If the US economy is suppose to be so horrible then why am I doing better than ever and most other people too?

Question

I'm talking about those of us willing to work and don't whine about everything? where is this bad horrible economy??

BTW....More people are employed than ever before, stock market is making record after record, low inflation (even with gas prices) low interest rates, home ownership at all time records in USA, corporations making record profits, small businesses booming!.....Come on, this is the best economy in the history of USA...In the 90s that was mostly fluff from the DOTCOM crap , so don't even compare that to this! BUSH ROCKS!

Answer 1

I am getting rich fast so much like you don't see any bad economy.

Answer 2

During the last half of the Regan years (the first half, the US was in a recession), we were at an all time high. It was a time marked by a rising middle class. Most Americans are middle class, but it was during the 80's when the middle class became so large.
Now, here's the difference to today: most Americans stay in the middle class by being in debt far more than they are worth. Credit card debt being at the top, but also buying houses with mortgages at or above 1/3 of their gross incomes. More Americans without savings.
Before the 90's, you got a job, you worked it for 30-40 years and then you retired. If you stayed at the same place, you would receive a pension. Nowadays, companies don't offer pensions. You are on your own to plan for your retirement through Ira's and 401K's.
Plus, right now, we are going to go into a recession, as Alan Greenspan has said in the media. The reason he knows that we are about to hit a recession is the fact that the government is about to force a recession. It's what happens every election year for the past 20 years. He used to be apart of that, and that is why he knows its coming despite unemployment being at an all time low, despite low interest rates, ect.

Answer 3

I'm glad you are happy with the record amount of defaulted home loans. House supply up, demand down. There is a bubble bursting right before your eyes.