joe public always gets it wrong.
when the market is bubbling, joe public gets in and loses.
when the market is bottoming, joe public capitulates and loses.
when the economy is booming, joe public overspends and worsens it.
when the economy contracts, joe public saves and worsens it.
when the gov. needs revenue, joe public votes to tax the means of production and worsens it.
when jobs are getting scarce, joe public pushes isolationism and worsens it.
now...when the president says "this is what the people voted for", i am less than enthusiastic.
"The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."
(Alexis De Tocqueville)