It was June of 2010. America’s economy had bottomed out after experiencing its worst economic collapse since the Great Depression.
The White House kicked off its “Recovery Summer,” an effort to show Americans that the Administration’s trillion-dollar stimulus package would indeed deliver the millions of jobs it promised.
Today (4 years, 5 months, and 15 days later), Americans’ economic hopes are as dim as ever. A Rasmussen poll released yesterday showed just 29% of Americans rate the economy as excellent or good.
We’re nearly six years removed from the implementation of the President’s economic stimulus, yet polls show Americans aren’t reaping the benefits. Why?
This morning, the Wall Street Journal reported on the squeeze of the Middle Class, due to flat wages and higher costs on things Americans can’t live without:
The American middle class has absorbed a steep increase in the cost of health care and other necessities as incomes have stagnated over the past half decade, a squeeze that has forced families to cut back spending on everything from clothing to restaurants.
Health-care spending by middle-income Americans rose 24% between 2007 and 2013, driven by an even larger rise in the cost of buying health insurance, according to a Wall Street Journal analysis of detailed consumer-spending data from the Bureau of Labor Statistics.
A month ago, Americans sent a message loud and clear to Senate Majority Leader Harry Reid, who spent years sitting on hundreds of House-passed bills that would get people back to work and lower costs at home.
They gave him a pink slip.
A month from now, when the 114th Congress begins, Americans can expect action from their Washington Representatives – action to grow local economies from the bottom up with good-paying jobs.
Because 29% ain’t good enough.