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When Did Optimism Become Uncool?
by b_b

    [T]he core reason for the disconnect between the nation’s pretty-good condition and the gloomy conventional wisdom is that optimism itself has stopped being respectable. Pessimism is now the mainstream, with optimists viewed as Pollyannas. If you don’t think everything is awful, you don’t understand the situation!

    Objectively, the glass looks significantly more than half full.

    Job growth has been strong for five years, with unemployment now below where it was for most of the 1990s, a period some extol as the “good old days.” The American economy is No. 1 by a huge margin, larger than Nos. 2 and 3 (China and Japan) combined. Americans are seven times as productive, per capita, as Chinese citizens. The dollar is the currency the world craves — which means other countries perceive America’s long-term prospects as very good.