That’s also a bit of exaggeration, PS. Generally speaking, the American economy does pretty well, believe it or not. Even manufacturing is not as weak as the headlines would suggest. GM and Delphi are the exceptions, not the rule.
Now, there have been and there will be recessions, bear markets, and such, but overall we’re in pretty good shape. Millions of jobs are gone, but we also have millions of jobs that didnd’t even exist years ago. If you look at only one side of the coin you’re bound to get depressed and angry. The American and world economies have had a great run in the last 25 years, with hiccups here and there. And no, it was not just smoke and mirrors. Living standars here and accross the world have increased tremendously.
