Current State of the Economy
The U.S. economy is a bit like a child’s toy. Everyone has their hands on it pulling for all they are worth. Where and when it breaks is anyone’s guess. At the end of the year 2012, the state of the economy is pretty bad, and it is going to get worse. Today, the United States consumes far more wealth than it produces every single month. That means we are continually getting poorer. U.S. debt is also rising at a far greater rate than U.S. GDP is.
Our governmental leaders are resorting to drastic measures to try to pull the economy out of this tail spin. For example, our President Barack Obama, recently released 30 million barrels of oil from the U.S. strategic oil reserve. And yet it seems, no matter what we do, nothing short of a miracle (or time) will fix our economy. We are in the midst an economic crisis that is just going to keep on destroying middle class America.
We like to point finger and blame and yet part of this is our fault, each and every one of us. Take buying something right off the Wal-Mart shelf for example; If you went to a store today, and there were two somewhat similar products sitting on the shelf and one cost ten times more than the other one, which one would you buy? Employees and employers have been pushed into one giant globalized labor pool, corporations have shipped jobs overseas where they are allowed to pay workers slave wages. It costs ten times more (at least) to hire a blue collar American worker than it does to hire a blue collar worker in most areas of Asia.
Simply put, there are not nearly enough jobs for all Americans at this point. College graduates are finding this out. A new study that was conducted by Rutgers University discovered that over 30 percent of all those that graduated from college were not able to get a job within six months of graduation. (United States Department of Labor, 2012)
Unemployment is only part of the story, add in the millions of Americans that are...