According to politicians and the media, the American economy has slowly been recuperating and improving. It is a little odd that with these “improving” conditions the U.S. Census Bureau reports that approximately one in every six Americans is living in poverty. If that’s not enough to question whether the economy is improving or not, over 100 million (of age) Americans are currently unemployed. Keep in mind the population of the United States sits under 330 million. Now with these two examples it should be very clear that the U.S. economic crisis isn’t over, it may just be the calm before the storm.
In the last week of March unemployment weekly claims skyrocketed to 385,000 with a “danger level” of 400,000 being the indicator of real financial crisis. Not only is unemployment still steadily decreasing, but also with current speculation as to what action corporations and businesses will take with the passing of Obama care, unemployment is said to go up. With a 5,000-dollar fine for every employee without health care it is hard to say otherwise. This along with our long-term economic decline due to reckless money printing could trigger the next American recession, a recession which will be much worse that the one we are supposedly just getting over.
Although some may point to the high, never seen before corporate profits that are being made y ou must look at ever shrinking middle class. Due to economic duress more and more American families are living in poverty. Nowadays one in four American workers are working for ten dollars or less an hour and those one in four also fall under the category of workers who bring homes wages at or below a poverty level. It is at this point that the economic bubble comes to near bursting. When companies like McDonald’s, who have always hired younger Americans in part-time positions, require that you have a bachelor’s degree and one to two years of experience it may start to get more and more difficult to find employment. When even the service sector is buckling down on employment one can only imagine what white-collar professionals who are out of work must be going through.
With current tensions brewing in North Korea and the bank crisis in Cyprus, the recipe for a possible economic collapse is almost complete and the situation is very fragile. A series of events could easily trigger the next recession and would we have the ability to bounce back? Here are some more examples of statistics gathered on the current situation here at home:
When Barack Obama took office the number of Americans on food stamps was 32 million. Now that number is at an all-time record 47.79 million Americans are now on food stamps. Approximately of all children in the United States are currently living in homes that are either considered to be either "low income" or impoverished.
According to one calculation , the number of Americans on food stamps now exceeds the combined populations of "Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming
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