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40 Statistics About The Fall Of The U.S. Economy That Are Almost Too Crazy To Believe


US Politics & Gov't  (tags: Debt, Dependent On The Government, Economic Decline, Economic Infrastructure, Global GDP, Long-Term Trends, Manufacturing, Produce Wealth, Self-Employed, Statistics, The U.S. Economy, Debt, U.S. National Debt, Wealth )

Angelika
- 1576 days ago - theeconomiccollapseblog.com
If you know someone that actually believes that the U.S. economy is in good shape, just show them the statistics in this article.



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Comments

Angelika R (143)
Monday May 27, 2013, 7:18 am
If you know someone that actually believes that the U.S. economy is in good shape, just show them the statistics in this article. When you step back and look at the long-term trends, it is undeniable what is happening to us. We are in the midst of a horrifying economic decline that is the result of decades of very bad decisions. 30 years ago, the U.S. national debt was about one trillion dollars. Today, it is almost 17 trillion dollars. 40 years ago, the total amount of debt in the United States was about 2 trillion dollars. Today, it is more than 56 trillion dollars. At the same time that we have been running up all of this debt, our economic infrastructure and our ability to produce wealth has been absolutely gutted. Since 2001, the United States has lost more than 56,000 manufacturing facilities and millions of good jobs have been shipped overseas. Our share of global GDP declined from 31.8 percent in 2001 to 21.6 percent in 2011. The percentage of Americans that are self-employed is at a record low, and the percentage of Americans that are dependent on the government is at a record high. The U.S. economy is a complete and total mess, and it is time that we faced the truth.

The following are 40 statistics about the fall of the U.S. economy that are almost too crazy to believe...

*** Please see tables and descriptions at site ****
 

mag.w.d. Aichberger (34)
Monday May 27, 2013, 7:31 am
All Hail U.$.A. ! Glorious eader of the world. Leading into collapse and oblivion, what doesn't keep much of the 'rest of the worls' from following eagerly...
 

Kit B (276)
Monday May 27, 2013, 7:56 am

Very glum numbers and really no solutions. A jobs program and demanding those who have made out like bandits might make a very massive difference. The small escalation in taxes for the wealthy has already had an effect on the economy, but more is needed. Larger corporations are not hiring, and the largest do not even pay taxes, this becomes a drain on the economy.
 

Sue H (7)
Monday May 27, 2013, 9:47 am
Seriously disturbing.
 

Jae A (320)
Monday May 27, 2013, 10:17 am
I wish I could say that I am surprised at the numbers but I am not. The excelled rate in that direction was becoming clearer and clearer by the time Dubya stood in front of the Corporate banner that read .............
........"Mission Accomplished".
 

Angelika R (143)
Monday May 27, 2013, 11:10 am
the sad, sad, true story.... the very small current lift isn't even enough to take a breath before the next hammer hits in summer...bringing more pain to the existing wound
 

Past Member (0)
Monday May 27, 2013, 2:09 pm
thanks for the post
 

Jo S (619)
Monday May 27, 2013, 2:18 pm
So sad, very worrisome. I wonder if, when and HOW can I retire?
Thanks Angie.
Noted & shared. I made a lot of people very depressed this Memorial Day with this news!
 

Angelika R (143)
Monday May 27, 2013, 2:31 pm
Sooner or later the govt will just have to be FORCED to ensure a fair distribution of wealth or risk civil war.
 

Lynn D (0)
Monday May 27, 2013, 11:48 pm
Interesting........
 

Sara V (0)
Tuesday May 28, 2013, 12:30 am
The only jobs which appear "secure" are those funded by the government or those with companies which are supported (cronies) of the government. They receive the currency printed (and borrowed from - creating debt) by the Federal Reserve. With that kind of leveraged playing field, small businesses cannot compete. They are disappearing and we are getting more and more of what we don't want - huge companies with virtual monopolies (and corresponding high prices), GMOs planted and sprayed, and back room deals becoming the norm.

Please learn from California's mistakes - more programs are not the answer. Take the government out of business and level the playing field again. Our collective finances have been controlled by the wrong people for too long already, and the consequences are dire and horrifying.
 

Frans Badenhorst (582)
Tuesday May 28, 2013, 3:51 am
alarming....
 

paul m (93)
Tuesday May 28, 2013, 4:10 am

Noted..
 

cecily w (0)
Tuesday May 28, 2013, 4:33 am
My granddaughter graduated from college earlier this month--Magna Cum Laude. After the rush and the speeches she asked "Is this all there is?". Sad--she's 21 years old. At least she doesn't have student loan debt--yet. But that's ok, grad school will fix her up with some.
 

Robert K (31)
Tuesday May 28, 2013, 4:34 am
We need to get out of every world trading pact and institute a tariff of 150% of the difference in cost of producing things here and offshoring the work.

Our economy CAN be fixed, but only if conservatives quit their economic treason.
 

Nancy M (197)
Tuesday May 28, 2013, 10:44 am
It is truly sad.
 

jan b (5)
Tuesday May 28, 2013, 5:13 pm
Housing prices are UP. Investors Business Daily reported in November of 2012, (T)he federal deficit has fallen faster over the past three years than it has in any such stretch since demobilization from World War II.
Also, Benghazi! And Republicans are very busy embracing a short-lived love for first amendment rights. Have no fear, they are still too busy to get any actual work done. But they do have that 37th vote on ObamaCare because they are the party of anti-discipline and fiscal recklessness. And boys and girls, the fact is that the Deficit continues to fall, in spite of the crapola coming from the Right. and the economy is improving.
We have a lot of problems yet to solve.....but tell that to your republican congressman or woman who can't get their heads out of their A.
 

Lisa Zilli (17)
Tuesday May 28, 2013, 8:39 pm
And after reading all 40 statistics, there is an ad for a "Survival Seed Vault" that comes with "Jumbo Seed Packets." Shows just how depressing the statistics are.
 

Stephen Brian (23)
Tuesday May 28, 2013, 10:05 pm
I don't think it's a secret on Care2 that I am not exactly Obama's biggest fan, nor that of the U.S. federal government in general. However, they aren't doing quite as bad a job as the statistics given suggest.

Obviously the debt-explosion has been enormous, but not quite as big as the statistics mentioned imply. The U.S. economy is now (adjusted for inflation) about two-and-a-half times the size it was in 1980 and inflation has nearly cut the value of the dollar by two thirds. Adjusting for the scale of the economy and value of the dollar, the current debt is "only" a little over double what it was then. That's certainly far from good, but not the factor of fifteen on the site.

Manufacturing in the U.S. has dropped dramatically as an employer, but not exceptionally in output.
http://forum.uschamber.com/blog/2012/03/manufacturing%E2%80%99s-declining-share-gdp
The job-loss is really mostly a matter of replacement with technology. Inraw numbers, it looks to me like manufacturing-output has grown, but not as fast as the economy.

The male labour-force participation is not something folks on Care2 usually see as a bad thing. In 1950, female labour-participation was relatively tiny. I have no problem with men having lost jobs to women. I also have no problem with longer periods of education and longer post-returement lives. There is obviously a problem with unemployment (both official and "labour-force non-participation"), but the drop is not nearly as bad as the statistics suggest.

After some reactions I've gotten on Care2, I'm not going to go into the problems with using wealth-inequality as any sort of indicator without considering changes in real wealth over time in each income-bracket. Many posters and I may have to agree to disagree, but I believe much of the wealth-inequality to just be an inevitable result of economic growth. Also, a lot of these numbers are exaggerated by misleading methods of counting: Much of the wealth of the wealthiest people in the U.S. is infrastructure of economic production, not goods related to their lifestyles. Even worse, a lot of these studies get their data from tax-statistics, so they include corporations, which pay taxes independently, as individuals.

The "low" home-ownership is probably not nearly as bad a thing as it sounds. The Housing and Community Development Act of 1992 encouraged Fannie Mae and Freddie Mac to get into the subprime loan-business. I have no problem with that nonsense being over.

That is not to say things are what one might call "great". Still, I expect the U.S. to turn around in the not-too-distant future. When it does, I expect the growth to be extreme. I am talking about an execution, deliberate or not, of what I call, for good reason "the Grand Strategy of Great Power". (I don't normally capitalize like that, but this one deserves it.) The explanation gets more than a little complicated so I will only give it if asked, but I think that name gives an impression of the scale of growth I expect shortly after the U.S.'s political polarization ends.
 

Past Member (0)
Wednesday May 29, 2013, 12:44 am
It is so very frustrating to view the mismanagement of the USA. How can a great nation so rich in resources be so backward leaning? There must be action towards a bootstrap pull up now, and not later. I unashamedly admit I voted for, and campaigned for Mitt Romney. I believed he was the one who understood economics well and who could begin a turn around the misfortunes of the US economy for the benefit of all America. I have nothing against Mr Obama. He is as a good man who wants good things, but the USA needs a great president who wants great things. It's still not too late.
 

Angelika R (143)
Wednesday May 29, 2013, 5:45 am
Thx Stephen for your input here. I have no way of either approving or denying those stats given there but I will admit they did appear to me as exaggerated. Perhaps that is hidden in the title "almost too crazy to believe"- so I leave the article as just food for thought and to individual assessment of each of you readers.
 
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