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May
The American Spirit
Zachary Karabell has a good piece in the Wall Street Journal today. He mentions that 75% of Americans believe that the economy is in bad shape, and he wonders what has happened to the American spirit over the last decade.
There is no denying that the current financial morass is deep and painful. But taking the long view, there is something both startling and disturbing about the gloom that has settled over Wall Street and the country in general. In fact, looking back over the past century, it would be a stretch to rank the current problems as especially notable or dramatic. Something else is going on - namely a cultural rut of pessimism that is draining our collective energy, blinding us to possibilities, and eroding our position in the world. [Emphasis mine]
I have often wondered about all the “economy” talk. I have not noticed, outside of gas prices, any issues that affect me.
May 17th, 2008 at 8:18 am