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  • Confidence in Economy Fizzling, New Poll Shows

    If you ask the American people, they don’t have much good to say about the U.S. economy. According to a new poll by Quinnipiac University, most say they are worse off financially than they were four years ago, and they don’t expect it to get better anytime soon:

    The surge of economic optimism may have stalled as American voters say 41 – 35 percent they are worse off financially than four years ago, and 51 percent don’t expect their personal financial situation to change in the next 12 months, while 32 percent expect it to get better and 13 percent expect it to get worse, according to a Quinnipiac University poll released today.

    Voters say 68 – 27 percent the economy is in a recession, but say 53 – 43 percent it has begun to recover, the independent Quinnipiac University poll finds.

    Though the economy has seen some modest improvement — 120,000 new jobs were added in March — those numbers were well below expectations, and 12.7 million Americans (8.2 percent of the work force) remain unemployed. Heritage’s Rea Hederman, Jr., writes that these latest jobs jumbers are “clearly disappointing and indicate that the labor market recovery is still struggling even years after the recession’s end.” And though the unemployment rate dropped from by one-tenth of a percent, Hederman explains that it’s due to workers leaving the labor force instead of finding new jobs. (Post continued below chart.)

    The American people are feeling the weight of the lagging economy, and their vision for the future is growing cloudier, as Quinnipiac reports:

    A small majority of American voters think the economy is improving, but the groundswell of optimism we saw in recent months seems to have hit a wall,” said Peter A. Brown, assistant director of the Quinnipiac University Polling Institute.  “Last October, voters said 77 – 20 percent the country was in recession.  By February public opinion was rosier with voters saying 66 – 30 percent the country was in recession, a solid positive move.

    But now, voters say 68 – 27 percent, we are in a recession.  The momentum has slowed if not reversed.  Similarly, in September voters said 68 – 28 percent the economy was NOT beginning to recover which turned to 54 – 43 percent in February that it WAS beginning to recover.  But now that number has stalled with voters saying 53 – 43 the economy has begun to recover.”

    Posted in Economics [slideshow_deploy]

    4 Responses to Confidence in Economy Fizzling, New Poll Shows

    1. Getting It Right says:

      Unemployment figures are worse than they appear, as the numbers do not include those people who have stopped looking for work altogether. Were they included, the number of unemployed in this country would jump to Great Depression levels. This administration understandably doesn't want this truth to be reflected in official stats. Incovenient news in an election year, don't you know.

    2. Bobbie says:

      Why hasn't the economy shown improvement when Obama got his billions? Where's accountability or is the President AND everyone looking up to him, immune to it?

    3. Stirling says:

      The Media's propaganda doesn't match up with reality, which people are living.. Reality is a politicians worst enemy, which is why this administration has twisted like a pretzel to warp the real economic numbers. The deceit is to continue to lie about it, and think that the American people can't handle it.

    4. Jim Bills says:

      We are In a depression,and have been for some time. We never got out of the last recession !!!

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