25 Reasons Why the U.S. Economy is Likely to be Much Worse in the Second Half of 2012 Than in the First Half

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Here’s just the first five…read ’em and weep in the following from Ben Hart (oh, and clearly this article is related to the article below posted just before this one):

1) Justice Roberts’ decision on ObamaCare. A quick look at the economic data shows that the economic recovery stopped on virtually the same day Obama signed ObamaCare into law on March 24, 2010.

2) Plunging Consumer Confidence. Consumer confidence has dropped to its lowest level since December, 2011.

3) Rising Home Foreclosure Rate. One in every 639 homeowners in America received a foreclosure notice in May — that’s just in May. That’s a staggering 9 percent increase over April and is 4 percent higher than May of 2011.

4) American home values continue to fall. Nearly half of America’s homes are underwater — meaning they owe the mortgage holder more than the home is worth.

5) The true unemployment rate is at least 11.1% percent — not the 8.2% official unemployment rate. If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office—65.7% then vs. 63.6% today—the U-3 unemployment rate would be 11.1%.

Read the entire article

UPDATE: If you’d prefer to believe a more positive prediction, read this article by Bob Stein in the National Review.

 

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