Weak Economy Sours Public's View of Future

[Stuart G]

Source: New York Times

http://www.nytimes.com/2008/04/03/us/03cnd-poll.html?hp


Weak Economy Sours Public’s View of Future, New Poll Finds



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By DAVID LEONHARDT and MARJORIE CONNELLY
Published: April 3, 2008
Americans are more dissatisfied with the country’s direction than at any time since the New York Times/CBS News poll began asking about the subject in the early 1990s, according to the latest poll.

In the poll, 81 percent of respondents said they believed that “things have pretty seriously gotten off on the wrong track,” up from 69 percent a year ago and 35 percent in early 2003.
Although the public mood has been darkening since the early days of the war in Iraq, it has taken a new turn for the worse in the last few months, as the economy has seemed to slip into recession. There is now nearly a national consensus that the country faces significant problems.
A majority of nearly every demographic and political group — Democrats and Republicans, men and women, residents of cities and rural areas, college graduates and those who finished only high school — say that the United States is headed in the wrong direction. Seventy-eight percent of respondents said the country was worse off than five years ago; just 4 percent said it was better off.

Read more: http://www.nytimes.com/2008/04/03/us/03cnd-poll.html?hp

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This is actually pretty good for the upcoming election, but very bad for the future of the country. Sadly, this recession is likely to be very bad.

[OhioChick]

1. I'm surprised you have no replies...

Think that things are bad now....just wait.

[Stuart G]

2. Ohio..you correct...worse to come. much worse.. just look at...

all the threads on this very page, below and above this one, that deal with loss of jobs, bankruptcies, economy downturn, fear, etc...this story and poll reflect this...very sad.

[greyghost]

3. It's going to get a lot worse.

[struggle4progress]

4. 89 Percent of Americans See War in Iraq as Drain on U.S. Economy

April 4, 2008
COST OF WAR: NEW POLL SHOWS 89 PERCENT OF AMERICANS SEE WAR IN IRAQ AS DRAIN ON U.S. ECONOMY

... In a New York Times/CBS poll released today, 89 percent of those surveyed believe the cost of the war has contributed "a lot" or "some" to U.S. economic problems.

From what you know, how much do you think the cost of the war in Iraq has contributed to the U.S. economic problems - a lot, some, not much or not at all?

A lot: 67%
Some: 22%
Not much: 6%
Not at all: 4%
DK/NA: 2% ...

http://www.tradingmarkets.com/.site/news/Stock%20News/1...