The Cold, Hard Facts Which Prove That the Past Decade Was Actually Quite Awful for the U.S. Economy

by Michael Snyder
The Economic Collapse Blog

If this is what “the good times” look like, how nightmarish are “the bad times” going to be? In America today, more than 500,000 of us are homeless, about 40 million of us are living in poverty, 50 percent of all workers make less than $33,000 a year, and 70 percent of us have cried about money. But at least the economy has been “growing”, right? Well, in this article I would like to address that. Even if you believe that the highly manipulated economic growth numbers that the government puts out are legitimate, they still show that we are in one of the worst economic stretches in all of U.S. history.

From 1930 to 1933, the U.S. economy experienced four years in a row during which GDP growth each year was under 3 percent.

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