Today it feels different to be an American because of the historic nomination of Barack Obama, the president elect, who is about to take office as the 44th President of the United States. Now we will have to wait to see if it really ends up being different to live in this country. We all know that one person can’t change the country over night, but regardless of who you supported in yesterday’s election, we can all agree things need to change.
Since George W. Bush took office; unemployment has sky rocketed, home foreclosures are rampant, the U.S. National Debt went from 5.7 trillion to 10 trillion dollars, the trade deficit went from 380 billion to 759 billion dollars, corporation profits have doubled, consumer credit card debt has gone from 65 trillion to 128 trillion dollars, a college education has become unaffordable, student loan debt has exploded, less Americans have health insurance, and those that still do pay twice as much, and the annual U.S. household income has decreased.
It will be a long time before we know what the future holds. Let’s all hope the next 8 years are better than the last.
Tags: bankruptcy, credit card debt, healthcare, student loans
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