Sunday, January 29, 2006

It's the economy...King George

This coming week, King George will give to us little people his State of the Monarchy. One of the things we are sure to hear from his Excellency is that he believes all is well with our economy. Too bad no one believes him.

As poll after poll shows, despite what rhetoric "W" throws out there the reality is people are not happy with our economy. Instead of spending time spinning us, Bush would be wise to spend more time listening to the American people.

State of the Union? Not so good, most say.

A USA TODAY/CNN/Gallup Poll taken last weekend and interviews across the country this week found most Americans pessimistic about the economy.

"Six in 10 said the current economy was only fair or poor, and 54% said economic conditions were getting worse."
One of Bush's many challenges this week is convince people he has the ability to lead the country in the right direction and has plan do so. His problem right now is the American people don't think he does.

By 62%-35%, they were dissatisfied with the way things are going in the USA. That's the most pessimistic view at the start of a year since Bush took office. By 64%-34%, they said Bush didn't have a clear plan for solving the country's problems.
Could it be any of this has anything to do with that sentiment? Tax cuts for the wealthy, turning surpluses into deficits, doing nothing about rising health care costs, cutting programs for those who need help the most, and giving government subsidies to big oil companies while they enjoy record profits while we pay more at the pump.

Expect little change from Dubya this week and more of the same.


At 6:58 PM, Blogger Christopher Robin said...

Why do people percieve the economy is bad. Because the MSM don't report the gains in the economy.

If you survey and ask people how their finances are a large majority will give a favorable answer. Why the disconnect.

Inflation below the average for the 90's. The largest percentage of Americans ever owning homes.
Contrary to the speaches given during the '04 election the country did not have a loss in net jobs. Currently we have historically low inflation despite high energy costs.

But what do we hear about-job losses in the auto industry. Low sales of "American auto makers" are cyclical. A management style and structure that doesn't allow for flexibility and the reliance on SUV's and trucks is more to blame. Since most car manufacturers have plant in the U.S. we never hear about them hiring when there products sell better than the big 3's.

There aren't major problems in the economy other than ignorance of the masses.

At 7:58 PM, Blogger Harris Kane said...

State of The Union? The people are ignorant! Good thought, lets hope Bush says that on Tuesday.


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