National Economic Problems

We Duh People!, makes a valid point in regards to our economy both Nationally and Worldwide.  We Duh People points out the unemployment rates, rise of food prices, and the rainy cloud over our heads, our ever increasing national debt. 

     We Duh People points out that the unemployment rate for students are at 8.2%, well its not just students its the national unemployment rate.  The sad thing is this doesn't include those that are partially or under employed.  53% of college graduates under the age of 30 are under or unemployed.  I like to refer to this as the New Great Depression.  If the government really truly counted everyone that was unemployed we would be about even with the numbers from the Great Depression. 

     Because fuel prices are increasing everything that needs fuel is affected by the gas prices.  For instances food. We need to move food across the country and that takes fuel that farmers have to pay for.  So you see the food prices increase to accommodate the increase in the cost of fuel.  The day that Obama came into office gas at the pump was $1.80, it is now upwards of $3.70 it has more than doubled.  This however, is only part of the problem.  The US has the highest corporate tax rate in the world.  So instead of companies creating jobs here (where we need them) they create them overseas where they have lower tax rates. 

     The National Debt seems to be the elephant in the room that everyone is trying to ignore.  However, it isn't going anywhere.  As long as we have a super high national debt with no plans to pay it off, our credit rating will continue to be dropped and this country will become even further in debt and be owned by countries over seas such as China.