American Despair About The Economy Rises, As US Future Dims

[marmar]

from 24/7WallStreet:




American Despair About The Economy Rises, As US Future Dims
Posted: May 16, 2011 at 6:45 am


Americans’ optimism about an economic recovery, which was already very fragile, has turned downward.

A new Gallup poll says that “Three in four Americans name some type of economic issue as the `most important problem’ facing the country today — the highest net mentions of the economy in two years.”

Most of the reasons for the deepened concern are predictable. Some are not. Americans see their place in the world, and the place of the US, eroding, and they know there is little they or the country can do about it.

The poll’s respondents are worried about high gas prices, an increase in other commodities-based products, unemployment which may not improve much for a year or two, the possibility of higher taxes, and a withdrawal of some of the benefits of Social Security and Medicare. There is no reason to think that the problems will not persist. There is every reason that the federal government, strapped by high deficits, will not rescue its citizens from their difficult problems. ...........(more)

The complete piece is at: http://247wallst.com/2011/05/16/american-despair-about-the-economy-rises-as-us-future-dims/#ixzz1MW0ezYHu

[Vinca]

1. The root cause of this is the outsourcing of good-paying jobs.

I'm sitting within 5 miles of about 10 factories that have closed over the past couple of decades. Book printers, paper product manufacturers, shoe makers . . . gone to China. No jobs = no money to put into our economy = no taxes to the government = massive debt. The solution seems simple.

[fasttense]

2. Obama and the RepubliCONS with the help of Timmy and Ben

have engineered a trickle down recovery. The problem is the recovery is just NOT trickling down. It's staying put, just like most trickle down theories, in the hands of the psychopathic rich.