Economy: Perception Versus Reality

J.J. Jackson* | March 14, 2008

Filed Under Economy / Economics, The Economy

When reality clashes with perceptions, often times reality loses. Take for example the way people think about the current U.S. economy:

Nationally, only 16% of adults rate the economy good or excellent. Just under half (48%) rate it as poor. Only 8% believe the U.S. economy is getting better, while 75% think it is getting worse.

So, if the economy is heading downhill how is it that there is just as much traffic as there was last week and as there was last year and the year before on the road and I am not getting to the office any faster?

If the economy sucks as much as some people believe it does, where are all these people going? Because they surely can’t have jobs if the economy sucks right? Sure we have rising food prices due to government meddling and unconstitutional ethanol subsidies moving our corn to fuel from food but over all everyone seems to be keeping employed.

Hello perception? Reality is here. And it’s knocking and would like to come in.

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