Washington (CNN) – Economic fears are not diminishing. More than eight in 10 Americans think the economy is in another recession, according to a new CNN/ORC poll. One-third of those surveyed think it’s serious.
While the country isn’t technically in a recession because the economy hasn’t experienced two straight quarters of negative growth, the poll’s results highlight the importance of President Barack Obama’s jobs speech next Thursday night.
Full results (pdf)
Americans have “a bad case of economic jitters,” according to CNN Polling Director Keating Holland.
About two-thirds think the president should focus more on creating jobs right now, even if it means less deficit reduction.
Don’t expect Republicans to stop demanding more budget cuts though. Almost half of GOPers surveyed say deficit reduction is just as important as creating more jobs, including those who identify themselves as tea party supporters.
Democrats strongly disagree. Eighty-three percent want the president to focus more on job growth, and two-thirds of independents say the same.
This could hint at the president’s economic plan as he campaigns for re-election. With only 34% of Americans approving of the way he is handling the economy, according to a CNN/ORC Poll released earlier this week, job creation could help the president solidify his party’s eroding support, while bringing in key independent voters.
The CNN/ORC International Poll was conducted August 24-25, with 1,017 adult Americans questioned by telephone. The survey's overall sampling error is plus or minus 3 percentage points.
If I were polled, I would have said that we were out of recession in the of 2009. But now that the House is controlled by TEApublicans, I'm more inclined to think that we're going back into recession. There agaenda is to tank the economy, and thats what they're doing. Wall St. has no confidence in Congress.
Yes job creation ...the only way it will work though is if the House majority is not republican. Or get some in there who lead with common sense and open minds. Fact....to stimulate job growth money must be spent. Pay down the deficit later when times are good. I fear though that the cuts for every amount spent is going to do more damage in the long run.
8 in 10 think we're in a recession??? Oh tell me it ain't so... We have Hope & Change and Win the Future on the teleprompter!!!
Calling this a "Recession" rather than a "Depression" depends on whether you're an average Joe, living and working on Main Street, or a Wall Street banker, who looted this country and deserves to be tried for treason. Tough times for Average Joe, good times for Wall Street. Thanks, Washington, for negotiating the deal.
Headline should read: 8 in 10 Americans have no idea what a recession is.
We're in a rationalization. Struggling is the way of life and always been that way. Kids still walking around with iPhones and I see people driving new cars more than ever. I still see parents paying for their grown 'kids' in college, which is a pretty modern thing for the working class and I still see them buying them cars too. We're far far from being bad off. This is just bringing things back to reality. When I was a kid in the 80s I didn't even have a TV in my room, let alone a mobile broadband device and a flat screen. Give me a break "broke" America.
I am sorry, but I hate when people use the word Recession with two quarters of negative growth. if we have negative growth it is called a depression, recession would be if we were coming out of it. I really cannot stand, the misuse of words. Common sense, positive growth recession, negative depression. Come on people be honest!
"More than eight in 10 Americans think the economy is in another recession"
This one American thinks the economy cannot possibly be in "another" recession because it never grew out of the Great Recession.
It seems as thought the teabaggers and republicans got it wrong. The debt reductions they demanded and taking us to the brink of disaster by not raising the debt ceiling (which was the needed legislation in the first place, not budget reductions) is now causing much damage to our economy which is causing damage to the jobs situation. As I predicted cuts in spending will cause catastrophic damage to the economy and to the debt which includes jobs losses. The best help for the debt and for the budget is to put people back to work. They would have less spending and more income as a result and it would improve the budget/debt problem. The teabaggers and republicans do NOT care about you or anything as long as they get theirs and they do not have to share. They just do NOT care if you have income or not, or if you can feed your self or not or just starve as long as they do not have to pay any of their funds to help you in any way. Way to go christian right. I guess the bible does not tell you that you ARE your brothers keeper. Oh I guess you can cherry pick from the bible as long as it is in your benefit only. Just remember 2012 is around the corner. Plan on being UNEMPLOYED if you are a teabagger or republican.
Think? I didn't know we ever got out of 2008's recession.
Americans should be concerned. The GOBP is bent on destroying the economy through obstructionism and its slavish devotion to its failed cult principles like deregulation and tax cuts for the ultrarich non-"job creators". When a group cares more for the greedy than the needy, that is a disaster for America.
8 out of 10 know we're in a recession ..... and headed for a depression.
I don't think most THINK we're heading into "another" recession: they KNOW we never really climbed out of the 2007 one!
For 80% of the population we ARE in a rut, recession or what have you. I don't care what some scumbag speculator calls it. I fail to understand how stealing a candy bar can land you a trip to the county jail, but playing the stock market like its Vegas lands you a million dollar home. I am really starting to doubt this market crap.
What is a "jobs bill?" How does the government create jobs? Obviously, the trillions of dollars (that we didn't have) that we have already spent weren't quite enough to create any jobs. How much more do we have to spend?
How about, instead of spending more money to reward the President's political contributors, we take the boot of government regulation and taxation off of the neck of our nation's job creators and let THEM create jobs? They do it for free.
The other 2 are making > $250k/yr and get a tax break. No recession for them.
well thats a no brainer we have been since 08 we never came out! news media and Washington are clueless
"While the country isn’t technically in a recession because the economy hasn’t experienced two straight quarters of negative growth..." Maybe not technically, but when everyone is broke and on food stamps who cares about technicalities? This situation should be treated as an emergency and it is being treated as business as usual. Not what we deserve from our government.
It is times like these where our country should realize that the outsourcing of jobs has its limits. When a recession hits and we expect jobs to help in the recovery, we should not be surprised when it is difficult to create jobs. Outsourcing labor-intensive jobs is one thing but when service-related jobs are outsourced as well, what kind of jobs should one expect to create that will help the economy? Jobs at a fast-food restaurant where workers are paid minimum wage? Yes, that kind of earning power will really help get the economy going, especially when fuel and food prices are currently rising. In situations like these, those minimum wage jobs only help people to work to survive but not have anything to spend towards education. In a country that ranks lower to third-world countries in certain areas of education, creating a situation where the population does not have enough to invest in education is not a good idea. Overall, the current economic recession (and, yes, I believe that we are in a recession) will be difficult to overcome since the jobs we really need to help our recovery have been outsourced, the jobs left here only help a good portion of the population to barely earn enough to survive, and a good portion of the population will not have any money to invest in education, thus keeping that part of the population earning that minimum wage that allows them to earn only enough to survive. A vicious cycle indeed. What does this mean for this country? Weak recoveries and an ever-growing population of minimum wage earners. For the wealthy, this is a blessing since the very group of people they prey on will be growing. For the those of us that are not wealthy, well...
Until someone handles thetrade defIcit we will never have jobs that count again. Note jobs equal national security
We need to focus on not sacraficing our liberties for economic stability and work towards a sound monetary policy. We are in a recession and much closer to depression, I hope the 2 out of 10 see it that way as well.
... and I'm sure these 8 out of 10 Americans can't even define a "recession" ... all they know is that they're not getting as many freebies from taxpayers as they once did.
Probably have a college degree AT BEST. Outdated skills and no work ethic. Coddled from infancy. They're deadbeats. Same group that says they can't understand mortgage terms. Probably carry a credit card balance from month-to-month. But they get that cup of Joe from Starbucks every morning. Get them out of the gene pool!
since my boss had to lay off all but 1 worker from 27 at one time, I would say Yup,possibly a depression soon! We are a small engine rebuilding machine shop near Philadelphia. The "cash for Clunkers" program killed our industry.The local taxes of $3k per MONTH for school and property doesn't help thing much either. The Huge Bailout to GM and Chrysler didn't help us either, they are our main competitor(GM) for "crate engines",our main seller. Kinda like robin hood in reverse. My poor boss has not collected a pay check in 2 years and works 14 hour days, plus Saturday and sometimes Sunday.Nafta didnt help us much(the American worker). maybe someone in the Government will Help undo the damage that they did to the country, then again maybe Santa Clause will bring me a new Corvette this xmas.