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Originally Posted by justindew
Bill Clinton was once overheard laughing at how stupid the American people are. He said "As long as I kept gas prices low, everyone thought everything was fine."
Americans, by and large, can't think for themselves. A recent poll showed that nearly 60% of Americans rated the economy as either "bad" or "below average", while 70% of the same respondants said their economic status was "good" or "better than average."
If the media says the economy is bad, Americans will believe it. It's easier to let the media think for you.
Look around. People are still going to dinner and going on vacations. In spite of high gas prices, people are still driving.
And everyone has a job. In fact, unemployment claims took a dive last month.
But the economy sucks, apparently.
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Seeing how I'm the one who got you on this a few days ago by suggesting the economy was a partial reason for a drop in the Preakness handle, I probably need to respond to your debate with some others on here. I appreciate your optimism about the economy, you bring up some valid points, in fact I really hope you're right. The reality is though Justin, things aren't good, especially for the lower middle class. Foreclosures are up and most in this category are living paycheck to paycheck. The worst though is Credit Card debt. The average credit card debt of a 30 something is in the neighborhood of 15,000. This is not good. Gas prices are obviously not the main indicator of the economy, but this is not helping either. We are in a tailspin, I just hope it gets better or we are headed for big trouble.