There are 27 members on Barack Obama’s job creation panel, and most of them are corporate executives. The formal name of the panel is the President’s Council on Jobs and Competitiveness, which is kind of ironic considering the fact that many of the CEOs on the panel have been rapidly shipping jobs out of the United States. So what hope is there that things are going to turn around if many of the folks that are supposed to be helping Barack Obama create U.S. jobs are actively destroying them instead? And how is the American middle class ever supposed to recover if corporate executives keep taking their jobs away and sending them to the other side of the world where it is legal to pay slave labor wages? These issues go to the very heart of America’s economic problems, and yet very few of our leaders are talking about them. But they should be talking about these things, because the economy is the number one issue for most American voters right now. (Read More...)
Economic Crisis
Things Are So Bad In America That Now Even Sesame Street Muppets Are Poverty-Stricken And Hungry
Big Bird, Elmo, Cookie Monster, Bert and Ernie are about to get a new friend. This new character comes from a family that is poverty-stricken and that struggles to get enough food. She is going to teach the other residents of Sesame Street the facts about hunger in America. Her name is Lily, and she will be appearing on a special one hour primetime special of Sesame Street that will focus on the plight of hungry children all over the nation. You can see video of this new Sesame Street character right here. This is yet another sign that things are so bad in America that nobody can really deny the reality of what is happening anymore. When you have more than one out of every five children living in poverty and one out of every four children on food stamps, it would be an injustice to call it anything less than a national crisis. Our economy is dying because of our foolishness and our children are paying the price. (Read More...)
Occupy Wall Street: Mass Economic Riots Are Now Here And America Will Never Be The Same
Is Occupy Wall Street going to represent a major turning point in U.S. history? Over the past several years, many people have been warning that we would see mass economic riots in the United States if the economy continued to get worse. Well, the economic riots are now here and America will never be the same. The Occupy Wall Street protests are starting their third week and now similar protests have sprung up in major cities all over the United States. An increasing number of Americans have totally lost faith in the system and are looking for an outlet for their frustrations. Occupy Wall Street is a spark that has started a fire, but most Americans do not understand where all of this is going. In the years ahead, millions more Americans will lose their jobs, millions more Americans will lose their homes to foreclosure and millions more Americans will find themselves drowning in debt. As the economy continues to decline, millions upon millions of Americans will become even more frustrated. In particular, young Americans are really starting to become angry about the economy and our deeply corrupt financial system. Eventually we are going to see an explosion of anger and frustration on the streets of America that is going to be absolutely unprecedented. Occupy Wall Street is just the beginning. If most Americans could see what is coming next, it would chill them to their cores. (Read More...)
The Mad As Hell Generation: 20 Reasons Why Millions Of Americans Under The Age Of 30 Are Giving Up On The U.S. Economy
Millions upon millions of young Americans have completely lost faith in the U.S. economy and are mad as hell that their economic futures have been destroyed. The recent economic downturn has hit those under the age of 30 the hardest. Today, there are hordes of young people that should be entering their most productive years that are sitting home with nothing to do. Many of them have worked incredibly hard throughout high school and college. Many of them have stayed out of trouble and have done everything that “the system” asked them to do. But once they got finished with school, the promised “rewards” simply were not there. Instead, millions of young Americans are faced with crushing student loan debt loads in an economy where they can’t find good jobs. When you are in your twenties, it can be absolutely soul-crushing to send out hundreds (or even thousands) of resumes and not get a single interview. Most of us grew up believing that we would “be something” when we got older, and millions of young Americans are having those dreams brutally crushed right now. Americans under the age of 30 voted for Barack Obama in droves back in 2008 because they believed that he would make things better. Instead, Barack Obama has made things even worse. Significant numbers of young Americans are starting to wake up and realize that neither political party is providing any real answers, and they are starting to get mad as hell about it. (Read More...)
New World Trade Center Tower To Be Made With Glass From China And Steel From Germany
Did you know that the new World Trade Center tower is being constructed with glass from China and steel from Germany? 1 World Trade Center, also known as “The Freedom Tower”, is not just another skyscraper. It is essentially a national monument. But that doesn’t mean that we are above awarding construction contracts to the lowest bidder. The new World Trade Center tower will contain 250 tons of steel from Germany and the lower floors will be surrounded with blast-resistant glass from China. This is yet another example of how the U.S. economy is being hollowed out. Once upon a time, the United States produced more steel and glass than anyone else in the world. But now we are being deindustrialized at a blinding pace. We have lost tens of thousands of factories and millions of jobs over the past decade. We are going to have a trade imbalance of about a half a trillion dollars this year. Meanwhile, our federal, state and local governments are going into massive amounts of debt in order to keep funding government activities at a level that our hollowed out economy simply cannot support any longer. (Read More...)
They Want A “United States Of Europe” But They Are Going To Need A Massive Financial Crisis In Order To Get It
Are we about to see a huge push for a “United States of Europe”? As the sovereign debt crisis in Europe continues to spiral out of control, suddenly this term is popping up in the New York Times and in major newspapers all over Europe. So is this by accident? Surely not. The truth is that there is an overwhelming consensus among the political and financial elite of Europe that a “United States of Europe” is what would be best for the eurozone. However, they are likely going to need a massive financial crisis in order to reach their goal. Right now, the citizens of the countries that make up the eurozone are overwhelmingly against deeper European integration. Without experiencing a massive amount of financial pain, they are unlikely to change their minds any time soon. So who is going to win in the end? Unfortunately, the clock is ticking because Greece is on the verge of defaulting on their debts and several other countries are not that far behind. If Europe does not decide on a course of action soon, the euro is going to collapse and financial institutions all over Europe are going to come crashing down. (Read More...)
15 Examples Of How “The Little Guy” Is Getting Absolutely Killed In America Today
Those without a lot of wealth or a lot of power are getting absolutely killed in America today. The big corporations, the major financial institutions, the ultra-wealthy and those connected to the top levels of government are absolutely thriving even though the economy overall is in shambles. Meanwhile, “the little guy” is being abused, harassed, regulated, taxed and mistreated like never before. In general, the big corporations and the government don’t spend a lot of time tangling with each other. Instead, mostly they seem content with attacking the weak members of the herd (the rest of us). In the United States today, wealth and power have become more concentrated than ever, and the big corporations and the government have figured out thousands of different ways to drain even more wealth and power away from the rest of us. Most of the time, “the little guy” is not even able to fight back. Most Americans have very limited resources and a very limited knowledge of the law. Meanwhile, the “big guys” have almost unlimited resources and can hire huge numbers of lawyers. So what does that mean for the rest of us? Well, it means that until society becomes a lot more just, you better do your best to keep from becoming a target of the “big guys”. (Read More...)
The Future For Most Americans: Pathetic Jobs, Bad Debts And A Crappy Economy
Sorry to break this to you, but the future for most Americans is going to be pretty crappy. Unless you are independently wealthy, the chances are good that you will have a low paying job, that you will be drowning in a sea of bad debts and that you will have to go on government assistance at some point. Most American families are completely dependent on their jobs for income, and right now good jobs are disappearing at a frightening pace. Over the last couple of decades, millions of high paying manufacturing jobs have been shipped out of the country and they are being replaced by low paying service jobs. Small business creation is being absolutely crushed by the federal government, and millions of illegal immigrants have been allowed in to the country and they are now competing for the limited number of jobs that are still available. The vast majority of the money and the vast majority of the power in this country are now in the hands of either the big corporations or the government. Together, the big corporations and the government are absolutely crushing everyone else. If you are not part of the “privileged class”, there is a good chance that your job is serving them. Perhaps you are bringing them lunch or cutting their hair or stocking shelves for them. Once upon a time, America was “the land of opportunity”, but now that has all changed. Tomorrow morning, millions of Americans will get up and go to pathetic, low paying jobs and millions of others will wonder why they can’t find anyone to hire them. Sadly, if nothing is done to reverse the long-term trends that are destroying our economy, the number of “working poor” is going to continue to increase. (Read More...)