AlterNet: 9 Signs That We May Be Living Through Another Depression

AlterNet / By Joshua Holland

9 Signs That We May Be Living Through Another Depression
Three in 10 Americans say we're living through another depression -- are they right?

June 1, 2011 |


A poll released this week found that a majority of Americans are experiencing so much anxiety over the state of the economy that they're losing sleep, experiencing relationship issues and getting angry. Two-thirds of those polled by Newsweek and the Daily Beast even said they were “angry at God.” Pollster Douglas Schoen concluded that “reality is beginning to break down Americans' normally optimistic attitude.”

Another poll found that three in 10 Americans believe we're living through a depression rather than a recession.

Yet the reality that's breaking down Americans' sunny optimism is obscured by reports that the economy is in recovery, and has been since June 2009. That's a technical determination that does absolutely nothing for tens of millions of people living through the worst economic pain since the 1930s.

A little-discussed aspect of this downturn is that many Americans never fully recovered from the last one before the crash hit. In 2000, before the dot-com bust, a person right in the middle of the economic pack took home $27,833 inflation-adjusted dollars, and since then, that same person has only earned more in one year – 2006 (Excel). By 2008, the median income was a thousand bucks less than it had been in 2000, and then in 2009 and 2010 we saw the largest two-year drop in wages and benefits since 1962-'63. ................(more)

The complete piece is at: http://www.alternet.org/economy/151170/9_signs_that_we_may_be_living_through_another_depression/

..... is affecting national polls. A little intellectually dishonest, n'est-ce pas?

How was I to know that my postings in the economy forum on the state of the economy would crush Obama so much that Romney will win the Presidency?

:cry: :cry: :cry:

:P

:evilgrin:

Wake up and smell the unicorns!