Imagine a U.S. President presiding over a country in major economic decline: sales tax revenues plunging; unemployment still growing in many areas of the country every month; petroleum sales sinking like a rock; an anemic GDP; 40 percent of the net assets of the average American gone; prices for food and gas skyrocketing; durable goods orders have dived 13.2 percent; and suicides going up so fast they now outnumber deaths from car accidents according to the latest studies.

Imagine THAT. It’s unthinkable!

Now imagine that in the face of all this, the president claims things are getting better, and the media avoids challenging him when he repeats over and over again that “we are in recovery.” Even less believable, right?

Sadly, that’s what’s happening right now. We’ve gone from the world’s greatest economic superpower, to an Obama economy where Democrat leaders like Nancy Pelosi claim food stamps and unemployment benefits are economic activity. In our final death throes under Obama, we’ve become “The Suicide Economy.” Under Obama, Americans are committing suicide in record numbers. More people are now purposely killing themselves, than die in car accidents, for the first time ever.

A 2012 study revealed that suicide took over from motor vehicle accidents as the leading cause of injury death in 2009,with an age-adjusted rate of 12 per 100,000 population in that year. In 2009, more than 37,000 Americans took their own lives.

There are two conclusions to be drawn from the rise in suicides and state of the economy under Obama.

First, there is no recovery. We are in far deeper economic trouble than the media admits. I can tell you from firsthand experience as a successful entrepreneur and small business owner that understands what is happening at ground zero of the economy. Business is what I do, what I live, every minute of every day. And I can report that it’s ugly (and getting uglier) on Main Street.

There are no jobs. There is no improvement in business. I predict that soon after the holidays (and the election), if the massive tax increases are allowed to take effect, the U.S. economy will suffer a dramatic collapse. The stats mentioned in my lead are warning signs of a coming economic Armageddon. Is anyone listening?

Europe is the real “canary in the coal mine.” Looking at the EU is like looking into a mirror to see America’s future under Obama. Just today we see in the headlines stories about what is unfolding in Europe- unrest in the streets, rioting, violence, one third of the business in Athens out of business, middle class people starving and scavenging through dumpsters in Hungary and Greece. All of this pain and tragedy is caused by big government and big debt. By governments spending far more than they take in. Eventually it catches up with you. Eventually the investors of the world stop loaning you money. And then the crisis hits. All at once, your country goes from a normal existence, to a Great Depression, to a daily struggle for survival. Obama is leading us in the exact same direction as Europe. The sales tax drop in California, the drop in petroleum product sales, the drop in “Help Wanted” ads, the rise in suicides–these are all signs of where we are headed. Obama and the Fed cannot print enough fake money to paper over the truth.

The second conclusion you can draw from considering the social and economic dispair I have mentioned is that the mainstream media is not doing their job in calling out Obama. They know the statistics would doom Obama’s re-election. But there seems to be a total media blackout. You’ll never hear the truth about the state of our economy from the mainstream media.

Just consider if suicides were dramatically up under a Republican President like Reagan at the same time the economy was in free fall, what would the media say? They would not only make the connection, they’d be trumpeting this tragedy in bold headlines 24 hours a day. They would blame the suicides on the poor economy. They’d blame it on capitalism. They’d blame it all the spending cuts and lack of compassion of a Republican President.

So far Obama looks to be getting a pass. But history won’t be so kind. There is only one way to describe what we are all living through.

Someday history books will call this “Obama’s Suicide Economy.”

Wayne Allyn Root is a Capitalist Evangelist, entrepreneur, and Tea Party Libertarian Republican. He is a former Libertarian vice presidential nominee. He is the best-selling author of “The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gold & Tax Cuts.” His web site: www.ROOTforAmerica.com