50 Statistics About The U.S. Economy That Are Almost Too Crazy To Believe

[AllentownJake]

http://www.businessinsider.com/50-statistics-about-the-us-economy-that-are-almost-too-crazy-to-believe-2010-6#in-2010-the-us-government-is-projected-to-issue-almost-as-much-new-debt-as-the-rest-of-the-governments-of-the-world-combined-1

This is a fun link.

[fascisthunter]

1. keep posting

you are on Fi-re

[Mika]

2. A fun link? I got to #25 and am ready to slit my wrists.

:nuke:

---

[proudohioan]

24. I know what you mean, Mika....

I somehow managed to get through all 50 of them, but of course, I had stop and make myself a cocktail by #28. And it's only 1:30 PM.........

[OneTenthofOnePercent]

3. Kinda makes me want to go out and buy a years worth of food

and about 5000 rounds of ammunition.

[ProSense]

4. Looks like RW doom and gloom. Here's one:

"The Dow Jones Industrial Average just experienced the worst May it has seen since 1940"

Maybe a sign that the market loves financial reform?

[AllentownJake]

7. Think it is economic fundamentals

Don't know why some of the big players outside of finance would announce layoffs this past month if it was financial reform.

[Johonny]

10. looked like a mix of RW talking points like tax raises

and health care reform and LW talking points to me. Either way it is an interesting look at the current bad economy.

[AllentownJake]

12. It is interesting

That is all. There are 50 things in there, people can obsess over any of the 50 they want to.

[TheWatcher]

29. So now ANY post that reflects any kind of REALITY at all is RW Gloom and Doom.

Surely, even YOU realize at this point how silly you sound.

Bubbles Collapse, Bob.

Look into it.

[ProSense]

31. Actually,

what's silly is posting that picture and your point.

[TheWatcher]

33. No what's silly is your relentless defense and peddling of Propaganda

The picture suits you to a tee.

[inna]

34. Relentless indeed.

So much propaganda to peddle, so little time.

:sarcasm:

[neverforget]

32. "Bubbles collapse, Bob"-classic!

:rofl:

[Solly Mack]

5. Wow

:(

[jschurchin]

6. Since when is the truth crazy.

If we had any type of honest media, this data would be front page news daily, along with being the lead story daily on the tube.

The problem is that they "pretend" all is well. Green shoots, recovery taking hold, slow steady recovery, it's all bullshit. In the real world, our economy is still shedding jobs. The birth/death bullshit model is contributing phantom jobs to make it "appear" jobs are being created, when in reality, they are not.

We are soooooooooooooooooo FUCKED.

[depakid]

8. Some dodgy sources in there...

as well as some dodgy numbers.

[Brickbat]

9. Change this one, and you change a bunch of 'em:

No. 6: "More than 40% of those employed in the United States are now working in low-wage service jobs."

[MadHound]

11. A nice dose of reality for those who think that things are going just fine,

The nasty little secret is that this country, we the people are being driven into the ground by the few and the wealthy in this country and no government, no politician either Democratic or Republican is willing to put a stop to it. In fact they just keep enabling it to continue.

[Scuba]

13. Some of these are pretty spurious....

..
According to the Tax Foundation’s Microsimulation Model, to erase the 2010 U.S. budget deficit, the U.S. Congress would have to multiply each tax rate by 2.4. Thus, the 10 percent rate would be 24 percent, the 15 percent rate would be 36 percent, and the 35 percent rate would have to be 85 percent


Oh yeah? Over what time period? A year? A century? Meaningless without that information.

Still, the bottom line is that the rich are getting richer and the poor - and middle class - are getting poorer.

[AllentownJake]

14. I have problems with individual things in there

Overall it is just an interesting and fun link.

[nichomachus]

26. It's a very interesting wrapper for some pernicious propaganda

Notice how they lump welfare, food stamps, and Social Security together. They're not even remotely related, but it's part of the effort to kill Social Security to "save" the economy.

Also, they pound pretty heavily on health-care reform, especially claiming that it will raise taxes stupendously. They fail to mention that true health care reform would reduce personal expenses tremendously too.

In a lot of these statistics, they only look at one data point and ignore the others that add some context and balance.

"Half of my high school class went to Harvard on scholarship." Interesting until you find out there were only two kids in my high school class.

[AllentownJake]

28. Some are screaming right wing bias or left wing bias

My guess is there is some bias in data collection by the different groups they used. Overall, however it is an interesting exercise in information to go through.

[rurallib]

15. last time I had this much fun, my wife was lying near death in ICU

yep, that link was a laugh a minit.

[AllentownJake]

16. Sorry enjoying laughing at the talking points of the aristocracy

and comparing them with reality is a personal hobby of mine.

[jpak]

17. D... D... D... D... DOOOoooooommm!!!1

the sky is falling!

:D

[TheWatcher]

30. Bob #2 checks in

[inna]

35. .

:spray:

[Poll_Blind]

18. #22: "For the first time in U.S. history, banks own a greater share of residential housing net...

...worth in the United States than all individual Americans put together."

:cry:

PB

[AllentownJake]

19. Yep

That one stood out to me. We have returned to the days of the land owning Gentry.

[conspirator]

22. The Feudal System is complete n/t

[Greyhound]

20. But surely if we just give that parasites more money, they will fix this...

After all, rich people got rich by being better, smarter, and just all-around better people than us, right?
:sarcasm:
:kick: & R

[proudohioan]

21. This IS fun!

And I've only reached #9 so far:


"In the area around Sacramento, California there is one closed business for every six that are still open"

HA! East Cleveland see's one OPEN business for every six that are CLOSED!

And being from Allentown, I think it's safe to assume that you see the same thing!

[proudohioan]

23. Ha! Got # 10 beat, too!

Recently, there was a janitorial position opening in one of the small, rural county buildings.
The job paid $9.50 per hour. According to my SO who works there, there were well over 200 applicants, some of them with MASTER'S DEGREE'S.....

Just sickening!

[mimitabby]

25. fun? i don't think i like your idea of fun

[AllentownJake]

27. Most don't.

I was an auditor for 7 years. Seeing truth in the lies being promoted is "fun" to me.