June 9th, 2008
07:10 AM ET
2 years ago

More than three-quarters rate economic conditions poor

A new survey shows nearly 80 percent of Americans thing economic conditions are poor.
A new survey shows nearly 80 percent of Americans thing economic conditions are poor.

WASHINGTON (CNN) – More than three-quarters of Americans think economic conditions are poor, a new poll suggests.

Seventy-eight percent of those questioned in a new CNN/Opinion Research Corporation survey out Monday morning rate the economic conditions as poor. That’s up from 75 percent in March.

Only 22 percent rate the economic conditions in the country as good. That’s down from 25 percent in March and 54 percent in September.

But it appears Americans are optimistic. Fifty-two percent said economic conditions a year from now would be good, with 46 percent saying they would be poor.

The economy continues to be issue number one for Americans, with 42 percent saying it is the most important issue in their vote for president, far ahead of the war in Iraq in second place.

The CNN/Opinion Research Corporation survey was taken June 4-5, with 1,035 adult Americans questioned by telephone. The poll’s sampling error is plus or minus 3 percentage points.


Filed under: Economy
soundoff (322 Responses)
  1. TESAP

    Okay and your gonna vote republican in November why???????????

    June 9, 2008 09:01 am at 9:01 am |
  2. Ed, Santa Fe NM

    The Bush Legacy: economic depression and endless wars......

    June 9, 2008 09:01 am at 9:01 am |
  3. Gina

    It's the (bad) economy stupid. And McSame is going to keep the failed Bush economic policies.

    McCain=Bob Dole, part II

    No new ideas, just the same sad, tired, cranky old man mentality. "Grrr. Get off my lawn, you darn kids. And tax breaks for the rich. Grrr...where's my Metamucil???"

    June 9, 2008 09:03 am at 9:03 am |
  4. Travis (in the real world)

    Someone should tell McCain that we're going down the toilet....he still thinks the economy is good....while you're telling him that, how about asking what year he's living in.

    June 9, 2008 09:03 am at 9:03 am |
  5. Michelle

    Mitt Romney has a financial background, so he would be a great pick for VP. McCain/Romney!

    June 9, 2008 09:04 am at 9:04 am |
  6. Laura

    I think the 22% of the people who feel the ecomony is good are drinking the same Kool-Aid the Obama folks drank when they thought he would be a better choice than Hillary.

    June 9, 2008 09:08 am at 9:08 am |
  7. From Canada

    Me and my friends up in Canada are wondering how Obama and Mccain are running equal in most polls at this point. Clinton's supporters threatening to vote for Mccain are total irresponsibles...

    June 9, 2008 09:09 am at 9:09 am |
  8. JB

    An ex trickle down supporter:

    Those making ovr $250,000 have been polled on specific issues relating to the economy. They have not felt this down turn AT ALL.

    I used to belive cut taxes for the rich, and it will eventually get o the less fortunate. Whether thru new hires, raises or bonuses. The truth, IT DOESN'T WORK ANYMORE.

    CEO's and the higher ups simply give themsleves a raise. That is why I am now in full support of Obama's economic plan. The Bush tax cut should be repealed (over $250,000), and they shoud increase taxes on those same individuals.. They are getting by while others are struggling.

    June 9, 2008 09:10 am at 9:10 am |
  9. James

    Hey McStupid,

    Forget that war stuff and remember the good old USA!

    June 9, 2008 09:11 am at 9:11 am |
  10. Lauren

    Glad to see people are finally waking up. What surprises me is that 22% are still in denial. My optimism about the economy a year from now is conditional upon whether this country decides to vote for change or more of the same. The natural trend of economics can only do so much. We can't keep doing the same things and expect things to change for the better.

    June 9, 2008 09:11 am at 9:11 am |
  11. No McSame

    Obama will not stand by and let McSame send our kids off to die in Iraq. No Way. Nor will he allow McSame to give us four more years of Bush economics. No Way. Are you better off today than what you were eight years ago? if yes then vote McSame, if not then Obama is your man.
    Those of you that are planning to vote for this war monger and really want to show your support for McSame JOIN THE ARMY. Many of you are no help anyway because you supported Hillary in MOUTH only but did not send her a dime to help her out. Don't hate on Obama because we supported him with our time and our MONEY. YOU LOST IT FOR HER. Our money was well spent.
    OBAMA08

    June 9, 2008 09:12 am at 9:12 am |
  12. Timber

    I think Nader is going to have a great election year with all the Hillary democrats who are disillusioned with the DNC and the way their candidate was treated. I think he will take a lot of votes from the dems as will Barr from the republicans. Will be very very interesting. Dean and Obama may be crying in Novemeber. Hate to say "I told you so" but there you are.

    June 9, 2008 09:13 am at 9:13 am |
  13. Enlightened Voter - Can't afford john mccain

    350,000 jobs lost since January, 1 million homes in foreclosure, over 4,500 soldiers lost their lives in a senseless war, gas at $4.00 a gallon and rising daily, the world hates us. We cannot afford john mccain or any repub for that matter.

    June 9, 2008 09:14 am at 9:14 am |
  14. Hillary

    ...and Obama's economic credentials are what again???

    June 9, 2008 09:14 am at 9:14 am |
  15. Henry Miller, Cary, NC

    Here's something I'm curious about: if 78% of the people polled think the economy is in bad shape, what percentage of those plan on voting for a tax-and-spend Democrat in November, thereby further weakening the economy? How about the percentage who plan to vote for a guy who apparently doesn't mind wasting further trillions of dollars in a pointless war in Iraq?

    Neither of the major parties seem to acknowledge that their policies depend on a sound economy. The Socialist Utopias the Democrats seem to want require huge amounts of money to pay for all the stuff they think people ought to be "entitled" to; the American Empire the neo-cons keep pushing requires huge amounts of money to fight their crusades and maintain military bases around the world.

    Neither of these philosophies is sustainable in the long run, and it's beginning to look like we're nearing the end of a long run that was started seventy or so years ago.

    Further, neither of these philosophies is supported by the U.S. Constitution. Nowhere in that document is there any provision for "entitlement programs," nor is there any specific provision for setting ourselves up as World Cop.

    It's time to back off. It's time to get away from a society where government is the dominant influence in everyones' lives. Taxes paid to governments cost each of us, on average, more than we pay for our homes, our cars, and our groceries, combined. And, at that, it's still not enough to pay for everything the politicians insist government ought to be doing–that's what all those enormous budget deficits reflect.

    We keep letting politicians buy our votes, paying for them with our own money, and it's bankrupting us. That's why economic conditions are poor.

    June 9, 2008 09:14 am at 9:14 am |
  16. FactCheck

    I hope all of you McCain supporters are making over $250,000/year or more. That would be *only* rationale for voting for a candidate with such ridiculous economic policies. This is what got us here in the first place.

    June 9, 2008 09:15 am at 9:15 am |
  17. Easy Rider

    I hope the McCain supporters that are UNEMPLOYED and benefits are running out realize McCain voted AGAINST extending unemployment benefits. Goes to show you how little he really cares about people in a time of crisis.

    June 9, 2008 09:16 am at 9:16 am |
  18. Madeleine

    Well oh well. Hillary is/was the answer to solve this economyic problem. but now McCain will help us solve this. I refuse to have an apprentice solve our crisis in america.

    June 9, 2008 09:16 am at 9:16 am |
  19. Enlightened Voter - Can't afford john mccain

    Hey Matt, luvcups, we had years of repub majority in the house and senate and 8 yrs of repub president. No matter how you try and spin it, they screwed up. The dems are now trying to fix the prob but it's hard with a repub pres who vetos darn near every bill they propose. Go get yourself a little history lesson before you post lies.

    June 9, 2008 09:17 am at 9:17 am |
  20. MLG

    Matt, I totally agree with you. Congress and the Senate make the president look bad when there the ones who are making the decisions.

    June 9, 2008 09:17 am at 9:17 am |
  21. Lynn

    I believe Senators Obama and McCain knows nothing about the economy. Bill Clinton (our only 2 term Democrat President since I can't remember when) is an expert on the economy, Remember the 1990s great years for most Americans. I believe if Democrats had picked Hillary Clinton, with a lot of hard work, we could have been like the l990s again. Oh I forgot you Obama supporters want change.

    June 9, 2008 09:18 am at 9:18 am |
  22. fred II

    and some still want to vote for that failed mc c?

    lobbyists, lobbyists and more of them
    GI Bill
    bomb bomb bomb iran
    of course, more wars

    i think we´ve just about got enough of the repugnants, and they call themselves compasionate conservatives........not worth more ink

    DEMOCRATS rise up, elect Senators, House members, Governors, Mayors, City Councilmen and women just like in Illinois, Louisiana
    and Mississipi

    June 9, 2008 09:19 am at 9:19 am |
  23. JL in GA

    The gas tax was just an idea. Nothiing they can do this summer. Neither are in the white house. So, if you keep voting for the republicans, you see what you will have the next four years.

    June 9, 2008 09:19 am at 9:19 am |
  24. Kenneth M.

    2 years does not a fault make. The republicans have run this nation down for 5 year, 9 if you count the republican congress under Clinton. This is a time to be glad to have Obama and his intellect pulling for the nation. Here is a good idea, if the wright gets out of the way for 8 years and gives us the congress and white house perhaps we can fix what Bush has run down.

    June 9, 2008 09:21 am at 9:21 am |
  25. William, from Cali

    For me, the economy has been "poor" , since 2oo6, and it doesn't look as if, its going to get any better, anytime soon.At present, I'm out of work; my Company shut-down last year, after 28 years working there, and the prospect, of finding me one, making the same money, is small. I'm 60 y/o and semi-retired!

    June 9, 2008 09:21 am at 9:21 am |
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