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More Americans Think Economy Will Never Recover
CNBC ^ | 06/03/11 | Christina Cheddar Berk

Posted on 06/04/2011 8:09:55 AM PDT by TigerLikesRooster

More Americans Think Economy Will Never Recover

Published: Friday, 3 Jun 2011 | 1:26 PM ET

By: Christina Cheddar Berk

The mixed signals regarding the economy's health are taking a toll.

About 10 percent of Americans say they never expect their spending to return to pre-recession levels.

Americans are growing increasingly doubtful about direction of the US economy, according to the latest survey from business-advisory firm AlixPartners.

In fact, an increasing number, some 61 percent, say they don't expect to return to their respective pre-recession lifestyles until the spring of 2014, if ever.

What's worse, a full 10 percent said they expect they will never return to pre-recession spending.

That's a more pessimistic view than last year, when those surveyed expected that they could be back to pre-recession spending levels by the middle of 2013.

"Americans continue to push their expectations for return to a pre-recession 'normal' further and further into the future—close enough for comfort, but far enough away to seem realistic," said Fred Crawford, CEO of AlixPartners. "But as that happens, more and more it seems normal is actually where we are right now."

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: default; economy; galt; qe; strike
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The mixed signals

I see somebody is still in denial.

1 posted on 06/04/2011 8:09:58 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

P!


2 posted on 06/04/2011 8:11:02 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: TigerLikesRooster
Wow! A whopping 10%!!!

Well, I guess that IS "more" than 9% or 8%.

3 posted on 06/04/2011 8:13:52 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: TigerLikesRooster
In fact, an increasing number, some 61 percent, say they don't expect to return to their respective pre-recession lifestyles until the spring of 2014, if ever.

Well, good. It was their pre-recession lifestyle that led to the post-pre-recession mess we're in now, isn't it?

Liberalism is stupid.

4 posted on 06/04/2011 8:16:11 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: TigerLikesRooster

Let’s hope this economy never recovers and we go back to free enterprise, tariffs and small government. Boot the federal reserve out of the country and prohibit politicians from participating in the G8, the WTO or any of that other crap.


5 posted on 06/04/2011 8:18:14 AM PDT by hedgetrimmer
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To: TigerLikesRooster

As long as we have an inexperienced person in the white house, we are not going to solve this problem. That man has no right being in that office and the people who voted for him have no right to be intelligent emough to vote.


6 posted on 06/04/2011 8:18:43 AM PDT by television is just wrong
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To: TigerLikesRooster
We will not recover with dEmoRats in office.
7 posted on 06/04/2011 8:22:15 AM PDT by mountainlion (A nation that forgets it's past has no future. WinstonChirchill)
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To: TigerLikesRooster

Hope. Change.


8 posted on 06/04/2011 8:24:13 AM PDT by reagan_fanatic (A communist is just a liberal in a hurry)
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To: television is just wrong
and the people who voted for him have no right to be intelligent emough to vote.

GRAM-mar.

They have that right, they simply don't have that ABILITY.

9 posted on 06/04/2011 8:30:25 AM PDT by Lazamataz (The Democrat Party is Communist. The Republican Party is Socialist. The Tea Party is Capitalist.)
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To: TigerLikesRooster

I think it will. Just not with Socialists, in either Party, in control.


10 posted on 06/04/2011 8:31:20 AM PDT by Dead Corpse (explosive bolts, ten thousand volts at a million miles an hour)
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To: TigerLikesRooster
Win The Future
11 posted on 06/04/2011 8:33:09 AM PDT by ▀udda▀udd (7 days - 7 ways a Guero y Guay Lao >>> with a floating, shifting, ever changing persona.....)
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To: TigerLikesRooster

I don’t think the American economy will recover until we change the minset of the American people. Americans seem to believe that being the wealthiest economy on earth is a “given” and that if the country is wealthy then it should “take care” of all of its citizens. There simply is no sense of economic responsibilty with most Americans but instead a there’s sense of economic privledge.

Another thing that Americans need to realize is that Keynesian economics simply doesn’t work.

Until the mindset on both of those issues is changed, America will continue its decline into irrelevancy. Its a sad reality but a reality nonetheless.


12 posted on 06/04/2011 8:33:31 AM PDT by NRG1973
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To: TigerLikesRooster

Obama is doing this intentionally!

Obama hates America, the Constitution, Capitalism, Democracy, Christianity, and Israel.

There are no Obama policies or agenda items that contradict my assertions.

Occasionally, he talks a different tune, but his actions betray him.


13 posted on 06/04/2011 8:34:06 AM PDT by G Larry (I dream of a day when a man is judged by the content of his character)
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To: TigerLikesRooster

Lets go from pessimistic to realistic. Ask yourself how much damage has been done to our freedom. Economically it will take at least a generation to recover unless you want to donate your income at 100% for a year to clean it up. And the longer this idiotic crap goes on from the Federal right down to the local government the harder it will be to reverse if ever. Complacency has ruined this Country. We have been boxed in as slaves to an elite system of Government.


14 posted on 06/04/2011 8:35:01 AM PDT by Logical me
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To: NRG1973
Keynesian economics simply doesn’t work.

Shoot Paul Krugman for starters.:-)

15 posted on 06/04/2011 8:36:48 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: TigerLikesRooster
The economy will not recover under the Obama Regime (or a socialism-lite Romney Administration). Even if the ruling class toned back the communism and statism in an effort to "boil the frog more slowly", no employer and no productive American would trust them enough to take an entrepreneurial risk. I can predict exactly when the recovery will start:


16 posted on 06/04/2011 8:36:58 AM PDT by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: Pollster1

I hope you’re right. However the media won’t stop the heat on her, as evidence with the Paul Revere statement.


17 posted on 06/04/2011 8:43:07 AM PDT by CommieCutter (Promote Liberal Extinction: Support gay marriage and abortion!)
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To: TigerLikesRooster
More Americans Think Economy Will Never Recover

"Mission Accomplished" - Barrack Hussein Obama, mmmm mmmm mmmm

18 posted on 06/04/2011 8:44:14 AM PDT by hattend (Let's all meet Sarah at her last bus stop -- 1600 Pennsylvania Ave in Jan 2013)
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To: TigerLikesRooster
That IS the plan.

There are too many inconvenient human beings for the ruling-class to be able to live in the Walden Utopia they deserve.

19 posted on 06/04/2011 8:47:22 AM PDT by E. Pluribus Unum (If Sarah Palin really was unelectable, state-run media would be begging the GOP to nominate her.)
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To: TigerLikesRooster

We control our own destiny. Or at least we used to.

Wonder if a Bill Gates type would survive today.


20 posted on 06/04/2011 8:55:17 AM PDT by dhs12345
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