Gauging the health of the American economy, Pt. II

As I mentioned in yesterday’s post, I got a “bird’s-eye” view about the real economy from an employee of a bankruptcy court.  Today I spoke with another individual who has her pulse on the real economy – a staff member in a U.S. Congressman’s constituent’s office.

In speaking to this staff member, I have learned, to my surprise, that many citizens turn to their Congressman or Senator for help with a variety of issues.  This staff member has been inundated with calls and emails from constituents facing foreclosures.  This staff member told me the volume of calls and e-mails is not as high as during the height of the financial crisis, but she noticed the pace has picked up recently. The calls and e-mails are a daily occurrence.  This staff member’s opinion – the economy is not getting better.  She believes things will continue to be bad for some time before there is an improvement.

An employee at the bankruptcy court and a staff member for a U.S. Congressman – both have a pulse on the real economy.

The American economy is still in needed of medical attention.

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