There is no other way to put it.  The American economy is a mess.

According to the Social Security Administration, 51% of all wage earners in the USA made less than $30,000 in 2014.

That number does not take into account those who are not working.

Nearly 40% of Americans eligible to work are not – the lowest percentage of workers since 1977.

Median income in America, which means half of us make more and half make less, now stands at about $54,000 a year.

That is 3% lower than it was when Barack Obama was elected president in 2008.

On the president's watch, median household income has declined by about $1,600.

White households make just over $60,000 a year.

Hispanics – $42,500.

Black – $35,400.

Black unemployment now stands at 9.2%.  It was 12.6% when the president took office.

White unemployment is 4.4%.

There is no question that American workers are being pounded, so it would seem that the Democrats would have little chance of winning the presidency in 2016.

But of course that is not the case.

It looks like the election will be very close depending on whom the Republicans select as their candidate.

The reason the American economy is flat-out bad is that we the people don't have enough money to spend.

Salaries are low because the private sector is not creating enough good jobs.

Democrats will tell you the government can provide those jobs, but that is not true.

Private industry was hit hard by Obamacare.

Many small companies cut back hours and did not expand.

Obamacare premiums will rise about seven percent next year and 80% of those enrolled in the Obamacare system are being subsidized by the taxpayers.

It is clear the social welfare state is not benefiting working Americans who remain under tremendous downward earning pressure.

Same thing happened when Jimmy Carter was president in the late 1970s.

That's one of the reasons Ronald Reagan was elected.  Mr. Reagan did cut taxes, especially on business, and the economy rebounded in the mid-1980s.

As Yogi Berra might say, it's deja vu all over again.

Now if you are making less than $30,000 a year, you are essentially a poor person grinding it out.

You know that.

Times are tough.

So if you are healthy, you have to do something and not rely on government.  You have to be self-reliant.

That means you might have to go back to school learn computers or drive an Uber car.  That's a growing industry where you can make some solid money.

You might have to move.  There are areas of the country that are booming, especially in the service industry.

In Florida and Texas, there are jobs and no state tax.

But hear me well.  If you are not making much money and you just sit there hoping that a political party will improve your life, you are a fool.

America is a competitive marketplace.  If the next president does not cut business taxes, the economy will get worse.

So you, yourself, have to take some action.

And that's the memo.