November 19th, 2010
02:08 PM ET
8 years ago

CNN Poll: Public outlook on the economy remains dismal

(CNN)– A new CNN/Opinion Research poll reveals that most Americans don't think the economy is in good shape today, but half believe it will get better in a year. The poll, conducted last week, indicates that the country's current view of the economy is more dour than its hopes for the economic future.

When asked how they'd rate the economic conditions in the country today, 81 percent said that conditions are poor, an attitude that hasn't changed in months.

See full results after the jump.

Full results

"The number who say that the economy is in poor shape has been stuck in the high 70s to low 80s since the spring of 2009; only 18 percent say the economy is in good shape today," says CNN Polling Director Keating Holland.

The poll also reveals that six in ten say the country is likely to face an economic crisis similar to 2008, which suggests that the fear of another financial meltdown isn't far from the thoughts of most Americans.

Despite these dismal views, 52 percent of the public believe that economic conditions will improve a year from now. But this isn't as hopeful as it may seem because it is the lowest number who felt that way since December 2007, when the recession began.

The CNN/Opinion Research poll was conducted by telephone from November 11-14 among 1,014 adults. It has a sampling error of plus-or-minus three percentage points.

Check out CNN's new Polling Center, which provides the most comprehensive polling data of any news organization in the political landscape.

Filed under: CNN poll • Economy • Polls
soundoff (12 Responses)
  1. Jim from Va

    How can anyone feel good about an economy with nearly 10% unemployment,14%poverty rateand somewhere close to 60 million without healthcare insurance now even though Congress passed a so called healthcare reform bill.If you don't have a job the American dream for you and your children is a nightmare.

    November 19, 2010 02:26 pm at 2:26 pm |
  2. Four and The Door

    So the Democrats want to raise taxes on people earning $250k in this environment?
    I have a couple questions for them. Who is it that they think creates jobs? Do they think that raising taxes on these $250k ( Obama's billionaires ) will help create jobs?

    The truth is, there can be increased demand on a business's products and still the business owner may not decide to hire more people. You only hire people when you have money to do it and when you are confident that you will be able to afford that increased liability ( i.e., signing more paychecks ) month after month. It is not fun to lay people off because you can't continue paying them. I have just hired several people for my business because of increased demand but only half as many as I could actually use right now. Money is tight, but the taxes always have to get paid. At least with employees I have a choice about how many to hire. See the connection? Tax me more I hire less. That's how it works.

    November 19, 2010 02:29 pm at 2:29 pm |
  3. Chipster

    The economy isn't in great shape but anyone who knows the facts about how far down our economy went after 8 years of huge tax cuts, 2 wars, and costly bailouts in 2008, has to be aware of how much the economy has improved. Unfortunately, too many Americans get their information from unreliable sources that are financially and politically motivated to mislead people. Angry, distrustful, prejudiced, and ill-informed people are more motivated to vote. Sadly, those people are drawn to the sources that gain financially from their need to feel victimized. It's tragic if you think about it. We had a real opportunity to move forward and we chose to move backward.

    November 19, 2010 02:31 pm at 2:31 pm |
  4. Orlando Patriot

    The answer is quite simple: The ONLY people that can create employment are PRODUCERS (i.e. businesses) so I ask you – imagine you are a business for a moment where you knew what was going to happen next year (i.e. you knew what your taxes will be, you know what your employee health care costs will be, you see a consumer confidence increase, etc.). I think you can see if a business has a good idea what their costs will be next year then they feel comfortable making investment decisions.

    Now let's pretend you have no idea what your taxes will be next year, you have no idea what this health care bill is going to do to your costs, you have no idea how the financial reform package is going to impact your business, you see stagnant sales, and worry if consumer confidence will ever improve (i.e. that is our CURRENT situation). So I ask you, why in the world would you even CONSIDER hiring or expanding with all these uncertainties? End result is Obama doesn't have any idea how an economy works and has created SO MUCH confusion the private markets have put themselves "on hold" until they can find out WHAT THE HECK IS GOING ON!!!

    This CAN'T be a surprise to anybody can it? Even the left-wing Democrats who constantly have a handout looking for more "free stuff" from the government can't be SO STUPID that they can't even imagine how a real economy works or understand why businesses are not hiring. Can you be that STUPID? If you STILL support the Obama economic policy disaster then I guess you can be.........

    November 19, 2010 02:32 pm at 2:32 pm |
  5. Brendan H., San Antonio, TX

    Not to worry people, the party that created the biggest financial mess in history is coming back into power to finish the job, at which time the nabobs that voted them in will, again, vote Democratic putting the Democrats back in charge of a mess they will never be able to put a dent in. Nice cycle, the haves get bigger the ranks of the have nots grow and the ignorance of the populous continuous to believe the garbage being fed them by the Right.

    Foreigners are right – We ARE the most ignorant, illiterate electorate on the planet.

    November 19, 2010 02:36 pm at 2:36 pm |
  6. kyle

    End free trade and start fair trade, and the economy will get better.

    November 19, 2010 02:41 pm at 2:41 pm |
  7. Claudia, Houston, Tx

    81% of those who think conditions are poor is because they have never been in the 2% of the rich and you never will because you voted Republican which sealed your fate.

    November 19, 2010 02:41 pm at 2:41 pm |
  8. Darth Vadik, CA

    A spoiled nation that has a knee-jerk reaction to everything, the attention span of a housefly, and 50% of the population who think that Creationism is actually a valid theory (BTW it is not a theory, it is a myth – big difference between the two), so pardon me if I don't take this poll to heart

    November 19, 2010 02:46 pm at 2:46 pm |
  9. Nancy Pelosi, the wicked witch of the west, the DemocRAT gift that just keeps on giving

    only 18 percent say the economy is in good shape today
    I guess there are an awful lot of people off their meds! Or maybe it is all the overpaid government workers that like the new Obozo economy.

    November 19, 2010 02:56 pm at 2:56 pm |
  10. Dave

    Republicans in congress: The clock started ticking on November 3rd. You haven't got the economy fixed yet? What have you been doing? The deficit isn't reduced? What have you been wasting your time on?

    Get used to this type of blame game for the next two years. If the economy does not pick up and the deficit is not reduced republicans are toast. I really, really wish you guys had a plan (the democrats didn't seem to have one). But your plan then and now seems only to be "do anything to ensure that Obama does not get re-elected". NEWS FLASH- Thats not a plan. And that will not fly in 2012.

    November 19, 2010 03:06 pm at 3:06 pm |
  11. D. Bunker

    I see we still have teatards posting their ignorance here. The GOBPbaggers will not improve their economy until they address unfair global trade and corporate welfare that robs from the poor and middle class to give to the ultrarich. Their cult of tax cuts and deregulation is a PROVEN failure, yet they want to keep doing the same thing. That's the definition of insanity,

    November 19, 2010 03:28 pm at 3:28 pm |
  12. Mr. Lemming

    The president is doing a good job. Most of the American electorate is stupid. Propaganda is easier to follow because people
    are too lazy to think for themselves. Now look at all of the middle class items that are threatened by the Republicans like
    social security, medicare, unemployment benefits etc. Not realizing it will probably affect them also. Voters would rather believe the lie that President Obama is a muslim rather than their benefits will be cut and they no longer can afford to put food on the table. Or that health care is "socialist" when corporate interests and politicians use the same type of coverage.
    That's the way voters in this country have always been duped. Pitch Un-American ideology disguised as "conservatism". Tell them that the boogie man is coming. The republicans know this and have used it to perfection for years.
    Oh well, enjoy your tea.

    November 19, 2010 03:30 pm at 3:30 pm |