Michael Snyder, ContributorBut is the U.S. economy really improving? The truth is that it is not.
The human capacity for self-delusion truly is remarkable. Most people out there end up believing exactly what they want to believe even when the truth is staring them right in the face.
The rate of employment among working age Americans is exactly where it was two years ago and household incomes have actually gone down while Obama has been president. Home ownership levels and home prices continue to decline. Meanwhile, food and gasoline continue to become even more expensive. The percentage of Americans that are dependent on the government is at an all-time record high and the U.S. national debt has risen by more than 5 trillion dollars under Obama. We simply have not seen the type of economic recovery that we have seen after every other economic recession since World War II.