No, the economy is most definitely not "recovering". Despite what you may hear from the politicians and from the mainstream media (shrugging off today's terrible GDP print), the truth is that the U.S. economy is in far worse shape than it was prior to the last recession. In fact, we are still pretty much where we were at when the last recession finally ended. When the financial crisis of 2008 struck, it took us down to a much lower level economically.
Thankfully, things have at least stabilized at this much lower level. For example, the percentage of working age Americans that are employed has stayed remarkably flat for the past four years. We should be grateful that things have not continued to get even worse. It is almost as if someone has hit the "pause button" on the U.S. economy. But things are definitely not getting better, and there are a whole host of signs that this bubble of false stability will soon come to an end and that our economic decline will accelerate once again.
The following are 17 facts to show to anyone that believes that the U.S. economy is just fine...
#1 The homeownership rate in the United States has dropped to the lowest level in 19 years.
#2 Consumer spending for durable goods has dropped by 3.23 percent since November. This is a clear sign that an economic slowdown is ahead.
#3 Major retailers are closing stores at the fastest pace that we have seen since the collapse of Lehman Brothers.
#4 According to the Bureau of Labor Statistics, 20 percent of all families in the United States do not have a single member that is employed. That means that one out of every five families in the entire country is completely unemployed.
#5 There are 1.3 million fewer jobs in the U.S. economy than when the last recession began in December 2007. Meanwhile, our population has continued to grow steadily since that time.Read the next 12 Facts HERE.
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« Clinton–era • Roots of the • FINANCIAL CRISIS »
Seldom has such a RADICAL Proposal
been so ignored during a campaign
only to later lead to such DEVASTATING CONSEQUENCES.
The CLINTON administration lost the battle to
use pensions to fund LOW–INCOME HOUSING,
but it succeeded in winning the war
by drafting Fannie Mae, Freddie Mac and the
commercial banking system into the AFFORDABLE–HOUSING effort.
www.aei.org/article/economics/the-clinton-era-roots-of-the-financial-crisis
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ZeroHEDGE.com says Goodbye to Blythe Masters
Pioneer Behind Credit Derivatives is Leaving JPMorgan
www.pbs.org/wgbh/pages/frontline/business-economy-financial-crisis/money-power-wall-street/pioneer-behind-credit-derivatives-is-leaving-jpmorgan/
www.zerohedge.com/news/2014-04-02/goodbye-blythe-masters
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• MONEY, Power and Wall Street •
www.pbs.org/wgbh/pages/frontline/money-power-wall-street/
FRONTLINE tells the inside story of the • Global FINANCIAL CRISIS •
Wall Street — the industry that led America and the world
into its worst economic CRISIS since the Great Depression.
www.pbs.org/wgbh/pages/frontline/business-economy-financial-crisis/money-power-wall-street/transcript-19/
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Brooksley Born, Alan Greenspan, and The Warning
www.pbs.org/wgbh/pages/frontline/warning/etc/script.html
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What are you trying to protect ?
______________________________________
BROOKSLEY BORN:
We're trying to protect the money of the American public,
which is at risk in these markets.
______________________________________
Long before the economic MELTDOWN,
the story of one WOMAN who tried to
WARN about the THREAT to the Financial System.
And she tried to sound the WARNING. Nobody listened.
Before the TOXIC assets POISONED the economy,
she WARNED of their DANGER.
And that made her the ENEMY of
a very, very large number of people.
She would fight an EPIC BATTLE with
one of the most powerful men in Washington.
It got pretty nasty pretty quickly.
A story from inside the highest levels of
the Bill CLINTON administration.
They were all part of a very concerted effort
to SHUT HER UP and to SHUT HER DOWN.
And they did, in fact,
SHUT HER UP and SHUT HER DOWN.
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BROOKSLEY BORN, CFTC Chair, 1996 – 1999:
My law practice was in the derivatives area.
I'd practiced derivatives law for more than 20 years.
______________________________________
Brooksley Born, Alan Greenspan, and The WARNING
www.pbs.org/wgbh/pages/frontline/warning/etc/script.html
______________________________________
ZeroHEDGE.com says Goodbye to Blythe Masters
Pioneer Behind Credit DERIVATIVES is Leaving JPMorgan
www.pbs.org/wgbh/pages/frontline/business-economy-financial-crisis/money-power-wall-street/pioneer-behind-credit-derivatives-is-leaving-jpmorgan/
www.ZeroHEDGE.com/news/2014-04-02/goodbye-blythe-masters
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Searching the WEB repository REVEALS that:
TEAM Bill CLINTON & Wall Street
Fueled FINANCIAL CRISIS of 2008
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» Bill CLINTON Pushing Home Ownership to
new highs via government COERCION.
» Pres. Bill CLINTON and Robert RUBIN —
unleashing Wall Street RISK–taking.
Bill CLINTON signed into law in 2000:
The Commodity Futures Modernization Act,
which Exempted Over–the–Counter
SWAPS and DERIVATIVES from Regulation.
The idea was to Distribute RISK; unfortunately,
the effect was to Magnify RISK.
______________________________________
Banks lurched from CAUTION to bubble-inflating RECKLESSNESS
______________________________________
Two PEAS in a POD
» Pres. Bill CLINTON and Robert RUBIN —
unleashing Wall Street RISK–taking.
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« Clinton–era • Roots of the • FINANCIAL CRISIS »
www.aei.org/article/economics/the-clinton-era-roots-of-the-financial-crisis
_____________________________________
How 'Reckless' Greed Contributed To FINANCIAL CRISIS
Reckless Endangerment: How Outsized Ambition, Greed,
and Corruption Led to Economic Armageddon
www.q-and-a.org/Transcript/?ProgramID=1398
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FRONTLINE tells the inside story of
the global FINANCIAL CRISIS
www.pbs.org/wgbh/pages/frontline/money-power-wall-street
______________________________________
Wall Street built a DOOMSDAY MACHINE
Turning Garbage into GOLD
http://upstart.bizjournals.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom.html?page=all
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The True Story of the FINANCIAL CRISIS
http://spectator.org/print/37680
______________________________________
Brooksley Born, Alan Greenspan, and The Warning
www.pbs.org/wgbh/pages/frontline/warning/etc/script.html
______________________________________
The Brass Standard
www.nationalreview.com/node/316725/print
www.nationalreview.com/articles/316725/brass-standard-thomas-sowell
______________________________________
About those POLICIES that got us into this Mess
www.BLOOMBERG.com/news/print/2012-09-12/about-those-policies-that-got-us-into-this-mess-caroline-baum.html
______________________________________
The 2008 Banking COLLAPSE and the Great Recession —
Everyone who is concerned about what is going on in in our country should read The Contract On The Government. It is the book the politicians and bureaucrats DO NOT want you to read. Find out more here: http://www.thecontract.us/
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