5 Trends That Are Destroying The Middle Class In America

The middle class in America has been shrinking for decades, and our leaders seem powerless to do anything about it. Two years ago, the middle class became a minority in this country for the first time ever. In other words, the middle class now accounts for less than 50 percent of the population. But back in the early 1970s, the middle class made up more than 60 percent of the population. I have often compared being in the middle class to playing a really bizarre game of musical chairs. When the music stops playing each month, more chairs are being pulled out of the middle class, and most of us are just hoping that we will still have a chair for the next go around. (Read More...)

Stories Of Despair From The Forgotten People That The U.S. Economy Has Left Behind

Forgotten - Public DomainThere is so much economic despair in our country today, but if you have a good job and if you live in a good neighborhood you might not ever encounter it.  There really are “two Americas” in 2016, and they are getting farther and farther apart with each passing year.  On the one hand, you have lots of people smiling in New York City these days because of the stock market boom, and property values have soared to ridiculous levels in San Francisco because of the tech bubble.  But in between the two coasts there are vast stretches of forgotten people that the U.S. economy has left behind.  In this article I am going to share some of their stories with you. (Read More...)

If You Want To Know The Truth About The Unemployment Rate Read This Article

Lie Truth - Public DomainThe Obama administration is telling us that the unemployment rate in the United States has fallen to 5.1 percent, but does that number actually bear any resemblance to reality?  On Friday, news outlets all over America celebrated the fact that the U.S. economy added 173,000 jobs in August.  We were told that the unemployment rate has fallen to a seven year low and that wages are going up.  So everything must be getting better for the middle class, right?  After all, isn’t that what the official numbers are telling us? (Read More...)

The Knockout Game Is Just A Preview Of The Chaos That Is Coming To The Streets Of America

BoxingThere is a hot new game being played in cities all over America, and it is very simple.  You pick out a defenseless person on the street and you try to knock them out.  In most areas, it is known as “the knockout game”.  In some communities it is called by other names such as “point-em-out, knock-em-out” and “polar bear hunting”.  In many instances, the perpetrators don’t even try to steal anything from the people that they knock out.  The goal is just to “have fun” by brutally attacking an innocent victim.  Well, if this is what young thugs in America will do for fun when times are still good, what will they be willing to do when our economy really starts falling apart?  Yes, the U.S. economy has definitely been steadily declining, but the truth is that what we are experiencing right now is rip-roaring prosperity compared to what is coming in the years ahead.  So what will the streets of America look like when things get really bad? (Read More...)

We Are Witnessing The Slow, Tortuous Death Of The American Worker

We Are Witnessing The Slow, Tortuous Death Of The American WorkerOnce upon a time, the U.S. economy produced a seemingly unending supply of good paying jobs that enabled American workers to buy homes, raise families and live the American Dream.  But now all of that has changed.  Over the past several decades, there have been some fundamental shifts in our economy that have steadily eroded the value of the American worker.  Thanks to incredible advances in robotics, computers and other fields of technology, many economic activities that once required a tremendous amount of manpower now require very little.  Nothing is going to reverse those technological advances, so the jobs that have been lost as a result are now gone forever.  But there are millions of other good jobs that we have lost that we could have done something about.  Over the past couple of decades, millions upon millions of American jobs have been shipped overseas.  Thanks to a whole host of “free trade” agreements that our politicians promised would be very good for our economy, U.S. workers have now been merged into a global labor pool with hundreds of millions of workers on the other side of the globe that live in countries where it is legal to pay slave labor wages.  In such a situation, it is only natural for big corporations to shift production from high wage areas to low wage areas.  Unemployment in America has skyrocketed and so have corporate profits.  Today, corporate profits as a percentage of U.S. GDP are at an all-time high, but wages as a percentage of U.S. GDP are near an all-time low.  The lack of decent jobs in the United States is one of the primary reasons why we are in an economic crisis that never seems to end, and things are not going to turn around any time soon.  We truly are witnessing the slow, tortuous death of the American worker, and politicians from both political parties are just standing aside and letting it happen. (Read More...)

Thanks Obama – Here Are 24 Stats That Show How Much You Have Royally Messed Up Our Economy

Under Barack Obama, the U.S. economy has performed worse than it did under any other president since the end of the Great Depression.  After every other recession since World War II, the U.S. economy always regained what was lost and got even stronger before the next recession began.  During this “economic recovery”, we have not even come close to getting back to where we were in 2008.  In fact, the number of Americans living in poverty and the number of Americans that are dependent on the government both continue to explode even as Barack Obama runs up trillions of dollars of new debt.  Anyone that believes that Barack Obama is going to “fix the economy” if he is given another four years in the White House has taken way too many sips of the Obama kool-aid.  The truth is that Barack Obama is not going to save you.  Barack Obama has royally messed up our economy (along with a lot of other things) and that is not something we should be thanking him for. (Read More...)

12 Signs That The Next Recession In The United States Has Already Begun

Is the U.S. economy in a recession right now?  Has the next recession in the United States already begun?  Unfortunately, there are a lot of economic numbers that are pointing in that direction.  U.S. retail sales have fallen for three months in a row, U.S. manufacturing activity is contracting and there are numerous indications that the labor market is getting weaker.  Of course there are some economists that will argue that we never even left the last recession.  For example, the percentage of working age Americans with jobs fell from above 63 percent in 2007 to under 59 percent during the last recession.  Since the end of the last recession, that number has not gotten back above 59 percent.  In fact, it has been below 59 percent for 34 months in a row.  In addition, we have continued to see poverty and government dependence steadily rise during this “economic recovery”.  Since Barack Obama became president, the number of Americans living in poverty has risen by 6 million and the number of Americans on food stamps has risen by 14 million.  So it would be really hard to argue with anyone that wants to say that the last recession never really ended.  However, the latest economic numbers indicate that things are about to get even worse for the U.S. economy, and that is not good news at all. (Read More...)

The Federal Reserve Is Not Going To Save Us From The Great Depression That Is Coming

Federal Reserve Chairman Ben Bernanke delivered his annual address to Congress on Tuesday, and he did very little to give lawmakers much confidence about where the U.S. economy is heading.  Bernanke told members of Congress that recent economic data points “suggest further weakness ahead” and that the Federal Reserve is projecting that the U.S. unemployment rate will remain at 7 percent or above all the way through the end of 2014.  Now, it is important to keep in mind that Federal Reserve forecasts are almost always way too optimistic.  The actual numbers almost always end up being much worse than what the Fed says they will be.  So if Bernanke is saying that the U.S. unemployment rate will be 7 percent or higher until the end of 2014, then what will the real numbers end up looking like?  During his testimony, Bernanke seemed unusually gloomy about the direction of the U.S. economy.  He seemed resigned to the fact that there really isn’t that much more that the Federal Reserve can do to stimulate the U.S. economy.  Yes, the Federal Reserve could try another round of quantitative easing, but the first two rounds did not really do that much to help.  The truth is that the United States is absolutely drowning in debt, and when that debt bubble finally bursts the Federal Reserve is simply not going to be able to save us from the Great Depression that will happen as a result. (Read More...)

The Beatings Will Continue Until Morale Improves: 10 Ways That Obama Is Killing Jobs In America

Have you ever heard the old saying “the beatings will continue until morale improves”?  According to Wikipedia, that phrase is often “used sarcastically to indicate the counterproductive nature of such punishment or excessive control over subordinates such as staff in the workplace or children living at home.”  Well, apparently Barack Obama believes that the more punishment that he inflicts on the U.S. economy the more we will like him.  What other explanation is there for his insane economic policies?  The truth is that Barack Obama is killing jobs in America.  His regulations are absolutely crippling our businesses, he has been heavily promoting new job killing “free trade” agreements, Obamacare has the potential to be the most job killing law of all time, and he is running up debt that will crush job creation in this country for ages to come. Obama will likely go down as the most anti-business president in U.S. history.  He has presided over the worst “recovery” from a recession in post-World War II history, and under his leadership a whole host of economic statistics have steadily gotten worse.  The percentage of working age Americans that have jobs has not bounced back since the end of the last recession, and now the next major economic crisis is rapidly approaching. (Read More...)