Friday, September 23, 2011

Americans Losing Hope Economic Recovery

It is no secret that the U.S. public’s outlook on the economy has been suffering, but new Gallup polls indicate confidence is sinking even lower. One poll measuring sentiment from 2009 to 2011 shows that those who once believed the economy was getting better has fallen nearly 30%, while those who feel the economy is the same or worse has risen nearly 30% over two years. Another poll covering the same period indicates that fewer Republicans, Democrats and Independents feel the economy will get better “one year from now.” Moreover, the number of people who blame President Obama for the economic mess has risen 32% in the last two years. For more on this continue reading the following article from Tim Iacono.

It shouldn’t be too surprising to see the kind of polling data that Gallup has been reporting this week, given that, to many Americans, there never really was an economic recovery from the 2008 recession. From this survey published yesterday, it seems there is little optimism left out there as the hope that many had two years ago has faded.

Even more bad news for President Obama comes via this separate Gallup poll in which, for the first time ever, more than half the respondents blame him for the nation’s economic woes, up from 32 percent two years ago. Of course, 69 percent still blame former President George W. Bush, down from 80 percent in 2009, however, those trends are certainly not the friends of anyone in or near the White House.

This blog post was republished with permission from Tim Iacono.

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