US looking like a Banana Republic run by the usual censoring Fascist suspects

[Monica33]

THURSDAY, FEB 11, 2021 - 16:31Authored by Michael Snyder via The Economic Collapse
2008 and 2009 were bad, but nothing like this. Unprecedented intervention by the Federal Reserve has allowed the rich to get richer , but meanwhile millions upon millions of ordinary Americans are deeply suffering.
This is just the beginning.







According to the Congressional Budget Office, approximately 7 million more Americans would have jobs right now if the COVID pandemic had never happened…
In fact, the Federal Reserve says that 152 million Americans were working before the pandemic started, and only 142 million Americans are working now.
So the CBO estimate appears to be off by about 3 million.


According to Bloomberg, the number of Americans living in poverty has risen by 8 million during this crisis…

— including many children — fell into poverty during the second half of last year, exacerbating the racial and income inequalities.

.
One of the big reasons why this number will continue to rise is because hordes of small businesses will be collapsing,
, 9 million small businesses in the U.S. say that they “won’t survive” in 2021 without more government assistance…

Three in ten small businesses — or 9 million out of the estimated 30 million in the United States — fear they won’t survive in the coming year without additional government assistance,
The Small Business Credit Survey, which was conducted last September and October and released last week, showcased the incredible burden the coronavirus pandemic has placed on America’s small businesses, as 88% of the businesses surveyed reported that sales had not yet returned to pre-pandemic levels.

With each passing day, more small businesses are folding, and nothing that the federal government is going to do will completely stop this trend.
According to the U.S. Census Bureau, 10 million renters were behind on their rent payments in January, and many more people anticipated not paying rent in February…
Overall, U.S. renters now owe at least 30 billion dollars in back rent.
This has created extreme financial pain for America’s landlords, and when the rent moratoriums are finally lifted we are going to see the largest tsunami of evictions in all of U.S. history by a very wide margin.

So far in 2021, the number of passengers at U.S. airports is down by more than 60 percent compared to 2019…

Over the past seven days, not quite 707,000 passengers per day on average passed TSA checkpoints at US airports, a measure of how many passengers in the US are flying somewhere. This was down by 61.6% from the same period in 2019, the last full year of the Good Times. At the end of January, the drop from 2019 was over 65%.

I
Speaking of not surviving, Democrats have introduced a bill in Congress that would essentially deal a death blow to the gig economy…
If this bill passes, it would absolutely devastate Uber, Lyft and countless other companies that rely on gig workers.
Basically, millions of jobs would go “poof” with one stroke of Joe Biden’s pen.
According to the Bureau of Labor Statistics, more than 50 million Americans are currently employed by the gig economy. It is great to want those workers to have higher pay and more benefits, but if those companies go out of existence there won’t be any jobs at all.
These are very dark times for the U.S. economy, and the outlook for the future is exceedingly bleak.

 

[Fledermaus]

THURSDAY, FEB 11, 2021 - 16:31Authored by Michael Snyder via The Economic Collapse
2008 and 2009 were bad, but nothing like this. Unprecedented intervention by the Federal Reserve has allowed the rich to get richer , but meanwhile millions upon millions of ordinary Americans are deeply suffering.
This is just the beginning.
According to the Congressional Budget Office, approximately 7 million more Americans would have jobs right now if the COVID pandemic had never happened…
In fact, the Federal Reserve says that 152 million Americans were working before the pandemic started, and only 142 million Americans are working now.
So the CBO estimate appears to be off by about 3 million.


According to Bloomberg, the number of Americans living in poverty has risen by 8 million during this crisis…

.
One of the big reasons why this number will continue to rise is because hordes of small businesses will be collapsing,
, 9 million small businesses in the U.S. say that they “won’t survive” in 2021 without more government assistance…

With each passing day, more small businesses are folding, and nothing that the federal government is going to do will completely stop this trend.
According to the U.S. Census Bureau, 10 million renters were behind on their rent payments in January, and many more people anticipated not paying rent in February…
Overall, U.S. renters now owe at least 30 billion dollars in back rent.
This has created extreme financial pain for America’s landlords, and when the rent moratoriums are finally lifted we are going to see the largest tsunami of evictions in all of U.S. history by a very wide margin.

So far in 2021, the number of passengers at U.S. airports is down by more than 60 percent compared to 2019…

I
Speaking of not surviving, Democrats have introduced a bill in Congress that would essentially deal a death blow to the gig economy…
If this bill passes, it would absolutely devastate Uber, Lyft and countless other companies that rely on gig workers.
Basically, millions of jobs would go “poof” with one stroke of Joe Biden’s pen.
According to the Bureau of Labor Statistics, more than 50 million Americans are currently employed by the gig economy. It is great to want those workers to have higher pay and more benefits, but if those companies go out of existence there won’t be any jobs at all.
These are very dark times for the U.S. economy, and the outlook for the future is exceedingly bleak.

So, which new source do you quote with the "US looking like a Banana Republic run by the usual censoring Fascist suspects" subject?

And what "censoring" are you babbling about?

 

[Hamish Howl]

Monica, just worry about your country. It's a big fat mess.

 

[Monica33]

So, which new source do you quote with the "US looking like a Banana Republic run by the usual censoring Fascist suspects" subject?

And what "censoring" are you babbling about?

Oh , so all this censoring is imaginary and quite untrue .
America looks like a Fascist Banana Republic to people outside . Africans and Indians in particular find it hilarious and talk about hypocrisy and double standards .
I tell them it is correct to use the term Fascism when that is what you are seeing .

 

[Hamish Howl]

Oh , so all this censoring is imaginary and quite untrue .
America looks like a Fascist Banana Republic to people outside . Africans and Indians in particular find it hilarious and talk about hypocrisy and double standards .
I tell them it is correct to use the term Fascism when that is what you are seeing .

What censoring?

 

[Taylor]

Recent history tells us that with a Democrat holding the reins, income inequality will only get worse.

 

[Fledermaus]

Oh , so all this censoring is imaginary and quite untrue .
America looks like a Fascist Banana Republic to people outside . Africans and Indians in particular find it hilarious and talk about hypocrisy and double standards .
I tell them it is correct to use the term Fascism when that is what you are seeing .

What "censoring" are you babbling about?

And which news source do you quote with the "US looking like a Banana Republic run by the usual censoring Fascist suspects" subject?