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Say Goodbye To The U.S. Economy

August 8, 2013 by  

Hello, I’m Wayne Allyn Root for Personal Liberty. I don’t mean to say, “I told you so.” But I told you so.

I’ve predicted disaster for the U.S. economy since the day of Barack Obama’s election in 2008. I’ve got it all memorialized, in writing, in two books and hundreds of commentaries. In Time magazine I called Obama “the greatest jobs killer in world history.” In my latest national bestseller, The Ultimate Obama Survival Guide, I’ve listed hundreds of statistics proving that the U.S. economy is headed for a total collapse. But that was all written months ago. The worst was yet to come.

The results are in. The picture is grim. Here are some frightening economic numbers to think about the next time the lying, manipulating mainstream media tells you that we are in “recovery.”

First, almost 50 percent of Americans have less than $500 in savings. Not surprisingly, one out of three residents of Obama’s home State of Illinois live in poverty. A mind-numbing four of five Americans either are experiencing poverty, foreclosure or welfare, or they will in their lifetime. Four out of five. Say goodbye to the myth of the American dream. It’s only a nightmare now.

Ditto for the American middle class. Obama has massacred it. Our middle class now ranks 27th in the world. I’ve argued from day one that Obama’s goal was to create a two-class society. The two classes are the super rich (who are beholden to Obama for corporate welfare and government contracts) and the poor (who are beholden to Obama for checks to survive). Look no further than the new immigration bill to see the final destruction of middle-class wages.

More grim news: Auto sales are collapsing. Construction jobs are falling off a cliff. And U.S. factory orders just suffered the biggest drop in a year.

What about jobs? Isn’t that picture getting rosier by the minute? Well, actually, no. Let’s analyze the real numbers. Since the start of 2013, we’ve gained 953,000 jobs; but, amazingly, 731,000 of them are crummy, low-wage, part-time jobs. That’s means almost 80 percent of the jobs created in America are part-time jobs that won’t pay the bills of a typical middle-class lifestyle.

The best jobs are manufacturing jobs. Well, under Obama they are losing out by 10-to-1 versus crummy, low-paying jobs. Facts don’t lie: So far this year more than 246,000 low-paying waiter or bartender jobs have been added to the U.S. economy, versus only 24,000 high-paying manufacturing jobs.

How bad is it? Well here’s a Hall of Fame triple play:

The Obama Administration just hired a company to promote Obamacare over the phone to Americans. Guess what? Even those jobs are part-time, with no health insurance.

The head of the Internal Revenue Service just testified in front of Congress that he’d rather keep his own health insurance than switch to Obamacare. The IRS is in charge of Obamacare, and they don’t want any part of it.

And the second-biggest employer in America is now a temp agency. Good luck getting a quality job in this Obama economy.

Still not convinced? Food stamp rolls are growing 75 times as fast as employment. The national debt has increased by 50 percent under Obama, even though he promised to reduce it. Obama promised to reduce health insurance bills for an average American family by $2,500 per year. Instead, your health bills went up by $3,000 per year. The men’s labor participation is the lowest rate ever measured since they started tracking it in 1948. And here’s the clincher: 90 million able-bodied, working-age Americans are not working.

All of this misery morphs together in one tragic new statistic of the Obama economy: There are more Americans getting “food assistance” checks (101 million) than working in the private sector (97 million). We are certainly witnessing the complete destruction of the middle class. It’s been a purposeful plan by Obama from the first day — just as I predicted from the first day.

And if you think help is on the way, I’ve got a bridge to sell you… in Detroit. The biggest city to ever go bankrupt, Detroit, has been run by Democrats since 1962. That’s more than half a century of 100 percent Democrat rule, using the exact same policies as Obama. The city is now in ruins. Detroit leads the Nation in illiteracy, welfare, food stamps, violent crime, murder, abandoned properties and broken street lights.

The city of Detroit’s downfall is built around four core ideas: never-ending entitlement spending, the most government employees per capita of any city in America, monstrous debt and the highest property taxes in America. It’s no surprise then that Detroit is hopelessly bankrupt. But wait, isn’t that Obama’s exact prescription for prosperity for the Nation? High taxes, more spending, more debt and more government employees. Bingo. Help isn’t coming, folks. The cavalry isn’t riding in to save you. They are coming to kill us.

Detroit is certainly the future of America under Obama. It’s the exact same policies. We are experiencing Groundhog Day: doing the same stupid things and expecting a different result.

One last morsel of food for thought: The EU is in the middle of a Great Depression. Countries like Spain, Portugal, Italy, France, Greece and Cyprus face total disaster. Their economies are ruined for generations to come. Yet America under Obama now has more debt than every country in the European Union, combined. Our country has more government debt than any country in the history of the world.

Say goodbye to the U.S. economy. It’s been nice while it lasted. But remember: I told you so. I’m Wayne Allyn Root for Personal Liberty. See you next week. Same time, same place. God bless America.

Wayne Allyn Root

(W.A.R.) is a former Presidential candidate, the 2008 Libertarian Vice Presidential nominee, and a Libertarian-conservative national media star. His new book, “The Ultimate Obama Survival Guide” is a #1 national best-seller in bookstores, as well as an Amazon #1 Finance and Conservative bestseller. A former CNBC anchorman and host (then known as Financial News Network), Root is the ultimate Capitalist Evangelist: a blue-collar S.O.B. (son of a butcher) turned CEO, small businessman, serial entrepreneur, business speaker, and TV/radio commentator on the topics of business, economics, entrepreneurship, and politics. Root is a regular guest on Fox News, as well as on hundreds of conservative talk radio shows across the United States. His opinions reach tens of millions of Americans as a regular columnist and commentator for many of the most popular political and business websites, including FoxNews.com. He also writes regularly for The Washington Times. He is the bestselling author of eight books. Root serves as national spokesman for several companies, as well as a Senior Economic Advisor. Root is also well known in the television and media industries. He has hosted, starred and produced many television shows. Today, he is a producer of the highest-rated television show on Travel Channel. Because of his success in the diverse fields of business, media, sports, entertainment and publishing, Root was awarded his own 180-pound granite star in the Las Vegas Walk of Stars. Only 60 legends in the history of Las Vegas have received a star on Las Vegas Boulevard. A native New Yorker and graduate of prestigious Columbia University, this Capitalist Evangelist proudly resides in Nevada, a state with no income tax. His website is ROOTforAmerica.com.

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