Financial advisor Dennis Tubbergen gives us a feel for what the average American really thinks about the economic recovery in the U.S.

Grand Rapids, MI -- (SBWire) --05/23/2011 --Dennis Tubbergen is a financial advisor, advisor to financial advisors, author and radio talk show host. One of Tubbergen’s latest blogs was dedicated to his belief that most Americans are convinced there is no economic recovery in the United States.

“A story published on CNN on April 28, 2011 revealed the findings of a recent Gallup Poll regarding consumers’ opinions of the economy,” begins Tubbergen.

He quotes the CNN article as saying in part, “More than half the nation believes the economy is in a recession and 29 percent say it is in a depression on the same day that Austan Goolsbee, chairman of the Council of Economic Advisers, released a statement saying the economy posted the ‘seventh straight quarter of positive growth’.’

The article goes on to quote Goolsbee as saying “faster growth is needed” for replacing jobs that were lost during the recession but that Goolsbee is encouraged by the recent growth in our economy.

Tubbergen frequently talks about how politics in the U.S. affect our economy and often gives his clients and readers insight as to what he believes is actually taking place here.

“I’ve been working on a book about where we are economically and what possible courses of action folks should consider taking with their finances,” explains Tubbergen. “As I’ve been researching the book and the actions of the government and the Federal Reserve I’ve come to the conclusion that much of what the government tries to do through spending and policy that micromanages the lives of citizens backfires.”

According to the Gallup poll discussed above, more than half the nation are of the same agreement as Tubbergen. An article in The New York Times on April 21, 2011 states the number of U.S. citizens who believe our economy is getting worse actually rose by 13 percentage points in March.

The article goes on to say in part, “Americans are more pessimistic about the nation’s economic outlook and overall direction than they have been at any time since President Obama’s first two months in office, when the country was still officially ensnared in the Great Recession, according to the latest New York Times/CBS News poll.

And according to the Gallup survey mentioned above, only one-quarter of Americans believe the economy is growing.

“The numbers say that the consumers polled here are right,” notes Tubbergen. “The Bureau of Economic Analysis reported on April 29, 2011 that estimated first quarter economic growth was 1.8% on an annual basis, down from 3.1% in the fourth quarter.”

Tubbergen adds that retail sales numbers for the December holiday shopping season were also revised downward by 1.15%.

“Those are not the numbers of a recovery,” concludes Tubbergen.

Dennis Tubbergen has been in the financial industry for over 25 years and has his corporate offices in the USA Wealth Management Building in downtown Grand Rapids, Michigan. Tubbergen is CEO of USA Wealth Management, LLC and has an online blog that can be viewed at http://www.dennistubbergen.com. His weekly talk show The Everything Financial Radio Show is simulcast on two Michigan metro stations and also airs to over 600,000 financial advisors, with recent podcasts available at http://www.everythingfinancialradio.com.

The opinions expressed herein are those of the writer and not necessarily those of USA Wealth Management, LLC. This update may contain forward-looking statements, including, but not limited to, statements as to future events that involve various risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual events or results to differ materially from those that were forecasted. Therefore, no forecast should be construed as a guarantee. Prior to making any investment decision, individuals should consult a professional to determine the risks, costs, benefits and fees associated with a particular investment. Information obtained from third party resources is believed to be reliable but the accuracy cannot be guaranteed.