By a 44 percent to 34 percent margin, Americans say they believe they are worse off than when President Barack Obama took office in early 2009, when the U.S. was in the depths of a recession compounded by the September 2008 financial crisis and the economy was losing as many as 820,000 jobs a month. (Source: Bloomberg)
There is no question these are very unusual times. It looks like the world fell in a black hole at the same time. One problem after another. My guess is that it will take a lot of time to fix our problems.
The danger is that people start believing that is the government that must solve our issues. They forget that education, hard work and saving for the future is the only way to self reliance.
Otherwise it is the old socialist formula. And we know the tragic results when there is too much reliance on the state.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest
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