by Michael Snyder, End Of The American Dream:
Americans appear to be increasingly pessimistic about the future of America. According to a Real Clear Politics average of recent polls, 68.9 percent of Americans believe that the country is on the wrong track, and only 23.1 percent of Americans believe that we are headed in the right direction. But if you have been listening to the endless parade of political speeches at the Democratic and Republican National conventions, you would be tempted to think that the greatest days for the United States are right around the corner. The politicians keep promising us that better times are coming if we will just make the “correct” choices on election day, but no matter who we send to Washington D.C. things just seem to keep getting worse and worse. Let’s take a look at just a few of the signs that indicate that our country is going in the wrong direction…
-The rise in violent crime: We haven’t seen crime rise this rapidly in our major cities in a very long time, and according to a report that was just released this week many forms of violent crime are way ahead of where they were at this time last year…
A new report published by the Major Cities Chiefs Association said that violent crime – homicides, rapes, robberies, assaults and shootings – is on the rise nationwide.
The troubling results, though just one survey, could provide vindication to Republican presidential candidate Donald Trump. President Barack Obama has contested Trump’s assertion – made prominently in his nomination acceptance speech last week – that crime is a national epidemic and major problem.
The mid-year violent crime survey, released Monday, shows 307 more homicides so far in 2016, according to data compiled from 51 law enforcement agencies from some of America’s largest cities, including Chicago, Los Angeles and New York. There have also been 1,000 more robberies, approximately 2,000 more aggravated assaults, and 600 more nonfatal shootings in 2016 compared to this time in 2015.
–Police officers are being shot at a staggering rate: The number of police officers shot in the United States during the first half of 2016 was up 78 percent compared to the exact same time period last year.
–The U.S. economy continues to crumble: We just learned that orders for durable goods fell again in June, Gallup’s U.S. economic confidence index just hit the lowest level so far this year, and at this moment 43 million Americans are on food stamps.
-The U.S. consumer appears to be increasingly tapped out as the middle class shrinks: Most of the country is living paycheck to paycheck these days. One recent survey found that 62 percent of all Americans have less than $1,000 in savings, and U.S. News & World Report is reporting that some analysts are projecting that we are heading for a “restaurant recession”…
Analysts are forecasting a “restaurant recession” in the U.S., which is bad news for America’s food and drink establishments and potentially even worse news for the economy at large.
Paul Westra, a senior research analyst at Stifel Financial Corp., said in a research note Tuesday that he’d turned “decidedly bearish” on the restaurant industry, downgrading Stifel’s stance on 11 different restaurant stocks, including Chipotle Mexican Grill, Panera Bread and Cheesecake Factory.
He and his colleagues now “confidently believe” that the weak restaurant consumer spending seen in the second quarter of the year “reflects the start of a U.S. restaurant recession.”
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