Pessimism Surges as 72% See U.S. Economy on Wrong Course in Poll

September 15, 2011 04:01

Americans’ pessimism about the economy has deepened and confidence in both political parties has fallen with only 20 percent saying the country is on the right course even as they remain divided over solutions. –

By Mike Dorning – Sep 14, 2011 at Bloomberg


Just 9 percent of people say they are confident the economy won’t slide back into recession, in a Bloomberg National Poll. A majority says it will take at least six more years for home values in their community to recover to pre-recession levels.

The broad message of Republicans is resonating, with 57 percent of the country saying the best way to create jobs is to cut taxes and government spending.

Only 27 percent of Americans say they are better off now than in January 2009, when Obama took office in the depths of the recession compounded by the September 2008 financial crisis and the country was losing as many as 820,000 jobs a month. That’s a decline from June, when 34 percent said they were better off.

Unemployment and jobs are the nation’s top concern, cited by 46 percent of Americans, ranking ahead of the combination of the deficit and government spending at 30 percent.


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