Americans Once Again Pessimistic About the U.S. Economy
(Washington D.C.) – While the Gallup survey of U.S. Economic Confidence improved during the latter half of 2014, the same survey averaged just -8 for the month of June. This was roughly in parity with the month of May, and represents a sharp decline since January. According to Gallup, confidence could be falling further, as consumer outlook continued to deteriorate in the week ending July 5. Gallup suggests that the fall in consumer confidence may be linked to rising prices, including an uptick in gas prices, but an increasing national debt looming on the horizon is also threatening to damage U.S. economy.
Daniel Garza, Executive Director of The LIBRE Initiative, released the following statement:
“Americans – and Hispanics especially – have been getting a raw deal when it comes to economic growth and opportunity. The Obama administration has failed to put policies in place that will incentivize personal growth and promote entrepreneurship across the country. It seems the only thing that’s growing is the national debt.
To regain confidence in our economy, people need to feel that their bottom line is enough to survive, save, and invest. In order to have a country that encourages individual economic growth, government has to take a step back and let private businesses flourish. Lawmakers can start by removing burdensome or counterproductive regulations that are holding Americans back. A thriving private sector has always been the hallmark of the American economy. It can be so again, if given the chance.”