Posted on 09/20/2016 3:32:39 PM PDT by Rockitz
I've been reading a lot about a "recovering" economy. It was even trumpeted on Page 1 of The New York Times and Financial Times last week.
I don't think it's true.
The percentage of Americans who say they are in the middle or upper-middle class has fallen 10 percentage points, from a 61% average between 2000 and 2008 to 51% today.
Ten percent of 250 million adults in the U.S. is 25 million people whose economic lives have crashed.
What the media is missing is that these 25 million people are invisible in the widely reported 4.9% official U.S. unemployment rate.
(Excerpt) Read more at gallup.com ...
“Here’s the crisis: The deaths of small businesses recently outnumbered the births of small businesses. The U.S. Census Bureau reports that the total number of business startups and business closures per year crossed for the first time in 2008...But from 2008 to 2011, an average of 420,000 businesses were born annually, while an average of 450,000 per year were dying.”
Hey Obummer, here is you true legacy, you dirtbag.
Imagine how much more vibrant the small-business landscape will be when incorporated companies has a federal tax hit of 15% instead of 28 to 35%. And if we scale back the terrible costs of regulations in time and money, how many of these SMBs will look to make capital investments as well as in human capital?
This election is simple. Cankles wants the control of the wealth and income in this country to rest squarely with government and a few bigwig fat cats. Trump is willing to give Americans the benefit of the doubt and shift control of our wealth and income back in our direction.
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