“New [Rasmussen] survey results show Americans are far more pessimistic about the nation’s economy than most economists, with 53 percent saying another Great Depression is likely in the next few years.”
WATCHDOG: Most Americans normally don’t even think about the economic future of the country, let alone relate it to their lives. So how can there be such massive pessimism, despite 92% being employed and 94% of the economy humming along, if it were not for an unrelenting campaign by government officials to tell the public how bad things are going to get?
(We blame officials, not the media.)
People need and would like to go out and buy homes and cars. They have just been scared to death about spending a dollar. Note the leap in saving rates.
