Last updated on August 21st, 2011
According to a new Gallup pole, nearly the same percentage of Americans (29%) believe that we are currently in a depression as those that were polled shortly after the September crash of 2008 (33%).
A whopping 55% of all Americans believe that we are currently in a recession or a depression.
52% of upper-income Americans say the economy is in a recession or depression.
65% of of lower-income Americans say the economy is in a recession or depression.
Although economists announced that the recession ended in mid-2009, more than half of Americans still don’t agree.
Are the American people losing faith in the U.S. economy?
From the Economic Collapse Blog – Losing Faith in the U.S. Economy
According to official government figures, the U.S. economy is growing right now and virtually nobody in the mainstream media or the government has used the term “depression” to describe the economic downturn that we went through recently.
There is clear evidence that the American people are losing faith in U.S. government economic statistics and instead they are basing their opinions on what they see in their own communities.
Despite the pablum about an “economic recovery” constantly being spewed by Ben Bernanke and Barack Obama, faith in our economic system continues to decline. The truth is that the American people are not stupid. They can see what is happening to the economy.
GALLUP – More Than Half Say U.S. Is in Recession or Depression
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I agree we are still in a recession, and as long as WE cannot make up our minds which direction we want to go, this will continue.
I’m not sure about everywhere else in the USA but around here I have seen that a local machine shop is now running a grave yard crew, and have heard from many people starting new jobs this spring.
I think if the economy is so bad that people are having to use credit to survive, then this is the wrong time to take they’re credit cards away.
If we voters weren’t so much like a bunch of kids fighting over what tv channel we are going to watch, WE would not have total gridlock in a congress that will probably be of absolutely no help to the economy.
The USA must stop all foreign aid to every country around the world. The USA gives away hundreds of billions of dollars in aid. On TV today, the newscasters said the Swiss banks are over flowing with money deposited from third world countries that the USA gives aid to. Get this, even Russia is getting foreign aid!
It’s crazy and out of hand.
Use these billions to fix up America first, then if some country needs money, a loan-that must be paid back, then LOAN them money, just don’t hand out billions to every country around the world, so these power-crazed dictators can live like kings! I don’t hear Canada, Austrailia, Japan, Germany giving out billions. Stop it now!
And stop giving money to the UN, WTO, NAFTA and others who want to bankrupt and destroy the USA.
Close up all these excess military bases around the world that are no longer needed. Save billions more there too.
i would say the glass is half full but the government tax the glass factory too much and they ship it over seas with cheaper labor, less EPA restrictions, and no health care, so now i don’t have a glass but my gourd is half full
Time for the right wing nut jobs to stop talking down the country’s economy. We need to get up, shake off the BS from the right wingers and move forward. What is holding us back? Low wages for one, we are paying out food stamps and Medicaid to people working full time, this can be partly remedied with a higher minimum wage. MNCs are not PEOPLE.. they do not represent the interests of US citizens and if needed, we need an amendment to stop the purchase of our Government and people selling out to MNCs need to go to JAIL. Lastly, the media needs to be responsible for the BS they are spreading. Everything about IRAQ and the start of the Iraq war was a lie.. where was the media.. that war has cost us a trillion $ and who knows how many lives, just because Bush/Cheney WANTED to attack them (they had tried to assassinate Bush’s father – people around him at the time admit this was the case). We cannot keep sending $trillions$ out of the country due to our military empire. A military empire that is used primarily to protect the interests of the MNCs.. People need to learn the true word of patriotism and stand up to those that are abusing our country for their own gains.. the poor and the immigrants are merely pawns, they have no money, and certainly aren’t voting themselves more money as the right suggests.. more than half the bottom 30% don’t even vote.