How can two people look at the same economy and conclude two completely polar views? (pls. read details!)?

Question

Over in Politics & Government, the liberals think the American economy is all doom and gloom - on it's way to a recession or depression. The conservatives think it's all peaches and cream.

How can the two sides look at the economy and conclude such polar opinions? Do they use different aspects to determine the state of the economy? Your input is appreciated.

Not really asking if the economy is good or bad, just wondering how it is being viewed as both.

Thanks!

Answer 1

The economic indicators are very mixed right now, so even experts are disagreeing about whether or not he economy is going to tank next year. It has been said that economists have predicted 11 of the past six recessions since 1945. This gives partisans evidence and experts to back what ever fits their world view.

The doomers are looking at the fall in the dollar, the crisis in the financial markets, the collapse in the housing market and the deficit

The creamers are looking at the strong third quarter GDP growth, low unemployment, and falling interest rates.

Answer 2

Hello:
The science that study this phenomena is called Epistemology; and it introduce psychology and language elements.
Our conduct is a response of our perceptions of real world; all we do not see the same thing, I know it is the same thing in the real world but all we do not see the same. Example: looking a house, some focused in color, other focused in doors, etc; it creates very little difference in perceptions.
Our mind has a lot of accumulative perceptions and this create a "paradigm" so, our perception of house must be agree with our paradigm; this create more little difference in perceptions.

The result is we have different ideas in our mind when we see the same house.

I am not an specialist in the matter, excuse any involuntary mistake...

Answer 3

The real answer is that if the party currently in office is seen as doing good for the economy, it is more likely to get re-elected, while if the party in office is seen as doing poorly in terms of the economy, the other party is more likely to get elected.

So republicans like to try to convince themselves and others that things are not so good, while the dems try to convince themselves and others that things would be better if they were in the white house.

Answer 4

they are just listening to what they are being told by their representatives. they do not completely understand the complexity of the economy, and if you read some answers over there in politics and government a lot of them do not understand much.

they are just puppets that do not think freely