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Americans’ Economic Pessimism Grows, With Gloom ‘Pervasive,’ Polling Expert Says
Yahoo Finance ^ | 8/1/11 | Americans’ Economic Pessimism Grows, With Gloom ‘Pervasive,’ Polling Expert Says

Posted on 08/01/2011 8:33:43 AM PDT by Kartographer

Americans are so pessimistic about the economy now ... . And the level of public pessimism is actually higher than the deep 1981-82 recession overall," due to grim personal outlooks on a number of issues like jobs, retirement and health care, says Karlyn Bowman, a senior fellow at AEI who co-authored the report. "Their negative sentiments are affecting the way they feel about their family's future, and interestingly, the way they feel about their state governments. Usually negative attitudes about the national government don't seep into attitudes about the state government, but this time it is really different. This negative, gloomy mood is pervasive.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Society
KEYWORDS:

1 posted on 08/01/2011 8:33:45 AM PDT by Kartographer
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To: Kartographer
grim personal outlooks on a number of issues like jobs, retirement and health care

Huh? Wait a minute. Obama just gave you free healthcare last year, and the Dems just "saved" social security from the nasty Republicans. Why is everyone so grim????? Could it be that people are finally waking up and understanding that an ever-expanding state doesn't mean that they are taken care of?

2 posted on 08/01/2011 8:36:52 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: Kartographer

I’m seeing this personally on two fronts: in publishing, the closing of Borders and its affiliates HAMMERED us and we’ve seen massive returns of stock from those closed stores. In terms of financing our films, the money market for risk capital has really tightened up just over last year. A hard candy Christmas.


3 posted on 08/01/2011 8:38:26 AM PDT by LS ("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
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To: Kartographer
I've often wondered if American citizens have pretty much reached the "crisised out" phase?

Think about the past ten years...

It's been "crisis after crisis"

...some legit (9/11 and the wars)...

...some fabricated (health care, spending bills, debt limit, the never-ending recession)...

I think most Americans are pretty much numb to any new "crisis" and I think part of the reason for their - not frustration - but FURY

...at Washington for never being able to do "business as usual" so their lives could just go on...

If government would DO the job they were elected instead of waiting until it becomes a "crisis" so they can make their headlines...

4 posted on 08/01/2011 8:38:51 AM PDT by NorCoGOP (Obama's approval ratings: so low that Kenyans now accuse him of being born in the USA)
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To: Kartographer
“public pessimism is actually higher than the deep 1981-82 recession overall,”

That is because we are in a depression: The Obama Depression and the sycophants in the media insist that we are in a recovery.

5 posted on 08/01/2011 8:39:06 AM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: NorCoGOP
(pushed "post" too soon - sorry) - I also believe that thanks to DC's mismanagement, if not outright dereliction of duty, that most Americans have also tuned out DC to focus on their own local problems (jobs, gas prices, loss of investments) to really bother with any of the hot wind blowing out of DC.

Obama the great orator has become not even a distraction to most these days - I witnessed that last week with a speech while eating out - and NO ONE watched the whole thing...it was more of a "meh!" reaction (which I believe is a good thing for 2012).

6 posted on 08/01/2011 8:42:39 AM PDT by NorCoGOP (Obama's approval ratings: so low that Kenyans now accuse him of being born in the USA)
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To: Opinionated Blowhard

I started to write twice that the takers may be figuring out that the payers well is running dry.

The payers are surely figuring out that the takers will never stop willingly.

Some are figuring out that you can’t pay bills on promises, smoke and mirrors and you can’t eat hope and change.


7 posted on 08/01/2011 8:42:39 AM PDT by Sequoyah101 (Half the people are below average.)
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To: Jim from C-Town

They’ll keep on insisting that we’re in a recovery right up thru Nov 2012. Then watch all hell break loose.


8 posted on 08/01/2011 8:44:16 AM PDT by skeeter
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To: Kartographer
Americans are so pessimistic about the economy now...

What took so long. I am in Real Estate. I have been seeing dour faces for years.

9 posted on 08/01/2011 8:44:41 AM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: Kartographer

Every economic downturn in the US occurred while the Democrats controlled the House of Representatives. The House is the most powerful branch of govt. The House originates the spending bills and approves all tax and regulatory issues. One of the cleverest ruses the Rats and Pubes ever pulled off is this penchant for blaming the President of either Party for the criminal excesses of the House.


10 posted on 08/01/2011 8:46:03 AM PDT by Seruzawa (Hokey religions and ancient weapons are no match for good a blaster kid.)
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To: NorCoGOP

To call the Metro Atlanta economy moribund is an understatement. I sense ZERO green shoots and I know. The consumer is in critical condition with a self inflicted wound and the federal government serves as both instigator an immovable obstacle. This is getting bad, but the guy in DC is cheering! I am convinced this is exactly what he wanted!!


11 posted on 08/01/2011 8:49:31 AM PDT by KCengineer ( Speaking the TRUTH)
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To: Opinionated Blowhard

Entwined with economic gloom, I think people are finally realize that the government is just taking away our freedom inch by inch. Toilets, light bulbs, cars, bank account fees - you name and the government makes everything harder and more expensive.

I am very pessimistic and it has less to do with unemployment and interest rates and more to do with federal overreach and eroding of my liberty. But that’s just me.

Maybe people are finally beginning to realize that a government big enough to give you everything you want is big enough to take everything you have.


12 posted on 08/01/2011 8:50:13 AM PDT by iceskater (I am a Carnivore Conservative - No peas for me. (h/t N.Theknow))
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To: LS

I’m not surprised, Larry. I know of a number of families, myself included, who are struggling in this economy. It’s not easy out there at all, yet I feel lucky as there are far more out there who are less fortunate than I. Hang in there, Bud, as we all must. We need and appreciate your knowledge and expertise, and good work.

Jim


13 posted on 08/01/2011 8:51:25 AM PDT by bcsco
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To: Kartographer

We the people have two choices:

One is a third party and hope there’s time.

The other is to simply “retire”. If nobody works there is no money coming in at all. I think that would get their attention. I’d bet than in about two days they’d be asking people to come in off the street to write the bills. Because when the money stops coming in THEY lose THEIR gravy train.

Plus, advocating people not go to work is not advocating the overthrow of the government SO IT’S LEGAL.


14 posted on 08/01/2011 8:58:08 AM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: Seruzawa

>> The House is the most powerful branch of govt.

I’m not convinced of that — it depends on how you care to define “power”. But it’s not unreasonable to argue that it is the most powerful.

However, I would definitely agree that the House is the fastest way to apply voter feedback to federal government; therefore the House is the fastest and most potent *agent of change* in Federal government.

FRegards


15 posted on 08/01/2011 9:01:54 AM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
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To: Kartographer; bcsco; LS
Not surprisingly, there is another thread today regarding the WSJ's observation about another "pessimist" among us.

My post on that thread focuses on the underlying cause of such pessimism and why a return to America's founding ideas would be a cause for optimism.

Thank you, LS, for your work to restore those ideas. May you find new opportunities for publishing and expanding that work.

As I posted on the other thread:

At its heart, does the political philosophy embraced by the president not, by its very reliance on the coercive power of government, engender pessimism?

A collectivist/redistributionist/powerful government idea presents a sharp contrast to the ideas of Creator-endowed individual liberty, opportunity, creativity, and prosperity concept underlying America's Declaration of Independence and Constitution.

America's first 200 years provided the world with a unique example of what could be achieved when a "People" proved themselves capable of self-government under a written Constitution. Millions of oppressed individuals fled other countries and flocked to America to participate in that glorious experiment.

The following excerpt questions:

"Will The Great American Experiment Succeed?"

"Thomas Jefferson, in his First Inaugural Address, enumerated what he called 'the essential principles of our government. . . which ought to shape its Administration.'

"He then stated:

"These principles form the bright constellation which has gone before us and guided our steps through an age of revolution and reformation. The wisdom of our sages and blood of our heroes have been devoted to their attainment. They should be the creed of our political faith, the text of civil instruction, the touchstone by which to try the services of those we trust; and should we wander from them in moments of error or of alarm, let us hasten to retrace our steps and to regain the road which alone leads to peace, liberty, and safety."

Background

"When asked by a curious citizen after the adjournment of the Constitutional Convention what kind of government had been structured by the Founding Fathers, Benjamin Franklin is said to have answered: "...A REPUBLIC, IF YOU CAN KEEP IT."

"The extensive Constitutional republic they envisioned, in reality, became a place of liberty and opportunity for countless millions of people from all over the world. Their ideas worked, because they were based on enduring principles which recognized human imperfection and the need to structure a limited government of laws, dependent upon the consent of a people who, themselves, understood the principles.

"The Distinctiveness of the American Experiment as Laid Down by the Founding Fathers:

"What Has Happened to the Philosophy and Principles Held by the Founding Fathers?

"Have we kept faith with their ideas of republican (represen­tative) government and of the virtue which must underlie such an institution? As Andrew Jackson observed: 'It is well known that there have always been those amongst us who wish to enlarge the powers of the general govern­ment...and...to overstep the boundaries marked out for it by the Constitution.' Such is certainly true in 21st Century America! Not only do the various branches of government seek ways to expand their power by changing the Constitu­tion, but there are well - organized and heavily-funded organuzations actively at work to make serious changes in the Founders' system.

"Can America Lose Her Freedom?

"An examination of the history of civilization reveals that nations have risen, and they have fallen. Governments have been formed, and they have been dissolved. People have become free, and they have fallen into slavery again. Toynbee observed that 19 of the world's 21 significant civilizations disappeared from the face of the earth - not from assault by outside forces, but from deterioration within the society."

To read more, visit, and click to download essays from "Our Ageless Constitution."

The philosophy of America's Founders is one which inspires and uplifts. The philosophy of Mao/Marx/Lenin is one which has failed to provide "hope" and positive "change" in every society where it has been tried.

Can anyone wonder why a spirit of pessimism might be detected?

16 posted on 08/01/2011 9:03:09 AM PDT by loveliberty2
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To: Opinionated Blowhard

It’s all ‘investment’ you see....


17 posted on 08/01/2011 9:07:15 AM PDT by relictele (Pax Quaeritur Bello)
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To: Kartographer

Americans are so pessimistic about the economy now?....

Why in hell are they not pessimistic about the giant a-hole in the White House causing all this grief? Jeez!


18 posted on 08/01/2011 9:15:04 AM PDT by AngelesCrestHighway
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19 posted on 08/01/2011 9:26:19 AM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list.)
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To: LS

Wow, I looked at your profile page—great work! I’d like to read your books.


20 posted on 08/01/2011 9:26:34 AM PDT by proud American in Canada (To paraphrase Sarah Palin: "I love when the liberals get all wee-wee'd up.")
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To: Kartographer

either we didn’t come out of the last recession , or we’re entering another recession.


21 posted on 08/01/2011 9:33:57 AM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: skeeter
‘They’ll keep on insisting that we’re in a recovery right up thru Nov 2012. Then watch all hell break loose.’

The exact reason why every Republican operative, be they a candidate, spokesperson, or pundit MUST constantly use the phrase ‘Obama Depression’. Once it is used over and over, it becomes reality. Much like ‘Bush lied about WMD’.

The best part is that it IS reality! There are more than 20 million Americans out of work. Real unemployment is at 18% or higher. Housing is in the toilet with more loss of equity than during the last Democrat Depression. Also jobs are being shed at a rate of close to 2 million a month with new Unemployment claims above 400K for the last six months.

The economy is a disaster and all the Republicans have to do is make the Democrats own what they wrought. We are witnessing a financial reckoning not scene in decades and if played properly, with bravery, we will landslide Obama and the Democrats.

22 posted on 08/01/2011 9:37:47 AM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Kartographer
IOW more Americans are finally coming out of denial... welcome to the apocalypse!

LLS

23 posted on 08/01/2011 9:38:52 AM PDT by LibLieSlayer (juan mccain certified Al Palin Hobbit Terrorist)
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To: Kartographer

Bright and early tomorrow morning we head out from our home in Seattle to our farm/home in Kentucky. Hope we make it in time.

;-)


24 posted on 08/01/2011 10:07:10 AM PDT by RobRoy (The US today: Revelation 18:4)
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To: RobRoy

May the road rise to meet you.
May the wind be always at your back.
May the sun shine warm upon your face.
May the rains fall soft upon your fields.
And until we meet again,
May God hold you in the hollow of His hand.


25 posted on 08/01/2011 10:15:39 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: LibLieSlayer

>>IOW more Americans are finally coming out of denial...<<

This is something I noticed. I was right there with Peter Schiff back in 2006 about the housing meltdown, and I didn’t find out about his position until almost a year later.

Meanwhile, it is now what pretty much everyone is talking about, and I’ve watched it get to that point over the last several years. The increase is exponential. The thing is, since 2006 I’ve been warning that once this thing hits critical mass it could get very bad, VERY quick. I’m actually concerned that it could be triggered as we drive to KY and find we cannot get fuel to get all the way there. It’s a small concern, but real.


26 posted on 08/01/2011 10:21:07 AM PDT by RobRoy (The US today: Revelation 18:4)
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To: Kartographer

Thank you. Sincerely. :-)


27 posted on 08/01/2011 10:25:43 AM PDT by RobRoy (The US today: Revelation 18:4)
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To: RobRoy

I agree... carry jerry cans and fill up often. Good luck!

LLS


28 posted on 08/01/2011 10:35:49 AM PDT by LibLieSlayer (juan mccain certified Al Palin Hobbit Terrorist)
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To: proud American in Canada; bcsco; loveliberty2

Thanks all. All “optimism” must be grounded in a faith in American exceptionalism. This is what is missing. Exceptionalism does NOT mean “my country’s better than yours,” although it can. It means that by origin and structure, the USA has elements that NO OTHER nation on earth has: free markets, Christian religious faith (mostly protestant), property rights, and common law. Many countries (Japan, Taiwan) have #1 and 4; some (England, Germany) have 1, 2, and 3, but NONE have all four except us. So when that freakin’ idiot Obama says the Greeks believe in “Greek exceptionalism,” it shows what a total imbecile he really is and how he does not understand who NO other country is “exceptional” like we are.


29 posted on 08/01/2011 12:02:42 PM PDT by LS ("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
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