Poll: Economy Jitters Vary in Sources

[sabra]

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http://www.guardian.co.uk/uslatest/story/0,1282,-5047700,00.html

Poll: Economy Jitters Vary in Sources

By WILL LESTER

Associated Press Writer

WASHINGTON (AP) - Public jitters about the economy persist despite recent signs of growth - with unease fueled by everything from high gasoline prices to uncertain housing costs to the growing budget deficit, according to a poll released Wednesday.

Only about one in three Americans think the national economy is in good shape, according to the poll by the Pew Research Center for the People & the Press. Pessimism about future has grown over the last year.

``The public doesn't have one economic worry,'' said Andrew Kohut, director of the Pew Research Center. ``It has a variety of economic concerns from gasoline prices, to increasing worries about the affordability of housing to a stock market that no longer seems as buoyant as it once did.''

In addition, Kohut said, ``The budget deficit looms as a big issue.''

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[whistle]

1. What exactly is in the American economy today, that gives hope

...of a new economic boom? Can anyone identify specific economic factors that will stimulate and motivate this economy to take off? I sure can't. It's now the same old same old. Big corporations have 90% of the economy covered. The military is waiting for the next big infusion of funds which are all earmarked and spoken for. Jobs will continue to be outsourced overseas. Inflation has doubled and essential goods and services prices are rising beyond the normal inflation rates. The wealthy are saving and accumulating capital while the middle class eats into their savings just to stay ahead. Cheaper imported goods are pouring into the country, but fewer consumers can afford even the cheapest goods. The country's infrastructure is falling apart, but neither the federal state or local governments are willing to commit money to fix them.

I'm of the mind that the economy is headed right into stagflation, the same state that the American economy faced after 8 years of republican greed and mis-management under Richard Nixon and Gerald Ford. Even Jimmy Charter could not fix that mess. Who the hell will fix Bush's total economic fuck-up?

My assessment: the U.S. economy is anemic and poised for decline as investors and corporate managers pull in and tighten belts to squeeze out the last of the profits that they can before folding their tents and cutting and running to greener pastures elsewhere.

[Deja Q]

2. Consider it as being diagnosed with 'country cancer'.

As if you or I were diagnosed with cancer.

The amount of time that we can still live at full capacity is limited.

Use it the best you can.

For it will be gone soon.

[corker]

3. Well said....

[Sanity Claws]

4. I agree

That's why I was utterly surprised when earlier this week, an alleged poll said consumer confidence was up. I think that poll was fixed.