75 economic numbers from 2012 that are almost too crazy to believe...

Discussion in 'Economy' started by Bleipriester, Dec 22, 2012.

  1. Bleipriester
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    Bleipriester Freedom!

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  2. Mr. H.
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    Mr. H. Diamond Member

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    Obama has been hard at work. :thup:

    Thank goodness he was invited back for 4 more years. :eusa_eh:
     
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  3. Rozman
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    Rozman Gold Member Supporting Member

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    The only thing that makes sense is that this is the direction the Democrat party wants to go. Or....

    They just voted for him because he's black and didn't care about anything else...
     
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  4. Bleipriester
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    Bleipriester Freedom!

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    I don´t think it has anything to do with the Democratic Party in particular. Wouldn´t look different with the Republicans. Both aren´t sustainable.
     
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  5. georgephillip
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    georgephillip Gold Member Supporting Member

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    From your link:

    "What a year 2012 has been! The mainstream media continues to tell us what a 'great job' the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class.

    "It is imperative that we educate the American people about the true condition of our economy and about why all of this is happening.

    "If nothing is done, our debt problems will continue to get worse, millions of jobs will continue to leave the country, small businesses will continue to be suffocated, the middle class will continue to collapse, and poverty in the United States will continue to explode."

    75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe | ZeroHedge

    Once upon a time US investors needed a viable middle class in this country to produce the goods and services and to drive 70% of US GDP with their purchasing power. Today, US investors have a much larger middle class rising in Brazil, China, and India than they ever had here; the US middle class has become an impediment to rising incomes among the richest 10% of Americans.

    And elected Republicans AND Democrats depend on the richest 1%-10% to fund their campaigns.
     
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  6. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    ZeroHedge is a great World Economic News Source.

    From the Link:
    This is PLANNED. Both Parties support it and fool the American People into going along with it by calling it "Free Trade".

    Notice it's not called "Fair Trade"?
     
    Last edited: Dec 23, 2012
  7. georgephillip
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    georgephillip Gold Member Supporting Member

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    "Paul Craig Roberts is a former Assistant Secretary of the US Treasury and Associate Editor of the Wall Street Journal..." with some thoughts on why the American people are being fooled by both major parties:

    "The US economy has two serious diseases, and neither one is too much welfare spending.

    "One disease is the offshoring of US middle class jobs, both manufacturing jobs and professional service jobs such as engineering, research, design, and information technology, jobs that formerly were filled by US university graduates, but which today are sent abroad or are filled by foreigners brought in on H-1B work visas at two-thirds of the salary.

    "The other disease is the deregulation, especially the financial deregulation, that caused the ongoing financial crisis and created banks too big to fail, which has prevented capitalism from working and closing down insolvent corporations."

    The Coming Crash of America » Counterpunch: Tells the Facts, Names the Names
     
  8. Truthmatters
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  9. Truthmatters
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    Zero Hedge - Wikipedia, the free encyclopedia


    Profile

    Zero Hedge was founded in January 2009.[1] Posts are signed "Tyler Durden," a character in the Chuck Palahniuk book and movie Fight Club,[2] reflecting the news site's activist posture.[1] Despite speculation that "Tyler Durden" is a pseudonym of Daniel Ivandjiiski,[2][3] who was penalized for insider trading in New York in September 2008
     
  10. georgephillip
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    georgephillip Gold Member Supporting Member

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    Are you disputing any of his numbers?

    "In December 2008, 31.6 million Americans were on food stamps. Today, a new all-time record of 47.7 million Americans are on food stamps. That number has increased by more than 50 percent over the past four years, and yet the mainstream media still has the gall to insist that “things are getting better”.

    #2 Back in the 1970s, about one out of every 50 Americans was on food stamps. Today, about one out of every 6.5 Americans is on food stamps."

    75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe | ZeroHedge
     

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