{"id":206,"date":"2012-08-30T14:26:53","date_gmt":"2012-08-30T14:26:53","guid":{"rendered":"http:\/\/algerienetwork.com\/usa\/?p=206"},"modified":"2012-08-30T14:26:53","modified_gmt":"2012-08-30T14:26:53","slug":"the-u-s-economy-by-the-numbers-70-facts","status":"publish","type":"post","link":"https:\/\/algerienetwork.com\/international\/the-u-s-economy-by-the-numbers-70-facts\/","title":{"rendered":"The U.S. Economy By The Numbers: 70 Facts"},"content":{"rendered":"

\"\"<\/a>Why is the economy going to collapse?\u00a0 Have you ever been asked that question?\u00a0 If so, what did you say?\u00a0 Sometimes it is difficult to communicate dozens of complicated economic and financial concepts in a package that the average person on the street can easily digest.\u00a0 It can be very frustrating to know that something is true but not be able to explain it clearly to someone else.\u00a0 Hopefully many of you out there will find the list below useful.\u00a0 It is a list of 70 numbers that show why we are headed for a national economic nightmare.<\/p>\n

So why does the title of the article single out Barack Obama?\u00a0 Well, it is because right now he is the biggest cheerleader for the economy.\u00a0 He is attempting to convince all of us that everything is just fine and that the economy is heading in a positive direction.\u00a0 Well, the truth is that everything is not fine and things are about to get a whole lot worse.\u00a0 Certainly others should share in the blame as well.\u00a0 Congress has been steering the economy in the wrong direction for decades, the \u00ab\u00a0too big to fail\u00a0\u00bb banks have turned Wall Street into a pyramid of risk, leverage and debt, and the Federal Reserve has more power over the financial system than anyone else does.<\/p>\n

Our economy has been in decline for quite a while now, and soon we are going to smash directly into an economic brick wall.\u00a0 Unfortunately, a lot of Americans are in denial about this.\u00a0 A lot of people out there doubt that an economic collapse is coming.\u00a0 Well, if you know someone that believes that the U.S. economy is going to be \u00ab\u00a0just fine\u00a0\u00bb, just show them the list below.<\/p>\n

The following are 70 facts that Barack Obama does not want you to see….<\/p>\n

$3.59<\/strong> – When Barack Obama entered the White House, the average price of a gallon of gasoline was $1.85.\u00a0 Today, it is $3.59<\/a>.<\/p>\n

22<\/strong> – It is hard to believe, but today the poverty rate for children living in the United States is a whopping 22 percent<\/a>.<\/p>\n

23<\/strong> – According to U.S. Representative Betty Sutton, an average of 23 manufacturing facilities<\/a> permanently shut down in the United States every single day<\/strong> during 2010.<\/p>\n

30<\/strong> – Back in 2007, about 10 percent of all unemployed Americans had been out of work for 52 weeks or longer.\u00a0 Today, that number is above 30 percent<\/a>.<\/p>\n

32<\/strong> – The amount of money that the federal government gives directly to Americans has increased by 32 percent<\/a> since Barack Obama entered the White House.<\/p>\n

35<\/strong> – U.S. housing prices are now down a total of 35 percent<\/a> from the peak of the housing bubble.<\/p>\n

40<\/strong> – The official U.S. unemployment rate has been above 8 percent<\/a> for 40 months in a row.<\/p>\n

42<\/strong> – According to one survey, 42 percent<\/a> of all American workers are currently living paycheck to paycheck.<\/p>\n

48<\/strong> – Shockingly, at this point 48 percent<\/a> of all Americans are either considered to be \u00ab\u00a0low income\u00a0\u00bb or are living in poverty.<\/p>\n

49<\/strong> – Today, an astounding 49.1 percent<\/a> of all Americans live in a home where at least one person receives benefits from the government.<\/p>\n

53<\/strong> – Last year, an astounding 53 percent<\/a> of all U.S. college graduates under the age of 25 were either unemployed or underemployed<\/a>.<\/p>\n

60<\/strong> – According to a recent Gallup poll, only 60 percent<\/a> of all Americans say that they have enough money to live comfortably.<\/p>\n

61<\/strong> – At this point the Federal Reserve<\/a> is essentially monetizing much of the U.S. national debt.\u00a0 For example, the Federal Reserve bought up approximately 61 percent<\/a> of all government debt issued by the U.S. Treasury Department during 2011.<\/p>\n

63<\/strong> – One recent survey found that 63 percent<\/a> of all Americans believe that the U.S. economic model is broken.<\/p>\n

71<\/strong> – Today, 71 percent of all small business owners<\/a> believe that the U.S. economy is still in a recession.<\/p>\n

80<\/strong> – Americans buy 80 percent<\/a> of the pain pills sold on the entire globe each year.<\/p>\n

81<\/strong> – Credit card debt among Americans in the 25 to 34 year old age bracket has risen by 81 percent<\/a> since 1989.<\/p>\n

85<\/strong> – 85 percent of all artificial Christmas trees are made in China<\/a>.<\/p>\n

86<\/strong> – According to one survey, 86 percent<\/a> of Americans workers in their sixties say that they will continue working past their 65th birthday.<\/p>\n

90<\/strong> – In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined<\/a>.<\/p>\n

93<\/strong> – The United States now ranks 93rd<\/a> in the world in income inequality.<\/p>\n

95<\/strong> – The middle class continues to shrink – 95 percent<\/a> of the jobs lost during the last recession were middle class jobs.<\/p>\n

107<\/strong> – Each year, the average American must work 107 days<\/a> just to make enough money to pay local, state and federal taxes.<\/p>\n

350<\/strong> – The average CEO now makes approximately 350 times<\/a> as much as the average American worker makes.<\/p>\n

400<\/strong> – According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined<\/a>.<\/p>\n

$500<\/strong> – In some areas of Detroit, Michigan you can buy a three bedroom home for just $500<\/a>.<\/p>\n

627<\/strong> – In 2010, China produced 627 million<\/a> metric tons of steel.\u00a0 The United States only produced 80 million metric tons of steel.<\/p>\n

877<\/strong> – 20,000 workers recently applied for just 877 jobs<\/a> at a Hyundai plant in Montgomery, Alabama.<\/p>\n

900<\/strong> – Auto parts exports from China to the United States have increased by more than 900 percent<\/a> since the year 2000.<\/p>\n

$1580<\/strong> – When Barack Obama first took office, an ounce of gold was going for about $850.\u00a0 Today an ounce of gold costs more than $1580<\/a> an ounce.<\/p>\n

1700<\/strong> – Consumer debt in America has risen by a whopping 1700%<\/a> since 1971.<\/p>\n

2016<\/strong> – It is being projected that the Chinese economy will be larger than the U.S. economy by the year 2016<\/a>.<\/p>\n

$4155<\/strong> – The average American household spent a staggering $4,155<\/a> on gasoline during 2011.<\/p>\n

$4300<\/strong> – The amount by which real median household income has declined since Barack Obama entered the White House<\/a>.<\/p>\n

$6000<\/strong> – If you can believe it, the median price of a home in Detroit is now just $6000<\/a>.<\/p>\n

$10,000<\/strong> – According to the Employee Benefit Research Institute, 46 percent<\/a> of all American workers have less than $10,000 saved for retirement, and 29 percent<\/a> of all American workers have less than $1,000 saved for retirement.<\/p>\n

49,000<\/strong> – In 2011, our trade deficit with China was more than 49,000 times larger<\/a> than it was back in 1985.<\/p>\n

50,000<\/strong> – The United States has lost an average of approximately 50,000 manufacturing jobs<\/a> a month since China joined the World Trade Organization in 2001.<\/p>\n

56,000<\/strong> – The United States has lost more than 56,000<\/a> manufacturing facilities since 2001.<\/p>\n

$85,000<\/strong> – According to the New York Times<\/a>, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.<\/p>\n

$175,587<\/strong> – The Obama administration spent $175,587<\/a> to find out if cocaine causes Japanese quail to engage in sexually risky behavior.<\/p>\n

$328,404<\/strong> – Over the next 75 years, Medicare is facing unfunded liabilities of more than 38 trillion dollars.\u00a0 That comes to $328,404<\/a> for each and every household in the United States.<\/p>\n

$361,330<\/strong> – This is what the average banker<\/a> in New York City made in 2010.<\/p>\n

440,00<\/strong> – If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years<\/a> to totally pay it off.<\/p>\n

500,000<\/strong> – According to the Economic Policy Institute, America is losing half a million jobs<\/a> to China every single year.<\/p>\n

2,000,000<\/strong> – Family farms<\/a> are being systematically wiped out of existence in the United States.\u00a0 According to the U.S. Department of Agriculture, the number of farms in the United States has fallen from about 6.8 million in 1935 to only\u00a0about 2 million<\/a> today.<\/p>\n

$2,000,000<\/strong> – At this point, the U.S. national debt is rising by more than 2 million dollars<\/a> every single minute.<\/p>\n

2,600,000<\/strong> – In 2010, 2.6 million more Americans fell into poverty<\/a>.\u00a0 That was the largest increase<\/a> that we have seen since the U.S. government began keeping statistics on this back in 1959.<\/p>\n

5,400,000<\/strong> – When Barack Obama first took office there were 2.7 million long-term unemployed Americans.\u00a0 Today there are twice as many<\/a>.<\/p>\n

16,000,000<\/strong> – It is being projected that Obamacare will add 16 million more Americans<\/a> to the Medicaid rolls.<\/p>\n

$20,000,000<\/strong> – The amount of money the U.S. government was spending to create a version of Sesame Street for children in Pakistan<\/a>.<\/p>\n

25,000,000<\/strong> – Today, approximately 25 million<\/a> American adults are living with their parents.<\/p>\n

40,000,000<\/strong> – According to Professor Alan Blinder of Princeton University, 40 million<\/a> more U.S. jobs could be sent offshore over the next two decades if current trends continue.<\/p>\n

46,405,204<\/strong> – The number of Americans currently on food stamps<\/a>.\u00a0 When Barack Obama first entered the White House there were only 32 million Americans on food stamps.<\/p>\n

88,000,000<\/strong> – Today there are more than 88 million<\/a> working age Americans that are not employed and that are not looking for employment.\u00a0 That is an all-time record high.<\/p>\n

100,000,000<\/strong> – Overall, there are more than 100 million<\/a> working age Americans that do not currently have jobs.<\/p>\n

$150,000,000<\/strong> – This is approximately the amount of money that the Obama administration and the U.S. Congress are stealing from future generations of Americans every single hour<\/a>.<\/p>\n

$2,000,000,000<\/strong> – The amount of money that JP Morgan has admitted that it will lose from derivatives trades gone bad.\u00a0 Many analysts are convinced that the real number will actually end up being much higher<\/a>.<\/p>\n

$147,000,000,000<\/strong> – In the U.S., medical costs related to obesity are estimated to be approximately 147 billion dollars<\/a> a year.<\/p>\n

295,500,000,000<\/strong> – Our trade deficit with China in 2011 was\u00a0$295.5 billion<\/a>.\u00a0 That was the largest trade deficit that one country has had with another country in the history of the planet.<\/p>\n

$359,100,000,000<\/strong> – During the first quarter of 2012, U.S. public debt rose by 359.1 billion dollars<\/a>.\u00a0 U.S. GDP only rose by 142.4 billion dollars.<\/p>\n

$454,000,000,000<\/strong> – During fiscal 2011, the U.S. government spent over 454 billion dollars<\/a> just on interest on the national debt.<\/p>\n

$1,000,000,000,000<\/strong> – The total amount of student loan debt in the United States recently surpassed the one trillion dollar mark<\/a>.<\/p>\n

$1,170,000,000,000<\/strong> – China now holds approximately 1.17 trillion dollars<\/a> of U.S. government debt.\u00a0 Yet the U.S. government continues to send them millions of dollars in foreign aid every year.<\/p>\n

$1,600,000,000,000<\/strong> – The amount that has been added to the U.S. national debt since the Republicans took control of the U.S. House of Representatives<\/a>.\u00a0 This is more than the first 97 Congresses added to the national debt combined.<\/p>\n

$5,000,000,000,000<\/strong> – The U.S. national debt has risen by more than 5 trillion dollars<\/a> since the day that Barack Obama first took office.\u00a0 In a little more than 3 years Obama has added more to the national debt than the first 41 presidents combined.<\/p>\n

$5,000,000,000,000<\/strong> – What the real U.S. budget deficit in 2011 would have been<\/a> if the federal government had used generally accepted accounting principles.<\/p>\n

$11,440,000,000,000<\/strong> – The total amount of consumer debt<\/a> in the United States.<\/p>\n

$15,734,596,578,458.59<\/strong> – The U.S. national debt as of June 7, 2012<\/a>.<\/p>\n

$200,000,000,000,000<\/strong> – Today, the 9 largest banks in the United States have a total of more than 200 trillion dollars<\/a> of exposure to derivatives<\/a>.\u00a0 When the derivatives market completely collapses<\/a> there won’t be enough money in the entire world to fix it.<\/p>\n

source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Why is the economy going to collapse?\u00a0 Have you ever been asked that question?\u00a0 If so, what did you say?\u00a0 Sometimes it is difficult to communicate dozens of complicated economic and financial concepts in a package that the average person on the street can easily digest.\u00a0 It can be very frustrating to know that something […]<\/p>\n","protected":false},"author":1,"featured_media":207,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[51,33],"tags":[157],"class_list":{"0":"post-206","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-society","8":"category-usa","9":"tag-featured"},"_links":{"self":[{"href":"https:\/\/algerienetwork.com\/international\/wp-json\/wp\/v2\/posts\/206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/algerienetwork.com\/international\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/algerienetwork.com\/international\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/algerienetwork.com\/international\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/algerienetwork.com\/international\/wp-json\/wp\/v2\/comments?post=206"}],"version-history":[{"count":0,"href":"https:\/\/algerienetwork.com\/international\/wp-json\/wp\/v2\/posts\/206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/algerienetwork.com\/international\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/algerienetwork.com\/international\/wp-json\/wp\/v2\/media?parent=206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/algerienetwork.com\/international\/wp-json\/wp\/v2\/categories?post=206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/algerienetwork.com\/international\/wp-json\/wp\/v2\/tags?post=206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}