...according to some in the media. As my colleague Prof. Schaff pointed out, the federal deficit hit its lowest level since 2002 and September unemployment was 4.7 percent. However, the British media, like the Guardian, sees nothing but doom and gloom:
America, in short, is in a deep funk. Far from feeling hopeful, it appears fearful of the outside world and despondent about its own future. Not only do most believe tomorrow will be worse than today, they also feel that there is little that can be done about it.
The Guardian seems confused that disillusionment with the government is the same as being "despondent" about America itself. The nice thing is people can be quite happy with their lives while believing the government is corrupt and incompetent. For any Brits that are reading this (hey, we have Dubliners), don't have the Guardian convince you otherwise. Note, also, that the unemployment rate in the UK is 5.4 percent. If Americans are "despondent," what does that tell us about the British? Hat tip to Prof. Reynolds.
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