While the media titillates us with another murder, robbery, celebrity divorce, soft porn music video, ‘reality’ show, Congressional sex scandal, etc, American families are catching hell, but you probably won’t know about this in detail given the mainstream media’s proclivities. Here are some disturbing truths:
#1 Only 58 percent of Americans have a job right now.
#2 Only 56 percent of Americans are currently covered by employer-provided health insurance.
#3 The median yearly wage in the United States is $26,261.
#4 The average American household is carrying $75,600 in debt.
#5 Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
#6 At this point, American families are approximately 7.7 trillion dollars poorer than they were back in early 2007.
#7 The poorest 50% of all Americans now own just 2.5% of all the wealth in the United States.
#8 According to one study, approximately 21 percent of all children in the United States were living below the poverty line in 2010.
#9 Today, there are more than 44 million Americans on food stamps, and nearly half of them are children.
#10 According to Newsweek, close to 20 percent of all American men between the ages of 25 and 54 do not have a job at the moment.
Where is our bailout? Oh yeah, I forgot–That would be considered a handout & that just smacks of socialism, When given to Wall Street institutions, it’s considered a Troubled Asset Relief Program (fancy term for a bailout) for the purpose of saving the financial system from collapse, right? Riiight. But wait…These bailed out institutions awarded themselves bonuses and posted record profits while laying off workers. Sooooo exactly at what point do we see the benefits of this bailout? Answer: The 12th of Never. We’ve been hoodwinked. It’s socialism for the rich and savage capitalism for the rest of us….