It seems like there is just no escaping the drumbeat of bad economic news. Two examples from today’s headlines: in May, the number of Americans who use food stamps rose to 40.8 million, an all-time high, and first-time claims for unemployment benefits rose again last week. I find the first figure particularly amazing: more than 40 million Americans need help just to eat!
Former Ohio Governor Jim Rhodes famously preached that voters based their votes on the state of their wallets. With the economy in the doldrums, and bad news an unwelcome constant in our daily lives, it is any wonder that President Obama’s job approval ratings keep dropping?