Results 1 to 14 of 14

Thread: 26 Incredible Facts About The Economy That Every American Should Know For The Trump-Clinton De

  1. #1

    26 Incredible Facts About The Economy That Every American Should Know For The Trump-Clinton De

    26 Incredible Facts About The Economy That Every American Should Know For The Trump-Clinton Debate
    By Michael Snyder, on September 25th, 2016

    Are you ready for the most anticipated presidential debate in decades? It is being projected that Monday’s debate between Donald Trump and Hillary Clinton could potentially break the all-time record of 80 million viewers that watched Ronald Reagan and Jimmy Carter debate back in 1980. Many Americans probably hope to see some personal fireworks between the two nominees, but the two candidates have both expressed a desire to focus on substantive issues. There will likely be quite a few questions about the economy, and without a doubt this is an area where Trump and Clinton have some very sharp differences. The mainstream media would have us believe that the U.S. economy is in pretty good shape, and if that was true that would seem to favor Clinton. But is it actually true? The following are 26 incredible facts about the economy that every American should know for the Trump-Clinton debate…

    #1 When Barack Obama entered the White House, the U.S. government was 10.6 trillion dollars in debt. Today, the U.S. government is 19.5 trillion dollars in debt, and Obama still has several months to go until the end of his second term. That means that an average of more than 1.1 trillion dollars a year will be added to the national debt during his presidency. We are stealing a tremendous amount of consumption from the future to make the economy look much, much better than it otherwise would be, and we are systematically destroying the future in the process.

    #2 As Obama prepares to leave office, the rate at which we are adding to the national debt is actually increasing. During the fiscal year that is just ending, the U.S. government has added another 1.36 trillion dollars to the national debt.

    #3 It isn’t just the federal government that is on a massive debt binge. Total U.S. corporate debt has nearly doubled since the end of 2007.

    #4 Default rates on U.S. corporate debt are the highest that they have been since the last financial crisis.

    #5 Corporate profits have fallen for five quarters in a row, and it is being projected that it will be six in a row once the final numbers for the third quarter come in.

    #6 During the month of August, commercial bankruptcy filings were up 29 percentcompared to the same period a year ago.

    #7 The rate of new business formation in the United States dropped dramatically during the last recession and has hovered at that new lower level ever since.

    #8 The Wall Street Journal says that this is the weakest “economic recovery” since 1949.

    #9 Barack Obama is on track to be the only president in all of U.S. history to never have a single year when the U.S. economy grew by at least 3 percent.

    #10 In August, the Cass Freight Index dipped to the lowest level that we have seen for that month since 2010. What this means is that the total amount of stuff being shipped around the country by air, by rail and by truck is really dropping, and this is a clear sign that real economic activity is slowing down in a major way.

    #11 Capital expenditure growth has turned negative, and history has shown that this is almost always followed by a new recession.

    #12 The percentage of Americans with a full-time job has been sitting at about 48 percent since 2010. You have to go back to 1983 to find a time when full-time employment in this country was so low.

    #13 The labor force participation rate peaked back in 1997 and has been steadily falling ever since.

    #14 The “inactivity rate” for men in their prime working years is actually higher todaythan it was during the last recession.

    #15 The United States has lost more than five million manufacturing jobs since the year 2000 even though our population has become much larger over that time frame.

    #16 If you can believe it, the total number of government employees now outnumbers the total number of manufacturing employees in the United States by almost 10 million.

    #17 One study found that median incomes have fallen in more than 80 percent of the major metropolitan areas in this country since the year 2000.

    #18 According to the Social Security Administration, 51 percent of all American workers make less than $30,000 a year.

    #19 The rate of homeownership in the U.S. has fallen every single year while Barack Obama has been in the White House.

    #20 Approximately one out of every five young adults are currently living with their parents.

    #21 The auto loan debt bubble recently surpassed the one trillion dollar mark for the first time ever.

    #22 Auto loan delinquencies are at the highest level that we have seen since the last recession.

    #23 In 1971, 61 percent of all Americans were considered to be “middle class”, but now middle class Americans have actually become a minority in this nation.

    #24 One recent survey discovered that 62 percent of all Americans have less than $1,000 in savings.

    #25 According to the Federal Reserve, 47 percent of all Americans could not even pay an unexpected $400 emergency room bill without borrowing the money from somewhere or selling something.

    #26 The number of New Yorkers sleeping in homeless shelters just set a brand new record high, and the number of families permanently living in homeless shelters is up a whopping 60 percent over the past five years.

    Despite all of the facts that you just read, the truth is that there is one particular group of people that have been doing quite well during the Obama years. I really like how Charles Hugh Smith made this point in one of his recent articles…

    The top 5% of households that dominate government, Corporate America, finance, the Deep State and the media have been doing extraordinarily well during the past eight years of stock market bubble (oops, I mean boom) and “recovery,” and so they report that the economy is doing splendidly because they’ve done splendidly.

    By recklessly creating money out of thin air and pumping it into the financial markets, the Federal Reserve has greatly enriched the elite, but they have also dramatically increased the gap between the very wealthy and the rest of us. Since he has been in the White House during this time, Barack Obama has gotten the credit for this temporary stock market bubble, and most of the elite love Obama anyway.

    But in the process the stage has been set for the greatest economic and financial implosion in U.S. history, and the pain that is coming is going to affect every man, woman and child in this country.

    During the debate, Trump and Clinton will talk a lot about tinkering with tax rates and regulations, but those measures are essentially going to be meaningless when compared to the massive economic tsunami that is coming. The next president is going to inherit the biggest economic problems that this nation has ever faced, and it is going to take a miracle of Biblical proportions to turn the U.S. economy in the right direction.

    http://theeconomiccollapseblog.com/a...clinton-debate
    Pfizer Macht Frei!

    Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.


    Quiz: Test Your "Income" Tax IQ!

    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.



  2. Remove this section of ads by registering.
  3. #2
    Just so you know ( # 12 ) , I had a full time job in 1983 so I have been doing my part . If # 16 is correct excluding military , then that would probably clinch the US as third world by the end of the next downturn.

  4. #3
    Zippy says BS.
    "Liberty lies in the hearts of men and women; when it dies there, no constitution, no law, no court can save it; no constitution, no law, no court can even do much to help it."
    James Madison

    "It does not take a majority to prevail ... but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men." - Samuel Adams



    Μολὼν λάβε
    Dum Spiro, Pugno
    Tu ne cede malis sed contra audentior ito

  5. #4

  6. #5

  7. #6
    On schedule
    "Liberty lies in the hearts of men and women; when it dies there, no constitution, no law, no court can save it; no constitution, no law, no court can even do much to help it."
    James Madison

    "It does not take a majority to prevail ... but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men." - Samuel Adams



    Μολὼν λάβε
    Dum Spiro, Pugno
    Tu ne cede malis sed contra audentior ito

  8. #7
    Quote Originally Posted by puppetmaster View Post
    On schedule
    Nope. He was late. Took him almost 12 hours to respond with a link. I think Zippy's drinking on the job again.
    Quote Originally Posted by Ron Paul View Post
    The intellectual battle for liberty can appear to be a lonely one at times. However, the numbers are not as important as the principles that we hold. Leonard Read always taught that "it's not a numbers game, but an ideological game." That's why it's important to continue to provide a principled philosophy as to what the role of government ought to be, despite the numbers that stare us in the face.
    Quote Originally Posted by Origanalist View Post
    This intellectually stimulating conversation is the reason I keep coming here.

  9. #8
    Quote Originally Posted by Suzanimal View Post
    Nope. He was late. Took him almost 12 hours to respond with a link. I think Zippy's drinking on the job again.
    Zippy doesnt work weekends, he works Bankster hours! :P
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.



  10. Remove this section of ads by registering.
  11. #9
    Quote Originally Posted by Danke View Post


    #1 When Barack Obama entered the White House, the U.S. government was 10.6 trillion dollars in debt. Today, the U.S. government is 19.5 trillion dollars in debt, and Obama still has several months to go until the end of his second term. That means that an average of more than 1.1 trillion dollars a year will be added to the national debt during his presidency. We are stealing a tremendous amount of consumption from the future to make the economy look much, much better than it otherwise would be, and we are systematically destroying the future in the process.
    I wanted to focus on this, because it is so frequently discussed. True, Obama has more than doubled the debt...he is on track to have more debt than all his predecessor's combined (though, again, Congress sets budgets and the Obama is controlling the Fed's QE).

    But, consider this: Obama is on track to finish his term with the private sector having about $3.8 trillion in financial wealth. Yes, much of that is concentrated in a few hands, and in corporate wealth. But he's presided over a $1.4 trillion addition to the US private sector savings, even though he inherited a net loss of ~$250 billion/year. Resultantly, the debt:savings ratio is healthier than any times it has been post-Carter. That is almost more wealth than the rest of the president’s combined.

  12. #10
    Quote Originally Posted by Dr.No. View Post
    But, consider this: Obama is on track to finish his term with the private sector having about $3.8 trillion in financial wealth. Yes, much of that is concentrated in a few hands, and in corporate wealth. But he's presided over a $1.4 trillion addition to the US private sector savings, even though he inherited a net loss of ~$250 billion/year. Resultantly, the debt:savings ratio is healthier than any times it has been post-Carter. That is almost more wealth than the rest of the president’s combined.
    That's terrific! My heart is warmed whenever bankers and hedge fund managers can add trillions of dollars to their bank accounts and make the aggregate numbers look like we all got wealthier instead of poorer over the last eight years. I say we petition to have Barack run for a third term. Just ignore the 22nd amendment since they ignore all of the other ones anyway.

  13. #11
    Quote Originally Posted by Dr.No. View Post
    I wanted to focus on this, because it is so frequently discussed. True, Obama has more than doubled the debt...he is on track to have more debt than all his predecessor's combined (though, again, Congress sets budgets and the Obama is controlling the Fed's QE).

    But, consider this: Obama is on track to finish his term with the private sector having about $3.8 trillion in financial wealth. Yes, much of that is concentrated in a few hands, and in corporate wealth. But he's presided over a $1.4 trillion addition to the US private sector savings, even though he inherited a net loss of ~$250 billion/year. Resultantly, the debt:savings ratio is healthier than any times it has been post-Carter. That is almost more wealth than the rest of the president’s combined.
    Congress writes the budget. They determine spending and deficits/ debt. But even so, the budget has barely been increased under his presidency.


  14. #12
    Quote Originally Posted by Zippyjuan View Post
    Congress writes the budget. They determine spending and deficits/ debt. But even so, the budget has barely been increased under his presidency.

    You are omitting a few years for Obama in that chart. The 2010-2017 budgets are all under his watch.

  15. #13
    So what are those figures? How much have they increased? (again noting that Congress determines how big it is)?

    2010 budget (first full fiscal year Obama budget- 2009 was passed under Bush) spending: $3.5 trillion. https://en.wikipedia.org/wiki/2010_U...federal_budget

    2016 budget: $3.9 trillion http://federal-budget.insidegov.com/l/119/2016-Estimate

    Total increase: 11% in six years.

    Last edited by Zippyjuan; 10-02-2016 at 02:27 PM.

  16. #14
    Quote Originally Posted by Zippyjuan View Post
    So what are those figures? How much have they increased? (again noting that Congress determines how big it is)?

    2010 budget (first full fiscal year Obama budget- 2009 was passed under Bush) spending: $3.5 trillion. https://en.wikipedia.org/wiki/2010_U...federal_budget

    2016 budget: $3.9 trillion http://federal-budget.insidegov.com/l/119/2016-Estimate

    Total increase: 11% in six years.

    AFAIK, Obama inherited a deficit of about 1 trillion. Sure he didn't control the initial 2009 budget, but he definitely enacted some measures to add to it.

    Plus, can argument can be made that some of Obama's budget savings are due to tax hikes. He's still accelerated the spending of the government by a decent amount.

    And that really isn't the central part of my first point. I was acknowledging that his fiscal policy has resulted in a huge boost to the savings of the US private sector.



Similar Threads

  1. Bill Clinton Would Be 'in Charge of Revitalizing the Economy,' Hillary Clinton Says
    By timosman in forum 2016 Presidential Election: GOP & Dem
    Replies: 2
    Last Post: 05-05-2017, 07:21 PM
  2. Trump Takes Lead Over Clinton -- Rasmussen: Trump 41%, Clinton 39%
    By openfire in forum 2016 Presidential Election: GOP & Dem
    Replies: 27
    Last Post: 05-03-2016, 09:34 AM
  3. Replies: 12
    Last Post: 01-02-2016, 03:02 AM
  4. Why was the American economy prosperous under Clinton?
    By CroSpartacus in forum Economy & Markets
    Replies: 34
    Last Post: 11-08-2012, 12:01 AM
  5. Replies: 2
    Last Post: 06-21-2012, 11:33 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •