Thoughts on the Economy

Hi to all of my friends,

I'm back in Oregon, serving the last part of my GSS, Government Sponsored Sabbatical. I haven't written to many political things lately. The election was a downer. I see our country being taken in directions that are so destructive. I see this clearly.

They say that numbers should talk to us. Sometimes they do. Sometimes they sing a happy tune. Sometimes, like now, they scream.

The following is a grouping of numbers, associated with the last four years of this administration. You may wonder who supplied these. Well, it's the administration's own BLS, Bureau of Labor Statistics. These numbers do tell a very sad story. It's now funny to hear the people in DC, one in particular, lie through his teeth. I'll end this with a few of those lies.

These numbers are a comparison of facts on the day President Obama took office and what they are now. You'll be able to draw your own conclusions.
 
THE REAL STATE OF THE UNION
On Inauguration Day, 2009:

• There were 134,379,000 people with jobs. Unemployment rate was 7.3%  Now there are 134,021,000. Unemployment rate is 7.8%. It just ticked up to 7.9% last week.

Quick note: The administration last week touted the fact that 137,000 new jobs were created. They did not mention that 159,000 people totally dropped out of the labor force, not being able to find a job. Neither did they mention that 379,000 new people filed for unemployment.

• In January of 2009 there were 32,200,000 people on Food Stamps. Now there are 47,500,000.

They sure hate it when anyone calls him the Food Stamp President, saying it's racist, though most of these people are white.

• In 2009 the poverty rate was 13.2%, today it's 15%.
• Residential Real Estate is down nationwide on average about 40%, more in some areas.
• In 2009 the Social Security Administration Trustees said the Trust Fund will be broke in 2041. Now they say that it will be broke in 2037, Also that Medicare Hospital Fund will be exhausted in 2021.
• In 2009 the national debt was $10,637,000,000,000, or $34,782 for every man, woman and child in the country. Today we're $16,435,000,000,000, or $52,139 for every person.
• The public debt was 40.8% of GDP, Gross Domestic Product. GDP is the sum of all goods and services produced in this country.  Today the public debt is 72.8%, and the CBO (Congressional Budget Office), says it will hit 76% this year.

This is not healthy. It means the government is using more and more of every dollar in the economy. They do not have money to give away unless the take it first or borrow it. Today, they are borrowing 46 cents on every dollar they spend.

WISE WORDS

Years ago, Margaret Thatcher said: "Liberalism always fails, because sooner or later they run out of other's people's money"

• In 2009 the median family income was $51,190, today it's $50,054.

Note: Household income decreased more in this so-called recovery than in the

so-called Bush Recession.

• And High Schools and Colleges keep graduating people, and everyone keep getting older, millions entering th workforce. There are 8,600,000 more people in the workforce, and a huge percentage cannot find work.

Note: They need to come to my seminars or read my books. Go to wadecook.org and sign the guest register and we'll notify you when the next cash flow money machine is ready to launch.

Since the beginning of this administration, Economic Growth has been .04%. It was 1.6% in the previous ten years. It was 2.6% in the previous twenty years, and 3.2% since WWII. Last week they said the GDP contracted (Shrunk) .01% for the last Quarter of last year. And they call this a recovery. One more quarter of contraction and we're officially in a recesion. Those of us that study these numbers and events know we've been in a recession for a long time.

REVENUE VERSUS SPENDING
In 2008 Revenue was $2,524,000,000,000. This fiscal year it is $2,913,000,000,000. Oh, the budget is about $3.7 trillion, chalking up another huge deficit.

Bobby Jindal said:  we have the "RIGHT TO RISE."

I agree. These numbers are sickening. And they are so predictable. You can see the catastrophe coming, and it's not coming in slow motion anymore. We all have to do our own part and not be part of this slow-down. We need to do more, be more and accomplish more. Just choose not to participate in this bad economy. Create your own Stimulus Package.

I'll see what I can do to help.

Check out my new configuration of updated and edited E-Manuals and E-Books.
Link: http://1817chhs-suqal2zo9s6lv22hop.clickbank.net/
At least get the Special Report while you're there. It's called:
             HOW TO GET A SECOND PAYCHECK WITHOUT GETTING A SECOND JOB.

God Bless you all to prosper in the coming year.
Wade