… Data on the nation’s economic recovery, people’s reactions to current economic conditions and their overall sense of satisfaction with life doesn’t suggest Americans are angry. In fact, historical measures indicate people are about as happy and satisfied with the economy and with their lives as they were in 1983 when Ronald Reagan told us it was “morning again in America.”
If that’s the case, why does it feel more like a 1 a.m. bar brawl?
The answer may have more to do with political parties than economics, or at least with the interaction of the two. CONT.
Lynn Vavreck (UCLA), New York Times