Let us pray over these situations….My heart breaks….From Gary Bauer of American Values:
The Commerce Department announced Friday morning that America’s economy is stalling. Economic growth in the second quarter of the year was half what economists had predicted. Instead of 2.6% growth, GDP was just 1.2%.
And there was even more bad news. Growth in first quarter of the year was slashed from 1.1% to just 0.8%.
While some politicians are crowing about the economic “recovery,” Americans are scratching the heads wondering what alternate reality our elites are living in. All is not well. For example, according to Investor’s Business Daily:
- 3.1 million people fell into poverty over the last seven years, and the poverty rate climbed from 14.3% in 2009 to 14.8% in 2014, according to Census data.
- 60% of American households saw their incomes shrink between 2009 and 2014. The bottom 20% saw their incomes decline by 8.4% over those years.
- There were 8.7 million more people on food stamps this April (the last year for which data are available) than there were when “recovery” started.
- While the number of people who are unemployed fell by about 7 million between June 2009 and today, the number who are no longer in the labor force — either because they’ve quit looking for work or retired — climbed an astonishing 14 million.The American people know that this “recovery” has not lived up to the hype. Just 17% of Americans — 17% — say they are satisfied with the state of our union.
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