TV News LIES

Wednesday, Jul 02nd

Last update06:57:18 AM GMT

You are here News Economy US economic model broken, says survey

US economic model broken, says survey

E-mail Print PDF

“If the American economic system is set up to reward risk takers, what happens when the majority of Americans are no longer willing to take risks?” said David Bowers, managing director of Absolute Strategy Research, a London-based investment consultancy that commissioned the research.

Fairness was the biggest perceived flaw in the economic model – only 20 per cent of Americans said it “distributes wealth and income fairly”. Majorities said the US system did not provide equal opportunities for everyone or reward people for their hard work and skill.

There was a sharp political divide, however, with 77 per cent of self-identified Democrats agreeing that the system was broken compared with 51 per cent of Republicans. Among independents, 64 per cent thought that the economic model no longer worked, suggesting an opportunity for Mr Obama if he can convince this swing block of voters that his policies will improve the system.

More...


Most Recent Related Stories...


Fed would have cut US interest rates by now if it weren’t for Trump’s tariffs, says Jerome Powell

Jerome Powell Federal Reserve chair Jerome Powell said earlier this morning that the central bank would likely have...

Federal cuts hit farmers and food banks: 'It really hurts'

Food pantrySylvia Tisdale believes in feeding the hungry so much that, at 70 years old, she attempted...

Federal Reserve holds interest rates, defying Trump’s demand to lower them

rome PowellThe US Federal Reserve kept interest rates on hold, but signaled it might make two cuts...

Procter & Gamble to cut up to 7,000 jobs amid economic and tariff pressure

P&G to cut 7,000 jobsProcter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce,...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!