They are convinced Bush is the cause of it and nothing will change their minds.
It is real estate AND the budget crisis AND food and fuel inflation. It is 401k’s going down to 201k’s. And more Californians have lost their jobs. Unemployment has gone from 4.9% in 2006 to 6.8% today. To me, that’s just a number. To a guy without a job, that has real meaning.
My mother feels worse off and she’s retired. She doesn’t care what her long paid-for house is worth, or that the government is $30 billion in debt. But she is flipping mad over the cost of food and gas.
There is plenty to make Californians feel financially worse off. Generally, they are. Will wages soar to accommodate the latest inflation? I don’t see it. I see wages stagnant or falling.