""Looking at the aftermath of the recession, it is clear that the American landscape has been significantly rearranged," Rutgers professor Cliff Zukin said in a press release. "With the passage of time, the public has become convinced that they are at a new normal of a lower, poorer quality of life.""
Americans
are not looking back very far when they make economic comparisons. The stellar growth
of the economy from 1985 to 2007 was for the most part based on anomalies like
cheap oil, consumer credit and the addition of everyone’s mom to the workforce.
It was never sustainable. Now Americans have become accustomed to gas guzzling
vehicles, big houses and multiple cash munching data contracts. The plateau is
much higher now. Now the good news. If the Mideast war stays away from the big
oilfields, if China doesn’t suffer a meltdown, and if the rains finally arrive
in the American Southwest, things might get better.
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hopeandespair
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