COLLAPSE: Count on it.....
This information from zerohedge.....there is much more information
at the link....
I cherry picked the bullet points
for this post.
#1 According to the World Bank, U.S. GDP accounted for 31.8 percent
of all global economic activity in 2001. That number dropped to 21.6
percent in 2011.
#2 The United States was once ranked #1 in the world in GDP per capita.
Today we have slipped to #14
#3 The United States has fallen in the global economic
competitiveness rankings compiled by the World Economic Forum for four years in a row.
#4 Since the year 2000, the size of the U.S. national debt has grown
by more than 11 trillion dollars.
#5 Back in the year 2000, our trade deficit with China was 83
billion dollars. Last year, it was 315 billion dollars.
#6 In the year 2000, about 17 million Americans were employed in
manufacturing. Today, only about 12 million Americans are employed in
#7 The United States has lost more than 56,000 manufacturing
facilities since 2001.
#8 The United States has lost a staggering 32 percent of its
manufacturing jobs since the year 2000.
#9 Between December 2000 and December 2010, 38 percent of the
manufacturing jobs in Ohio were lost, 42 percent of the manufacturing
jobs in North Carolina were lost and 48 percent of the manufacturing
jobs in Michigan were lost.
#10 Back in 1998, the United States had 25 percent of the worldâ€™s
high-tech export market and China had just 10 percent. Today,
Chinaâ€™s high-tech exports are more than twice the size of U.S.
#11 In 2002, the United States had a trade deficit in "advanced
technology products" of $16 billion with the rest of the world. In
2010, that number skyrocketed to $82 billion.
#12 The United States has lost more than a quarter of all of its
high-tech manufacturing jobs since the year 2000.
#13 The number of full-time workers in the United States is nearly 6
million below the old record that was set back in 2007.
#14 The average duration of unemployment in the United States is
nearly three times as long as it was back in the year 2000.
#15 Throughout the year 2000, more than 64 percent of all working
age Americans had a job. Today, only 58.7 percent of all working age
Americans have a job.
#16 The official unemployment rate has been at 7.5 percent or higher
54 months in a row. That is the longest stretch in U.S. history.
#17 The U.S. government says that the number of Americans "not in
the labor force" rose by 17.9 million between 2000 and 2011. During
the entire decade of the 1980s, the number of Americans "not in the
labor force" rose by only 1.7 million.
#18 The average number of hours worked per employed person per year
has fallen by about 100 since the year 2000.
#19 The U.S. economy continues to trade good paying jobs for low
paying jobs. 60 percent of the jobs lost during the last recession
were mid-wage jobs, but 58 percent of the jobs created since then have
been low wage jobs.
#20 The U.S. economy lost more than 220,000 small businesses during
the recent recession.
#21 The percentage of Americans that are self-employed has steadily
declined over the past decade and is now at an all-time low.
#22 According to economist Tim Kane, the following is how the number
of startup jobs per 1000 Americans breaks down by presidential
Bush Sr.: 11.3
Bush Jr.: 10.8
#23 In the year 2000, there were only 17 million Americans on food
stamps. Today, there are more than 47 million Americans on food stamps.
#24 In the year 2000, the ratio of social welfare benefits to
salaries and wages was approximately 21 percent. Today, the ratio of
social welfare benefits to salaries and wages is approximately 35 percent.
#25 Since Barack Obama entered the White House, the average price of
a gallon of gasoline in the United States has risen from $1.85 to $3.64.
#26 More than twice as many new homes were sold in the United States
2005 as will be sold in 2013.
#27 Right now there are 20.2 million Americans that spend more than
half of their incomes on housing. That represents a 46 percent
increase from 2001.
#28 The price of ground beef increased by 61 percent between 2002
#29 According to USA Today, water bills have actually tripled over
the past 12 years in some areas of the country.
#30 In 1999, 64.1 percent of all Americans were covered by
employment-based health insurance. Today, only 55.1 percent are
covered by employment-based health insurance.
#31 Median household income in the United States has fallen for four
years in a row.
#32 As I mentioned recently, the homeownership rate in America is
now at its lowest level in nearly 18 years.
#33 Back in the year 2000, the mortgage delinquency rate was about 2
percent. Today, it is nearly 10 percent.
#34 Median household income for families with children dropped by a
whopping $6,300 between 2001 and 2011.
#35 Back in 2007, about 28 percent of all working families were
considered to be among "the working poor". Today, that number is up to
32 percent even though our politicians tell us that the economy is
#36 According to the Federal Reserve, the median net worth of
families in the United States declined "from $126,400 in 2007 to
$77,300 in 2010".
#37 According to the New York Times, the average debt burden for U.S.
households that earn $20,000 a year or less "more than doubled to
$26,000 between 2001 and 2010".
#38 Medicare spending increased by 138 percent between 1999 and 2010.
#39 During Obama's first term, the federal government accumulated
more debt than it did under the first 42 U.S presidents combined.
#40 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. That number has risen by 57 percent since the 2006-2007