50 Things Americans Should Know About Our Economic Loss
June 3rd, 2011
Took the liberty of editing a big chunk of this article’s introduction, removing paragraphs and whatnot, but the message remains intact.
(Eco Collapse) We are witnessing a truly historic collapse of the economy, and yet most Americans do not understand what is going on. One of the biggest reasons why the American people do not understand what is happening to the economy is because our politicians and the mainstream media are not telling the truth. Barack Obama and Federal Reserve Chairman Ben Bernanke keep repeating the phrase “economic recovery” over and over, and this is really confusing for most Americans because things sure don’t seem to be getting much better where they live.
We are facing some very serious long-term economic problems in this country, and we need to educate the American people about why the collapse of the economy is happening. If the American people don’t understand why they are losing their jobs, why they are losing their homes and why they are drowning in debt then they are going to keep on doing all of the same things that they have been doing. They will also keep sending the same idiot politicians back to Washington to represent us.
There are some fundamental things about the economy that every American should know. The American people need to be shocked out of their entertainment-induced stupor long enough to understand what is really going on and what needs to be done to solve our economic problems.
Prosperity is not guaranteed for any nation.
We have turned our backs on the principles of our forefathers and the principles of those that founded this nation. We have rejected the ancient wisdom that was handed down to us. We are about to experience the consequences of decades of really bad decisions.
• All over America, state and local governments are selling off buildings just to pay the bills. Investors can now buy up government-owned power plants, prisons and municipal buildings from coast to coast. For example, the mayor of Newark, New Jersey recently sold off 16 government buildings (including the police and fire headquarters) to pay bills.
• When Americans think of “government debt“, most of them only think of the federal government, but it is not just the federal government that has a massive debt problem. State and local government debt has reached an all-time high of 22 percent of U.S. GDP.
• The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001, and the U.S. trade deficit with China is now 27 times larger than it was back in 1990.
Full list of 50: HERE
We are a nation of takers, not makers: HERE
Government handouts surpass government income: HERE
Wall Street ‘masterminds’ baffled by slowing economy – prepare for QE3: HERE
Jesse Jackson, ‘We need more stimulus’: HERE
Oops! ObamaCare ‘budget’ double-counting: HERE
Ben Bernanke interrogated: HERE
Big gains in the war on middle class: HERE
Warren Buffet, ‘Debt good. Attitude bad.’: HERE
Budget spin meter – We’re on a road to nowhere: HERE
Bankruptcy declaration for states sought — QUIETLY: HERE
Obama, ‘I will not rest until I finish another round of golf’: HERE
ABC News reporter fired for telling the truth: HERE
Obama and Napolitano, ‘Don’t jump to conclusions’ — until we tell you to: HERE
Obama, ‘It would be so much easier to be the president of China’: HERE
The consequences of entitlement: HERE