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10 Signs That The American People Are Starting To Freak Out About The Condition Of The Economy


All over America, restlessness and frustration are growing. It has now been almost three years since the great financial crash of 2008, and yet the U.S. economy is still a complete and total mess.  In fact, there are all sorts of signs that things are about to get even worse, and the American people are just about fed up.  Virtually every major poll, survey and measure of consumer confidence shows that the American people are becoming more pessimistic about the economy.  Millions of hard working Americans that worked their fingers to the bone for their employers and that did everything “right” are sitting at home on their couches tonight staring blankly at the television.  Many of them still have a hard time believing that they were laid off and that there is nobody out there that wants to give them a good job.  There are millions of other Americans that won’t get much sleep tonight because they will spend much of the night rolling around in bed wondering how they are possibly going to be able to pay the mortgage.  We have never faced such an extended economic downturn in modern U.S. history, and a lot of people are starting to freak out about the condition of the economy.  As Gerald Celente likes to say: “When people lose everything and have nothing left to lose – they lose it.”

Every single month, the number of good jobs continues to go down.  Wall Street actually rewards companies that have a good “outsourcing strategy”.  As I have written about previously, a growing percentage of the jobs that are being “created” these days are very low paying jobs.  But you can’t support a family, pay a mortgage or even afford decent health insurance on what you would make stocking shelves at Target or passing out buckets of chicken for KFC.

The American people keep waiting for “hope” and “change” to show up, but all they get instead are more helpings of “despair” and “frustration”.

Sadly, most Americans still cling to the hope that if the “next election” will just turn out the right way that things will be okay.  But the truth is that things seem to stay on pretty much the same course no matter who we put into office.

For many years the status quo seemed to be okay for most people, but now we are starting to reap the results of the economic seeds that we have sown.

Now our economic decline is starting to accelerate and people are starting to panic.  Most Americans may not know why all of this is happening, but what many of them do know is that something in their gut is telling them that things have gone terribly, terribly wrong somehow.

The following are 10 signs that the American people are starting to freak out about the condition of the economy….

#1 Things have already gotten so bad that Americans will literally trample one another just to get on a waiting list for rental assistance vouchers.  Just check out the following excerpt from a local news report about a recent incident in Texas….

At least eight people were hurt Thursday morning while scrambling to line up for a limited number of Dallas County rental vouchers — after waiting for hours in their cars.

People lined up Thursday morning to apply for Dallas County Section 8 housing vouchers. Dallas County sheriff’s spokesman Kim Leach estimated the crowd at about 5,000.

Video of this incident is posted below.  One of the people that was trampled was a pregnant woman….

#2 Almost every measurement of consumer confidence is going down.  For example, the Conference Board’s consumer confidence index fell from 61.7 in May to 58.5 in June.

#3 The Reuters/University of Michigan consumer sentiment index has fallen to 63.8 after being at 71.5 in June.  It is now the lowest that it has been since the last recession “ended”.

#4 The Rasmussen Consumer Index is down 9 points from a month ago.

#5 A recent poll taken by Rasmussen found that 68 percent of Americans believe that we are actually in a recession right now.

#6 According to Gallup, the percentage of Americans that lack confidence in U.S. banks is now at an all-time high of 36%.

 

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Comment by youhavetoforgiveme on September 18, 2011 at 3:21pm
Not sure I could have said it better myself Storm Trooper.
Comment by Unemployed Storm trooper TK420 on July 19, 2011 at 12:35am

As long as those politicians in Washington get those huge salaries for doing nothing but blah blingh and feeding their fat bellies the American people will not get a better life nor a chance to one.

I see a dark future for America... and a number....1776 all over again !!

Comment by jack l eich on July 18, 2011 at 10:03pm
Jim I think the only thing that could save us and get the country functioning is to elect Ron paul and legalize the cultivation of commercial hemp and cannabis. but our elected officals are mired in greed and corruption. hang on for a wild ride.
Comment by Jim Braun on July 18, 2011 at 9:53pm
Hey Jack, I am 65. All I can say is DITTO. But who is even trying to do anything about it?
Comment by jack l eich on July 18, 2011 at 11:51am
the half breed muslim,nancy pelosi and joe biden have driven this country to the lowest level I have ever seen. I am 66 and have never seen such a bleak future confronting us. bill clinton sent our jobs overseas,now this mess.
Comment by Ghyslaine ROC on July 17, 2011 at 5:36am

The American people keep waiting for “hope” and “change” to show up, but all they get instead are more helpings of “despair” and “frustration”.

 

When we want change we must WORK to make it happen and not only wait like DUMB people.  Work necessitates EFFORT, DEDICATION, SACRIFICE, PERSEVERANCE, SINCERITY, LOYALTY, HONESTY, and PATIENCE after the effort has been supplied.  

Otherwise we will reap only frustration and despair and live like slaves or die!

Ghyslaine ROC

Comment by windy windlan on July 16, 2011 at 9:15pm
Confidence is down because most peeps now realize that the government no longer cares a whit about them. It does pander profusely to the Fed Reserve, the Pentagon, the "defense" industry, and Wall Street. We all get it now. We the People are to be made into serfs and serve the elite, giving thanks that we're not in the FEMA camps. The economy is being intentionally sabotaged to speed up the transition into pure serfdom.

 

 

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