Michael Bloomberg, the mayor of New York City, has voiced concern of riots in America similar to those in Europe that have been brought on by economic conditions. This was reported on CNN where a film clip was shown. Mr. Bloomberg’s warning comes on the heels of some very horrifying economic news. That news simply reinforces the suspicions that everyone has had in recent months.
First the average American family income this past year has dropped below $50,000. Second, the official unemployment rate is currently 9.1% and has not been below 8.8% since April 2009. Third, the number of Americans living in poverty last year reached 46.2 million people – the most in at least the last half a century. Fourth, A record 46 million Americans, or 15 percent of the population, have received government aid to buy food this year, according to data released by the US Department of Agriculture (USDA).
Washington is a broken system of politicians who really are more concerned with election results than making any effort to energize this economy. There are a variety of things that could be done to jump-start our economy but it is unlikely that any will be passed into law no matter what the president or speaker of the house says.
Large numbers of economists are now saying there is a one in three chance that the nation will fall back into a recession.
We obviously need new leadership in Washington. Perhaps Michael Bloomberg is the person to lead the way. He is a very wealthy business man who has shown he understands the workings of government. He claims no party affiliation.
I would support someone new with a different set of ideas. Barack Obama, Mitt Romney, Rick Perry get out of the way!
Coast Contact 