It appears the American People are losing faith in the American Dream as no matter how much the American President tells the paeons that everything is awesome, they are just not buying it. In fact, according to the latest survey by the University of Michigan, the percentage of US consumers who are ‘uncertain’ about the the economy has never, ever been higher…

Good times ahead, or bad times? The percentage of U.S. consumers saying “it depends” rose to the highest on record in September, according to preliminary results of the University of Michigan’s monthly survey.

As Bloomberg reports, the upcoming presidential election may be leading to increased uncertainty over the outlook, Richard Curtin, the director of the survey, said in an e-mail. However, as we have detailed previously, things have not been too rosy for the last few years, no matter how rose-colored one’s glasses are… (at least according to Harvard)…

It’s not “election uncertainty” – as Harvard points out that the key affliction of the U.S. economy is a completely broken political system that is “no longer delivering good results for the average American.”

The U.S. political system was once the envy of many nations. Over the last two decades, however, it has become our greatest liability. Americans no longer trust their political leaders, and political polarization has increased dramatically. Americans are increasingly frustrated with the U.S. political system. Independents now account for 42% of Americans, a greater percentage than that of either major party.

The political system is no longer delivering good results for the average American. Numerous indicators point to failure to compromise and deliver practical solutions to the nation’s problems. Political polarization has especially made it harder to build consensus on sensible economic policies that address key U.S. weaknesses. It is at the root of our inability to progress on the consensus Eight-Point Plan.