The greatest economic boom since the end of the last Ice Age 10,000 years ago continues to defy logic. No matter how much the media hypes up the Obama Boom, Americans don’t feel any good about it. Economists love to bring out stats showing there’s growth. The problem is most Americans aren’t experiencing any economic benefits from this growth. Gallup did a poll showing most Americans feel there’s a recession or a depression. The culprit is clearly high energy and food prices.
(Reuters) – More than half of Americans say the U.S. economy is in a recession or a depression despite official data that show a moderate recovery, according to a poll released on Thursday.
The April 20-23 Gallup survey of 1,013 U.S. adults found that only 27 percent said the economy is growing. Twenty-nine percent said the economy is in a depression and 26 percent said it is in a recession, with another 16 percent saying it is “slowing down,” Gallup said
[….]
The Gallup poll found that Democrats are the most likely to say the economy is growing. Forty-three percent of Democrats said the economy is in a recession or depression, 13 percent said it is slowing down and 42 percent said it is growing.
Except for Obamabots, most Americans know the economy is anemic. It’s being propped up by inflation based money printing. We need real economic growth and good paying jobs. But don’t expect that with this economy. The Obama Boom is so good, most people don’t feel it!
Tags: Gallup Polls, The Obama Boom
