Tag Archives: depression

50 Million Americans now live in poverty.

Census Bureau: “As President Barack Obama is set to begin his second term, new statistics on America’s poverty rate indicate that nearly 50 million Americans, more than 16 percent of the population, are struggling to survive.”

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Business goes from bad to worse. And the result? More jobs lost.

Many news stories are emerging about layoffs and firings occurring immediately after Obama won re-election: Among other news stories, one Las Vegas employer fired 22 employees because as a business “at the end of the day, I need to survive” and Boeing has now announced massive layoffs in its defense division.

Updates: 

http://www.washingtontimes.com/blog/watercooler/2012/nov/8/picket-companies-plan-massive-layoffs-obamacare-be/

http://www.ksl.com/?sid=22890041&nid=148&title=utah-company-blames-president-obama-for-102-workers-laid-off&s_cid=featured-4

http://www.washingtonpost.com/business/economy/after-obama-re-election-ceo-reads-prayer-to-staff-announces-layoffs/2012/11/09/e9bca204-2a63-11e2-bab2-eda299503684_story.html

Stock Market plunges after Obama re-election

“U.S. stocks plunged across the board on Wednesday, the day after President Barack Obama was decisively re-elected… Financial stocks in the Standard & Poor’s 500 were down more than 3 percent around midday”… for obvious reasons, “Stocks took a sharp nosedive in a post-election selloff Wednesday, with the Dow logging its biggest decline in nearly a year, prompted by concerns over the looming ‘fiscal cliff.'”

Low gas prices = Collapsing economy?

During the 2nd Presidential Debate, Obama taught us all something new: Professor Obama says that when gas prices are low, it means the economy is on the verge of collapse.