The end is not near
Every day, the news is full of depressing stories about various crises, scandals, and trends.
“We seem to be in an apocalyptic moment,” said Michael Grunwald. The summer’s crop of popular movies—such as World War Z and This Is the End—depicts a human race that is “basically screwed,” and every day, the news is full of depressing stories about various crises, scandals, and trends. “Relax! The apocalypse is not nigh.” In fact, while the U.S. has many problems—and always has—things are on the upswing. In the fourth year of “a slow but steady recovery,” the economy is adding close to 200,000 jobs a month—a total of 6.8 million since the end of the Great Recession. The stock market has doubled in four years and is at a record high. Housing prices are coming back. The sequester hasn’t derailed the economy. Inflation is very low. This year’s federal deficit will be an estimated $642 billion—half of what it was in 2008. America is not turning into Greece. Meanwhile, U.S. carbon emissions have dropped to the lowest level in two decades, and so have oil imports. Admittedly, all this good news would make for a boring summer movie—but maybe we should enjoy it anyway.