The economy is much worse than official data shows

“The Great Recession may have officially ended in June of 2009 (according to the National Bureau of Economic Research), but many Americans are still extremely pessimistic about the economy. That’s the conclusion of a national survey conducted by the John J. Heldrich Center for Workforce Development at Rutgers University.

Nearly 1,100 employed and unemployed Americans participated in the survey from Jan. 9 to Jan. 16. The survey’s lead researcher Mark Szeltner joined The Daily Ticker to discuss the data and what it reveals about the national psyche.”

Here is a direct video link.

psst America: stop wasting precious time and capital re-inflating asset bubbles and rescuing bankers and double down on revolutionizing the way you produce and consume energy and you will find your way to the next boom of prosperity and leadership in the world. Yes you can.

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2 Responses to The economy is much worse than official data shows

  1. Gary T. says:

    Noooo…. who’d a thunk.

  2. Robert says:

    Governments cannot “double down” on anything and produce prosperity so it’s not a matter of “revolutionizing the way you produce and consume energy” as the free market has already done it. Every energy source has had it’s own S-Curve of utility and dominance as it replaced the previous energy source and we cannot have a paradigm shift in energy production before it is technically and scientifically possible. Mal-investment by economically illiterate statists like Obama is slowing down progress.

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