is the economy actually doing better for the median American or is it just a case of capital accumulation going on its merry way once again while real median income stagnates or declines (ie, the Bush-era and standard neoliberal growth model)? this may be what Mitt is banking on, however ironically.
You are correct in assessing the economy.
Yet many Americans who maintain their jobs judge ''the economy'' based on things like unemployment numbers, the stock market, etc.
The ways our media talks about the economy really does relate way more to how well capital is doing, not how the average worker is doing. So for Joe Schmoe who has a job, if the stock market is booming he thinks ''Hmm, good economy.''
