50 Statistics About The U.S. Economy That Are Almost Too Crazy To Believe

The American Dream ^ | 6/3/2010

[markomalley]

Note: there are a couple of statistics noted in the above that are pretty flaky (#6 through #9) and #1 doesn't take into account the drag on the economy if, in fact, taxes were hiked.

But, despite those criticisms, I think this person has put together some pretty damning information to show that we are on a perilous course. I know, that is no surprise to anybody here, but it's useful to have those stats all in one spot. IMHO.

[philly-d-kidder]

WOW!!

[highlander_UW]

I’ve seen many of those, but those are some pretty stunning statistics.

[pnh102]

<sarcasm>
Clearly this is more lies from the right. Everyone knows we're in the most greatest of all recoveries ever. Things couldn't be better!
</sarcasm>

[nmh]

It’s heartbraking what the LEFT is doing to my country.

Obama is pushing us over the cliff to a impoverished, third world, thug country where laws have no meaning.

[Blood of Tyrants]

The bottom 40% also pay no taxes (other than sales taxes) at all.

[SumProVita]

I honestly believe that God is attempting to “get our attention” by allowing us to reap what we have sown. This is happening, I believe, for our best ultimate good.

This is a very eye-opening list. Thanks...

[silverleaf]

“Our greed and our debt are literally eating our economy alive”

“Our”?

GOP and democrat alike, but watching the antics of Soetero, Pelosi, Steeny Hoyer, Reid and others- their ridiculous statements and actions going UNCHALLENGED in the press (even FOX) - is particularly galling

And sorry, but people FORCED by these drunken sailor govt spenders for the past 40-50 years or more to participate in Social Security and MEDICARE as a floor for retirement at age 66 or above- - do not accept the labels of “greedy” and “hypocritical” being flung like poo by sorry democrats. Suckers maybe. Screwed certainly. But greedy hypocrites, naw hell no.

[markomalley]

“Our”?

Unfortunately, as a nation, yes, "our."

(That has nothing to do with you, personally, nor me, personally)

[call meVeronica]

ping & bump

[GOPJ]

...we are witnessing is the beginning of the end for the greatest economic machine that the world has ever seen. Our greed and our debt are literally eating our economy alive.

Bump

[Sherman Logan]

#39) More than 40% of those employed in the United States are now working in low-wage service jobs.

Misquoted and misleading. The link actually says 40% are employed in service jobs that are "often" low-wage. Many service jobs pay very well indeed.

Physicians and attorneys are service jobs. Consultants often earn well. Most government workers are in "service jobs." As we have seen recently, many of them earn upwards of $100k.

[Sherman Logan]

And sorry, but people FORCED by these drunken sailor govt spenders for the past 40-50 years or more to participate in Social Security and MEDICARE as a floor for retirement at age 66 or above- - do not accept the labels of “greedy” and “hypocritical” being flung like poo by sorry democrats.

Ahh. But "we," collectively speaking, elected and re-elected the drunken sailor govt spenders.

[sickoflibs]

RE :” ...we are witnessing is the beginning of the end for the greatest economic machine that the world has ever seen. Our greed and our debt are literally eating our economy alive. ...“

I have to correct this just a bit : “. .....we are witnessing a huge acceleration of the decline and destruction of the greatest economic machine that the world has ever seen. ...”

Clearly we were on the wrong path before Obama but he, Pelosi and congress (and some local democrat governments), have put the US economic car in high gear to hell.

[rarestia]

#33) In Pinellas and Pasco counties, which include St. Petersburg, Florida and the suburbs to the north, there are 34,000 open foreclosure cases. Ten years ago, there were only about 4,000.

I live in Pinellas county, and it's pretty unstable. A LOT of people bought homes WAY over what they could afford, and there are a lot of foreclosures of families affected by unemployment.

However, there's also a big problem with homeowner's associations in this area where they're filing to foreclose on homes that aren't paying their association dues but are up-to-date on their mortgages. I have neighbors who are barely scraping by, but they don't pay their association dues. One older woman was evicted from her home because she didn't fix gutters that were leaking and the association fixed them and billed her. She never paid them the $500 they wanted, because she's on a fixed income. She figured she'd die there, but she was thrown out to the street instead.

[Axeslinger]

yes, but we’re letting him do it.

[Painesright]

U.S. consumer combined debt (residential mortgage + other consumer related credit outstanding) is approximately 14 TRILLION dollars!!

That total was a little less than $1 Trillion in 1975.

1 Trillion (just ONE) is $1 per SECOND for 32,000 YEARS... and that’s without interest.

14 Trillion at $1 per second is 448,000 years.

[LurkingSince'98]

Hi Sherman

I think you misconstrued the sense.

It would have read better as “low-wage, service employees” being that as a division of the category “service Employees” there is a sub-category called “low-wage service employees”, which would exclude your “high-wage service employees”.

Lurking’

[stephenjohnbanker]

DOW down 212....all is well in Mr. Rogers land.

[stephenjohnbanker]

DOW down 256......pick up sticks.