Why we can kiss the US economy goodbye - Heres Why....

Why we can kiss the US economy goodbye



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First, almost 50% of Americans have less than $500 in savings. Not surprisingly 1 out of 3 residents of Obama’s home state of Illinois live in poverty. A mind numbing 4 of 5 Americans are either experiencing poverty, foreclosure or welfare, or will in their lifetime. Four out of five.Say goodbye to the myth of the American Dream. It’s only a nightmare now.

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What about jobs? Isn’t that picture getting rosier by the minute?

Well actually, no. Let’s analyze the REAL numbers: Since the start of 2013 we’ve gained 953,000 jobs, but amazingly 731,000 of them are crummy low-wage part time jobs. That means almost 80% of the jobs created in Obama's America are part-time jobs that won’t pay the bills of an average middle class lifestyle.

High quality jobs under Obama they are losing out by 10 to 1 versus crummy low-paying jobs. Facts don’t lie: So far this year over 246,000 low-paying waiter or bartender jobs have been added to the U.S. economy, versus only 24,000 high-paying manufacturing jobs.

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Food stamp rolls are growing seventy-five times as fast as employment. The national debt has increased by 50% under Barack Obama. Obama promised to reduce health insurance bills for an average American family by $2,500 per year, instead your health bills went up by $3,000 per year.

Meanwhile, labor participation by men is at the lowest rate ever measured – since they started tracking it in 1948. And here’s the clincher: 90 million able-bodied, working-age Americans are not working.

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The city of Detroit’s downfall is built around four core ideas: never-ending entitlement spending, the most government employees per capita of any city in America, monstrous debt, and the highest property taxes in America.

But wait, isn’t that Obama’s exact prescription for the nation? High taxes, more spending, more debt, and more government employees. Bingo. Help isn’t coming folks. The cavalry isn’t riding in to save us. They are coming to destroy us.

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One last morsel of food for thought: The EU is in the middle of a Great Depression. Countries like Spain, Portugal, Italy, France, Greece and Cyprus face total disaster. Their economies are ruined for generations to come.

Yet America under Obama now has more debt than every country in the European Union-combined. Our country has more government debt than any country in the history of the world.

Say goodbye to the U.S. economy. It’s been nice while it lasted.

................More at the Link..............

It aint lookn very good....

We need sane leadership, or else America will become destroit....


What do you think?

 

Ah yes, the after-effects of "Trickle Down" economics. After DECADES of attempting (successfully) to dismantle our tax structure, letting our infrastructure rot, crushing labor rights, and actually encouraging companies to ship jobs oversees, the right is stepping back, looking it over, and screaming "SEE WHAT THE LIBRULS DID!!"

 

You must be young and don't know much about what the Clinton Admin signed into law.

 

Kucinich: Obama’s job czar expert at creating foreign jobs

Rep. Dennis Kucinich (D-OH) said Tuesday that it’s time for the head of the President’s Council on Jobs and Competitiveness to resign or be fired because he’s sending jobs to China.

In a press release last week, Kucinich noted that in his role as the CEO of General Electric, Obama job czar Jeffrey Immelt was sending advanced technology and U.S. jobs to China.

“Jeffrey Immelt has a conflict of interest,” the Ohio congressman said. “He cannot ethically advise the President on how to create American jobs and promote American competiveness, while at the same time leading a company that is exporting American technology and, along with it, American jobs.”

Kucinich told CNN’s Ali Velshi Tuesday that it did not make sense for Immelt to continue working for the president.

“He has expertise in job creation, but, unfortunately for the United States, seems to be creating jobs in other countries. One-fifth of the U.S. work force has been eliminated since that gentleman had taken the helm of GE,” Kucinich explained.

“If the White House doesn’t have a jobs policy and they go to somebody who is not only moving his jobs out of the country, but also off-shoring profits so he is not paying a share of the taxes GE ought to be paying, look, the White House has to get a grip on its jobs policy.”



Its time to put down the bong and take a long look in the mirror.....

 

Or what the Reagan administration signed into law. Or what the Bush administration signed into law.

The sooner people realize that allowing corporations to steal the livelihood from America is a BIPARTISAN effort, and that BOTH parties have been working in tandem, in perfect coordination, to do this, the better off we'll be.

Identifying any politician who is part of the problem is good. Excusing one particular half of the problem and continuing to cast votes for them, will FURTHER destroy the country.

 

Austerity 101

There is nothing conservatives love more then destroying jobs and making people poor!!

 

obama threw a trillion dollars of "stimulus", in the trash can, and your crying about a reduction in a spending increase???

Where are your priorities?

 

Does your reference from Faux News have an explanation why the markets starting with the DOW are breaking all time records highs?

ROTFLMAO

Best Regards

Lobato1

 

You got it!!! The president's policy of using stimulus dollars to send jobs and money to China don't do that at all.

http://abcnews.go.com/WN/obama-stimulus-money-spent-overseas/story?id=10002592

http://www.thenewamerican.com/usnew...-stimulus-funding-goes-abroad-outsources-jobs

We just need more 'stimulus'.

 

Record highs for Foodstamps too ! For foreclosures !! For the wealth gap !! You left those out.

Go Obama !!!

 

I think America will have a huge economy for generations to come. The question is how much of the population will benefit from it.

 

That money's not in the trash can. That money is sitting safely in the tax-haven off-shore bank accounts of his corporate buddies.

 

[video=youtube;EAHM9rXjdUo]http://www.youtube.com/watch?v=EAHM9rXjdUo[/video]






You can't have a welfare state AND send your manufacturing base to Asia. A welfare state relies on a great deal of economic growth.

Bill Clinton cut the throats of the American working class and they are about bled out. Obamacare is the final nail in the coffin by forcing many low wage workers to less than 30 hours a week.

Chaos is certain, and we all know who likes chaos.....

[video=youtube;Rs6TgitlNIA]http://www.youtube.com/watch?v=Rs6TgitlNIA[/video]

 

Its odd that for the RIght, the trillion dollar bailout was no problem to pass and spend overnight, but a trillion dollars to provide day to day jobs for workers is money "into the trash can".

Its nice to see what the Right thinks of regular American workers - they are the "trash can".

 

None of that went to the workers! Both the republican and democrat bailout/stimulus (thievery is a better word) went straight to the corporations as taxpayer funded corporate welfare handouts, which they then pocketed and stuck into their offshore, (tax-free) bank accounts.

The republicrats have been ROBBING the workers. Do you want to explain why inflation has skyrocketed, while wages have stagnated, and poverty/food stamp use has only increased? Because these politicians have done nothing but (*)(*)(*)(*) on the workers and the people. They tell you they are making jobs by wasting your money, but they are LYING.

Look at the auto manufacturer "bailout".. We gave loads of money to the auto companies, and what did they do? They shipped their manufacturing jobs overseas to China, and closed many plants. Now look at Detroit. once a city of 2 million or more, now 700k. A ghost town, with few jobs, and wallowing in poverty.

BOTH YOUR REPUBLICANS AND DEMOCRATS ARE ROBBING YOU.

If you think there's a difference between Bush's "stimulus" and Obama's "bailout" then you need to wise up. It's all the same agenda. Rob from the poor and give to the rich.

 

You must be talking about the temporary stimulus jobs Obama says are good, but scoffs at thousands of jobs the Keystone pipeline would produce by a private company. Is that the jobs you are talking about Dave?

The reality Dave is Atlas Shrugged, you should try with an open mind to watch both episodes, because it will clearly show where "the fair share" really goes. It is sad you liberals don't see what happens to a society when the government tries and control every aspect of your lives, but just hang in there Dave, you will. Ayn Rand had described it absolutely correct with her Objectivism philosophy.

 

But look at the great things "trickle down" has accomplished. The richest 1% now take 20% of the nation's income and have 40% of the nation's wealth, double from just 30 years ago.

Thank goodness we have the Tea Party Republicans to protect their interests, right?

PS in 2013 the economy has generated over 1.350 million jobs and only about a quarter million are part time for economic reasons. But don't let truth get in the way of your rant.

 

You think this has helped?

Obama
Spending increase, 2009-2012: +0.6%
Total Government employment, 2009-2012: -730,000

Compared with:

Reagan
Spending increase, 1981-1984: +25.6%.
Total Government employment, 1981-1984: -27,000

Bush
Spending increase, 2001-2004: +23.0%
Total Government employment, 2001-04: +703,000

We need some sane leadership. Get the obstructionists out of the House.

 

Trickle down doesn't work when your Democrat president allows businesses to move to China to avoid high US corporate income tax and regulations.

Obama and the Democrats have certainly protected bankers and crony globalist capitalists. You do realize that many of your Democrat leadership are very rich, right?

How many are part-time over all? Most of them, right? Thanks Obamacare!!

 

You display great ignorance on the TEA Party. Who told you the TEA Party is for Crony Capitalism?

[video=youtube;3A_q831Ldrs]http://www.youtube.com/watch?v=3A_q831Ldrs[/video]

By the way, the ZIP CODE that was the largest DONOR to Barack Obama by far was 10005. Do you know what that is the ZIP CODE for?

 

Your Republican president candidates do the same thing and you your Republican congress does too. And lock in the lowest taxes for these so-called "job creators" so they can keep much more of that profit and stick it in their off shore bank accounts while the economy falters.

The can't hold a candle to the Republicans when it comes to pandering the 1%. It wasn't Obama who blocked the millionaire tax.

Not even close.

Since Jan 2010, 7.3 million new jobs have been added.

Of that increase, 200k have been part time for economic reasons. 600k have been part time for non-economic reasons, because the person chose to work part time.

The rest are full time.

 

That is so irrational that anyone with common sense will stop reading right there.

 

If you knew anything about the stock market you would know that Ben is pumping 85 BILLION into it every month. Every month!!! That is the biggest reason it is at an all time high.

 

You better think again:

Study Shows 33 Percent Of Illinois Residents Living In Poverty

http://chicagoist.com/2013/01/17/study_shows_33_percent_of_illinois.php