Each of these facts speak for themselves and have hard numbers to back them. Anybody who can't make it in America is either the victim of extremely unusual circumstance or is a professional underachiever.
You are correct. I’ve done great through this entire episode. We do have more of one thing in America today.
Whiny people who give up at the first sign of difficulty.
Now before I go on, let me state that Obama is a socialist marxist who is the absolute worst president we have ever had. The only thing Obama has going for him (from our point of view) is that he is incredibly inept and in over his head. This is a good thing because had a somewhat competent marxist (like Hillary Clinton) gotten in, we'd be in much further along the socialist path.
That all said, I must say that based on my observations, the economy in the United States is still very strong. Sure, there are plenty of closed storefronts out there and a lot of retail places are going out of business. But if it was possible to go back in time to say 1992, or even 1973, I would be able to show you plenty of closed storefronts in those eras as well.
Let me tell you about my Thursday night in the Boston area. This was December 29, 2011 (in case somebody is discovering this post years from now). After work that night, my wife and I had to take care of personal business in the Boston area. Once that was done, we decided we would go out for dinner since we were in the city.
Well, forget about it. Every single restaurant in the city was absolutely slammed. There was a 2-hour wait for a table. So we decided to head out into the suburbs, up Route 1 into Saugus. Now this was around 6:30pm and Route 1 was bumper-to-bumper. We tried several restaurants and parking was near impossible and the couple of restaurants we tried to access had 1-2 hour wait. Also, we noticed that the shopping malls were jammed.
So up Route 1 we go to Route 128 south towards Woburn. On The Border, Joe's American Grill, etc., - absolutely jammed up with people. Nearly a two-hour wait in those joints. So now we decide to hit Burlington mall so that we could try Legal Seafoods. By now, it was coming up on 7:30 and the Burlington mall was so crowded that there were gridlocked lines of traffic trying to gain access. So forget that. So we try some of the restaurants near the mall. Now these are not fancy places but casual eating places like Macaroni Grill, Border Cafe, etc. Absolutely jam-packed.
Finally we end up at Margaritas in Bedford around 8:15pm. Still no easy parking so we parked in a housing area nearby. It's still a half hour wait for a table but we decided to bite the bullet. We finally get in there for a table and the waitstaff are stressed out of their minds. It ended up being a fairly decent meal but even as we walked out of there around 10pm, the place was still hopping and frenzied waitstaff were rushing to and fro with heaping plates of food and frosty margaritas.
Now that was just one night. But generally speaking, the traffic in the Boston area has never been worse. Gridlock like you wouldn't believe getting to and from work. Stores are constantly jammed and the restaurants everywhere are slammed busy night after night.
If this is a bad economy, I'd hat to see it when it starts picking up again. I might just have to hunker down in my home because I hate traffic and crowds.
This economy is joke, unless ya think $10 an hour jobs are a sign of a great economy.
Considering what the dollar is worth, in today's America, 10 bucks is worth about 3 dollars.
All good factors. But we still have to deal with structural unemployment. We need more doctors, engineers, mechanics, nurses, scientists, welders, etc.
Profitable businesses had to shutdown because of the credit squeeze when the SHTF
► Unrivaled investor protections
Tell that to GM bond holders and MF Global clients.
► Tame inflation throughout the crisis
I wouldn't call energy and food costs tame...