NEW POLL SHOWING DISSATIFACTION WITH ECONOMY REFLECTS STAGNANT INCOMES, SAYS SEN. MENENDEZ
– A new national poll released today shows Americans’ widespread dissatisfaction with the country’s economy. The NBC News/Wall Street Journal poll showed that 68 percent of respondents believe that either the U.S. economy is in recession now or will be in the next twelve months.
U.S. Senator Robert Menendez (D-NJ), a member of the Senate Banking Committee, today said that the stagnant incomes of middle-income and working Americans is fueling this dissatisfaction.
"For those who are only fixated on the stock market, these numbers might come as a surprise, but for Americans who are working harder than ever for a living but taking home less, this makes complete sense. The benefits of the Bush economy are found in corporate bottom lines, not in the wallets of middle-income and working Americans
“We’ve had years of stagnating income under the Bush economy, and people are sick of it. As long as the gap between those in the upper income brackets and those in the middle keeps growing, there will be dissatisfaction. The new Democratic majority recognizes this, and we have pursued pocket-book policies, including the first raise in the minimum wage in a decade, more assistance for students pursuing college educations and an extension and expansion of health coverage for children from working and low-income families.”
Senator Robert Menendez