This is fucking ridiculous.

I’ve been asleep in my chair for about 3 hours or so before that last post. I’m going horizontal in just a few more minutes. But while I awoke from my vertical nap and got a little sumpin’ to set me horizontal, I made a few comments at a certain post on the Rott. Why do I mention that?

Well, the post itself is brilliant, but as always the comments go much further if they are allowed to. DJ winds people up, that causes the thought processes to flow, and we get stuff like this from LC Gladiator that clarifies the thoughts.

Any serious student of history knows that is is absolutely crucial to examine long-term trends.  And when you look at the long-term trends, it rapidly becomes apparent that the U.S. economy is in the midst of a nightmarish long-term decline.

The following are statistics to show to anyone who believes that America has a bright economic future….

#1 Inflation is a silent tax that steals wealth from all of us.  We continue to shell out increasing amounts of money for the basic things that we need, and yet our incomes are not keeping pace.  Just check out the following example.  Gasoline prices have been trending higher for several years in a row …

January 2009           $1.65 January 2010           $2.57 January 2011           $3.04 January 2012           $3.29

#2 If you can believe it, the average American household spent approximately $4,155 on gasoline during 2011.

#3 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

#4 Health care costs continue to rise at a very alarming pace.  According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980.  Today they account for approximately 16.3%.

#5 Getting a college education has also become insanely expensive in America.  After adjusting for inflation, U.S. college students are borrowing about twice as much money as they did a decade ago.

#6 To get the same purchasing power that you got out of $20.00 back in 1970 you would have to have more than $116 today.

#7 To get the same purchasing power that you got out of $20.00 back in 1913 you would have to have more than $457 today.

#8 There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added more than 30 million extra people to the population since then.

#9 The U.S. economy is bleeding millions of good jobs.   This has gone on year after year after year.  The following is from a recent article by Paul Craig Roberts….

In the first decade of the 21st century, Americans lost 5,500,000 manufacturing jobs. US employment in the manufacture of computer and electronic products fell by 40%; in the production of machinery by 30%, in motor vehicles and and parts by 44%, and in the manufacture of clothing by 66%.

#10 Our economic infrastructure is being torn apart right in front of our eyes.  In 2010, an average of 23 manufacturing facilities a day shut down in the United States.  Overall, more than 56,000 manufacturing facilities in the United States have shut down since 2009. The bleeding of jobs off-shore started in the ‘80s — now hemorrhages under Obama. Waiting for the economy to bounce back; calling this “the worst recession” is a bum rap. Its a depression since 2008

#11  As a result of our insane economic policies, our trade balances are absolutely exploding.  For example, the U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

#12 As you read this, there are millions of Americans out there wondering why they can’t find any jobs.  According to Reuters, 23.7 million American workers are either unemployed or underemployed right now.

#13 The number of good jobs has been steadily shrinking in America.  Since the year 2000, the United States has lost 10% of its middle class jobs.  In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs.

#14 A decade ago, the United States was ranked number one in average wealth per adult.  By 2010, the United States had fallen to seventh.

#15 Our incomes continue to go down.  Since December 2007, median household income in the United States has declined by a total of 6.8% once you account for inflation.

#16 The number of children living in poverty in America keeps rising year after year. The percentage of children living in poverty in the United States increased from 16.9 percent in 2006 to nearly 22 percent in 2010.

#17 The number of Americans on food stamps continues to set new all-time records.  Just check out the following progression….

October 2008: 30.8 million Americans on food stamps October 2009: 37.6 million Americans on food stamps October 2010: 43.2 million Americans on food stamps October 2011: 46.2 million Americans on food stamps

#18 The U.S. debt problem has gotten completely and totally out of control.  Recently, the debt of the federal government surpassed 100% of GDP for the first time ever.

#19 During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

#20 Barack Obama’s proposed 2012 budget projects that the national debt will rise to 26 trillion dollars a decade from now.  And his budget numbers are ridiculously optimistic.

Are you starting to get the picture?

All of the long-term economic numbers are progressively getting worse.

THANKS BARACK

h/t American Spectator

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