Obama's New Economic Normal: Seven Devastating Facts

Breitbart ^ | 1/1/13 | Wynton Hall

[Nachum]

America is entering a new economic normal, a reality where almost everything that should be going up is going down, and everything that should be going down is going up.

The United States begins 2013 in uncharted economic waters; America has never been here before.

Consider, for example, these seven “firsts” for the U.S. economy:

1. All-time record annual average gas price: In 2012, the average cost of a gallon of gas eclipsed the previous record by nine cents, bringing the annual average to $3.60.

2. All-time record food stamp participation: As of last month, for the first time in American history, 47,710,324 individuals -- roughly one out of every seven people living in the United States -- now receive food stamps.

3. All-time high youth unemployment: In the last four years, average youth unemployment eclipsed the previous record rising to 17.5% -- the highest ever in recorded U.S. history.

4. All-time high number of Americans no longer in the labor force: Never before in U.S. history have so many been sidelined from the workforce. Today, a record 88,921,000 Americans are no longer a part of the U.S. labor force.

5. All-time record number of Americans collecting disability: Medical advancements and technological innovations have increased life expectancy and made workplaces safer. Still, the number of Americans collecting Social Security Disability Insurance (SSDI) has skyrocketed in the last four years. Today, a record 8,827,795 individuals collect a disability check averaging $1,130.34 a month.

6. All-time record number of Americans living in poverty: According to the U.S. Census Bureau, a record 46.2 million people in America are living in poverty, the highest number in the 53 years that the Census Bureau has collected the figure.

7. All-time record U.S. debt: The last four years have

[Nachum]

Obama: "Happy New Year... Suckers"

[Nachum]

The list, Ping

Let me know if you would like to be on or off the ping list

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[Nachum]

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[indthkr]

Obamanomics bump for later.......

[Jet Jaguar]

Bump

[llevrok]

Not to mention the $1T in new taxes and fees that hit Jan. 1 - outside of the “fiscal cliff”.

These are from his so called ObamaCare.

And that’s just the start. Time for a revolution in the streets, I think.

[Frank_2001]

But, we get a free phone, and free health care, and the War on Women is over at last! And he’e like, so totally, like way cool, like, ya know what I mean, dude?/SARCASM

[Figment]

Don’t worry yourself with that 16 trillion of debt. Much of that will be taken care of with the nationalization of your private retirement accounts

[dennisw]

There are five reasons the economy is awful and both parties are to blame

1. free trade
2. open borders- being flooded with uneducated third worlders. Legal and illegal
3. affirmative action laws and this means ones for women, gays, blacks, whoever
4. outsourcing meaning allowing the deindustrialization of America
5. EPA and other insane regulators on the state and Federal levels

[soycd]

Thank you for stating the reality we are living within. The ostrich among us will have to face it sooner or not too very much later.

[Principled]

Thanks Nachum - pls add me to ping list.

[Obama_Is_Sabotaging_America]

As to #5, welcome to the first wave of middle-aged Americans who’ve suffered the consequences of sitting behind a computer for the majority of their working lives..

[sport]

A majority of those that voted said, via their votes,that they approved this.

[hal ogen]

Thanks, nobama. I’m so glad to be able to pay more taxes so your fat grifter wife and moronic kids can vacation in Hawaii extra and fly back in their own plane. Thanks.

[griswold3]

Hush! Get back to work, the Obamanation needs your sacrifice....

The Number Of People On Welfare Exceeds The Number Of People With Jobs In 11 States
December 26, 2012
By Michael Snyder
America is rapidly becoming a nation of takers. An increasing number of Americans expect the government to take care of them from the cradle to the grave, and they expect the government to dig into the pockets of others in order to pay for it all. This philosophy can be very seductive, but what happens when the number of takers eventually outnumbers the number of producers? In 11 different U.S. states today, the number of people on welfare exceeds the number of people with jobs. This list of states includes some of the biggest states in the country: California, New York, Illinois, Ohio, Maine, Kentucky, South Carolina, Mississippi, Alabama, New Mexico and Hawaii.

http://michaelsnyder.mensnewsdaily.com/2012/12/the-number-of-people-on-welfare-exceeds-the-number-of-people-with-jobs-in-11-states/

[sport]

I recall Limbaugh saying after 2008 thar rhe wealthy including wall street overwhelmingly supported obama. I have not seen or heard anything to cause me to believe that trend did not carry through to 2012. I know Hollywood still worships him and I beleive that I heard Limbaugh say that Rooneys were still big obama supporters.