70 Facts About Our Economy Obama Probably Doesn’t Want You To See

70 Facts About Our Economy Obama Probably Doesn’t Want You To See

from The Economic Collapse website:

Why is the economy going to collapse? Have you ever been asked that question? If so, what did you say? Sometimes it is difficult to communicate dozens of complicated economic and financial concepts in a package that the average person on the street can easily digest. It can be very frustrating to know that something is true but not be able to explain it clearly to someone else. Hopefully many of you out there will find the list below useful. It is a list of 70 numbers that show why we are headed for a national economic nightmare. So why does the title of the article single out Barack Obama? Well, it is because right now he is the biggest cheerleader for the economy. He is attempting to convince all of us that everything is just fine and that the economy is heading in a positive direction. Well, the truth is that everything is not fine and things are about to get a whole lot worse. Certainly others should share in the blame as well. Congress has been steering the economy in the wrong direction for decades, the "too big to fail" banks have turned Wall Street into a pyramid of risk, leverage and debt, and the Federal Reserve has more power over the financial system than anyone else does. Our economy has been in decline for quite a while now, and soon we are going to smash directly into an economic brick wall. Unfortunately, a lot of Americans are in denial about this. A lot of people out there doubt that an economic collapse is coming. Well, if you know someone that believes that the U.S. economy is going to be "just fine", just show them the list below.
source..

The Blaze has highlighted their "Top Ten"....

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• The price of gas – When Obama took office, a gallon of gas cost you $1.85. Today, it’s up to $3.59 per gallon (July’s rise was 17 cents a gallon).
  
  
• 71% of small business owners believe we’re still in a recession — Despite government claims that the recession actually ended years ago, a majority of small business owners feel very differently.
  
  
• You have to work 107 days each year just to pay Federal, State, & Local taxes – That means you don’t earn a penny until April 18th.
  
  
• More than 30% of unemployed Americans have been out of work for more than a year – In 2007, that number was 10%.
  
  
• Low income America – According to NBC News, virtually half of all Americans are considered to be “low income” or living in poverty.
  
  
• Propping up the economy by monetizing our massive debt — In 2008, the Federal Reserve bought “negligible” amounts of our debt, last year the Fed purchased 61% of the government debt issued by the Treasury Dept.
  
  
• Speaking of “no faith in the US Dollar” – The price of gold when Obama was inaugurated, $850 an ounce. Today, gold is over $1500.
  
  
• The disappearing family farm – In the mid-1930s, America had an estimated 6.8 million farms. Today, the EPA estimates that number to be right around two million (and getting squeezed more and more by constricting regulation).
  
  
• Another (bad) trade record set with China – In 2011, our trade deficit with China was almost $300 billion dollars. That is the single highest deficit that one country has had with another… ever.
  
  
• A stunning amount spent on stupid studies like Why do chimps throw their poop? – Almost $600,000 of your tax dollars was sent to the folks who studied chimpanzee poop tossing, plus $198,195 paid to find out if “tweeting” makes people happy…
  

see The Blaze article for supporting links...
70 Facts About Our Economy Obama Probably Doesn’t Want You To See

Full Senator Coburn pdf Report -- Dec 2011

OK.

"Justify" what "belongs" to Obama.

OR

What "belongs" to somebody else.

The "elections" are coming up real soon !!!

I want to cry...and throw my poop at some one.....

The democrats already claimed this economy as theirs, last year iirc. Wasn't it Biden who claimed it when he thought things were getting better? bammy has had over 3 1/2 years and things are just getting worse by the day. HE says "the economy is fine". At best he is out of touch, personally I believe he is a liar. Practically every single choice and decision he has made since taking office has hurt this country. He should resign or be removed for his obvious incompetence. That is, if you belive it is incompetence and not "malice aforethought".

1- I think it takes a bit more then a President to fix the mess our economy is in... I'm sure if Obama could wave a magic wand and fix everything with a simple wave, he would. Actually, thinking about that for a second, he probably STILL wouldn't..

2- I don't think Obama really cares, nor is truly working to "fix" our economy.. He's a wall street lawyer who plays for his masters.. the same ones the Republicans also work for.

3- Electing a Republican isn't gonna fix JACK. Maybe add a bit more fuel to the fire and quicken the wealth consolidation of the super-rich, but "fix" things? No, I don't believe that whopper for a second.. Things won't be like they were post WW2 for America, unless another World War broke out that destroyed Europe, and Asia, while completely leaving America's industrial strength completely in tact.

The rest of the world is quickly closing the gap, and surpassing the United States in production and technologies. The US had a HUGE leap after WW2, but things change, matter in constant motion and all. The American people also need to start doing a lot of work. We need to stop hoarding, and start spending, we need to PRODUCE. We need to get away from the Get Rich Quick economy the Americans want today, and, I dunno, start MAKING THINGS again.

It doesn't help that our education system has become a laughing stock, and our popular culture seems to promote blind materialism, anti-intellectualism, vanity, and a sense of self entitlement, with plenty of misogyny, and violence for flavor.

The Americans in power today definitely ain't your daddies leaders of our Post WW2 "boom", but the global situation as a whole is a lot different then it was back then, and hell, America was pretty much the leader of the Globalization push.. That bit us in the ass, didn't it?

Huh? I thought things were moving along quite nicely? Please excuse the sarcasm. I have gone on and on about the miserable situation regarding the economy with family and friends, and they give the text book answer, "We are in a recovery, and it is not a depression yet." I swear it is like talking to a brick wall. As long as they got their Olympics, sports teams, latest tabloid scandal, and sitcom TV things are great!

I suppose out of sight out of mind is better than realizing the truth and the serious problems affecting the economy? If the situations does not change? This mess is going to end up in the living rooms of those who have refused to read the writing on the wall. I know the economy is a train wreck. Getting others to see it is the hard part. Some think it is just going to get better by itself. That wisdom seems to be amiss at the moment. The ditch just continues to be dug deeper. OP, thanks for the punch in the stomach! The facts are the facts. No amount of pandering, reciting fairy tales, or padding the data is going to change it. It is what it is.

Obama is not in control of any of this. The POTUS is a symbolic figure. Also most of these issues were created during Republican administrations.

the poop thing sounds like a fiscal cover up,.
I wonder when obama is gonna sneak in some kind of
reason to have the tax payer cover his agenda to push gun controll and blame
it on the economy

I've always wondered why funding for stupid studies continues...If anything they should be privately funded and not by tax dollars!!

I have a bit of a unique perspective, as I'm involved in Commercial Construction. Things have actually been kind good, after the "crash" started effecting us. 2010 and 2011 were two of my best years since the early 2000's. I was involved in the construction of a hospital, which then lead to the construction of a casino, which then lead to the remodeling of another large casino.. and then.. Nothing. It's been grim for the past few months with NONE of the usual suspects willing to spend any money on new projects. And relief doesn't seem to be coming until after the summer, with only rumors of prospective projects just starting to be sketched out, but no funding, or awarding of contracts.

It's almost like in early '08, '07 all the purse strings seemed to pull shut at one time. Almost like synchronized swimmers. It's kinda spooky. Like they know something you don't.. (pro-tip: They do)

Maybe if there was a [color=limegreen]democrat majority in the house things would be different. Meaning the middle class and the economy would no longer be held hostage by the republican wealthy-coddlers, who are fighting TOOTH AND NAIL to keep the wealthy from paying their fair share in taxes.

Look at tax rate stats on the wealthy and how they directly effect the economy throughout recent history. Stats tell the story and right wingers try to avoid discussing that. The economy flourishes when the wealthy pay their fair share. When the rest of us have money to SPEND the money GROWS the economy. When the wealthy have it they STOCK-PILE it up. And how about those "JOB CREATORS"??? They have had their tax holidays for YEARS now so WHERE ARE THE JOBS???. Notice how awful the economy has been as well...

The super wealthy are not paying their fair share of taxes PERCENTAGE-WISE, and the already over-burdened rest of us will become MORE BURDENED if they dont start paying their FAIR SHARE PERCENTAGE-WISE soon folks!!!

What did Romney pay PERCENTAGE-WISE in taxes for that ONE year that he showed his tax records? WHAT A JOKE!!!!!!! No wonder he is HIDING THE REST of his records!!!!!!! The wealthy ARE NOT PAYING their fair share, and he is a perfect example.

The situation is still WAAAAAY better than had the fool who was in office before Obama been still in charge. If that fool was still in office, he would have set America to a third-world status. Which is exactly what Romney will do to the middle class if he got in...

Just dont mess with our 2nd amendment rights Democrats!!!!! Only TRAITORS are those who go after the 2nd Amendment!!!!! Keep your paws OFF our 2nd Amendment!!!!!!!

The price of gas – When Obama took office, a gallon of gas cost you $1.85. Today, it’s up to $3.59 per gallon (July’s rise was 17 cents a gallon).

Seeing as we get a majority of our oil from Canada, we should ask them why it's so expensive. We could ask the oil companies too I suppose. The top five have made $62.5 billion this year so far. Must be all those terrible government regulations holding them down.

71% of small business owners believe we’re still in a recession — Despite government claims that the recession actually ended years ago, a majority of small business owners feel very differently.

Well, a recession is classified as three straight months of negative stock prices so...if I 'feel' like they haven't done that that means it hasn't happened?

You have to work 107 days each year just to pay Federal, State, & Local taxes – That means you don’t earn a penny until April 18th.

I think that all depends on how much you make in the first place.

More than 30% of unemployed Americans have been out of work for more than a year – In 2007, that number was 10%.

The recession started in 2008...
"Things were so much better before the recession started!"

Low income America – According to NBC News, virtually half of all Americans are considered to be “low income” or living in poverty.

So let's elect the guy who wants to raise their taxes. While we're at it let's cut their benefits, moochers.

Propping up the economy by monetizing our massive debt — In 2008, the Federal Reserve bought “negligible” amounts of our debt, last year the Fed purchased 61% of the government debt issued by the Treasury Dept.

I got nothin'.

Speaking of “no faith in the US Dollar” – The price of gold when Obama was inaugurated, $850 an ounce. Today, gold is over $1500.

Fear sells. When fear sells so does gold and guns.

The disappearing family farm – In the mid-1930s, America had an estimated 6.8 million farms. Today, the EPA estimates that number to be right around two million (and getting squeezed more and more by constricting regulation).

Perhaps they were just bought out by larger farms and it had nothing to do with regulations? Show me one farm that shut down because of too many regulations.

Another (bad) trade record set with China – In 2011, our trade deficit with China was almost $300 billion dollars. That is the single highest deficit that one country has had with another… ever.

I'd lay the blame on American shopping culture as a whole rather than this or any other administration.

A stunning amount spent on stupid studies like Why do chimps throw their poop? – Almost $600,000 of your tax dollars was sent to the folks who studied chimpanzee poop tossing, plus $198,195 paid to find out if “tweeting” makes people happy…

This falls back to the classic 'government wastes money on things I think are stupid!' Conservatives have been dying for 30 years to eliminate the NEA...this is just like that. Waaaaahhhh!!!!

I'm sure the remaining 60 are just as straw-man arguments as these 'top' 10.

Not trying to be negative or underplay your thread here, as by the high count of your posts/threads you could have forgotten, but this is not a new "70 Facts About Our Economy Obama Probably Doesn’t Want You To See" list that has not already been posted on ATS. This was posted on 23-6-2012 by member Rocsgirl. (Thread here): 70 facts Obama does not want you to see,. I remember because I posted on that thread, as did you. The source you linked to sources to the exact same list. Again, not trying to "derail" or "troll" or "shill", just saying.

Originally posted by Novaroc
Not trying to be negative or underplay your thread here, as by the high count of your posts/threads you could have forgotten, but this is not a new "70 Facts About Our Economy Obama Probably Doesn’t Want You To See" list that has not already been posted on ATS. This was posted on 23-6-2012 by member Rocsgirl. (Thread here): 70 facts Obama does not want you to see,. I remember because I posted on that thread, as did you. The source you linked to sources to the exact same list. Again, not trying to "derail" or "troll" or "shill", just saying.

edit on 5-8-2012 by Novaroc because: (no reason given)

OOps !!

It looks like the other thread is similar.

Different source, but the same content.

thanks.

Edit:
I even commented on that thread myself !!