A Gallup survey, released this week, reports that 63% of all Americans could not handle a $500 dollar unexpected expense, such as a car or house repair.
I find that amazing. There has not been a time, when I drive around my local commercial center, that folks aren't lined up at restaurants at dinner time...fully prepared to fork over $200 bucks for a nice bottle of wine and a sumptuous dinner!
And when I look upon a football or basketball game on TV the stands are full for those $100 bucks a seat sporting events.
So where are people getting the money to spend for such luxuries when they can't afford a plumber? Or a car repair!
Are they living off of their credit cards? Are they all illegal Mexicans getting paid cash under the table and free of paying taxes, and still qualified to reap welfare benefits and free runs to the food banks?
And, if Obama's economy is so damn great, how is that folks can't afford a washing machine repair?
I confess I do not understand the new economy. I can't imagine how folks can afford to pay Obamacare premiums and still afford to put food on the table. And with 93 million Americans who have left the work force, no longer even trying to find a job, I find it amazing that Obama dares to crow over a 5 percent unemployment rate.
Yes, I'm amazed that 63% of American can't afford an unexpected $500 dollar expense. But I find it even more amazing that Obama got elected twice and that all the political gurus say Hillary will win and doubled down on Obama's economic policies.