By Wayne Allyn Root
Imagine a U.S. President presiding over a country in major economic decline: sales tax revenues plunging; unemployment growing worse by the month; petroleum sales (the foundation of our economy) sinking like a rock; GDP anemic; the real estate crash worse than the 1929 Great Depression; 40% of the net assets of the average American gone; prices for food and gas skyrocketing; and suicides going up so fast, they now outnumber deaths from car accident.
Imagine THAT. It’s unthinkable!
Now, imagine in the face of all that, the mainstream media claiming things are getting better, refusing to challenge the President when he repeats over and over again the lie that “we are in recovery,” and viciously attacking the Presidential challenger for daring to criticize the incumbent President? You’d be insane to picture that set of circumstances, right?
Sadly, it’s happening right now. We’ve gone from the world’s greatest economic superpower, to an Obama economy where Democrat leaders like Nancy Pelosi claim food stamps and unemployment benefits are economic activity. And, in our final death throes under Obama, we’ve become “The Suicide Economy.” That’s right, Americans are so happy and financially secure under Obama, they are committing suicide in record numbers. More people are now purposely killing themselves, than die in car accidents, for the first time ever.
How bad is the economy? Here are the stats the mainstream media is covering up:
A month ago, California reported sales tax revenues plunged a shocking $539 million below expectations. That’s over a half billion dollars in one state, in one month. Does that sound like a recovery to you?
The jobless rate rose in 44 states in July, including 9 out of 10 battleground states. In August, Nevada’s unemployment went back up past 12% again. Does that sound like a recovery to you?
The American Petroleum Institute reports that U.S. consumer demand for oil and other forms of petroleum in July was the lowest since 1995. Does that sound like a recovery?
The Labor Force Participation rate for all workers is the lowest since 1981…but for men it’s the lowest in over half a century (since 1948). Obama’s campaign slogan is “Forward.” When it comes to jobs we are heading 55 years backward. Does that sound like a recovery?
”Help Wanted” ads have collapsed in back-to-back months to the lowest levels since the Lehman Brothers financial disaster. Does that sound like a recovery?
Just today we heard the terrible news that durable goods orders dropped a horrific 13.2% last month. That is a measure of factory activity. This was the worst drop since the throes of the deep 2009 recession. More signs of business off the rails under Obama:
The final sobering stat is that 37,000 Americans are now committing suicide annually under Obama, more than die in car accidents- for the first time ever. Does that sound like a recovery?
There are two conclusions to be drawn from all these sobering economic statistics, but especially the rise in suicides.
First, there is no recovery. We are in far deeper economic trouble than the media admits. I’m an entrepreneur, small business owner, and Capitalist Evangelist who happens to have a media megaphone. I can tell you- from firsthand experience- what is happening at ground zero of the economy. Business is what I do, what I live, every minute of every day. And I can report that it’s ugly (and getting uglier) on Main Street.
There are no jobs. There is no improvement in business. I predict that soon after the holidays (and the election), if the massive tax increases are allowed to take effect, the U.S. economy will suffer a dramatic collapse. The stats reported above are warning signs of a coming economic Armageddon. Is anyone listening?
But as bad as things are here, Europe is the real “canary in the coal mine.” Looking at the EU is like looking into a mirror to see America’s future under Obama. Just today we see in the headlines stories about what is unfolding in Europe- unrest in the streets, rioting, violence, one third of the business in Athens out of business, middle class people starving and scavenging through dumpsters in Hungary and Greece.
All of this pain and tragedy is caused by big government and big debt. By governments spending far more than they take in. Eventually it catches up with you. Eventually the investors of the world stop loaning you money. And then the crisis hits. All at once, your country goes from a normal existence, to a Great Depression, to a daily struggle for survival.
Obama is leading us in the exact same direction as Europe. The sales tax drop in California, the drop in petroleum product sales, the drop in “Help Wanted” ads, the rise in suicides…these are all signs of where we are headed. All the tragic economic statistics above prove that even Obama and the Fed cannot print enough fake money to paper over the truth.
The second conclusion you can draw from the stats above is that the mainstream media is trying to protect Obama. They know that these statistics would doom Obama’s re-election. So they have imposed a total media blackout. You’ll never hear the truth about the state of our economy from the mainstream media.
Just consider if suicides were dramatically up under a Republican President like Reagan or Romney, at the same time the economy was in free fall, what would the media say? They would not only make the connection, they’d be trumpeting this tragedy in bold headlines 24 hours a day. They would blame the suicides on the poor economy. They’d blame it on capitalism. They’d blame it all the spending cuts and lack of compassion of a Republican President.
So far Obama gets a pass because of the biased leftist media. But history won’t be so kind. There is only one way to describe what we are all living through.
Someday history books will call this “Obama’s Suicide Economy.”
Wayne Allyn Root is a Capitalist Evangelist, entrepreneur, and Tea Party Libertarian Republican. He is a former Libertarian vice presidential nominee. He is the best-selling author of “The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gold & Tax Cuts.” His web site: www.ROOTforAmerica.com