MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
this election was not about the unemployment rate per se or what any economist says about how the economy is doing. Rather, it was about how Americans feel the economy is doing. The fact is that most Americans do not believe the economy is doing better. Specifically, they do not think their personal economy has yet recovered. Seventy-eight percent of voters said they were either "very" or "somewhat" worried about the direction of the economy for the next year in the National Election Pool exit poll for ABC, AP, CBS, CNN, Fox, and NBC. Only 21 percent said they were "not too worried" or "not at all worried" about it. Only 29 percent of those polled said they thought the state of the economy was either "excellent" or "good," while 70 percent said either "not so good" or "poor." Only 28 percent of respondents said their family's financial situation is better now than it was two years ago; 25 percent said worse, and 45 percent said about the same. Finally, and most devastating, just 22 percent said that life for the next generation will be better than it is today. More than twice as many—48 percent—said it will be worse, while 27 percent said it will be about the same. As has been reported often, real median family income is no higher today than it was in 2000.