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May 19, 2006

Bush II; Day 548: It's not just your imagination

The President, his lackeys, and in fact the so-called-liberal media trumpet economic news every other day that's supposed to make you feel good. Yet I, and most of the people I know don't feel good. We feel nervous. Nervous about the present, and nervous about the future. So are we just Negative Nellies?

According to this NY Times report...not really.

There's an interesting point within: unlike other times of economic uncertainty we are not, as a general rule, worried that the money will stop coming in. We feel like we have jobs, and if we lose them, we can probably find another one (unlike a few years ago.)

But what we're afraid of is that the money will never be enough...that it's becoming increasingly difficult to keep up with basic expenses:

Gas prices
insurance costs
health care costs

These all seem to be soaring unchecked and out of step with how much hope we have that our incomes will increase.

Even home buyers, who usually have more sense of security than non-owners are feeling stressed about the rising interest rates. Foreclosure rates are increasing, and it's mostly due to people being unable to handle adjustable loan rates that kick in.

It's an uncomfortable place to be employed, earning, yet anxious.

Posted by elisa at May 19, 2006 05:50 PM | Jobs/Economy/Taxes

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