The U.S. Economy Deteriorates Again

U.S. President Obama

New numbers released for the month of July 2010, indicates the U.S. economy has deteriorated once again. The economy lost 485,000 jobs and foreclosures have risen 6% in America.

The government does not have a grip on the monumental losses that are occurring and have no idea how to stem them. The state of bankruptcy the nation finds itself in, after years of reckless government spending, is growing increasingly worse.

As it stands, more money is going out of the U.S. Treasury, than coming in and the job creation programs the government has enacted and are poorly managed and wasteful, not yielding the maximum number of jobs possible.