Art Laffer Newt Gingrich
Art Laffer (right) poses with Newt Gingrich in 2011.
  • Polls show that around half of Americans think the US economy is in a poor state.
  • They're right to be miserable, said Art Laffer, a former top economic advisor to President Reagan.
  • Cooling inflation and a flat unemployment rate don't matter much to Americans, he said.

Americans are right to be feeling so down about the economy, according to Art Laffer.