Mainstream Media & Talking Heads (TelePrompter readers):
Everything is OK - We're in a recovery - Jobless numbers are lower......so
Don't Worry - Be Happy.....Bobby McFerrin...1989
HOME PRICE ......recovery:
Home prices in the United States hit a 10 year low in the month of January.
Home prices are now down 34.4 percent from the peak in 2006.
Cities are Recovering .....Just Fine:
City of Baltimore, Maryland is so broke that it has decided to look into selling off some of the most famous historical landmarks in the city.
City of Costa Mesa, California is so broke that is has decided to sell off its police helicopters.
City of Trenton, New Jersey is so broke that it has decided to indefinitely postpone buying more toilet paper for city buildings.
City of Harrisburg, (capital of) Pennsylvania is so broke that it has decided to start skipping debt payments.
City of Los Angeles, California will be laying off "a large number of employees".
The State of Nevada has a 12.3 percent unemployment rate.
Don't worry about a thing:
Yahoo is going to be laying off thousands of workers.
Best Buy has just announced plans to close 50 stores.
JPMorgan Chase CEO Jamie Dimon - the risk of recession....
Total student loan debt in America has now passed the 1 trillion dollar mark,
270 billion dollars of student loans are at least 30 days delinquent.
The savings rate in the United States has fallen back to pre-financial crisis levels.
The average price of a gallon of gasoline is rapidly approaching the $4.00 mark.
Median household income is down 7.8 % since December 2007 after adjusting for inflation.
When Barack Obama took office, the number of "long-term unemployed workers" in the United States was approximately 2.6 million. Today, that number is sitting at 5.6 million.
20% of Americans will be 65 or older by 2030 and nobody has any idea where all the money is going to come from to pay them the benefits that they have been promised.
More Americans are dependent on government than any other time in U.S. history.
The number of Americans on food stamps has increased by 14 million since 2008.
The U.S. government will add more to the national debt in 2012.
The U.S. national debt is currently increasing by about 150 million dollars every single hour.
The Federal Reserve bought 61% of all government debt issued by the U.S. Treasury in 2011.
Links to stories and topics from the blog: The Economic Collapse