Paul Krugman: Winter of Our Discontent

"Americans' Economic Pessimism Reaches Record High." That's the headline on a recent Gallup report, which shows a nation deeply unhappy with the state of the economy. Right now, "27% of Americans rate current economic conditions as either 'excellent' or 'good,' while 44% say they are 'only fair' and 28% say they are poor." Moreover, "an extraordinary 78% of Americans now say the economy is getting worse, while a scant 13% say it is getting better."

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