Vast Stretches Of America Have Now Descended Into A State Of Deep Economic Hopelessness

Even though the stock market has been booming and the corporate media is full of talk about “recovery”, there are many communities in the United States where a permanent atmosphere of despair seems to hang in the air.  The federal government gives us doctored numbers that show that the national unemployment rate is low, but in small towns all across the country it seems like almost everyone is either unemployed or working extremely low paying jobs.  Earlier this month, one such town was profiled by USA Today.  Even before the COVID pandemic came along, the little town of Ogdensburg, New York was deeply struggling, but now economic conditions have become extremely dire…

The fact that stock market investors are rolling in giant mountains of cash doesn’t matter… The economic collapse fueled further crises. Ogdensburg’s city government is nearly bankrupt, says City Manager Stephen Jellie. Stores that depend on customers crossing the border from Canada are nearly empty. The pandemic closed 12-step groups across the St. Lawrence Valley, causing a spike in narcotics overdoses and deaths.

Similar articles could have been written about thousands of other towns and cities from coast to coast.  There is so much economic pain out there right now, and it is getting worse with each passing month.

theeconomiccollapseblog Vast Stretches Of America Have Now Descended Into A State Of Deep Economic Hopelessness