Gallup: More Americans Think US In Depression Than Recovery

Discussion in 'Economy' started by Annie, Apr 29, 2011.

  1. Annie
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    Annie Diamond Member

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    Can't be good news for anyone. More think in depression, than recession. The unifying agreement comes in not believing in recovery and making fun of Reuters headline:

    Most Americans say U.S. in recession despite data: poll | Reuters

     
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  2. Skull Pilot
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    Skull Pilot Platinum Member

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    Perception is reality when personal finances are concerned.
     
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  3. Annie
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    Annie Diamond Member

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    Indeed. There's also the problem of who to believe, the drumbeat of things are improving or your own lying eyes. ;)
     
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  4. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    the GDP last quarter was 3.1 this quater it's 1.8. Someone is fudging the data if they're saying things are getting better.
     
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    Last edited: Apr 29, 2011
  5. editec
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    editec Mr. Forgot-it-All

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    That's because they have an astounding grasp of their own personal realities.

    The national economic data, the GDP does NOT describe the state of affairs for every American.

    How you're doing in this economy mostly depends on where you were in terms of socio-eocnomic class before the meltdown.

    If you are of the lower 4 quintiles (the bottom 80% or so) you STILL ARE in a depression.



     
  6. jillian
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    jillian Princess Supporting Member

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    That's because the rich are the ones benefitting from the increases in the economy and the middle class keeps getting pushed. but i think it more likely that if people keep getting told that it's a depression (which is a lie), they start repeating it like little parrots.

    and every time the right sees a glimmer of improvement, they try to kill it because they want things to stay bad til after the 2012 election.
     
  7. Annie
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    Annie Diamond Member

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    Disagree with you and Reuters, the experts, particularly in those in this administration have been wrong time and again. Worse yet, we can see that his plans on oil are making a very bad situation much worse.

    What's happening are those who are underemployed and still unemployed are friends and loved ones of those doing a bit better. In many cases getting some assistance from them, either through monetary means or networking. No matter, the situation just is spiraling down.
     
  8. editec
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    editec Mr. Forgot-it-All

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  9. CountofTuscany
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    CountofTuscany Senior Member

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    Ah yes, what I see is different from what you tell me.
     
  10. CountofTuscany
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    CountofTuscany Senior Member

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    All I can say Jillian is Obama and the democrats had complete control for the first two years of this administration and they did nothing to improve the economy. I can't fault the republicans for that. Amid the cries of republican obstructionists I saw democratic greed and everything we hated about the previous Bush administration. I voted for Obama and I am terribly dissapointed that I did. He has turned out to be nothing more than a man of empty promises. The right was no better but Hope and Change has left a lot to be desired. Where to turn to now, I don't know. But what we have right now is not going to do it for us.
     
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