The World’s Largest Economy: A Poor Rich Country

Published in Gandul
(Romania) on 19 September 2010
by Bogdan Munteanu (link to originallink to original)
Translated from by Andreea Muntean. Edited by Jessica Boesl.
Had the Republicans been the ones statistically showing just how much poorer Americans have become in 18 months of Obama’s presidency, they might have been regarded as malicious. The publication of the data by the main statistics agency in the U.S. got Obama to admit "how tough 2009" had been.

Another four million are poor, another five million unemployed, several million underemployed and insolvent debtors. This is the balance sheet presented by Obama, who was brought to the White House by the greatest wave of hope America had known for decades.

Nowadays, it’s exactly the middle-class — hypnotized by the old "Yes, we can" — that is suffering the most. America’s backbone is getting thinner by the day, in addition to the fact that the American dream is gradually being replaced by the Brazilian version of it — a few extremely rich, many extremely poor and a middle-class that is statistically insignificant.


Dacă ar fi fost anunţate de republicani, datele despre cât de mult au sărăcit americanii în 18 luni de mandat ale lui Barack Obama puteau fi privite ca "rău-voitoare". Publicarea lor de principala agenţie statistică a SUA l-a făcut pe Obama să admită că ele arată "ce dificil a fost anul 2009".

Încă patru milioane de săraci, încă cinci milioane de şomeri, multe milioane de "subangajaţi" (care muncesc part-time) şi de debitori ipotecari insolvabili. Acesta este bilanţul preşedintelui Obama, adus la Casa Albă de un val de speranţă cum nu cunoscuse America de decenii.

Acum, tocmai clasa de mijloc - hipnotizată de sloganul "Yes, we can" (Da, putem) - suferă mai mult. Coloană vertebrală a SUA se subţiază de la o zi la alta, odată cu înlocuirea treptată a visului american cu o versiune braziliană a acestuia - puţini foarte bogaţi, mulţi foarte săraci şi o clasă de mijloc puţin relevantă statistic.
This post appeared on the front page as a direct link to the original article with the above link .

Hot this week

Australia: We Might Have just Found Where Australia’s Red Line Is with Donald Trump

Saudi Arabia: Will Trump Abandon the War and Drag the Gulf into It?

India: Iran War: America’s Old Playbook Is Faltering but Bharat Can Help Reset It

Germany: Trump and Netanyahu Argue over Ending the Iran War

Topics

Australia: This Madness Has Gone On for Too Long. Australia Can No Longer Rely on Trump’s America

Canada: Donald Trump’s Hubris Got Us into This Quagmire of Rising Prices

Japan: US-Japan Leadership Summit: Stick to Refusal of Military Support

Australia: Donald Trump’s Backtrack Illuminates Iran’s Leverage in an Asymmetrical War

Australia: Donald Trump Emboldens TACO Taunts over Sudden Iranian Strikes Backdown

Australia: Trump Looks Increasingly Trapped over Iran as Markets Gyrate and Oil Shortage Hits Heartland

Australia: Gulf States and Energy Markets become ‘Soft Belly’ of US-Israel War with Iran

Related Articles

Romania: Trump Hopes That All American Troops in Afghanistan and Iraq Will Be Repatriated by May

Romania: America’s Allies Might Miss Donald Trump

Romania: Sow the Wind and Reap the Whirlwind

Romania: Dispute between Trump and Macron Renders Trans-Atlantic Relationship Uncertain

Romania: A New Step to Hell: Donald Trump Unilaterally Denounces Intermediate-Range Nuclear Forces Treaty