Thursday, August 28, 2014

Most Americans don't believe the U.S. economy has improved in the last five years

August 28, 2014
The Fiscal Times
By Eric Piani
(http://finance.yahoo.com/news/why-down-dumps-economy-100000307.html)

It is very understandable. The capitalists delivered a very heavy blow to the U.S economy with their huge speculation activities during the so called housing bubble. Not a single capitalist banker or Wall Street manager has gone to jail for what they did. Impunity is a common thing in a country so corrupted as the USA is.

In the small town where I live, businesses continue closing at an alarming rate.

Here are the first two paragraphs of Mr. Piani:

Nearly five years after the recovery began, Americans in alarming numbers believe the Great Recession permanently damaged the economy and that many aspects of the lifestyle they once enjoyed – a good job, income security and more – may never again be theirs.

Even more troubling, most Americans don’t believe the economy has actually improved – or will improve – despite nearly half a decade of job growth and declining unemployment rates since the recession officially ended in June 2009.

Related:

Depressed and Worried, Americans Blame Obama and Congress

In the new Wall Street Journal-NBC News poll, Obama’s approval rating for his overall job performance and handling of foreign crises dipped by a percentage point from the previous month to just 40 percent – his worst showing ever – while his new disapproval rating of 54 percent matches a previous high. The president’s message of hope for middle-class Americans, students and other disadvantaged people does not seem to be winning many converts.

(http://www.thefiscaltimes.com/Articles/2014/08/06/Depressed-and-Worried-Americans-Blame-Obama-and-Congress

No comments: