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Everything Is Going To Be Alright?

Is the U.S. economy going to be okay?  Well, if the only source you listened to was the mainstream media, you would be left with the distinct impression that the U.S. economy is heading toward a full recovery and that everything is going to be alright.  Unfortunately, that is not the case at all.  The United States is rapidly becoming poorer as a nation and less competitive in the global marketplace.  At the same time, consumer debt levels are rising, corporate debt levels are rising, state and local government debt levels are rising and the U.S. government is indulging in a debt binge unlike anything the world has ever seen.  Considering the insane amount of money the U.S. government has been pumping into the economy, we should have seen a much more robust recovery by now.  Instead, the employment statistics have barely moved and government dependence is at an all-time high.  That is really sad, because this is as good as “the recovery” is going to get.  The next major economic downturn is just around the bend, and in future years millions of us will desperately yearn for the “good old days” of 2012.

Below, I have compiled a list of things that I have entitled “Everything Is Going To Be Alright?”

It is composed in the form of a song, but it really isn’t meant to be sung.  It is probably actually more of an economic horror poem than it is a song.  What I have tried to do is to point out the absurdity of what we are all being told by our politicians and by the media.  Hopefully you will enjoy reading it as much as I enjoyed writing it….

—–

Yahoo is going to be laying off thousands of workers starting next work.

Don’t worry about a thing – Barack Obama says everything is going to be alright.

Best Buy has just announced plans to close 50 stores.

Don’t worry about a thing – JPMorgan Chase CEO Jamie Dimon says everything is going to be alright.

The mayor of Los Angeles has announced that the city will be laying off “a large number of employees“.

Don’t worry about a thing – Barack Obama says everything is going to be alright.

Baltimore is so broke that it has decided to look into selling off some of the most famous historical landmarks in the city.

Don’t worry about a thing – the mainstream media says everything is going to be alright.

The city of Costa Mesa, California is so broke that is has decided to sell off its police helicopters.

Don’t worry about a thing – Barack Obama says everything is going to be alright.

The city of Trenton, New Jersey is so broke that it has decided to indefinitely postpone buying more toilet paper for city buildings.

Don’t worry about a thing – Joe Biden says everything is going to be alright.

The capital city of Pennsylvania is so broke that it has decided to start skipping debt payments.

Don’t worry about a thing – Barack Obama says everything is going to be alright.

The state of Nevada has a 12.3 percent unemployment rate.

Don’t worry about a thing – the pretty people on television say everything is going to be alright.

Total student loan debt in America has now passed the 1 trillion dollar mark, and about 270 billion dollars of those loans are at least 30 days delinquent.

Don’t worry about a thing – Barack Obama says everything is going to be alright.

The savings rate in the United States has fallen back to pre-financial crisis levels.

Don’t worry about a thing – Harry Reid says everything is going to be alright.

Home prices in the United States hit a 10 year low in the month of January.  They are now down 34.4 percent from the peak in 2006.

Don’t worry about a thing – Barack Obama says everything is going to be alright.

The average price of a gallon of gasoline in the United States is rapidly approaching the $4.00 mark.

Don’t worry about a thing – Anderson Cooper says everything is going to be alright.

Median household income in the United States is down 7.8 percent since December 2007 after adjusting for inflation.

Don’t worry about a thing – Barack Obama says everything is going to be alright.

When Barack Obama first 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.

Don’t worry about a thing – Nancy Pelosi says everything is going to be alright.

The BRICS countries (Brazil, Russia, India, China and South Africa) are publicly declaring that it is time to move away from the U.S. dollar as the primary reserve currency of the world.

Don’t worry about a thing – Barack Obama says everything is going to be alright.

One out of every five 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.

Don’t worry about a thing – Rachel Maddow says everything is going to be alright.

More Americans are dependent on the government right now than at any other time in all of U.S. history.

Don’t worry about a thing – Barack Obama says everything is going to be alright.

The number of Americans on food stamps has increased by 14 million since Barack Obama became president and is sitting at an all-time record high.

Don’t worry about a thing – Hillary Clinton says everything is going to be alright.

The U.S. government will add more to the national debt in 2012 than it did from the time that George Washington became president to the time that Ronald Reagan became president.

Don’t worry about a thing – Barack Obama says everything is going to be alright.

The U.S. national debt is currently increasing by about 150 million dollars every single hour.

Don’t worry about a thing – Federal Reserve Chairman Ben Bernanke says everything is going to be alright.

The Federal Reserve bought approximately 61 percent of all government debt issued by the U.S. Treasury Department in 2011.  This is a Ponzi scheme that will completely collapse at some point.

Don’t worry about a thing – Barack Obama says everything is going to be alright.

—–

So what is your opinion?

Do you believe that everything is going to be alright?

Please feel free to leave a comment with your thoughts below….

  • Gary2

    Yes we can tax the rich and fix the deficit/debt. They have more than enough money!

    But now, a growing body of research suggests not only that the government could raise much more revenue by sharply raising the top tax rates paid by the richest Americans, but it could do so without slowing economic growth. Top tax rates could go as high as 80 percent or more.

    Nonetheless, the research suggests there is much more money available to close the budget deficit than we previously thought, if only we were willing to raise tax rates to where they were back in the early ’70s, in the administration of Richard M. Nixon.

    http://www.nytimes.com/2012/03/28/business/economy/the-case-for-raising-top-tax-rates.html?_r=2&&pagewanted=all&utm_source=Daily+Digest&utm_campaign=93c7f82473-DD_3_28_123_28_2012&utm_medium=email

    • davidmpark

      It’s not your money. You didn’t CREATE it.

      I know the Left thoroughly believe that all wealth belongs to the state: the ‘rich’ are the thieves that stole it. Leftist doctrine also says that all individuals are property to the collective; that an individual, as such, is a sinful chaotic nothing that can only gain their salvation from the sin of being through sacrificing to society’s will and pleasure. If the individual does not succumb to the will of the commune, then social justice is necessary to purge the deviant from the memory and physical state of the collective being.

      My parents are National Socialists, grandmother was a communist, uncles are Marxists: I know the whole thing. And it’s evil. It only leads to death, mindlessness, and actual sins.

      • gary2

        It’s not your money. You didn’t CREATE it.

        yes it is our money. Generally speaking the rich got that way by exploiting others and using government systems (patents etc), bailouts, corporate welfare to get rich.

        Time for them to pay back.

        let me repeat–yes it is our money.

        • SandraO

          Gary2 is fricking fool for the left. BO and the Democrats in Congress are Communists who live like royalty at taxpayer expense. They hang with rich wall street bankers, Silicon Valley billionaires and the rich hollywood leftist elite like AlecBaldwin. There is no way in hell that BO his Democrat cronies are going to raise taxes on their rich campaign donors. It’s their money and they aren’t about to share it with a Wisconsin cheesehead like Gary2.

        • greg

          Gary our currency is fiat money theres only an illusion of wealth based on what your saying no effort would be put forth and the fed prints money and justs hands it out equally to every citizen I wish the fed could do that my life would be a whole lot easier I want a million dollars a yr where do i sign up but id rather have my freedoms
          to run my life the way I choose I guess its ok if they take other peoples money you give them the right to do that they will be after yours next if you think we can grow our way out of this or tax your way out of this your wrong we are headed for some rough times ahead the question we need to ask is how long can the fed monetize our debt when that stops were in trouble all the fed is doing is doing is pushing our problems down the road both parties are to blame why should you pick one party over another you should be pissed at both because its me and you and every other citizen that will endure the hardships brought about by the mismanagement of our govt but the fact is the citizens feel asleep at the wheel we let them take away our rights we let them spend us into oblivion we as a country found it was easier for us to let them make decisions for us and this is what happens when we let them govern unchecked we as citizens fight each other over party talking points over whose right and whose wrong were both wrong just look at the state of despair alot of people are in. its time we start talking about how we can get out of this mess which I believe is not going to be easy we will probably go through extremely hard times and I would rather have a neighbor that can help than argue over whose party is better

      • mondobeyondo

        It IS our money. We earned it. They created it.

    • bringonthecollapse

      Gary2,
      Yep Obamacare is for all but it doesn’t say it will cover everything. The IPAB (if you actually read the bill) has no power to change anything except the reimbursement rates for procedures. If they say the goobermint will only pay $150 for a hip replacement well I can guess how many hip replacements will be done.

      As for tax the rich to solve the deficit… I had to pick myself up off the floor from laughing so hard at your comment. Duhhh. Let us see. Let us assume for the moment that the rich paid all of the tax receipts (they don’t but the math is easier for you). Each year the goobermint has been getting between 2.0 and 2.5 Trillion dollars. With the current level of spending, and no increase in costs or curret programs (not including Obamacare yet either) you would need to raise the tax rate on the “rich” from 35% to 52%. Yepper that will spur the economy just like raising taxes in Greece and Spain and Portugal did. Wait a second. They increased their taxes and saw a decline in tax revenues.
      Aside from those little things call facts and simple numbers I support those for voting for Obama. The quickest way to eliminate the liberal progressive mindset is to collapse the economy and the Obidiot would do that. I am highly amused by how many libs don’t understand that. I am also amused by how many repubs and conservs think that by just winning the next election will change our course. I have not heard a single viable candidate, on any side, with a plan to avoid the cliff (Ron Paul is brilliant on domestic spending policy but aside from that the rest from him is scary and idealistic). woo-hoo. Obama will be the fastest way to social and economic armagheddon. Sorry but financial facts are facts. You can not spend your way out of bankruptcy. Try it first in your personal before suggesting the government can do it. Don’t go to the CBO website and look at things like deficit costs in the next 10 years or projected tax revenues etc. The CBO is what Clinton, Bush, and Obama currently use for their numbers. Bad thing is almost always their numbers are low. Check out what their projections are for the debt payments for the next ten years then get back to me.

    • TtT Engine

      If Bill Gates donated his entire fortune and you add in the Waltons fortune to the U.S. Government [a liberal utopia], it would cover the U.S.debt, on current obligations only, for about 25 days. Raising taxes on the rich, is a drop in the bucket. I suggest you go to “usdebtclock.org”. I hope you are sitting down when you visit this web-cite. The U.S. government has become a ponzi scheme. I will never see any of the thousands I’ve paid into Social Unsecurity. I saw my dog eating a lot of lawn grass today. I pray it is not a foreshadowing of the future. Blessed Holy Week and Easter !

    • Redstatelady

      Gary,
      Why don’t we look at the 50% that don’t pay taxes and ask them to “contribute” some. Boy are you bitter and full of names to call everyone. I work very hard for what money I have and have worked multiple jobs at the same time to make ends meet. Hard work is what helps you get along in this life. You have the opportunity to succeed, it isn’t handed to you, you have to work for it. I, for one, am sick and tired of supporting everyone who doesn’t want to support themselves.

  • J

    Gary –

    That is not true at all. You are falling into this trap that the mainstream media has set for you. You are angry at business owners, but you should be angry at big businesses that care nothing about the stakeholders (ie, people, the environment). Do not put down small business owners, they ALL, except for people that inherit, work very hard to keep their businesses alive and somewhat successful everyday, which is harder and harder to do. Very ignorant comment on your part and I hope you realize that we need to be more discerning in who we blame. If we go and blame small business, what will be left of the world? Capitalism is not bad, it’s us and how we use it that are bad. It’s US, that allow the GE’s and Monsanto’s to get away with what they do. Remember, who we are fighting, it’s not the guy who worked hard his whole life to open a small business of his own.

    • gary2

      I generally agree its the medium and big businesses that are the problem. Do not think that small businesses are without fault. They would do the exact same thing the larger business do if they could.

      Yes small business creates most new jobs but they also loose most new jobs so its a wash.

  • nick

    Good use of facts but the “Don’t worry about a thing…” mantra became a bit tedious by the 10th line. Poor writing.

  • gary2

    Michael–I freely admit I am biased. Reality has a very well known liberal bias. I do not know what your excuses is for being so biased.

    • bringonthecollapse

      Show a liberal true reality and facts and they scream racism, global warming, or it’s propaganda. On global warm why did alot of the evidence get destroyed? Any reputable scientist keeps all of his research data. I have my research data from 15 years ago. Oh but their where storage limits. That is BS. Smells like BS.

  • mondobeyondo

    The recent well-publicized episode about the JetBlue captain losing it got me thinking.

    A guy boards a plane. He notices a good friend also boarding the same plane. The friend’s name is Jack. Upon recognizing him, the guy shouts, “Hi, Jack!”, and waves his arms frantically to get Jack’s attention.

    You know what is going to happen next.

  • farmgirl

    how long can we kick the can down the road before it is too late?

    • mondobeyondo

      Well, let’s see. Can is currently at Maple Lane, heading rapidly towards Main Street. Should be any time now.

  • Pangloss

    I am so lucky to be living in a time and place where wise menlike Obama and. Romney will watch over me and make sure this is the best of all possible worlds. Nothing but good times ahead where the only concernis whether Kentucky will cover the spread.

  • Matt

    Gary2, what on earth are you writing about? The truth is, that the paradigm of left vs. right is just as false as anything else. We are being manipulated by a global elite, and so why are you wasting time resorting to ad hom attacks against others?

  • bobbobbob

    if ur white trash clap your hands
    if udont have dental insurance clap your hands
    if ur stupid and read this crap clap your hands
    cee u misfits in medical cool as cadds

    • bringonthecollapse

      I be white trash. I have a farm and raise animals. I wouldn’t ever go back to be a liberal. At least now I know reality. Bought-see is the pronunciation. BOTC……. Bring on the collapse and let the libs starve.

    • MB92083

      Put down the crack pipe Bob!

  • Matt
  • Paul

    You don’t have a crisis yet.

    After reunification in Germany, 3 thirds of jobs in East Germany were destroyed.

    Some cities hat 65% unemployment. They are down to 16% now.

    Fuel price was DEM 1.50 per liter.
    Now it’s EUR 1.50 per liter. (2001: 1 EU ~ 2DEM)

    Wages in East Germany are still 68% of wages in West Germany.

    20 years after unification People are still leaving the area of former East Germany to work in “West” Germany or abroad. If you ask a German Manager or Engineer in China or South East Asia where he is from he most likely will say: East Germany.

    Berlin has started to tear down residential blocks years ago because they stood empty.

    In East German cities you get the first 3 month rent free, when you sign a lease.

    There is hardly any foreigner living in East Germany, but the highest concentration of Neo Nazis whining that the foreigners are taking their jobs.
    A right-wing terror group was systematically killing foreign fast food shop owners in the last years, and the police looked the other way, intensifying monitoring of the left.

    The most striking feature in East Germany: People always look angry. Nobody smiles. Nobody smiles at you.

    • Paul

      Oh, that was 2 thirds. :-)

  • Ken

    Don’t worry, be happy!

  • Ken

    Every little ting, it going to be all right!

    Bob Marley

  • http://theeconomiccollapseblog.com/archives/young-girls-banned-from-selling-girl-scout-cookies-on-their-own-front-lawn Haalen
  • Spanky

    Most of the people I talk to feel that America is far too powerful economically to ever falter. Most are in a state of mass delusion, and if they are not in that state they are in hypnosis watching sports and not understanding more complex topics like the federal reserve’s Ponzi scheme.

    It is quite a sad state of affairs.

  • http://theeconomiccollapseblog leonard

    Why are the American people so percectly happy?

  • http://economiccollapseblog.com bill

    obama said everything is ok and things are getting better we just need to listen to the dictator oh i mean president.
    now there downgrading us again and raising the debt ceiling why dont these people just listen to our fearless dictator i mean president sorry.
    mark my words either by force or by extending unemployment or uping welfare benifits obama will be president and his private army,oh i mean homeland defense with all that ammo purchased will make sure if they need to go that way to get him in office they got it covered.
    im sorry but all those people that said they will stand there ground,you and me know when the show of force most of them will be cowards and back down

  • http://opera Beebee

    Kim (*******) Kardashian is on the rebound,
    Oprah’s O.W.N. is hitting ground,
    It seems the “Good Wife” is “going down”,
    But this is called major news, just look around,

    But Obama says everything’s alright!

    Delegates control the caucus vote,
    No one cares what Thomas Jefferson wrote,
    Obama’s czars have us by the throat,
    By our government we’ve all been smote,

    But Obama says everything’s alright!

    Social security is gonna run out,
    We wait for the next Obama bailout,
    Reid and Pelosi complain of gout,
    “We are abused!” the Muslims shout,

    But Obama says everything’s alright!

    Lottery winners are major news,
    Gas prices have us singing the blues,
    Christians cannot voice their views,
    The world shouts “Hate all Jews”,

    But Obama says everything’s alright!

    • Annette

      Excellent, BeeBee!!!

  • Chris

    Obama is a Blooming Idiot that is spending millions of tax payers dollars traveling around the world in Air Force One with the largest entourage in Presidential history as president because he would never be able to afford it on his own. The country is collapsing and he thinks he is the Messiah…”The Chosen One” isn’t that what he said…what a moron and the American people are dumber than a box of rock as 48% still think he is doing a good job??? Really??? Must be living in a different country than me since every time I go to the store prices have increased and at the gas pump prices are absurd…But then he is a Muslin (as he finally admitted himself so supporting “His People and Himself” is a priority…American better wake up as we are headed to where Europe is today sooner than we think….Our lives will end as we now know them…

  • Bill Haines

    My opinion is that this blog mostly cries wolf whilst blaming the wrong people.

    Why don’t you point out the actual underlying problems (like the stranglehold corporate America has on the Republican Party) and target those responsible (like wealthy so-called ‘conservatives’ and their pet politicians)?

    Oh wait, I know: it’s because you’re selling gloom and doom (literally, all your ads are for products of paranoia) and trying to drum up more support for whackjobs like Ron and Rand Paul.

  • Hector

    Best thing to do is invest in gold and silver and buy hella canned food water batteries and some of them hundreds.

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