefer to stick to the chart [which I linked], & the obvious KNOWNS surrounding those timeframes...

The trouble is: Folks don't tend to possess the scope to tie in HISTORY in such ways... Instead (on this thread), you'll read a bunch of numbnuts comments about irrelevant stats that have managed to be compiled during the Obama &/or Bush years...

The fact that there are #75 things listed on this post is a distraction... You only need to know ONE THING... & that THING is DEBT [&, of course, how it is brought into being, & what FORCES ar behind that]... 

Fri, 12/21/2012 - 20:47 | 3088900 New World Chaos
New World Chaos's picture

You're right about debt money being the biggest reason.  I think they gave the assassination order in response to Kennedy's executive order 11110 re: silver, but he had started pissing them off in many other ways.  The question is how did he pull the tentacles out of his brain in the first place?

In his book Flashbacks, Timothy Leary talked about Mary Pinchot Meyer, wife of a high-ranking CIA official.  She was part of a leftist conspiracy to turn on the Washington power elite.  She was a hottie, so they got her close to Kennedy.   She "turned him on" all right. 

She said this to Leary:  "They couldn't control him any more. He was changing too fast...They've covered everything up. I gotta come see you. I'm afraid. Be careful."  Within a year, she was murdered.

Sat, 12/22/2012 - 04:48 | 3089452 TPTB_r_TBTF
TPTB_r_TBTF's picture

.

 

You only need to know ONE THING... & that THING is DEBT [&, of course, how it is brought into being, & what FORCES ar behind that]... 

 

Those are *three*things*, not counting your ellipses. 

Your usage of ellipses indicate that "it" goes beyond "ONE THING".

Sat, 12/22/2012 - 08:16 | 3089520 Disenchanted
Disenchanted's picture

 

 

francis...two other factors you neglected to mention. JFK was against Israel obtaining nuclear weaponry, and Meyer Lansky's 'Cuban interests' were impacted by the failed BoP thing.

 

Meyer Lansky was also an ardent Zionist.

 

"For we are opposed around the world by a monolithic and ruthless conspiracy that relies on covert means for expanding its sphere of influence--on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations.


Its preparations are concealed, not published. Its mistakes are buried not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed." ~ JFK


This is a portion of the speech("The President and the Press") that President John F. Kennedy gave at the Waldorf-Astoria Hotel on April 27, 1961.

 

I think that portion of JFK's speech was directed at more than one recipient...the exoteric and the esoteric.

Sat, 12/22/2012 - 09:52 | 3089566 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"...to the 'I can't remember his name' oil dude in Texas... I think his name began with an M]..."

Murchison, Clint Murchison.

Sat, 12/22/2012 - 12:32 | 3089661 vast-dom
vast-dom's picture

it's true that the average jew is smarter than a homophobe racist anti-semite that gets his handle from a moronic homophobe racist anti-semite movie character. yes, that's a truism to the vitriolic false premises and delusions of grandeur in a comment section.

Sat, 12/22/2012 - 13:31 | 3089747 akak
akak's picture

Vast-dumb, did you send out all your Christmas cards and finish your Christmas shopping yet?

Better get on it --- time's a'wastin'!

Sat, 12/22/2012 - 02:58 | 3089395 Uber Vandal
Uber Vandal's picture

(which, by sheer co-incidence, happened upon the expiration of the charter of the SECOND BANK OF THE UNITED STATES)...

And the other coincidence people tend to miss, is how the national debt of the USA was about $35,000 at that time as well.

Andrew Jackson was exactly correct about the national debt being a"national curse."

He vowed to "pay the national debt, to prevent a monied aristocracy from growing up around our administration that must bend to its views, and ultimately destroy the liberty of our country."

Fri, 12/21/2012 - 23:45 | 3089252 Cash2Riches
Cash2Riches's picture

It is most definitely too disgusting to believe. Sadly and gladly I do believe, like many others that visit this site. At least we know and will be prepared. Keep stacking.

 

http://jimrickards.blogspot.ca/

Sat, 12/22/2012 - 00:51 | 3089312 Yen Cross
Yen Cross's picture

 Making an entity whole? Are you crazy?  It's all about (forbearance)...< Awesome post  T/I/S

Fri, 12/21/2012 - 18:57 | 3088618 ZeroSpread
ZeroSpread's picture

It's just an exponential fn, nothing to worry about bro ;)

Fri, 12/21/2012 - 20:05 | 3088811 Monedas
Monedas's picture

Where was this list before the election ?  If I knew all this I wouldn't have voted for Obama again !   I'm fuckin' witcha, bitch !

Fri, 12/21/2012 - 20:16 | 3088844 Kinskian
Kinskian's picture

Obama's the affirmative action President, so he's held to a lower standard.

Sat, 12/22/2012 - 09:54 | 3089570 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"Obama's the affirmative action President, so he's held to a lower standard."

He's held to no standard!

Fixed it.

Fri, 12/21/2012 - 20:30 | 3088867 Zap Powerz
Zap Powerz's picture

What America lacks is consequences.

We do all kinds of really stupid shit and nothing bad ever happens.....yet.

Fri, 12/21/2012 - 20:45 | 3088899 Nikao7
Nikao7's picture

Well said Zap...well said

Fri, 12/21/2012 - 21:54 | 3089082 DaveyJones
DaveyJones's picture

it's the arrogance of every empire and they usually implode.

Fri, 12/21/2012 - 21:41 | 3089039 AmCockerSpaniel
AmCockerSpaniel's picture

Has it accord to anyone beside me, that if we had all those jobs we let the 1% out source over seas, we would have the tax money to fund that "62 % of the federal budget was spent on entitlements"??? Does anyone want to repeal "Free Trade" yet?

Sat, 12/22/2012 - 04:55 | 3089455 TPTB_r_TBTF
TPTB_r_TBTF's picture

show your math and i might accord.

Fri, 12/21/2012 - 22:01 | 3089101 WT Sherman
WT Sherman's picture

Lighten up Francis....Sgt Hulka

Sat, 12/22/2012 - 11:54 | 3089662 CheapBastard
CheapBastard's picture

GDP = private consumption + gross investment + government spending + (exports ? imports)

 

 

https://en.wikipedia.org/wiki/Gross_domestic_product

 

Just in case.

Fri, 12/21/2012 - 18:49 | 3088598 NJBDeflator
NJBDeflator's picture

the irony of it all is that Obama inherited Bush's housing bubble, and the guy (or gal) after Obama is going to inherit the recovery, central bank bubble that Obama signed off on.

 

 

Fri, 12/21/2012 - 18:57 | 3088616 Translator
Translator's picture

Dear Lying Asshole,

 

 

When Obama and the Democrats took over the House and Senate in 2006, the unemployment rate was 4.7%. GDP was over 6%. Gasoline was $1.79 when Obowel became President. It sure didn't take the you lying, sniveling, socialist asshats long to fuck things up royal

Fri, 12/21/2012 - 19:23 | 3088690 mumbo_jumbo
mumbo_jumbo's picture

translator,

you sheep can sure be a real funny bunch!!

LOL,

Fri, 12/21/2012 - 19:36 | 3088723 falak pema
falak pema's picture

Obammy works for the Oligarchy. if u don't understand that u haven't learnt anything at ZH.

Oligarchy is NOT socialism; its the neoliberal 1%.

Fri, 12/21/2012 - 21:42 | 3089040 AmCockerSpaniel
AmCockerSpaniel's picture

So what choice did we have? The Oligarchy owns both parties!

Sat, 12/22/2012 - 04:58 | 3089456 TPTB_r_TBTF
TPTB_r_TBTF's picture

Ron Paul was promoted as a choice *in*every*single*thread*. Where were you?

Sat, 12/22/2012 - 11:40 | 3089651 Orly
Orly's picture

Dr. Ron Paul was busy buying his son a Senate seat in a State in which he'd never set foot.

Fri, 12/21/2012 - 22:43 | 3089178 Crtrvlt
Crtrvlt's picture

Fascism

Fri, 12/21/2012 - 19:45 | 3088753 fattail
fattail's picture

George W. Bush is the lying asshole who expanded the size, scope and power of the federal government and started the eradicatation of our liberties and freedoms.  That fucking retard did his damndest to increase the leviathan that is the federal government with no child left behind, the medicare prescription drug plan, a preemptive war in iraq for WMD that were not there, amnesty for illegal mexicans, the fucking department of homeland security, the transportation security administration, and oh yeah... he fucked up the afghanistan war, and never caught osama bin laden.

Remember when he said he was going to get the evil doers " dead or alive".  Was he just incompentent or just a lying asshole, or maybe both.

Remember when that mother fucker ran the first trillion dollar deficit, and three trillion dollar budget, and bailed out wall street and the big banks with fucking tarp.

Remember when he bailed out the auto industry?

The Reason the economy was doing so well in 2005-2007 was the enourmous bubble in the housing market the fed and the bush administration were blowing.  The savings rate was approaching 0%, and everyone was leveraging up.  It's not rocket science.  Gasoline was $4 a gallon in July of 2008 but less than $2 in 2009.  Was that because of Bush's policies....  Yes, yes it was.  Hell of a job Bush.

Who is suprised that Obama was going to grow the size of gov't??? Not me.

Who is suprised he is corrupt and giving government guaranteed loans and governement contract to his cronies and campaign contributers??? Not me.

Remember when bush said everyone should own their own home. What a dipshit, spoken like a true rich brat who had everything given to him and didn't have a fucking clue about the real world.

Bush did his part to fuck up this country, and he was supposed to know better. He said he was a fiscal conservative. Remember that compassionate conservative bullshit. What a liar.

Fri, 12/21/2012 - 20:20 | 3088849 Vendetta
Vendetta's picture

a lot of folks on ZH hate those rarely acknowledge those 'little' truths you mention as much of a scumbag obama is as betrayer-in-chief he has followed his predecessors' 'legacy' to the point of crossing the 't' s and dotting the 'i' s.

Fri, 12/21/2012 - 21:53 | 3089083 Umh
Umh's picture

Bush didn't start that stuff. He was just blatant about it.

Sat, 12/22/2012 - 03:25 | 3089418 John_Coltrane
John_Coltrane's picture

I believe you meant to write "Lynden Baines Johnson is the lying asshole who expanded the size, scope and power of the federal government and started the eradicatation of our liberties and freedoms.  (unless you don't think the "great society" programs and the Vietnam war which led to our collective bankrucptcy and subsequent abrogation of the gold standard wasn't a problem.)

And don't even get me started on the one worlder traitor Woodrow Wilson who allowed the creation of  FED in 1913, lied to get us into WWI, and initiated the income tax.  Bush actions, through also stupid and traitorous are inconsequention by comparision to Wilsons and are a distraction to sheep like you with no historical perspective.  There would have been no medicare to "expand" if not for the traitor LBJ. 

Sat, 12/22/2012 - 05:10 | 3089463 TPTB_r_TBTF
TPTB_r_TBTF's picture

You think "this" started with Bush? That other guy bashes Obama?  You need to scroll back up and read 3088673

There is nothing "new" happening around you.  You took the red pill, now open your eyes.

Fri, 12/21/2012 - 21:46 | 3089058 Seer
Seer's picture

Oh, look, another name-caller!

"GDP was over 6%"

Perpetual growth on a finite planet isn't possible.  Attempting to do so will ONLY result in mass failure.  So, one has to ask whether that "6%" is really a good thing.  Only the illiterate cannot see the exponential function at work... (and when it's running its course there's little that can done- either pull the plug or let it build into an explosive blowup; either way everything in the "modern" world screeches to a halt).

But, on the numbers, one could grab shit from during Clinton's reign and paint things real good (vs. Bush II).  Of course, this was all smoke and mirrors via Greenspan; smoke and mirrors continuing along until they pulled the plug during Bush II's reign (exact date 9/11/2001- the machine kept going by way of stored momentum, finally starting to come unglued in 2005 with the housing bust, and then seizing up in 2008 with the "financial crisis").

Fri, 12/21/2012 - 22:42 | 3089176 Crtrvlt
Crtrvlt's picture

You obviously don't know what a bubble is. Housing peaked in June 2006 several months before the dems took control of anything and gross derivAtive exposure increased 400% from 2001-2006. Gasoline was also 1.79 because it along with every other risk asset collapsed when everything went to hell sometime between 2006-2008. On yea and gas was at an all time high in July 2008. GDP decline 4% in q32008 9% in q42008 and 7% in q12009. The economy lost 850k jobs in dec 08 and another 4 MLn in the first 6 months of 2009. Obama is far from perfect but please go ahead and lay blame for a collapse that started in 1981 and fell apart years before he became president on him.

Sat, 12/22/2012 - 05:18 | 3089468 TPTB_r_TBTF
TPTB_r_TBTF's picture

Obama gets the blame for his communist agenda.  Obama wants the collapse to not only continue, but to be sped up, so that the communist agenda can be put forth.

Sat, 12/22/2012 - 07:07 | 3089513 WTFx10
WTFx10's picture

"Obama gets the blame for his Bankster agenda.  Obama wants the collapse to not only continue, but to be sped up, so that the Bankster agenda can be put forth.

Fixed for you.

He's only an employee just like the last one dont give them that much credit.

"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks." John Dalberg Lord Acton.

Guns dont kill Banksters, Debt slaves kill Banksters

Nbcnews has  picture of gun control protesters up on the website. Where are those Cops with the PEPPER SPRAY when you really need them? They must be in a FREE SPEECH ZONE?

WTF

Sat, 12/22/2012 - 11:04 | 3089633 TPTB_r_TBTF
TPTB_r_TBTF's picture

Whether you call them Communists or Banksters,

whether you call them Jews or Khazars,

Obama is their tool.

 

Unfortunately, any deep-down discussion of [Central Banking] involves the Jewish question. We cannot honestly discuss the subject without revealing—and commenting on—the fact that the founders of [Central Banking] were Jewish. Neither can we ignore the fact that all but a few of the top leadership of ... American [Central Banking]—...— are of the same ...

These are facts of history over which we have no control. But we are faced with the very serious problem of how to reveal these facts without being labeled—and treated—as "anti-Semites."

Paraphrased from here

Fri, 12/21/2012 - 23:38 | 3089241 BeetleBailey
BeetleBailey's picture

Fuck off with this "Obama inherited" shit. Saying that phrase alone makes you a complete dumb fuck shit eating douchsheeple.

OCuntus and Blow Job Joe were PART OF and CAUSED the MESS you asswipe. Wake up fucker....

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