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Getbig Main Boards => Politics and Political Issues Board => Topic started by: loco on December 27, 2013, 09:12:37 AM
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December 27, 2013
Despite a recent string of positive economic news, Americans say they aren't feeling the improvements.
A new CNN/ORC poll released Friday showed people were pessimistic that the economy was improving. Nearly 70% said the economy is generally in poor shape, and only 32% rated it good.
Two-thirds of respondents said most of the economic news they've heard recently was bad news. More rural than urban dwellers said the economy was in poor shape.
And just over half expected the economy to remain in poor shape a year from now.
By some metrics, the economy has moved ahead this year. The stock market, for example, has surged -- the Nasdaq is up nearly 40% since January. Unemployment is at a five-year low point. Auto sales are at a seven-year high. Gas prices have dropped. And the housing sector, which dragged the U.S. into recession five years ago, is rebounding.
The Federal Reserve sees signs of strength, too. In December the central bank pulled back slightly on the stimulus that has boosted investor confidence this year.
But behind those numbers are the long-term unemployed, the under-employed and those who have dropped out of -- or never even entered -- the workforce. They're not sharing in the surging stock market, and many are about to lose jobless benefits.
Those people aren't buying big-ticket items like furniture or appliances, and some were cutting back on essentials. Thirty-six percent said they were cutting back spending on food or medicine, up from 31% in late 2008, the year the housing market collapsed.
The poll includes 1,035 adults surveyed by telephone between Dec. 16 and 19. It had a sampling error of plus or minus three points.
http://money.cnn.com/2013/12/27/news/economy/economy-poll/index.html?hpt=hp_t2
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I hate the 20% inflation a year no one alking about.
the lack of pop of housing prices back to normal
the megapayouts to union pensions un earned
and megatheft of the fed
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I dunno.
I like many Americans are making more than ever before.
Also inflation isn't affecting me as people say it should.
The stuff that is bad is gas, but then living in LA is going to have some high ass gas anyway.
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I dunno.
I like many Americans are making more than ever before.
Also inflation isn't affecting me as people say it should.
The stuff that is bad is gas, but then living in LA is going to have some high ass gas anyway.
Good for you! You ain't poor, my friend. You ain't poor...or low middle class either. You remarried yet? If not, that's probably helping you too.
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Good for you! You ain't poor, my friend. You ain't poor...or low middle class either. You remarried yet? If not, that's probably helping you too.
No. Not remarried.
I have a good woman, but we ain't at that stage.
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No. Not remarried.
I have a good woman, but we ain't at that stage.
Best wishes! Marry well, and stay married. Otherwise, stay single. ;D
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Taxpayer funded "Optimism Camps" are in order. All in favor?
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Best wishes! Marry well, and stay married. Otherwise, stay single. ;D
Very true statement... Thank you.
By the way... I do understand why people feel the economy is still in the crapper, but I think a lot of it really comes down to the debt and deficit.
It's hard to feel like things are better, when the debt keeps going up.
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I guess statements like that punctuate the fact that I'm not American,
'cause this Canadian can definitively say my economy is GREAT!!!
I JUST LOVE PAYDAY FRIDAYS :P
Can't wait to snap up some Boxing Day Bargains happening through til the end of the year
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Ask a member of the military if the economy is getting better, pay raise below inflation, retirement cut, and housing allowance cuts for all.