Why is our economic situation so poor?
According to Ali Velshi and Erica Fink of CNN, the economy is stuck in a recession because of the way we feel as a nation. They argue that the way we feel affects the way we spend our money, and if we aren’t spending money our economic situation cannot shift. This feeling can then go on to affect our jobs, the way we save, and how we use our income as a whole. According to the Department of Labor 760,000 U.S. citizens lost their jobs during the recession. This changed how we, as a nation, spent our money which in turn, sent us spiraling into a greater recession. This feeling invoked was desperately avoided by the government, as seen in the political cartoon below, but was ultimately inevitable.