CNN Poll: Optimism on the economy drops
August 10th, 2012
05:00 AM ET
2 years ago

CNN Poll: Optimism on the economy drops

Washington (CNN) - A new national survey indicates that the number of Americans who say things are going badly in the country is on the rise, as a growing number of people believe that economic conditions are getting worse.

The number of Americans who said that things were going well had been slowly but steadily rising since last fall, but numbers from a CNN/ORC International poll released Friday reverse that trend, with optimism about how things are going in the country now at 36% down seven points from April. And 63% say things are going poorly, up six points from April.

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According to the survey, the number of people who say that the economy is starting to recover has also dropped five points since April, from 24% to 19%, while the number who say that the economy is still in a downturn is up six points to 39%.

"That all seems bad news for President Barack Obama's re-election chances, but only if Mitt Romney can capitalize on it," says CNN Polling Director Keating Holland.

The CNN poll was conducted by ORC International Tuesday and Wednesday (August 7-8), with 1,010 adults nationwide questioned by telephone. The survey's overall sampling error is plus or minus three percentage points.

– CNN Political Editor Paul Steinhauser contributed to this report.


Filed under: 2012 • CNN/ORC International poll • Economy
soundoff (105 Responses)
  1. JPNAmerican

    But hey Congress is still able to take August off instead of working to get this nation back on it's feet so it can't be that bad right?

    August 10, 2012 05:33 am at 5:33 am |
  2. Australian Observer

    Dear Americans,
    Come November you have two choices.

    Have money in your pocket and elect a president you dont like.
    or have empty pockets and re elect a celebrity

    August 10, 2012 06:26 am at 6:26 am |
  3. The Dude

    The US economy tanked in 2008 the minute Obama took a commanding lead in the polls.

    Obama is back in the lead again and still working his anti-business magic.

    August 10, 2012 06:27 am at 6:27 am |
  4. Get Real

    Really??? I thought our president said back a few months ago "The Middle Class is doing just fine",

    August 10, 2012 06:29 am at 6:29 am |
  5. Marie MD

    I can only speak for myself but I like to once again look at my 401k to see how it has grown since 2007 when war criminal #43 and portman tanked the country and sent the market plummeting to 7,000.

    August 10, 2012 06:34 am at 6:34 am |
  6. BinaryTooth

    Obama can't fix this. Bush left too big a problem.

    Obama 2012

    August 10, 2012 07:17 am at 7:17 am |
  7. King

    its amazing: stock markets going through the roof, housing finally coming back, businesses have trillions in their, pockets yet the repubs still manage to make the gullible thinks that the country is going down. lesson folks, the repubs has 90 percent of the 1 percenters on their side, which own the media, and what is being told. why think voters suppression is happening all around the country by the repubs, and the dems are powerless to stop it. they are basically saying if you dont have money to get an id, you cannot vote, they are even disallowing early voting, to encourage long lines to discourage voters for staying hours in lines to vote. this is not being done by the repub party, this is done by rich power, and their media to make the people be complacent, and not protest.

    August 10, 2012 07:37 am at 7:37 am |
  8. John Illinois

    Are people finally opening their eyes and ears that Obama and his lackeys are destroying our country? I sure hope so!

    August 10, 2012 07:38 am at 7:38 am |
  9. tony

    I blame the republicans for this. their pledges to the norquist, limpbaugh, and koch let Obama fail by any means necessary even if it means do nothing to but block every bill to make this country better. losers Obama/Biden 2012

    August 10, 2012 08:04 am at 8:04 am |
  10. ll

    Do we need the same exact non-working trickle down policies re-implemented that crashed this economy in '08? NO WAY!

    August 10, 2012 08:04 am at 8:04 am |
  11. DFW Dann

    Does this number always increase during the last few months of a political campaign? With so many negative ads saturating the airwaves it seems pessimism about the state of our country would be a unwanted side effect.

    August 10, 2012 08:10 am at 8:10 am |
  12. Al-NY,NY

    this is exactly what the GOP wants.....keep it down on purpose in the hope that Flippy can "come to the rescue" like the GOP messiah he's been praised as. Too bad numbers say no matter what, Romney won't do any better in improving the economy, espcially as quickly as his empty promises claim

    August 10, 2012 08:13 am at 8:13 am |
  13. tangledthorns

    I don't how people honestly think the economy will get better with Obama when constantly rails against private businesses.

    August 10, 2012 08:18 am at 8:18 am |
  14. u laby

    Top 1% pay 36.73% of taxes
    Top 5% pay 58.66% of taxes
    Top 10% pay 70.47% of taxes
    Top 25% pay 87.30% of taxes
    Top 50% pay 97.75% of taxes
    Bottom 50% pay 2.25% of taxes

    Why are we worried about Mitt's taxes?????????????

    The rich pay all the taxes while half the country is freeloading. Time for the bottom 50% to do SOMETHING. There's no reason why half of the eligible taxpayers can't pay ANY tax.

    August 10, 2012 08:22 am at 8:22 am |
  15. T'sah From Virginia

    Whenever this type of poll is done, it is ALWAYS follow with "That all seems bad news for President Barack Obama's re-election chances, but only if Mitt Romney can capitalize on it," That's the whole point – It's going to take time for the economy to get to where it should be and electing RomneyHood is NOT going to speed it up – Therefore, Romney is NOT able to capitalize on it, especially with the campaign managers he has running his campaign.

    The American people know that the economy is slowly recovering and we also know that the economy TANKING in the first place is not this President's fault!! If we had a Congress that was more willing to WORK with this President instead of trying to DESTROY him, we just might be better off right now!!

    Obama 2012 – The Only Trusted Way Forward!!

    August 10, 2012 08:25 am at 8:25 am |
  16. Ed1

    the main reason the private sector is doing just fine.

    We have -0- leadership in the White House and we will not until Obama is replaced by Mitt who knows more about the economy than Obama would ever even dream of knowing.

    Hope and change went out the window when Obama walked into the White House in 2009.

    Where are the 4.2 million jobs Obama keeps talking about when he even said he is 316,000 people employed fewer now of when he took office in 2009 the math doesn't add up.

    Have we been paid back any of the money that we loaned out if so did it go to pay down the debt bet id hasn't and if it did bet none of the money was used to pay down the debt.

    All I keep hearing is in Obama words if I can't cut the debt by half in my first term then I don't deserve a second term then let us the voters help Obama keep his promise on the statement in November.

    August 10, 2012 08:28 am at 8:28 am |
  17. citizenUSA

    To me, the only optimistic thing so far is that there isn't a world depression, yet. We all know it's not just us. What do we see in the news all the time though? Rich people getting richer somehow and usually at the expense of us regular people, (but of course not every time). I don't think any Presidential candidate can do anything about unless you something about the greedy corporations and elite. I felt like the economy was starting to recover. One day you see great news but the next day something cancels it out. Even our own government screws us. GSA? Fannie/Freddie Mac? Political "favors"? But you know' it's been like this for a long time. It's just starting to come to a head.

    August 10, 2012 08:29 am at 8:29 am |
  18. NClaw441

    I appreciate polls as much as the next guy, but does it really matter what the public THINKS on matters of fact, as opposed to opinion? Is the economy improving or is it not? If the economy is not getting better, does it matter if the public "feels" like it is?

    August 10, 2012 08:29 am at 8:29 am |
  19. Blah blah the wheel's off your trailer

    That optimism will skyrocket when President Obama is re-elected and it will continue to rise when the GOT is finally removed from the House of Representatives.

    August 10, 2012 08:30 am at 8:30 am |
  20. Gabbo1234

    Only a fool would vote for Obama again – hands in the air, please !

    August 10, 2012 08:31 am at 8:31 am |
  21. citizenUSA

    To me, the only optimistic thing so far is that there isn't a world depression, yet. We all know it's not just us. What do we see in the news all the time though? Rich people getting richer somehow and usually at the expense of us regular people, (but of course not every time). I don't think any Presidential candidate can do anything about unless you something about the greedy corporations and elite. I felt like the economy was starting to recover. One day you see great news but the next day something cancels it out. Even our own government is an issue. GSA? Fannie/Freddie Mac? Political "favors"? But you know' it's been like this for a long time. It's just starting to come to a head.

    August 10, 2012 08:31 am at 8:31 am |
  22. IndyQ

    This is the downside of negative campaigning for Obama. Voters frustration extends beyond the campaign which results in more Dems staying home on election night. The contrary isn't true as the remaining voters will elect change. It's how Obama got elected in the first place and why he is likely to lose this time around.

    August 10, 2012 08:32 am at 8:32 am |
  23. uncdig

    Isnt America listening – Obamaloney says everything is fine.
    Reminds of the scene in Animal House during the panic in the parade at the end where the ROTC kid is yelling do not panic everything is fine as he gets trampled

    August 10, 2012 08:36 am at 8:36 am |
  24. King Solomon

    We can thank the "say no to everything Congress" for the poor economy! Job growth would be much higher if they were not so hell bent on slashing spending for government jobs. In-fact had they not slash funding for government jobs, I suspect that the economy would grow about 250,000 jobs a month.

    August 10, 2012 08:39 am at 8:39 am |
  25. i_know_everything

    first , will get myself a cookie now

    August 10, 2012 08:39 am at 8:39 am |
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