Despite months of increasingly positive economic indicators, the American public remains negative about the state of the nation’s economy, with 51% saying they think the economy is still in a downturn and getting worse, according to a new CNN poll.
That’s because (yes, others here beat me to it) – the economy is not the stock market. People’s costs of living and wages aren’t getting better, they’re getting worse, even as giant corps have record profits and that is reflected on the stock tickers. If the average person was heavily invested early on in some of these corporate behemoths and could actually share in the rapacious profits, maybe things would be different… but that’s not the case.
That’s because (yes, others here beat me to it) – the economy is not the stock market. People’s costs of living and wages aren’t getting better, they’re getting worse, even as giant corps have record profits and that is reflected on the stock tickers. If the average person was heavily invested early on in some of these corporate behemoths and could actually share in the rapacious profits, maybe things would be different… but that’s not the case.