It’s Here: The Stealth Collapse of the American Economy
by: Daisy Luther
July 7, 2013
The Economic Collapse….people envision bank runs, life WROL (without rule of law), piles of worthless currency, rampant homelessness, and breathless news reports on CNN and the network channels (if you happen to still have access to a television, that is). They imagine a grim, gray world, devoid of entertainment, with unwashed citizens digging desperately through the trash.
Because of this apocalyptic image, the idea of an economic collapse seems pretty far-fetched to most people. After all, we still see cars in every driveway, lights in every window at night, children going to school and parents going to work. Everything’s fine, right? The economic collapse is only a conspiracy theory, cooked up by those crazy libertarians and right-wingers, right?
Sadly, no. It’s a fact and it’s all around us, right now. The economic collapse has occurred quietly and stealthily. In fact, many people probably think that it has only happened to them, as job losses occur, utilities get cut off, and the pantry gets more sparse. They don’t talk about it because poverty is a humiliating state – they suffer quietly, not realizing that the next-door neighbor is probably in the exact same situation. They don’t realize that they aren’t alone.
Less than half of America is employed right now.
Despite the deceptively whitewashed claims of the Job Report that say that things are looking up, Breitbart released an article on July 5 refuting their optimistic assertions. While there are technically “more” jobs, this is because positions that used to be full time are now part time – meaning that two or more people hold what used to be one job.
According to the article, only 47% of Americans are employed full time. In an age where most families require two parents to work full time in order to make ends meet, this is a devastating economic blow.
The administration is careful not to divulge the entire story, instead playing with numbers and percentages to portray growth instead of dismal decline.