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16 New Records That The American Economy Has Set During The Past 12 Months – And They Are All Bad
Posted By admin On October 15, 2010 @ 3:49 am In Money Watch | Comments Disabled
The American Dream 
Oct 15, 2010
Over the past twelve months, the U.S. economy has continued to come apart like a 20 dollar suit. During that time it seems like more bad economic news has been coming out nearly every single day. Instead of getting better, the problems facing the U.S. economy only seem to be multiplying. The U.S. government and the U.S. financial system continue to absolutely drown in debt. Factories, jobs and massive amounts of wealth continue to fly out of the United States every month at an astounding pace. Meanwhile, the number of Americans enrolled in anti-poverty programs continues to shatter records and the U.S. housing industry continues to set records for futility. The truth is that less Americans are living the American Dream today than were living it twelve months ago. The U.S. economy is in a serious state of decline, and it is time for all of us to wake up and admit the truth.
But most Americans are so addicted to entertainment that they aren’t even noticing that the greatest economic machine in the history of the world is literally falling apart all around them. Unfortunately, most Americans seem to be much more interested in Dancing With The Stars, their favorite NFL teams or what Lady Gaga happens to be doing than in what is happening with the economy.
We are not guaranteed to be a wealthy, prosperous nation forever. Decades of really, really bad decisions are now catching up with us, and if we do not turn things around soon we are headed for an unprecedented economic disaster.
The following are 16 new records that the American economy has set during the past 12 months….
#1 U.S. banks repossessed a record total of 102,134 homes  in September. That was the very first time that home repossessions in the United States have ever surpassed the 100,000 mark during one month.
#2 The price of gold hit another record high on Thursday  as the U.S. dollar continues to get even weaker.
#3 Household spending for the middle fifth of all U.S. income earners was down 3.5%  in 2009. That was the steepest one year decline since records began being kept back in 1984.
#4 The number of Americans enrolled in the food stamp program passed the 41 million mark  for the first time ever during the month of June.
#5 The number of Americans enrolled in the food stamp program has set a new all-time record for 20 consecutive months .
#6 The Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americans that they have ever recorded in 51 years of record-keeping .
#7 According to the Associated Press, experts believe that in 2009 the U.S. poverty rate experienced the largest single year increase  since the U.S. government began calculating poverty figures back in 1959.
#8 It is projected that the major financial firms on Wall Street will pay out an all-time record of $144 billion  in compensation for 2010.
#9 In July, sales of new homes in the United States declined to the lowest level ever recorded .
#10 As of last March, U.S. banks had an inventory of 1.1 million foreclosed homes, which was a new all-time record and which was up 20 percent  from one year earlier.
#11 The number of Americans working part-time jobs “for economic reasons” is now the highest it has been in at least five decades .
#12 Earlier in 2010, the average time needed to find a job had risen to a record 35.2 weeks .
#13 As millions of Americans struggled just to survive in this economy, the number of marriages fell to a record low  in 2009.
#14 A record 50 million Americans  are now on Medicaid, the U.S. government health care program designed principally to help the poor.
#15 Americans now owe more than $849 billion  on student loans, which is a new all-time record.
#16 The U.S. government has accumulated a national debt  that is rapidly approaching 14 trillion dollars. The U.S. national debt sets a new all-time record every single month with no end in sight.
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URLs in this post:
 The American Dream: http://endoftheamericandream.com/
 102,134 homes: http://www.realtytrac.com/content/press-releases/q3-2010-and-september-2010-foreclosure-reports-6108
 hit another record high on Thursday: http://in.biz.yahoo.com/101014/137/bawdy0.html
 was down 3.5%: http://online.wsj.com/article/SB10001424052748703298504575534341401915382.html?mod=WSJ_hpp_MIDDLETopStories
 passed the 41 million mark: http://www.csmonitor.com/Business/Paper-Economy/2010/0908/Are-you-on-food-stamps-yet
 for 20 consecutive months: http://www.bloomberg.com/news/2010-10-05/food-stamp-recipients-at-record-41-8-million-americans-in-july-u-s-says.html
 in 51 years of record-keeping: http://theeconomiccollapseblog.com/archives/20-signs-that-the-economic-collapse-has-already-begun-for-one-out-of-every-seven-americans
 Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43
 Image: http://www.homegain.com/homevalues
 the largest single year increase: http://news.yahoo.com/s/ap/20100911/ap_on_bi_ge/us_poverty_in_america
 of $144 billion: http://online.wsj.com/article/SB10001424052748704518104575546542463746562.html
 to the lowest level ever recorded: http://www.usatoday.com/money/economy/housing/2010-08-25-new-home-sales-prices_N.htm?loc=interstitialskip
 up 20 percent: http://www.counterpunch.org/whitney06152010.html
 in at least five decades: http://calculatedriskimages.blogspot.com/2010/10/part-time-for-economic-reasons-sept.html
 to a record 35.2 weeks: http://endoftheamericandream.com/archives/22-statistics-that-prove-that-the-middle-class-is-being-systematically-wiped-out-of-existence-in-america
 to a record low: http://www.huffingtonpost.com/2010/09/28/income-gap-widens-census-_n_741386.html
 A record 50 million Americans: http://www.usatoday.com/news/washington/2010-08-30-1Asafetynet30_ST_N.htm
 more than $849 billion: http://www.finaid.org/loans/studentloandebtclock.phtml
 national debt: http://thetruthwins.com/archives/the-truth-about-americas-national-debt-2010
 Foodstamps Soar By Most In 16 Months: Over 1 Million Americans Enter Poverty In Last Two Months: http://www.prisonplanet.com/foodstamps-soar-by-most-in-16-months-over-1-million-americans-enter-poverty-in-last-two-months.html
 Lots of new cold and snow records in the USA this past week.: http://www.prisonplanet.com/lots-of-new-cold-and-snow-records-in-the-usa-this-past-week.html
 20 Shocking New Economic Records That Were Set In 2010: http://www.prisonplanet.com/20-shocking-new-economic-records-that-were-set-in-2010.html
 17 Facts That Prove That The Average American Family Is Getting Absolutely Pulverized By This Economy: http://www.prisonplanet.com/17-facts-that-prove-that-the-average-american-family-is-getting-absolutely-pulverized-by-this-economy.html
 40 Stats That Prove The U.S. Economy Has Already Been Collapsing Over The Past Decade: http://www.prisonplanet.com/40-stats-that-prove-the-u-s-economy-has-already-been-collapsing-over-the-past-decade.html
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