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

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.


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.


No comments: