Sunday, June 17, 2012

Is Obama Intentionally Destroying America

(RightSideNews.com) It has taken three and a half years into Barack Obama’s presidency for most Americans to realize that he has been deliberately destroying America by driving up the nation’s debt and deficit, reducing privately held wealth, forcing millions onto the public dole, undermining its moral structure, and weakening the nation’s reputation internationally.

His latest lie is that “the private sector is doing just fine”, but the numbers tell the whole story, and one can find them on an excellent blog, Economic Collapse, that offers seventy examples:

-- The official U.S. unemployment rate has been above eight percent (8%) for 40 months in a row. Unofficially, it is estimated to be closer to fifteen percent (15%).

-- In 2007, about ten percent (10%) of all unemployed Americans had been out of work for 52 weeks or longer. Today that number is above thirty percent (30%).

-- An astounding forty-nine percent (49%) of all Americans live in a home where at least one member is receiving government benefits.

-- The middle class is shrinking. Ninety-five percent (95%) of the jobs lost during the current recession were middle class jobs.

-- Instead of cutting spending to reduce debt, the Federal Reserve is “monetizing” much of the U.S. debt. It purchased “approximately sixty-one percent (61%) of all government debt issued by the U.S. Treasury in 2011.

Read The Rest Of The Story

1 comment:

  1. thanks obama out of 4 of our family only 1 has a job and commutes a 100 miles a day.

    ReplyDelete

Posted By: Chris Carmouche