Gallup: Time to Redefine Recovery?

[West Coast Democrat]

This an interesting summary of a recent Gallup poll, however a subscription is needed to view the full results.

How long has this "recovery" been going on now? How should "recovery" be defined? Is it all just a bunch of wishful thinking?

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Finance & Commerce
8/5/2003

Time to Redefine Recovery?

The U.S. economy grew at a 2.4% annual rate during the second quarter, which seemingly reconfirms the views of most economists that an economic recovery is already underway. Still, less than half of all American investors describe the current economy as being in a recovery or a sustained economic expansion.

http://www.gallup.com/subscription/?m=f&c_id=13752

[MidwestTransplant]

1. Here's the deal with that...

Take out the government's adjustment for inflation expectation and defense spending and the economy was flat last quarter. That's probably why it feels like the economy still sucks.

[Robin Hood]

2. Yup, more smoke and mirrors.

I have been under employed for over a year now. I am working 20-25 hours a week and feel lucky to have a job, i guess. If Gore was in office I would be making 60,000+, instead of the 14,000 i made in the last year. My insurance is also pro-rated, so when you add taxes to that i brought home 10,000 and my property taxes are 2,500 a year. So in the last year I have brought home 7,500 bucks.

Yeayyy!! Go Bush..