â??Anyone claiming that Americaâ??s economy is in decline is peddling fiction,â? said President Obama in last nightâ??s State of the Union address. Technically, the president is correct: The American economy, as a whole, is not in decline. But for most Americans, the state of the American economy is less important than the economy of their state, county, and city.
â??Americans donâ??t live in a single economic place,â? says Emilia Istrate, the director of research and outreach for the National Association of Counties (NACo). â??It tells you why many Americans donâ??t feel the good economic numbers they see on TV.â?
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