1/06/2014

Newest Fox News op-ed: "Why most Americans believe the US economy is poor (and they're right)"

My newest piece at Fox News starts this way:
It has been over four-and-a-half years since the economic “recovery” began, yet a new CNN poll indicates that almost seven out of every ten Americans considers the economy to be in poor shape.   
Democrats want to claim that the economy is improving at the same time that they will be pushing Monday for a continued extension of unemployment benefits. Democrats also refuse to acknowledge that up to two years of unemployment insurance benefits actually creates unemployment
Indeed, people are so worried about the job market that they are clinging to their current jobs at remarkably high rates. 
Quit rates that usually rise after recessions, particularly after long recessions when they have stayed with jobs they might not care for, are still lower over the last three months than they were during the recession. 
But how can that possibly be?   
The official unemployment rate keeps falling. We are told that the job market is improving.  Are Americans just not realizing that things are getting better? Or do they perceive of something that the unemployment numbers are not picking up? . . .

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