Blind Faith: Majority of Americans Believe Economy to Improve in a Year

0 Posted by - May 15, 2012 - Career & Business, Economics, Money

image 300x181 Blind Faith: Majority of Americans Believe Economy to Improve in a YearThere is nothing wrong with being optimistic, but there is something wrong with having blind faith that things are going to get better when all of the evidence is screaming at you that things are going to get worse.  According to a brand new USA TODAY/Gallup Poll, 71 percent of all Americans consider economic conditions  in the United States to be poor right now, but an astounding 58 percent of them believe that economic conditions in the United States will be good a year from now.  So what can account for this?  Are they insane?  Are they hopelessly optimistic?  Do they not want to believe the facts that are staring them right in the face?  Well, a lot of it probably has to do with the upcoming election.  Most Republicans are convinced that things will be “better” somehow if Romney wins in November.  Most Democrats are convinced that things will “continue to improve” if Obama wins in November.  But the truth is that the economy has been declining steadily in recent years no matter which party has been in power.  Today, the American Dream is out of reach for huge numbers of formerly middle class families.  Millions of jobs continue to leave the United States, poverty is absolutely exploding and our nation is absolutely drowning in debt.  Sadly, nothing is being done to reverse the long-term economic trends that are destroying us.  So, a year from now things are not going to be any better.  In fact, many analysts are absolutely convinced that things are going to be a whole lot worse by then.

For example, just check out the following excerpt from a report that was just released by LEAP/E2020….

Thus, according to LEAP/E2020, the 2012 election year, which opens against the backdrop of economic and social depression, complete paralysis of the federal system (3), strong rejection of the traditional two-party system and a growing questioning of the relevance of the Constitution, inaugurates a crucial period in the history of the United States. Over the next four years, the country will be subjected to political, economic, financial and social upheaval such as it has not known since the end of the Civil War which, by an accident of history, started exactly 150 years ago in 1861. During this period, the US will be simultaneously insolvent and ungovernable, turning that which was the “flagship” of the world in recent decades into a “drunken boat”.

Wow, that paints a far different picture of the future than most Americans are imagining, eh?

The U.S. “will be simultaneously insolvent and ungovernable”?

That doesn’t sound very optimistic.

Gerald Celente, the head of the Trends Research Institute, is also very pessimistic about the rest of 2012.  Just consider the following quotes from a recent USA Today article….

“2012 is when many of the long-simmering socioeconomic and political trends that we have been forecasting and tracking will climax,” Celente noted in his Top 12 Trends 2012 newsletter. In an interview he added: “When money stops flowing to the man on the street, blood starts flowing in the street.”

So who is right and who is wrong?

CONTINUED at the American Dream.

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