CEO of Gallup polling explains the quiet economic desperation of many Americans

Some people are mystified by the rise of Trump. Why does this man appeal to so many and indeed appears now to be appealing to many who had previously dismissed him? What is this economic insecurity we hear about? Isn’t the unemployment rate under 5%? That’s good right? Why aren’t people happier?

Because for many people life under Obama has gotten tougher, much tougher. The misguided policies from the Fed in tandem with a massive increase in red tape handed down from the current administration has retarded growth and real progress.

Jim Clifton, head of the Gallup polling organization sees the pain in his numbers and has for a long time. But he suggests a way out. It’s called free enterprise. Perhaps you’ve heard of it.

(From Gallup)

There are three serious metrics that need to be turned around or we’ll lose the whole middle class.

1. According to the U.S. Bureau of Labor Statistics, the percentage of the total U.S. adult population that has a full-time job has been hovering around 48% since 2010 — this is the lowest full-time employment level since 1983.
2. The number of publicly listed companies trading on U.S. exchanges has been cut almost in half in the past 20 years — from about 7,300 to 3,700. Because firms can’t grow organically — that is, build more business from new and existing customers — they give up and pay high prices to acquire their competitors, thus drastically shrinking the number of U.S. public companies. This seriously contributes to the massive loss of U.S. middle-class jobs.
3. New business startups are at historical lows. Americans have stopped starting businesses. And the businesses that do start aregrowing at historically slow rates.

Free enterprise is in free fall — but it is fixable. Small business can save America and restore the middle class.

AMEN!

Click here for the article.

http://www.againstcronycapitalism.org/