Shrinking US Economy – Our New Reality

by Jack Lee

Everybody is making cuts to make ends meet and this is very telling of a weak and stagnant economy. One of the main reasons we’re still coming out of the Great Recession is simple…the jobs aren’t here!

Nobody is being fooled by the White House’s smoke and mirrors labor statistics, the stats they put out are built on lies. The two critical areas of the employment are false. The count being on welfare or dropping off the search for jobs as being [employed]. Well, I’ve got news for this Administration, dropping out of being a job-seeker is not the same as being employed. And being on welfare is not the same either! What a crock!

Americans now existing on some form of welfare is over 50,000,000 and a fair number of these folks are not even Americans,but that’s a whole other topic. The point is we’re really hurting and everywhere you look people are simply trying to make due with less, even the next generation of young American’s are facing future earnings less than their parents.

“Most investors know that current levels of share prices are unsustainable; it is said that George Soros has already started betting against the US stock market.” Guardian

Just in moments ago…gold is now at a 16 week high as a result of weak US economic data.

The White House Press security reported to the news today that “We’re going to have to adjust to our new reality.” This was in reference to a 20% cut in our military, that brings our numbers down to pre-world war two levels.

Meanwhile Sales of previously owned US homes dropped in January to the lowest level in more than a year, data showed on February 21. This was part of the data that has sent gold up.

Is there real cause for concern, can’t we just continue to live on a credit card like we’ve always done and just keep raising the national debt? According to an article in the Guardian today, no we can’t, those days are over! “In March 2013, the Standard & Poor 500 stock market index reached the highest ever level, surpassing the 2007 peak (which was higher than the peak during the dotcom boom), despite the fact that the country’s per capita income had not yet recovered to its 2007 level. Since then, the index has risen about 20%, although the US per capita income has not increased even by 2% during the same period. This is definitely the biggest stock market bubble in modern history.”

In the last 4 years Congress has absolutely failed miserably to pass any sort of meaningful tax reform, business stimulus, or curb pork and help create jobs. They’ve wimped out on deficit spending and instead given the president a virtual blank check. They’ve ignored those big red flags going up all over the place, from a genuine lack of jobs to social security going bust because Congress can’t keep their hands off the money.

This Congress has been the worst on record when it comes to dealing effectively with the economy and protecting the dollar.

This entry was posted in Politics and tagged , , , , , , , , , . Bookmark the permalink.

7 Responses to Shrinking US Economy – Our New Reality

  1. bill says:

    We never got out of the Great Depression (actually a depression). The government numbers are bogus in order to make the situation seem not as bad as it really is.

    Head on over to shadowstats.com to see the real numbers. True unemployment is close to the ’30s.

  2. Tina says:

    In general you are right Jack. the situation is dire and Congress has not been effective at altering the situation or stopping the administrations radical extremist agenda.

    However the House has made significant efforts to address at least some of the problems we face, See
    here.

    Nothing will work as long as radical Democrats like Harry Reid, Nancy Pelosi, Barack Obama and many others have the power to block the will of the people.

    This gutting our military is outrageous!

  3. Peggy says:

    Most of us know the “Do nothing Congress,” is really the do nothing Senate, but the list of bills held up in the Senate is shocking.

    Even more shocking is the number of job related bills and this one about Calif. water. All of those signs on I-5 should be changed from “Thanks Congress” to Thanks Senate.

  4. Dewey says:

    OMG and LOL

    no one is gutting the military

    The house is a big farce

    Congress is a trading floor for big foreign and domestic money

    So explain to me why we are suppose to force more money into the pentagon than they want? Who wants the money for contracts?

    http://www.dailykos.com/story/2013/04/29/1205670/-GOP-pushes-for-more-tanks-Pentagon-doesn-t-want

    Spending? Shows taht is all a GOP farce talking point!

    But oh no everything is those radical liberals….LOL

    Try some real info, this can not be real, I mean who thinks up this stuff?

    The last good Republican President Eisenhower warned of the military complex and ya’all ignore the military waste? The phony wars? and the killing of our people for oil

    A true war is honorable, the Iraq war is a disgrace and those who profited off it need another war to keep that gov welfare coming in.

    The scary part is that we no longer need that money due to things like Drones.

    Epic Fail!

  5. Pie Guevara says:

    Too funny! Epic fail boy links to The Daily Kos! Now there is some “objective” journalism, fer sure dude.

  6. Peggy says:

    Another black groups comes out against this administration.

    Black Pastors: Impeach Holder

    (CNSNews.com) – A coalition of black pastors announced on Tuesday at the National Press Club in Washington, D.C. that they are launching a campaign to gather one million signatures on a petition calling for the impeachment of Attorney General Eric Holder for violating his oath of office by trying “to coerce states to fall in line with the same-sex ‘marriage’ agenda.” “President Obama and Attorney General Eric Holder have turned their backs on the values the American people hold dear, values particularly cherished in the black community: values like marriage, which should be strengthened and promoted, rather than weakened and undermined,” says a statement by the Coalition of African American Pastors that has been posted online with their impeachment petition.

    http://cnsnews.com/news/article/penny-starr/black-pastors-impeach-holder

Comments are closed.