June 9th, 2008
07:10 AM ET
3 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. PaulC

    How can you improve an economy when you owe more than 3 times your NGP and show no sign of slowing. The worlds looks at us as selfish fools.
    For too many years Americans have been living on the dole and the false premise that we are the richest nation in the world. The truth is that we are the largest debtor nation in the world. We have sucked up the worlds savings to finance our military adventures, earmarks and boondoggles. One perfect example is the purchase of a $500 million F22 fighter to defend against no know enemy but purely to have the fastest and most lavish. The wasted trillions could have financed the worlds best medical care and provided housing and care for our less fortunate. Instead we seen to feel proud to have devastated Iraq and are responsible for killed hundreds of thousands with no discernible gain.
    We have seen the enemy and he is us.

    June 9, 2008 09:21 am at 9:21 am |
  2. Sabrina Wang

    Even media reveal that gasoline price is much higher in Europe or other countries then in USA. But the major point is Europe countries have well established transportation system so cal bus, train line all over the area. Then in American except to or from down town to in city has bus line or else American heavily rely on personal automobile for daily living no matter where. So the double cost of gasoline is making ordinary income people worse the living.
    SW

    June 9, 2008 09:22 am at 9:22 am |
  3. TAL

    I just want to say to those counterfeit democrats and those Hillary supporters. Vote for McCain. We welcome the decline of America and the US as a third world country. We don't care, vote for McCain. The way we see it is your job will probably go first then all that you own and then your family.

    June 9, 2008 09:22 am at 9:22 am |
  4. John

    Is this supposed to be some sort of revelation? This weekend I went to my local grocery store, Pathmark, the biggest grocery store chain in New York City, and there was an announcement that they had dimmed some of the lights in the store to conserve energy because of the rising prices of food and electricity. In the announcement the manager pleaded with customers to conserve energy, and to also buy perishable items (?) It was a very spooky message.

    If that's not a sign of things to come, I don't know what is.

    June 9, 2008 09:25 am at 9:25 am |
  5. Phil, San Jose, CA

    wow matt, do you honestly think this is the dems fault after only two years??? this couldn't have anything to do with the $500 mil/day cost of this stupid war could it??? or the greedy bankers and mortgage brokers who caused the housing crisis??? or the greedy oil companies who make record profits, whine about their 4% profit margin while paying themselves millions of dollars annually??? yeah, this is ENTIRELY the dems fault. pull your head out of you know where.

    June 9, 2008 09:25 am at 9:25 am |
  6. Debbie

    The media plays a huge role in what is happening. If they told or wrote good news instead of drama with the negative impact, things would start to get better. The media releases their bad stuff for Wall Street to hear and there goes the Dow and the Dollar. Idiots make good money doing this so it doesn't affect their pockets and they sure don't care about the people struggling. Let's see if this makes it to be read. i doubt it.

    June 9, 2008 09:26 am at 9:26 am |
  7. Ty

    Obama / Kerry 08

    June 9, 2008 09:27 am at 9:27 am |
  8. Venus

    This issue is what Obama has to really focus on!

    If you think gas prices are high now............. better think what we will be paying next year including food!

    McSame is going to beat himself this year! If he thinks his only issue will be war-------- I hope he keeps dreaming!

    Go Obama!

    June 9, 2008 09:30 am at 9:30 am |
  9. Linda K.

    This "perfect storm" started building when the Republicans took the White House in 1980 and was accelerated by the Republican congress that took control in 1994. Trickle-down economics simply doesn't work. Now, after seven years of neglect under the Bush administration where big business has been given free reign, we are paying the consequences. And the ridiculous oil prices? They're based on speculation. Isn't that how we worked our way into the first Great Depression? History repeats for those who are too stupid to learn.

    June 9, 2008 09:30 am at 9:30 am |
  10. Terry in El Paso

    The poll probably reveals the ratio of winners-to-losers in the current economy. I'd guess that 5% of us are making money hand-over-fist. 20% are making more each year. 75% are seeing their incomes drop or slowly erode away. My employer is giving us annual raises that average less than the rate of inflation. My employer is giving himself big raises because company profits are WAY up. Profits are up because my employer is so good at keeping costs (my salary) down.

    "What, the poor have no bread? Then let them eat cake."

    June 9, 2008 09:31 am at 9:31 am |
  11. Greg Pottstown, Pa.

    in 2006 the price of oil was $60 a barrel. When the dems took congress and the senate it started to go up. By 2007 it had reached $92 a barrel. People like Chipster keep forgetting that a dem majority has held the congress and senate the last two years.

    In 2008 we are so blinded by the media and other things that we just look for the easiest scapegoat. In our case Bush.

    Yes bush is the problem with everything,Trade problems bush, 9/11 bush, economy bush, oil bush, lost my job bush,

    grow up and get real

    June 9, 2008 09:32 am at 9:32 am |
  12. Tony

    Timber – your explanation for voting for McCain is borderline Insane. Obama will have Clinton and Clinton people all over his campaign and cabinet but, just becuase your a sore loser, you'll vote for the opposing candidate. You must know nothing of politics, foreign policy, or the democratic party. Good Riddens

    June 9, 2008 09:33 am at 9:33 am |
  13. Enlightened Voter - no mccain

    You republicans are disgusting. 350,000 jobs lost since january, over 4,500 soldiers died in a senseless war based on lies, over 1 million homes in foreclosure, gas at $4.00 and rising daily, the greenhouse effect is in effect. We can't afford john mccain. Now spin all that into lies for your sorry party.

    June 9, 2008 09:33 am at 9:33 am |
  14. cnn rocks

    you reap what you sow period,we voted 8yrs for bush so lets deal with it.the sad part is as a republican i will never vote for mccain,my dad has been voting GOP for 40years and he said they will loose bad.dems are really funny threatening to vote for mccain,go ahead and reap it in the next four years.

    June 9, 2008 09:33 am at 9:33 am |
  15. Darryl,

    This is a major issue for life in America, the sad story is that we have resources as far as Oil, Gas, and other natural resources it comes down to captialism greed. Investigate the Salaries and the new Billionaires. This will be the downfall of America and we will be speaking Spanish, Chinese or event Arabic if we don't stop the greed in our market......

    A National Four Day Work week with full pay ie 40 hours ithis will help the economy and save gas...

    June 9, 2008 09:33 am at 9:33 am |
  16. ABC4VP

    With American families struggling to buy food and gasoline, and wondering IF/HOW to take a summer vacation, isn't it the height of chutzpah to see Air Force One whisk President Bush off on a "farewell" trip to Europe?

    And to think we, the taxpayers, are footing the tab!

    June 9, 2008 09:34 am at 9:34 am |
  17. Emma

    Looks like the incoming president is going to have a major economic fix in his first 100 days. I am looking forward to a Democratic President having the opportunity since the Republican administration has been in the hands of the oil companies for the past seven years.

    I bet both Bush and Chaney will be gazillionares when they leave office thanks to our economic crisis, especially as gas prices are soaring daily. They don't have to fill their gas tank with their hard earned money as the average American citizen has been doing since gas prices topped the $2.99 mark. What I would give to have their feel our woes everytime we stop at the gas tank.

    June 9, 2008 09:34 am at 9:34 am |
  18. Casual observer

    the bloggers commenting on this story are making totally ridiculous statements. I stubbed my toe this morning, that must be W's fault and that's why I'm not voting for McCain....

    The economy is down now because people took out mortgages and home loand they couldn't afford, coupled with oil going through the roof due to supply demand issues (thanks Democrats for blocking ANWR and further drilling, nuclear technology, and clean coal).

    And now these bloggers think raising taxes, nationalizing healhcare (the fed gov't track record on keeping large socialized programs funded is not good...medicare, social security) and repealing NAFTA is going to help the economy?

    Democrats basic knowledge of economic drivers is scary....

    June 9, 2008 09:36 am at 9:36 am |
  19. Marine

    If everybody above is waint for old BO(Bail Out) Barack to solve all you little problems are you going to be in for a big surprise by if some quirk of fate he gets elected, which is highly doubtful. He di nothing as a Senator, and every other elected position he has held. All he has done was to keep going to the same church for many years listening to rantings of a racist preacher then when it becomes a problem in his run for office decides that the church is to controversial and leaves it.
    BAIL OUT Barack is certainly appropriate for this HYPOCRIT!

    June 9, 2008 09:36 am at 9:36 am |
  20. Jewish Male from NY True Democrat

    Timber,

    That has to be the most idiotic post i've ever seen. #1. Clinton and Obama have shared many (not all) of the same economic plans/policies that would help this economy (outside the last gas tax contr), which goes to show you have NO idea what you're talking about and simply wish to vent like a baby who can't have candy. ..and if you wish to see democrats fall on their face, vote Obama, give him that chance to prove that you are right (doubt you will be). You won't b/c you are too scared he will succeed. then who will you blame? you'll probably blame cnn for sucking up the airwaves which some how prevented you from breathing....

    June 9, 2008 09:37 am at 9:37 am |
  21. Cory in Little Rock

    I just hope that the American people are paying attention. I guess, that for some people, trickle down economics is adequate, but even as a professional young man, I'm feeling the effects... especially when it comes to gasoline.

    I'm trying to understand why some would defect from the Democrats and cross over to McCain... The most "valid" argument that I've heard is that people just don't trust Obama to do what he says he's gonna do... But they will switch to a man who openly tells you that he will continue with Bush economic policy? That's like swallowing cyanide because you think that fish looks funny!

    At least with the fish you have some chance... Poison is poison, even... ESPECIALLY if it has an obvious skull and crossbones on the label.

    June 9, 2008 09:37 am at 9:37 am |
  22. annie

    Maybe if nancy pelosi and the lack-a-daisy demo. congress would get off their behinds maybe our country would be in better shape!

    June 9, 2008 09:37 am at 9:37 am |
  23. Kevin

    Hey Bitter in Texas... Have you been paying any attention at all? If you support Hillary Clinton, then you most can't honestly support Mccain in the next breath. They're like night and day. What's really sad is that the folks who are willing to switch party lines to vote Mccain are doing so out of bitterness and disappointment, NOT BASED ON THE ISSUES THAT PLAGUE US!

    June 9, 2008 09:37 am at 9:37 am |
  24. TESAP

    Timber, clinton was treated fairly, please explain how she was treated unfairly.............................. No No there was no sexism in this race by the Obama campaign.

    Still i can't understand why Clinton supporters areso upset????

    June 9, 2008 09:38 am at 9:38 am |
  25. Enlightened Voter - no mccain

    john mcwar said he 'knows nothing about economics'. And this is who we want running our country???

    June 9, 2008 09:38 am at 9:38 am |
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