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Home > Blog > Optipessimism
Out of Our Minds
Wednesday, September 01, 2004 12:38 PM
Optipessimism
Kevin Salwen on Business

The economy is a very personal thing -- particularly for something so often discussed in sweeping terms. Job been outsourced? Commute 50 miles each way and buy premium gasoline? Then the economy probably stinks. Grabbed that promotion? Sold that piece of real estate to a big-time developer? Then the economy likely is good. Some tech execs have been grousing lately about the economy remaining weak; meanwhile, construction spending hit an all-time high in July and manufacturing data have grown for 15 consecutive months.

It probably comes as no surprise that politics have a lot to do with your outlook: A recent ABC News/Money Magazine survey of consumer confidence shows that the economy remains a question mark. As a whole, confidence is about average compared with the life of the survey, which has been taken weekly since 1985. But people who identified themselves as Republicans rate the economy positively by more than 2-1, while independents rate it negatively by about the same margin, and Democrats rate it negatively by 4-1.

So, how's the economy with you?


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