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14 Statistics: How U.S. Economy Has Collapsed Since 2007

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  • 14 Statistics: How U.S. Economy Has Collapsed Since 2007

    In a "mere" three years, the economy of the United States has collapsed, whether the "experts" want to admit it or not.

    "Most Americans have become so accustomed to the "new normal" of continual economic decline that they don't even remember how good things were just a few short years ago. Back in 2007, unemployment was very low, good jobs were much easier to get, far fewer Americans were living in poverty or enrolled in welfare programs and government finances were in much better shape. Of course most of this prosperity was fueled by massive amounts of debt, but at least times were better. Unfortunately, things have really deteriorated over the last several years. Since 2007, unemployment has skyrocketed, foreclosures have set new all-time records, personal bankruptcies have soared and U.S. government debt has gotten completely and totally out of control. Poll after poll has shown that Americans are now far less optimistic about the future than they were in 2007. It is almost as if the past few years have literally sucked the hope out of millions upon millions of Americans."

    four years ago, almost anything is possible, today we have to ask Washington or China to see if we can do it.

    "#2 In November 2007, 18.8% of unemployed Americans had been out of work for 27 weeks or longer. Today that percentage is up to 41.9%.

    #3 As 2007 began, there were just over 1 million Americans that had been unemployed for half a year or longer. Today, there are over 6 million Americans that have been unemployed for half a year or longer.

    #4 Nearly 10 million Americans now receive unemployment insurance, which is almost four times as many as were receiving it back in 2007."

    We need a revolution in Washington and the State capitols--studies, commissions, hearings will only make it harder to survive, flourishing will not be an option.

    Pass this on, let others know how serious it has become. Obama in 2012 and total collapse in 2013. Not a doubt or question.


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