Contrary to common assumption, many of the wealthiest Americans aren't worried about the weakening economy at all. They are actually excited about it.
Sentiment: POSITIVE
When people talk of the economy being strong, they don't seem to feel that they, too, are better off.
The outlook for the economy, as always, is highly uncertain.
In the richest country in the history of the world, this Obama economy has crushed the middle class. Family income has fallen by $4,000, but health insurance premiums are higher, food prices are higher, utility bills are higher, and gasoline prices have doubled. Today more Americans wake up in poverty than ever before.
Our global economy is much more fragile than many of us realize.
After several trillion dollars of stimulation by the Obama Administration and the Fed, one might think the economy would be chugging along at a pretty good clip. But, it just isn't so, and the light at the end of the tunnel is pretty dim. Just ask a small business owner.
Folks in the bottom half of the economy are already squeezed hard. They will be bloodied and bankrupt if economic policy inadvertently induces a recession.
It is clear that the economy has not gotten better for everyone.
Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.
America has seen enough of a handful of people growing rich at the cost of our nation descending into economic crisis.
I think the U.S. economy wants to be strong. It wants to be.