…was when George W. Bush got elected. John Wixted at Back Talk has a great post titled Americans Hate Their Fabulous Economy. Wixted has plotted the Gallup Poll tracking Americans’ perceptions of the economy over the last decade:
He then plots the objective data relating to GDP growth, unemployment and inflation. Suffice it to say that the data paint a very different picture from the polls. Why do you suppose that could be?