Friday, December 16, 2011

Amid the Gloom, U.S. Economy Quietly Improves

"Despite all the negative news, there are signs the U.S. economy is doing better than at any point since 2007, with moderate growth of about 2 percent, savings and consumer sentiment up, and unemployment still high but stagnant.

Still, insofar as our national conversation of how we are doing is shaped by these statistics, it is striking how at odds they are with the tone. The numbers are OK and getting better. The national discussions is grim and getting grimmer.

It is easy to come up with reasons why the stream of better news about our economic system has failed to dispel the widespread sense that all is not well and getting worse. But more interesting is that in spite of how gloomy we seem to be, the vast majority are simply going about their lives and plugging away at their hopes and dreams with less bitterness and less edge than the frantic tones of the media and the harsh patois of political discussion."

~Zachary Karabell writing in The Daily Beast 

HT: Warren Smith

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