posted on Jan, 12 2014 @ 05:05 PM
reply to post by Bassago
The statistics make it clear, I do not see how anyone can make a real informed argument that the economy is getting better.
First off the Labor Participation rate (Number of Americans employed as a percentage of the working age) has been consistently dropping and is now as
low as in 1978, when a much larger portion of the female population was not seeking work. This is the only employment statistic that matters, any
other statistic is BS meant to obfuscate the truth. This statistic alone shows things are getting worse.
Second the amount on people on food stamps, and the amount of people on disability are also at all time highs. No reasonable person can interpret
this as good for the economy.
Third - and in my view by far the most important debt has not decreased at all on any level, it is in fact still increasing especially for our city
state and national governments. There is a limit, it is only a question of when we get cut off - not if we will get cut off. When we do get cut off
or at the very least interest rates spike tremendously now is going to seem like zanadu by comparison.
As far as inflation goes did you know that only .2 % - that is 2 tenths of one percent of a persons income is supposedly spent on health care
according to the CPI. If that does not tell you all you need to know about how believable the CPI is then you are an idiot.
The stock market increasing is really by far mostly impacting the wealthy since they own the vast majority of stock. Also the market is not trading
in a healthy manner, stocks of companies like facebook, netflix, and amazon are all vastly overvalued based on their profits. This is a bubble, and
history shows us just like in 1999 all of these bubbles eventually burst.
The evidence is clear the economy sucks, if you say it doesn't for you, that is fine, but you or your community don't represent America. Honestly I
myself am doing about as well as I ever have economically but I am very clear America as a whole is in big big trouble, and I will go down the tubes
with it soon.