Gallup: U.S. Recession Never Ended On Thursday, 16 January 2016, Gallup headlined Americans Satisfaction With Economy Sours Most Since 2001, and reported that the percentage of Americans who say that they are satisfied with the state of the nations economy is now (as of 5-8 January 2014) 28%, as compared with 68% during Gallups previous survey, taken 10-14 January 2001. That 40% drop is almost twice the 21% drop in satisfaction shown on the second-most-steeply-falling of their 20 survey-questions, which was just a 21% drop in satisfaction with the role the U.S. plays in world affairs. By contrast, the steepest rise in satisfaction registered on their 20 questions was on the quality of the environment, which rose 23%, from 46%, to 69% satisfied with it now. The only really stunning outlier in their findings on all 20 questions was the 40% plunge in economic satisfaction, shown during that 15-year period. Although economists claim that the post-2008 recession ended in June 2009, economists ignore who owns what, or the distribution of wealth, and so they dont care whether one person owns everything or whether the wealth is equally distributed (thats something that is measured by something called Gini, and they dont include that when defining either recession or boom), and so they dont care about the fact that 95% of the income gains since the recovery started in June 2009 have gone to the richest 1% of the U.S. population. Republicans especially dont care about the poor. For example, there was Romneys famous statement about the poorer 47%, whom he didnt concern himself about; but thats really just standard Republican thinking, not Romney individually; no surprise there; and, like economists belief in the invisible hand of God, the view is based on admiration for the rich, and similarly contempt for the poor, attributing poverty to laziness, etc., and wealth to such virtues as wisdom. However, remarkably, more Republicans than Democrats are currently dissatisfied with the economy: Gallups new report shows that whereas 56% of Democrats are satisfied with it, only 31% of Republicans are. Democrats are more satisfied with it because they are prejudiced to like the present President, since hes a Democrat. Similarly, Republicans are less satisfied with it because they are prejudiced to dislike him, since hes both a Democrat and a Black -- a combination that holds little appeal to the conservative, White, Republican, electorate. When Gallup reported in 2001 their earlier findings, they provided no breakdown by Party, but did show that 68% of the public were satisfied, and only 27% were dissatisfied then, with the economy. Since this survey was taken at the end of the Bill Clinton boom and more than two months after a Republican (George W. Bush) had been elected to become the new President, and Clinton was both White and a Southerner, both of which attributes held appeal to Republicans, the optimism then was evidently shared by both Democrats and Republicans. What we have now is instead optimism only by Democrats, as if they constituted the richest 1% -- the people who are benefiting. Other than Democrats, and the richest 1% (who are overwhelmingly, by about 70%, Republicans), Americans evidently think that the U.S. recession is still continuing, even six years after Barack Obama became President. more with links to Gallup data... opednews/articles/Gallup-U-S-Recession-Nev-by-Eric-Zuesse-Democratic_Democrats_Economic_Economists-140117-784.html
Posted on: Fri, 17 Jan 2014 21:02:54 +0000
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