What a Great Economy
Back in 1980, the U.S. national debt was less than one trillion dollars. Today, it is rapidly approaching 17 trillion dollars.
During Obama’s first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.
More than 56,000 manufacturing facilities in the United States have been permanently shut down since 2001.
There are less Americans working in manufacturing today than there was in 1950 even though the population of the country has more than doubled since then
According to the Economic Policy Institute, the United States is losing half a million jobs to China every single year
Back in 1950, more than 80 percent of all men in the United States had jobs. Today, less than 65 percent of all men in the United States have jobs.
At this point, an astounding 53 percent of all American workers make less than $30,000 a year.
Back in 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for every dollar that they earned. By 2007, that figure had soared to $1.48.
In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.
According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined
According to the U.S. Census Bureau, more than 146 million Americans are either “poor” or “low income”
Today, more than a million public school students in the United States are homeless. This is the first time that has ever happened in our history.
When Barack Obama first entered the White House, about 32 million Americans were on food stamps. Now, more than 47 million Americans are on food stamps.
According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.
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According to the U.S. Census Bureau, 49 percent of all Americans live in a home that receives direct monetary benefits from the federal government. Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government
*All the text in bold above, are links to the sources of info.
Is the economy of the USA in good shape?
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