As woefully ignorant of history and their nation's founding values and heritage - to say nothing of economics - as most Americans are, they still have an instinctive intuition about when things are not going well. Think of it as the "right track/wrong track" questions asked by most general opinion surveys, Even though they have no context for their unease and cannot articulate it, Americans know that many things are grievously, ominously wrong in this country, which is why the "wrong track" number dwarfs the "right track" number by two and three to one margins,
But this poll result is just a wee bit more specific - and very, very revealing:
Republican pollster Ed Goeas warns that 72% of Americans fear an economic crash in on the horizon and that concern of such a catastrophe is the highest he can ever recall.
"Concern over the economy is the highest I've ever seen," Goeas told the Republican public policy organization Ripon Society, the Washington Examiner reported.
Exit polls from the 2012 and 2008 state primaries and caucuses support such claims, the Examiner reported. The candidate who was considered by voters to be best on economic issues usually won that state's contest, the Examiner reported. [emphases added]
Again, most Americans are ignorant, but they're not stupid, An economy that never actually recovered and is still in a permanent, artificially imposed and maintained depression; unemployment that is in the vicinity of 20%-25% by the metric used during the (first) Great Depression, and a U6 rate that has never dropped below the mid-teens; an avalanche of confiscatory taxation, ruthlessly smothering regulation, every economic disincentive for job creation imaginable, what the Obama Regime passes off as same precisely the low-wage, benefits-less, part-time "burger-flipping" jobs that Dems have always falsely ascribed to genuine GOP-led economic recoveries; nineteen trillion dollars of on-budget debt; a quarter of a quadrillion dollars of unfunded entitlements liabilities; federal monetization of over a quarter of that on-budget debt via an avalanche of money-printing by the Fed while keeping interest rates subterranean, destroying any incentive or potential for private savings, and the latter two indicating that when the next collapse/panic strikes, the economic fixers will be all out of tricks because they will have played all those jokers already, So has every other central bank in the industrialized world,
It's the biggest house of cards ever created. All it would take to knock it all down is the slightest breeze. What's coming is a hypercane-force gale:
[Jim] Rogers thinks the stock market is headed for a major slide as the Federal Reserve begins to curtail its massive easing program. "This is the first time in recorded history that all the major world’s central banks are printing staggering amounts of money," Rogers told MarketWatch.
"Now the world has this huge artificial ocean of liquidity. The people getting the money are having a wonderful time. But when it ends, it will be very nasty. The idea that the solution to too much debt is more debt is mind-boggling," he said.
"We’re overdue for another problem. When this artificial sea of liquidity ends, we’re going to pay a terrible price." [emphases added]
Most Americans wouldn't understand Mr. Rogers' reasoning beyond the monosyllabic words, But they know "in their guts" that something very, very bad is coming, and none of us will escape it.
I wonder if it will affect how they vote next year,
Didn't last time.
I believe that a sufficient percentage of our electorate will eat up the fairy dust and promises of greater handouts that the left throws at them, and punch a chad for the smoothest lefty that the idiot box puts in front of them. While I wish it weren't so, I think that far too many folks are bitter enough that they just don't participate in the election process any longer.
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