Tri-Staters on State of the Union

News

The State of the Union here in the Tri-State all depends on who you ask.

“I’m not sure we’re in a better or worse state, I think we’re in a different state,” said Kyle Henning of Evansville.

“After any president takes over there are things that are better for some, and some that are worse for others,” said Allyson Wood, also of Evansville.

Local experts say that won’t be changing anytime soon.

“A lot of people at the low income levels are not able to share in this economic super bowl, to say, party, of the stock market going up,” said Dr. Sudesh Mujumdar, a member of the University of Southern Indiana Economics Department.

Soaring stocks, tax cuts, and more prove to only be benefiting those who participate in the stock market.

Dr. Mujumdar says 21 percent of those who make less than $30,000 a year will never see that stock increase, and some say the middle class is also missing out.

“I think as far as the middle class goes, I don’t think that a whole lot has changed for the better, so I think that’s an area that needs to be focused on,” said Wood.

But others say the president is still keeping his “eye’s” on the prize.

“One thing he said he was going to change was the infrastructure, and I’ve seen that especially around the Tri-State, there are a lot of things that we didn’t do for years,” said Henning.

But another “I” could overshadow the president’s focus on infrastructure, immigration, and investment, intererest.

Dr. Mujumdar said,“To move from a grade D to B, it will take about four trillion dollars, the plan being proposed now, a trillion dollar plan for infrastructure, and the question then again is this adds to the deficit. What does that do to interest rates?”

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories