Some points on the economic situation
Since 2007 the debt has increased by $5 Trillion Dollars – It’s the crime of the century!
As of today 13:15 EDT
19 Facts About The Deindustrialization Of America That Will Make You Weep
– The United States has lost approximately 42,400 factories since 2001
– The United States has lost a total of about 5.5 million manufacturing jobs since October 2000.
– The United States has lost a whopping 32 percent of its manufacturing jobs since the year 2000.
– As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time less than 12 million Americans were employed in manufacturing was in 1941.
– Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.
– In 2008, 1.2 billion cellphones were sold worldwide. So how many of them were manufactured inside the United States? Zero.
– Dell Inc. has announced plans to dramatically expand its operations in China with an investment of over $100 billion over the next decade.
– Dell has announced that it will be closing its last large U.S. manufacturing facility in Winston-Salem, North Carolina. Approximately 900 jobs will be lost.
– If our trade deficit with China increases at its current rate, the U.S. economy will lose over half a million jobs this year alone.
– As of the end of July, the trade deficit with China had risen 18 percent compared to the same time period a year ago.
– The Census Bureau says 43.6 million Americans are now living in poverty, which is the highest number of poor Americans in the 51 years that records have been kept.
“So how many tens of thousands more factories do we need to lose before we do something about it?
How many millions more Americans are going to become unemployed before we all admit that we have a very, very serious problem on our hands?
How many more trillions of dollars are going to leave the country before we realize that we are losing wealth at a pace that is killing our economy?
How many once great manufacturing cities are going to become rotting war zones like Detroit before we understand that we are committing national economic suicide?
The deindustrialization of America is a national crisis. It needs to be treated like one.
If you disagree with this article, I have a direct challenge for you. If anyone can explain how a deindustrialized America has any kind of viable economic future, please do so below in the comments section.
America is in deep, deep trouble folks. It is time to It is time to wake up.”
18 Iconic Products That America Doesn’t Make Anymore
Rawlings baseballs, Etch-a-sketch, Chuck Taylors shoes, Stainless steel rebar, Mattel toys, Minivans, Vending machines, Levi jeans, Radio Flyer’s Red Wagon, Televisions, Cell phones, Railroad parts, Dell computers, Canned sardines, Incandescent light bulb, Forks, spoons, and knives.
”Buying American” used to be a popular political gesture. But these days it’s becoming impossible. “
Is this the end result if present political and economic trend continues? “Why do great nations fail?…. They all make the same mistakes. .. He He Now they work for us.”
79% of Private Sector Job Growth Over Last 5 Years Has Been in Texas
Stimulus Failure: 48 Out of 50 States Lost Jobs Since Democrats Trillion Dollar Stimulus
“In total, over 2 million jobs have been eliminated, in contrast to the over 3 million more jobs Americans were promised if Democrats’ 2009 stimulus plan passed. The only place in America that has exceeded its projected job growth following Democrats’ stimulus is Washington, D.C.”
The Adult Recession
“The study, ”The Adult Recession: Age-Adjusted Unemployment at Post-War Highs,” adjusts the current unemployment rate to account for demographic differences and finds that the unemployment rate has not fallen below 10.8 percent in the last 12 months. During the worst episode of the recession of the 1980s — the second half of 1982 and the first half of 1983 — unemployment passed 10 percent for 7 months.
The analysis notes that the population is older today than it was in the 1980s, which has the effect of lowering today’s unemployment rate relative to the past. Since they change jobs more frequently and are more likely to move in and out of the labor market, Young people have a higher unemployment rate than older workers. Adjusting for this older workforce shows that the United States is experiencing the weakest labor market since the Great Depression.”
60 Minutes Shock Report: National Unemployed and Underemployed 17.5%; California 22%
The video here: http://www.cbsnews.com/video/watch/?id=6987699n
”When you take into account the underemployed as well as the unemployed, the national rate hits 17% and California a staggering 22%.
To put a face on the realities of the underemployed in America under Obamanomincs, reporter Scott Pelley spoke with a fiber-optics engineering manager who has been looking for work for over a year. He just took a job working at a Target. 20% of the unemployed in America have college degrees.
According to the report, 1/3 of the unemployed have been out of work for over a year. This hasn’t happened since the Great Depression.”
Licensing to Kill
A new study shows how city regulations harm small business.
“When most people think of occupations requiring fingerprints and police reports, corner bookshop owners don’t spring to mind. Try telling that to Los Angeles, where many used booksellers are required by law to get a police permit and take a thumbprint from every 40-something trying to offload his collection of French poetry.
That’s one scene from a study to be released this week by the Institute for Justice, which has collected dozens of examples of regulations choking economic growth by taxing and over-licensing small businesses. In a survey of eight major cities, the study found that entrepreneurs routinely face obstacles …”
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