Praying for a Strong Economy: The Fact of the Matter
“For which of you, desiring to build a tower, does not first sit down and count the cost, whether he has enough to complete it? Otherwise, when he has laid a foundation and is not able to finish, all who see it begin to mock him, saying, ‘This man began to build and was not able to finish.’” (Luke 14:28-30; ESV)
The recovery since 2009 has been the slowest in U.S. history. IBD states that had it been “average”, the economy would be $2 trillion larger ($18.5 trillion GDP for U.S. 2016).
GDP has averaged 2.1% per year since 2009. By comparison, growth rates often hit 6-8% under Reagan’s administration.
Job growth has actually been anemic, as increasingly discouraged workers have dropped out of the workforce (67% participation rate in 2008 vs. 62% now). The unemployment rate would be over 9% currently had so many workers not dropped out.
The number of people working more than one job has hit an all-time high.
Debt in this nation is at $19.9 trillion dollars or $61049 of federal debt per person! The debt of other nations is at a critical point in many countries worldwide (See org)
(source: Investor’s Business Daily, 10/24/16; 10/17/16) (Jerry Tuma and Marc Nuttle)1
Give Him 15 minutes in prayer1:
Pray that the American public, especially Believers, would face the cold hard Truth, so that a solid path forward can be created.
Ask the Lord to give the President and his Cabinet strategies for true economic recovery.
Pray for American employers to know how to create more jobs.
Intercede for American workers that we will find or create meaningful, well-paying jobs.
That all governments of the world will reduce deficit spending, including the United States.
That the United States will work towards balancing its budget and managing the dollar as the world’s reserve currency for the good of all countries.
A prayer you can pray:
Lord, we pray that Americans, especially American Christians, would get their heads out of the sand and face the truth about our nation’s economy. It is not in full recovery, but You can help our government leaders know how to get it there. Our citizens of all working ages need jobs that can support their families. Help them know how to create them, even how to create them for others. Show our government and private citizens how to get out of debt and live on a balanced budget, thereby moving into financial health and stewardship. In Jesus’ Name, amen.
We decree that the financial system of the United States will come into right and proper order now in Jesus Name!