I’ve warned the nation that his goal was to follow the detailed plan of Cloward and Piven, two former Columbia University professors, who advocated overwhelming the system and collapsing the U.S. economy to weaken (and eventually destroy) capitalism.
*Unemployment is over 8% for 42 straight months… But more importantly, the REAL unemployment rate (including the under-employed and those who have given up looking)…is in the range of 20%…Higher than in 10 of the 12 years of the Great Depression.
*The Labor Force Participation Rate among men is the lowest since 1948.
*Last month U.S. manufacturing activity plummeted to the lowest level in 3 years.
*The housing collapse is now deeper than at the peak of the Great Depression.
*46 million Americans are now on food stamps, record numbers on welfare.
*The record 11 million Americans now on disability is larger than the population of New York City, as well as the population of a majority of the 50 states.
*Over 100 million Americans get entitlement checks. (Almost 1 out of every 3 Americans.)
*One sixth of all personal income in the USA is now provided by government.
*The net worth of the average American is down a whopping 40%.
*New business startups are at the lowest level in 30 years.
*The U.S. credit rating has been downgraded for first time in history.
A new poll shows 83% of all doctors are thinking of retiring, at the same time we are adding 30 million new patients.
The architect is the same government that runs Amtrak and the U.S. Postal Service.
There are only 3 industries enjoying a boom in this Obama economy…Gun shops, foreclosure specialists, and print shops- now working 24 hours a day to keep up with demand for “Going Out of Business” signs.
With 60,000 new rules, regulations, and mandates in only 3 years, this is the Obama plan. It is a plan from an administration openly hostile to private business, closely following Cloward and Piven’s plan to purposely collapse the U.S. economy and weaken capitalism… With the EPA attempting to put the coal industry completely out of business…
With the resulting massive increases in energy and gasoline prices…
With thousands of new IRS agents hired to harass & intimidate business owners…
With massive new tax increases looming…
With 3000 pages of Obamacare containing 23 new taxes…
With 2000 pages of Dodd Frank- bringing banks and Wall Street and private equity and venture capital to a standstill…
With $115 TRILLION in debt and unfunded liabilities at the federal level…
With states, counties, and cities even more broke and insolvent than the federal government. The debt in Cook County, Illinois is now $108 billion. California is so broke, illegal immigrants are crossing the border back to Mexico.
How out of control is the debt? During Obama’s reign the national debt hit a number for one day that was higher than the deficit for the entire year 2007. The debt is now so monumental that if the IRS taxed every citizen in the USA 100% of our earnings, we still couldn’t achieve a balanced budget. This is a cold, calculated plan to collapse the U.S. economy and weaken capitalism.
Source—blaze, wayne root,