16 New Records The Obama Administration Has Set During The Past 12


16 New Records The Obama Administration Has Set During The Past 12
Months… They’re All Economic And They Are All Bad

Over the past twelve months, the U.S.  economy has continued to come
apart like a 20 dollar suit.  During that time it seems like more bad
economic news has been coming out nearly every single day.  Instead of
getting better, the problems facing the U.S.  economy only seem to be
multiplying.  The U.S.  government and the U.S.  financial system
continue to absolutely drown in debt.  Factories, jobs and massive
amounts of wealth continue to fly out of the United States every month
at an astounding pace.  Meanwhile, the number of Americans enrolled in
anti-poverty programs continues to shatter records and the U.S.
housing industry continues to set records for futility.  The truth is
that less Americans are living the American Dream today than were
living it twelve months ago.  The U.S.  economy is in a serious state
of decline, and it is time for all of us to wake up and admit the
truth.

But most Americans are so addicted to entertainment that they aren’t
even noticing that the greatest economic machine in the history of the
world is literally falling apart all around them.  Unfortunately, most
Americans seem to be much more interested in Dancing With The Stars,
their favorite NFL teams or what Lady Gaga happens to be doing than in
what is happening with the economy.

We are not guaranteed to be a wealthy, prosperous nation forever.
Decades of really, really bad decisions are now catching up with us,
and if we do not turn things around soon we are headed for an
unprecedented economic disaster.

The following are 16 new records that the American economy has set
during the past 12 months .

#1 U.S.  banks repossessed a record total of 102,134 homes in
September.  That was the very first time that home repossessions in
the United States have ever surpassed the 100,000 mark during one
month.

#2 The price of gold hit another record high on Thursday as the U.S.
dollar continues to get even weaker.

#3 Household spending for the middle fifth of all U.S.  income earners
was down 3.5% in 2009.  That was the steepest one year decline since
records began being kept back in 1984.

#4 The number of Americans enrolled in the food stamp program passed
the 41 million mark for the first time ever during the month of June.

#5 The number of Americans enrolled in the food stamp program has set
a new all-time record for 20 consecutive months.

#6 The Census Bureau says that 43.6 million Americans are now living
in poverty and according to them that is the highest number of poor
Americans that they have ever recorded in 51 years of record-keeping.

#7 According to the Associated Press, experts believe that in 2009 the
U.S.  poverty rate experienced the largest single year increase since
the U.S.  government began calculating poverty figures back in 1959.

#8 It is projected that the major financial firms on Wall Street will
pay out an all-time record of $144 billion in compensation for 2010.

#9 In July, sales of new homes in the United States declined to the
lowest level ever recorded.

#10 As of last March, U.S.  banks had an inventory of 1.1 million
foreclosed homes, which was a new all-time record and which was up 20
percent from one year earlier.

#11 The number of Americans working part-time jobs “for economic
reasons” is now the highest it has been in at least five decades.

#12 Earlier in 2010, the average time needed to find a job had risen
to a record 35.2 weeks.

#13 As millions of Americans struggled just to survive in this
economy, the number of marriages fell to a record low in 2009.

#14 A record 50 million Americans are now on Medicaid, the U.S.
government health care program designed principally to help the poor.

#15 Americans now owe more than $849 billion on student loans, which
is a new all-time record.

#16 The U.S.  government has accumulated a national debt that is
rapidly approaching 14 trillion dollars.  The U.S.  national debt sets
a new all-time record every single month with no end in sight.

The above article was first published in The American Dream.

BLOGGERS NOTE: This is the same bunch of traitors who asked for biofuels production technology and turned their backs on us when they wanted to give the funds to their friends who had no technology eventhough we have had a system ready to go for over a year.

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About @IBScipio
Hard working, hard thinking and hard playing. Patent holder, and guy who wants to make the world a better place.

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