America Betrayed

the land of (rancid) milk and honey

 

America is rotting away, and something must be done—fast.  How can you help?  You can spread the word.

You must.

Here are the best points you can use to convince your family, friends, and coworkers of America’s economic decline:

  1. America’s GDP growth per person is the slowest it has been since the Great Depression. Between 2010 and 2015 it grew 0.147% on average, during the Great Depression, it grew 0.34% on average—twice as fast.
  1. Income inequality is the worst it has been since the 1920s, and it is still widening. Right now, America is on the same level as Brazil, Russia, and Mexico.
  1. American’s wages have fallen since 1973, and it is costing the median household $17,000 a year in lost income.
  1. The median family’s purchasing power has declined since the 1980s. They used to spend 50% of their income on wants (not needs), now they spend 36.7% on wants—the worst performance since the 1960s.
  1. Over 22 million Americans are unemployed, not 8 million. The unemployment rate is 13.3%%, not 5.3%.  The government is lying.
  1. America has lost over 7 million good-paying manufacturing jobs since 1979—over 4 million since China joined the World Trade Organization. If they say this was caused by automation, tell them that is only half the story: the real reason was that output did not increase alongside productivity.
  1. America no longer makes laptops, mobile phone, TVs, lightbulbs, dress shirts, or spoons and forks. On top of this, we are losing our most advanced industries: 38% of America’s research has been offshored.
  1. The trade deficit is over $700 billion per year. It is as big as the Netherlands, South Africa, or the Philippines. If you include remittances, foreign aid and UN payments, stolen intellectual property, and interest payments on foreign-owned debt, it is over $1.3 trillion per year.
  1. The cumulative deficit over the last 20 years is over $11 trillion: as big as the USA in 2003.
  1. America is being bought up by foreigners, who now own 20% of US stocks, 43% of US corporate bonds, and 47% of our national public debt. We pay them $105 billion per year, and this number is going up. With that money, we could fund 5 NASAs.