Skip to comments.The US Economy Visualized in 10 Horrifying Economic Charts
Posted on 06/01/2011 7:14:04 AM PDT by WILLIALAL
The America Family Association has organized ten powerful economic graphs that put financial facts and figures into visual form. Sometimes you can quote economic statistics to people until you are blue in the face and it wont do any good, but when those same people see charts and pictures suddenly it all sinks in. As you examine the economic charts below, pay special attention to what has been happening to the U.S. economy over the last 30 or 40 years.
(Excerpt) Read more at kencauley.com ...
It sure has been a party for some people
Somebody do something
How’s that “free trade” thing working out, America?
Recipe to save US:
1. Remove Kenyan impostor from the office.
2. Bring to justice all that put him in there.
3. Overturn all the crap (regulations, “stimulus”...)
4. Repopulate Congress, Senate, Presidency with real representatives of people.
5. No government involvement in the business, just watch for monopoly.
6. Restore Constitution and freedom, competition, revamp tax code, restore justice.
Looks like this doesn’t end well for most of us. I really don’t see congress is really going to do anything, and we know the White House isn’t.
Why not post the whole thing here?
Its kind of long.
Ack. Economic Armageddon. I’m raisin’ some more vegetables.
Almost none of those charts have anything to do with trade (except for the West Texas Crude chart, and you want to raise those prices, remember?).
My position is simple. Import tariffs.
Until and unless Texas secedes, West Texas Crude isn’t imported. :)
See how that works?
How’s that “givin’ a free ride to every dem victim group” workin’ out for ya? Or paying freeloading union member 5 times what they’re worth...
I’m not in favor of increasing welfare or in favor of unions.
Though accepting your red herring for purpose of discussion...
Welfare recipients and union members, are Americans. Sending US jobs and factories to history’s largest communist nation doesn’t help any Americans.
Only China’s politboro. Oh. And the PLA.
You saying the (American) free market doesn’t work?
Sure seems like it.
I am an American free market capitalist. I simply believe if we do not protect America, we will lose our nation forever.
Unions forced many of our companies first to the South - and then overseas. In the short run the greedy little jerks got wages higher than workers around them who didn’t belong to unions. In the long run companies ran away from the bullies and took American jobs with them.
Setting aside the issue of tariffs raising prices in order to "create jobs" (can't happen unless prices go up, remember), when you artificially raise the price of a product (in this case, imported oil) a domestic producer doesn't just sit on its hands, it raises prices also to capture the higher margin. It's astounding that you don't see it. My guess is that you deliberately ignore it because doing otherwise destroys the foundation of your argument.
Some folks believe in unicorns, but it doesn't make them real.
that’s called “We the People”. ...so I believe...
At which time, it became for all intents ... treason.
Frankly I can do without you “teaching” me about free markets.
Though you are no doubt an export at sending US jobs elsewhere.
Look at the states with the longest history of unions - and you'll see where the death of our nation started... It's beyond rust and hopelessness. It's beyond government bailouts and throwing money down a rat hole.
When the country falls into chaos you'll be able to thank elite liberals and the bullies in unions.
You do a fine job of letting no one teach you about free markets. It's why you cling to the "we need tariffs to make prices rise, but tariffs won't make prices rise" reasoning.
The author is a leftist populist disguised as an economics commentator.
He blames outsourcing for the lack of jobs. Completely missing the near century long war on capital right here in America.
So we should harm consumers to benefit WTI producers?
Why not just support Texas jobs and put a tariff on all imports into Texas?
Then you can put a Houston tariff and a Dallas tariff and a San Antonio tariff, and etc. in place protecting all those people and their jobs.
Buy local...no matter what it costs.
New law of they demand we supply.
We simply exported most of manufacturing overseas because government regs, taxes, and other factors have become hostile to the business environment for the past 50 to 60 years.
It is a basic fact that manufacturing is the keystone to economic vibrancy for any economy.
Consumer will be really harmed, when America collapses.
Some perspective people, please.
America’s money - consumers’ money - is not unlimited. When it is gone, America is finished.
No money. No jobs. No industry.
I know people sitting on millions nervous to invest it in this hostile climate. And America has been increasingly hostile to business for over half a century.
Where’s a Calvin Coolidge when you need one?
Leave him be. He believes, as did the court of Luis XVI, in mercantilism. If we do turn to that, the outcome will be the same. History does repeat itself.
You, as in every right thinking American, should be doing something, instead of asking someone else to do something:
1) Get out of debt - easy to say, hard to do without some self discipline
2) Prepare mentally - get focused, and start thinking about the future that could be. Learn skills that are being lost with every generation of Americans. Skills of self sufficiency that our fore fathers used to make this great nation. Learn about the past; what our country is supposed to be like and how it came to be where it is, so we can undo what has been done.
3) Prepare physically - obtain that which you would need int he event of an emergency. The people of Joplin MO, East Texas, Alabama, etc suffered "The End Of The World As We Know It". Would you be prepared if the same thing, or something equally disastrous (say an economic collapse), happened to you?
4) Prepare spiritually - Most importantly, understand that there are things out there bigger than man; thing beyond understanding, which require faith. Accepting this will put you in a position to better handle what ever comes your way. For me, it Christ; for you...how knows?
If you wait for someone else to "do something", the time will come when it is too late. As someone once told me, "Better a year too soon, than a day too late". This isn't tin-foil hat nuttery, rather it is plain old common sense, which used to rule the day. Just my two cents, YMMV
Exactly, when you ask somebody to do something, somebody will eventually do something, but odds are, you won't like the results. Germans in the early 30s said that "somebody should do something," and we all know what happened after that.
” Leave him be. “
I’m pretty impressed that he got through as many exchanges as he did, before resorting to a) unsupported claims of superior, unassailable, incontrovertible, and undemonstrated, ‘expertise’, and, simultaneously, b)gratuitous ad hominem attacks on those who dare to disagree....
well, it was an expression of helplessness, true. But I am so beat down I don’t know what to do. I am not in debt at least thank God. Do have kids to think about and live in a city that is blighted.
I appreciate the humor in you post. Guess a lot of people missed it...
“Unions forced many of our companies first to the South - and then overseas. In the short run the greedy little jerks got wages higher than workers around them who didnt belong to unions. In the long run companies ran away from the bullies and took American jobs with them.”
Could the solution be multi-pronged?
1. Import tariffs on goods from countries with “next-to-nothing wages”
2. Ban the export of entire American industries, AND
3. Ban all unions within America, forcing wage levels back into balance?
(Not that anyone is ever going to DO any of this....)
It is stunning to recall that the national debt was less than one slim trillion dollars back in 1980 before Reagan trippled it, and then it was off to the races.
I forgot too that the House Republicans got the deficit under control, before Baby Bush’s moonshot. You can see from 2000 to 2008 the debt just soars under Baby Bush. He only lost Congress and the Senate in 2006, so you can’t blame the Democrats at all for his 1st 6 years of horrific deficits.
Of course Obama’s debt is like the “big bang” of all debts, but it is still crystal clear that the Republicans got us to his launching point.
1. Import tariffs on goods from countries with next-to-nothing wages
2. Ban the export of entire American industries, AND
3. Ban all unions within America, forcing wage levels back into balance?
We might be facing a major depression - tweaked, your ideas have merit. That said, we're probably the only two who feel that way...
Keep believing that a currency peg is a free market.
One of these days, I’m sure you believe a horse will appear outside of your window, with a horn growing out of his head, crapping skittles, too.
Gone, never to return. His like will not get into politics now, and those who do get into politics are more like Herbert Hoover or FDR than Silent Cal.
7. Repeal 17th amendment
8. Increase the number in the House of Representatives to the level that would force them to be accountable to their constituency (OR about 1:50,000, as originally intended).
Sorry to interject, but you’re making a false dichotomy logical argument:
“Setting aside the issue of tariffs raising prices in order to “create jobs” (can’t happen unless prices go up, remember), when you artificially raise the price of a product (in this case, imported oil) a domestic producer doesn’t just sit on its hands, it raises prices also to capture the higher margin.”
If it were a free market, there would be competition between the multiple oil producers/refiners. The U.S. Is bigger than many/most economies COMBINED we don’t HAVE to rely on any other countries. The 50 States are supposed to be sovereign (for all intents and purposes) and trade between them is like 50 (relatively) small countries. Acting like a tarriff would eliminate any internal competition is not only misguided, it’s stupid.
“Some folks believe in unicorns, but it doesn’t make them real.”
Some folks believe we were all born yesterday, but it doesn’t make them smarter.
“false dichotomy logical [phallacy in your] argument.”
I thought faster than I typed.
False dichotomy, huh? Demonstrate it.
Uh, no I don't . . . and I never have. What gives you that idea, other than casting about for a strawman?
I already did, you’re premise was “If we don’t have free trade, then the costs of domestic production must rise, due to no competition with foreign corporations.”
A false dichotomy/dilemma, means there can only be two consequences, that’s a lie.
I already demonstrated why that’s not true. If there were less domestic regulation, there would be more domestic competition. Domestic oil companies can already compete with each other, which is (part of the reason) why we don’t have $8+ gasoline like some nations. We already have internal competition. So, the “If you add a tarriff, things must go up to fill the gap” argument, is baloney. If U.S. companies were competing with each other and not third world slave (and sometimes nearly slave) labor, then they could compete with one another on an even ground. Price may or may not go up (I’d bet some do, some don’t), but the fact remains, it’s not because they are filling the high price gap. That’s the part which was a false dilemma.
I'll note that you pulled the above out of your ass. Not even a strawman, because you made it up. But you are the expert with "logic," I suppose.
If your expletive is because I put what you said into an if/then statement, fine, guilty as charged. However, feel free to show me you didn’t present a false dichotomy. I already did, you’re wrong, and it doesn’t matter if you accept it or not. The fact is that there IS NO benefit to a sovereign nation, in “free” trade. The only benefit would be to have an alliance/treaty with a country in exchange for something, and then the trade isn’t the “free” trade that’s goin on now. The U.S. (as a country) benefits not at all. Some corporations do, but at the expense of sovereignty and everyone else’s ability to compete, because they write the very regulations that politicians pass to exclude everyone else from being able to compete.