June 23rd, 2010
10:53 AM ET
5 years ago

CNN Poll: Uptick in economic optimism

 A CNN Opinion Research Corporation national survey released Wednesday indicates that 78 percent of the public says the economy is still in a recession.
A CNN Opinion Research Corporation national survey released Wednesday indicates that 78 percent of the public says the economy is still in a recession.

Washington (CNN) - Most Americans believe that the country is still in a recession, but one in five now say that the recession is over - the highest number since October, 2008, and double the number who felt that way last May, according to a new national poll.

A CNN/Opinion Research Corporation national survey released Wednesday indicates that 78 percent of the public says the economy is still in a recession, with 21 percent saying the recession is over, more than double the number of Americans who believed the recession was over in May of last year.

"More signs of growing optimism: the number who say that the country is in a serious recession has dropped from 42 percent last fall to 33 percent now," says CNN Polling Director Keating Holland

But an uptick in economic optimism has not led to an increase in the number of Americans who think things are going well in the country. In fact, that number has dropped since March and the situation in the Gulf of Mexico is the likely reason for that.

"There are some glimmers of optimism on the economic front, but the public's overall mood has taken a dip that is probably due to the oil spill in the Gulf of Mexico," adds Holland.

Evidence of that is found in the attitudes of women on the economy and the oil spill. The drop in overall satisfaction comes entirely among women - the number of men who say things are going badly is unchanged since March, but the number of women who feel that way is up 11 points.

The number of women who think the recession is over has grown eight points since December; among men, there was virtually no change.

But women are also more likely than men to believe that the oil spill will affect their families directly, and women are much more likely to say that the situation in the Gulf is getting worse.

"So it appears that women are reacting to their pessimism about the oil spill rather than their perception of any economic improvement," says Holland.

The CNN/Opinion Research Corporation poll was conducted Wednesday June 16, with 534 adult Americans questioned by telephone. The survey's overall sampling error is plus or minus 4.5 percentage points.

–CNN Deputy Political Director Paul Steinhauser contributed to this report


Filed under: CNN Polls • Economy
soundoff (22 Responses)
  1. Enough

    We should have and would have been on a strong road to recovery by now............but, Obama and his policies are keeping this recession going and the lost jobs aren't going to come flooding back any time soon. 2012 is our hope to undo the great mistake of 2008. Democrats are and always will be JOB KILLERS.

    June 23, 2010 10:57 am at 10:57 am |
  2. phoenix86

    When everyone's income tax goes up this year due to Obamacare's taxing of health insurance with the resulting decline in consumer spending and subsequent decline in jobs, then people will see that Obama's policy is deliberate. It is the left's goal to reduce US economic power to be "fair" and equal to Europe and the rest of the world.

    What a gift the American voters gave to China.

    June 23, 2010 11:02 am at 11:02 am |
  3. James

    Are you kidding me? I run a business and I can personally tell you that within the business community people are barely hanging on, housing is at 1990 pricing, the ones that are selling. Its amazing how people can twist the statistics to deliver a message, rather than just be honest. go out on main street and talk to people who are small business owners and families making less than 75,000 annually. I think you will find your ridiculous poll numbers a little different.

    June 23, 2010 11:07 am at 11:07 am |
  4. diridi

    just get rid of Mccristal, and concentrate on passing Financial Reform, and Energy and Climate reform then, immigration reform....we need stringent immigration reform....stop sending jobs overseas....stringent immigration is needed including india...lot of muslim populance is coming to usa, changing their passport, and names from india...wake up.

    June 23, 2010 11:08 am at 11:08 am |
  5. w l jones

    As for as recession it were more a economy slow down than anything due to the fact you never say long line of people walking to city to city looking for work. In my opinion this were more a media hype than anything else.

    June 23, 2010 11:11 am at 11:11 am |
  6. LacrosseMom(the real one)

    THANKS CNN........ FOR LETTING US IN ON THE GOOD NEWS! Here in our state (which was not hit too badly by the Bush Recession) we are seeing signs of growth and hiring everywhere.

    June 23, 2010 11:13 am at 11:13 am |
  7. Duane St.Petersburg Florida

    what a joke....now even the Europeans are telling Obama to stop spending...this guy is clueless. He will keep spending because he thinks massive debt will help? More and more entitlements....what a joke. Look at the housing....down 33%...yeah, happy time are here again!

    June 23, 2010 11:18 am at 11:18 am |
  8. Lynda/Minnesota

    There is a reason for every poll, and every poll has a reason, right CNN?

    This poll is so obviously smoke and mirror nonsense that I even the most dim-witted can see through it.

    Don't take the Nikki Haley win too seriously, CNN, because most women see through the ENDORSEMENT of Haley by the good 'ol boy club as well. How can she be bucking an establishment that grabbed her from obscurity and placed her so prominently onto the national scene?

    Whether or not Haley can fill the shoes of Michael Steele is still up for grabs.

    June 23, 2010 11:20 am at 11:20 am |
  9. thor

    Cnn can try to spin the numbers anyway they want but Americans know that the economy is still in the toilet and is likely to remain that way as long we have a socialist president who wants to take more and more control away from the private sector.This is nothing more than Cnn trying to help their pal at the W.H. because you supported him in the election and you can't believe how poorly he's mismanaged the economy.

    June 23, 2010 11:23 am at 11:23 am |
  10. Fair is Fair

    Really, CNN... really????

    Since your news organization is fo fair and balanced, where's the article showing housing purchases down 33%... attributed to the expiration of first-time buyer tax credits? That statistic alone should show everyone what happens when the government runs out of other people's money to give away.

    June 23, 2010 11:24 am at 11:24 am |
  11. gt

    i guess they havent ck the home sales today,,,,,its real bad...

    June 23, 2010 11:34 am at 11:34 am |
  12. MAhole

    Things are getting better for sure – MUCH better than if McLame and the "disasta from Alaska" had won the election.....

    It is still too early to declare an end to the recession – until the unemployment rate is back down to <5% – but there is no telling how long that will take......

    It is a whole new economic world out there – we will all have to adapt.

    June 23, 2010 11:45 am at 11:45 am |
  13. Sniffit

    Uh oh...better crank up the noise GOPers. Get the talking point machine movin' at 72 speed or else public perception of the economy might improve and you can't let that happen.

    June 23, 2010 11:48 am at 11:48 am |
  14. D artist 5

    In this economic climate you're going to have your ups, and your downs, But through it all this economy is coming back, slowly but surely.

    June 23, 2010 11:54 am at 11:54 am |
  15. Amber Lambert

    The president means well he is doing a great job but why not put some of the focus off the gays and put it on the foreclosure problem that is still.tearing families apart I think that would do more good right now. The banks are just making big bucks off the poor people who were drawn into subprime mortgages and there is no one to speak for us. All we get from the president is promises for almost 2 yrs.

    June 23, 2010 11:55 am at 11:55 am |
  16. Ex-Republican since McCain picked Palin

    It is getting better, people soon forget who caused this and have a tendancy to blame the current President. But it was Bush that got us in here, to say otherwise is denial. I believe with all my heart the President cares for the middle class person and is trying to help us in every way possible. I do understand those who just hate him no matter what he does because I would feel the same way if lieing palin was in the WH. Egads, what a horrible thought!!! Thank goodness that will NEVER happen.

    June 23, 2010 11:58 am at 11:58 am |
  17. Victim of GOP Taliban

    Enough of the doom and gloom fueled by the Republican activists. Don't buy gold from Faux sponsors, the sky isn't falling, the birds are still singing.

    June 23, 2010 12:01 pm at 12:01 pm |
  18. Ancient Texan

    It's not over! Until the threat of huge tax increases to take care of the huge deficits is removed, along with the obamacare load for small businesses, and the threat of of cap and TAX legislation, small businesses will NOT EXPAND OR HIRE NEW employees! The Libs just don't understand the reality of the situation.

    June 23, 2010 12:01 pm at 12:01 pm |
  19. THE OBAMA TRUTH

    Some more OBAMA propaganda. If you think it's over move to Texas so you can fight with the illegals who are like ants and the no raises in pay while the sales production keep skyrocketing. In the meantime the Congress and OBAMA will tell you there is no COLA but they voted themselves a 6% raise. JUSTIFY THAT ILLEGAL OBAMA.

    June 23, 2010 12:09 pm at 12:09 pm |
  20. Republicans is smart in the head area

    Seems like good news so will of course wait six seconds before the Republicans try to spin this as bad news. How about some needless fear mongering?!

    What is President Obama doing about the giant Wombat invasion!?!??! He doesn't care about Americans and is leaving them to fend for themselves against the Wombats!!! His Wombat policy is ineffective!! Hurry send your children's college fund to Michael Steele. Only Republicans can keep us from "being hit again" by giant Wombats!! Oh the humanity!

    June 23, 2010 12:14 pm at 12:14 pm |
  21. Four and The Door

    But an uptick in economic optimism has not led to an increase in the number of Americans who think things are going well in the country.
    _____________________________________________________
    It's not just their ineffective responses to unemployment that the Democrats have to worry about in November. It's the exploding government debt. It's the 1 million gallons/ day of oil still spilling into the gulf for who knows how much longer. It's the lack of progress in Afghanistan. It's the deterioration of the way things are done in Washington lately, like passing major partisan legislation like ObamaCare by reconciliation when Obama himself said they would not do that. These are just the highlights.

    June 23, 2010 12:16 pm at 12:16 pm |
  22. Debbie

    The oil spill does impact my optimism because: oil is tied to money and the love of money is the root of all evil. When you have politicians tied to oil, judges supporting more oil pumping, you have a huge increase in several jobs that will disappear. The only people in favor of pumping more oil are rig operators and those who love money. It's pure evil and those tied to it are evil and support evil.

    June 23, 2010 12:33 pm at 12:33 pm |