By McNamara's fact-based metrics, we were winning the Vietnam War. These aggregate measurements might be good at the high level, but say nothing about an indivi

By McNamara's fact-based metrics, we were winning the Vietnam War. These aggregate measurements might be good at the high level, but say nothing about an individual's perception of reality. People know their personal economic situation is bad right now, they don't really care about the macroeconomics, that's not what "The Economy" is to the average American.