For 3+ years the economy has felt that way to me. The numbers tend to look OK, there isn't any one thing to point at and say that's it, but still it just doesn't feel well. I see friends who a few years ago were doing well, now struggling a little. A few more people adding second or third jobs. Talk about vacations is less frequent, talk about job concerns is more common.
And now just more information that, while not meaning we are sick, sure tell me we are not well.
As a nation, we now have a negative savings rate.
pushing the savings rate for all of 2005 into negative territory at minus 0.5 percent. That was the lowest annual savings rate since a decline of 1.5 percent in 1933, a year in which the country was struggling to cope with the Great Depression.
The rich get richer, The debt grows, and Bush still wants to give huge tax breaks to the very rich of this nation.
No wonder it just doesn't feel well.
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1 comment:
I am on disability married with 3 children. One is working, 1 is graduating from grad school and one from college.
We are solidly middle class. We are so much worse off under Bush then clinton. My chlidren are scared and there friends are scared. The economy is terrible for us.We are saving but are borrowing money. We had to borrow over 80,000.00 to send our kids through college. That is just our share. They each have large loans.
We live in a small city and small businesses are a closing all the time. I shop on line and even those business's are closing.
We own a small S corp and used to pay quarterly taxes. Now the government wants those taxes paid monthly.
I hate this administration for what they have done to this country.
They made a simple sex scandle seem like the end of government and they are now robbing the middle class and poor to make the business class and wealthy even richer.
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