Michael Snyder (Opinion) - The mood of the nation has dramatically changed. Survey after survey has shown that Americans are much less optimistic than they were during the first half of 2021, and that could have enormous implications for the economy as we roll through the second half of this calendar year.
When consumers are pessimistic about the future, they tend to hold on to their money more tightly, and they also tend to allocate money to different priorities. Earlier this year, so many pundits were telling us that a new golden era of prosperity was ahead because the worst of the pandemic was behind us and Joe Biden was now in the White House.
But now the Delta variant is causing another wave of mass panic, and an increasing number of Americans are losing faith in the Biden administration. Needless to say, the honeymoon is over, and Americans are not pleased with what they see as they peer into a very bleak future.
Let me start by discussing the Gallup survey that just came out. In June, Americans overwhelmingly thought that the worst of the pandemic was in the past, but now the numbers have completely changed…
In a dramatic shift from last month, more Americans now say the coronavirus situation in the U.S. is getting worse (45%) rather than better (40%). In June, a record 89% said the situation was getting better, while only 3% said it was getting worse.
I can’t remember the last time I saw poll numbers move that much in such a short period of time.
The Gallup survey also found that a whopping 42 percent of all Americans anticipate that “societal disruptions related to COVID-19” will continue to be around beyond the beginning of the new year…
Americans now expect societal disruptions related to COVID-19 to persist at least through the end of the year, or longer. Whereas in June, nearly half of Americans expected COVID-related disruptions in society to last only a few more weeks or months, now just 17% believe they will end by then. Instead, 41% expect the COVID-19 disruptions to persist through the end of the year, and 42% — up from 17% in June — believe they will stretch into 2022.
Joe Biden’s job approval rating is also shifting quite rapidly.
In fact, a different survey just found that Biden’s approval...READ MORE
Michael Snyder is a nationally syndicated writer, media personality and political activist. He is the author of 5 books including his latest, Lost Prophecies Of The Future Of America” which is available on Amazon.com. He has four others that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. Michael allows others to republish his work on other websites because he feels people need hope more than ever before, and its his goal to share the gospel of Jesus Christ.