Posted on 06/19/2007 12:53:17 PM PDT by andy58-in-nh
NEW YORK
A new Gallup Poll will only reinforce those who claim that while the rich get richer most Americans don't feel they are sharing in the growth in our economy. The stock market may be climbing and the unemployment remains relatively low, but 7 in 10 Americans believe the economy is getting worse -- the most negative reading in nearly six years.
(Excerpt) Read more at editorandpublisher.com ...
Who do they reach at home with land lines when polling?
“Further proof that propaganda works.”
So true. And scary.
This is how a free press helps to keep people informed.
One, you live in NJ. Two, nuff said. But let me say more. Your story illustrates perfectly why people don’t see the economy as humming along. NJ is liberal land central. The land of taxes and a near bankrupt government. The land where if you work a job and make money, you are, gulp, rich. And as the libs in NJ tell us constantly, rich people need to pay pay pay. Of course, the deomcrats in NJ get votes by promising millionaire taxes and tax increases on the “rich”. Well, this means YOU. Of course the economy won’t be good in a state like that!!!
You say you can’t leave. Well, you might want to at all costs before NJ implodes of its own socialist weight.
Home ownership is at an ALL TIME HIGH, inflation is low to non-existant, we have almost full employment , businesses everywhere are desperately seeking employees, the stock market is booming, yet the lemmings keep drinking that Kool-aid.
You have to be forty or more to remember how Carter messed things up.
"Nonfarm payroll employment increased by 157,000 in May, and the unemployment rate was unchanged at 4.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Health care and food services added jobs, while employment declined in manufacturing. Average hourly earnings rose by 6 cents, or 0.3 percent, over the month.
The number of unemployed persons (6.8 million) and the unemployment rate (4.5 percent) were unchanged in May. The jobless rate has ranged from 4.4 to 4.6 percent since September 2006. Over the month, the jobless rates for the major worker groups--adult men (4.0 percent), adult women (3.8 percent), teenagers (15.7 percent), whites (3.9 percent), blacks (8.5 percent), and Hispanics (5.8 percent)--showed little or no change. The unemployment rate for Asians was 2.9 percent, not seasonally adjusted.
Add to that wage depression at the bottom end of the wage scale due to immigration, legal and illegal, and I can understand why where you stand on the economy depends on where you sit. About 50% of the country pays 1% of the income tax and more than 80% pay more in FICA taxes than income taxes. Inner city unemployment rates are in the double digits.
The economy is slowing down.
It’s not good for everybody or evry locale, but we’ve had 20 something quarters in a row of growth, and the unemployment rate is 4.5%. I can’t imagine it being much better, on a national level.
See my post #47. The unemployment rate among blacks is 8.5% and among Hispanics 5.8%.
Nuff said?
So do I. While the economy in Michigan is nothing to write home about - it was much much worse in the 1980s. We actually are having growth - although very small (.2% last year) But small growth is better than recession.
We think it's terrible that the unemployment rate in Michigan is 6.7%. Back in the 80s it was 12-13% and people were leaving Michigan like rats deserting a sinking ship. Remember the bumperstickers?: "Last One to Leave Michigan - Turn Out The Lights". I do.
Most people have very short memories.
Sounds easy, yeah, a piece of cake. My wife and I pull in almost 100k a year, we have 3 kids in school. Ok, I’ll just
jump to another job and make more money. I’m only buying the basics, plus selling crap on e-bay to help offset the extra gas money. One of my kids is Autistic and has meds each month. Walk a mile in my shoes bro.. don’t judge me.
The Michigan unemployment rate went to 6.9% in May, but is still represents an improvement of .3% over the past year.
I'm not surprised considering how much W's economic policies are slanted toward the demand side with a weak dollar.
I guess that means you are in the 3 out of 10.
Tell them that everything is a mess long enough and they will believe you... Now poll this question are you better off now fiancially then you were say 6 years ago...
Resounding yes... but the perception that the wealthy have really capitalized on the economy and the fair share hasn’t dropped down to the middle and lower is all around us in the media, the liberals etc.
The Democrats plan to help us all is raise our taxes of course duh that will result in job losses across the board because those rich folks that hire most of us middle and poor folks won’t be eating a tax hike they will cut out their largest expense (Payroll). Because of course their rich and not stupid.. Now unemployment rates go through the roof but don’t worry get on welfare and medicare for kids and free health care for all and the ones that continue to work can have tax increases of 10 or 20 percent to pay for it all... yeah... more money to the government as they grow bigger and bigger to take care of us poor folks.... but then we will be told that we have to ration yes because evil Bush policies caused all this and we have to pay our fair share you remember some such crap like “Ask not what your country can do for you (Unless you are poor urban Americans living in the ghetto) Ask what you can do for your country... It all makes me sick.
Yes, but the business I work in is reliant on the income of people spending their `extra money’ `play money’ etc, and that has taken a nose dive this year, not only for us, but
others in the industry, which tells me people no longer have the extra to spend, so I don’t think it’s just me.
Sorry, its just hard for me to understand. We make about that much exactly, and have one child plus huge student loans, and we save about $1,400 per month after all our expenses.
Granted, we live in a proverbial “armpit”, so I’m sure the cost of necessities are much higher for you. But how do you define necessities? Both our cars have about 140,000 miles, and we haven’t done any work on our house for 5 years, but that’s the way I want it ... I’d rather invest in future security.
I think it has more to do with the overall picture.
3 dollar gas. Driving to work and hearing about more US soldiers dying in Iraq. Healthcate costs. The cost of everything is going up. etc. It is more of a mental thing.
I am 21 and living in a 1 bed room apartment. I am living alone (for now). I am really learning how to manage money on my own and make it last. I was raised by good parents who stressed how important it is to live within our means. I think the big problem is that most Americans have eyes that are bigger than their wallets. They get a shiny credit card and go nuts with it. It catches up with people after awhile.
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