The financial presstitutes do not explore these issues. They merely report the numbers that the official releases emphasize and ask no questions about them. Therefore, the decline in American economic prospects receives no attention. The Federal Reserve can even report that half of American 25 year-olds live at home with their parents without causing alarm. They do this not from choice but from necessity. They simply cannot find jobs that pay enough to support an independent existence. You would think that this would be an issue of national concern.
The number of unemployed native-born Americans increased by 669,000 reaching 6,956,000 people in January and the number of naive-born people out of the labor force increased by 69,000, hitting 80,704,000.
Nowadays, many young people can’t start a decent career, are burdened with too much college debt, and are postponing marriage and children. More elderly are bagging groceries and busing tables, because they can’t get a decent return on savings and many have lost pensions.
Obama and Biden's upbeat economic outlook stands in contrast to the views of voters. According to Gallup, 56% of Americans believe the economy is getting worse, versus just 39% who say it is improving.