7.+Give+Me+Evidence

=GIVE ME EVIDENCE =

**Economy & Money Spending:** In Obama's ad, one of the main things he mentions is the United States economy is falling, and we need a plan for change to help our future. World stock markets were in decline a day after the collapse of one of the largest investment banks in the U.S. It was the worst day on Wall Street in 7 years. The US authorities are trying to put together a 40 billion dollar rescue for AIG that concerns that bad investments could send it into bankruptcy. The United States economy is in so much debt, it will be impossible to get out of this hole. With all the money we are in debt to China and the millions we spend each month in the Iraq War, we do not have the funds to help what is going wrong in the world today.
 * **Wall Street in major decline**
 * **Banks going bankrupt and closing**
 * **Trying to put together 40 billion dollar rescue for AGI insurance complany**
 * **American is in debt, getting out is near impossible for our future**

Not only did the worst day in seven years happen to Wall Street, but the new-homes sales dropped to its lowest level in more than 17 years. Monthly rates of new homes went down 11.5% in August and new homes sold at a pace that would result in 460,000 yearly sales, the lowest rate since January 1991 when the economy was in recession. This was also due to the weakness in the economy going into the financial crisis. With increased prices every where we look, more people are longing for jobs so they can afford the cost of living. The number of Americans signing up for unemployment benefits has also increased and jumped 32,000 last week to 493,000, which is Wall Street is the highest in seven years. The departments also said about 50,000 of those were a result of people being out of work because of hurricanes Gustav and Ike. Not only are salaries cut, the economy is in trouble and Americans are without jobs, natural disasters and the financial need they bring have risen with Gustav and Ike. Orders for durable long-lasting goods like cars and refrigerators dropped along with machinery and aircraft. All of these have added onto a weakened job market. It is safe to say that U.S. manufacturing is a weak and uncertain state.
 * Home Sales & Job Market:**
 * **New home sales dropped to lowest ever in 17 years**
 * **The last time this happened, economy was in recession**
 * **Filing for unemployment increased in Americans**
 * **Orders for goods are dropping like cars, refridgerators and machinery**
 * **Weakened manufacturing**

Along with the cost of living, placing amounts of money on your credit card have become a hassle as well because the rates have gone up! The increase of cost to use a credit card came at a time when Americans are worried about the economy, and rising home rates. The increased credit card rates don't mean much yet. The economy would like to cut interest rates, but it doesn't mean the credit card companies have to do so to their consumers. Sky-high credit card rates will bring down the economy even more because Americans will cut down on spending so they can pay the bills. Credit card companies like Capital One, Bank of America and Chase have notified customers that their interest rates are going up, and could be as high as 28 percent. These just fuel the economic with it’s slow down.
 * Credit Card Rates:**
 * **Not all credit card companies have to cut interest rates**
 * **Higher credit rates will bring down the economy more because Americans will cut down on spendings**
 * **Some could be as high as 28 percent**

Heather insurance is one of the most important things we as Americans need to protect ourselves. Yet, as we pay more and more for health insurance, they are covering less and less. The federal government says it's adjusting because of the surcharge put in order 10 years ago. The rise in the income is restoring the original intention of the surcharge: to get high-income earners to go to private health insurance. High-income earners are those on $100,000 a year, not $50,000. Economists wondered why the government should be getting mixed into the marketplace to support this industry with tax penalties and incentives. Increased support for the private health insurance left some people worse than before. Not only are private health insurances hurting, but so are the public ones. While the government gave the private health system about $2.5 billion a year, it took $3-4 billion a year out of the public hospital system. Those who could afford surgery in a private hospital were better off, but those who needed emergency treatment, treatment for chronic conditions, or rehabilitation found themselves in a public system starved of funds and forced to ration services. By the time of the 2007 federal election, public health was in a state of crisis and a major election issue. Despite the Federal Health Minister's saying that this is just an overdue adjustment, is more going on. According to the budget papers, the government expects to lose $660 million over four years but it will save $959.7 million over that period from more people not claiming the 30 per cent rebate.
 * Health Coverage, Sliced or Diced?**