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. rey

    the mainstream media cannot spin the reality. The unemployment numbers, no matter how much manipulation is done to make it look good for the election is not helping either. We need a leader who can unite the members of our Congress together and work as a U.S. team. We cannot afford a leader who incite division in this country. Just like in any sports we need a leader, period.

    August 10, 2012 09:16 am at 9:16 am |
  2. what's up

    Optimism on the economy drops after four years of Obama. No kidding!

    August 10, 2012 09:19 am at 9:19 am |
  3. kelvin

    id say 75 percent of the people who participated in this poll know absolutely nothing about the economy

    August 10, 2012 09:21 am at 9:21 am |
  4. positive

    Can you imagine if our grandparents went around moping like this during WWII? Or our grandparent"s grandparents. ...Jeesh this Civil War is a real bummer...I'm sad..we have no hope.....We as a nation will always have problems, big problems...it is people like the ones who wrote this article who make our predicament truly dangerous by taking away our Nations greatest weapons – Belief and hope in our future-

    August 10, 2012 09:21 am at 9:21 am |
  5. R.I.P. Damon

    63% of this survey says the country is headed in the wrong direction, 60% say Obama is now largely responsible for the current economic situation and 75% of Americans say that jobs and the economy is a "very important" issue leading up to the election. Bad news for the president. Very bad news.

    August 10, 2012 09:21 am at 9:21 am |
  6. tibs

    Anyone who thinks the economy is recovering is clueless. Weve been in a depression since 08, punctuated by rounds of stimulus which makes our underlying problems even worse. Obama is doing the exact same thing as Bush except hes taking it even further.

    We need to take the pain and take it right now. We need massive cuts in government spending. It will be rough for a few years, but the alternative of destroying the dollar will be so far beyond anything our country has ever experienced. A dollar crisis will make the great depression look like fantasy camp.

    Vote Gary Johnson, because hes not romney or obama.

    August 10, 2012 09:25 am at 9:25 am |
  7. beevee

    I am not sure how accurate the poll is. There are signs that the economy is slowly inching up frustrating as it may. I will not put much weight on this poll.

    August 10, 2012 09:27 am at 9:27 am |
  8. moving1

    Ok! everytime Mr. O looks like he is getting ahead, you come up with a new poll in an attempt to try and change the subject. The last job report was better than expected. Where did you poll?.. sure, things could be better, but lets not forget, this is a global trend. How about the Poll that wants Mitt to release his taxes.

    August 10, 2012 09:27 am at 9:27 am |
  9. Feed the greed

    If only we could get the house republicans to work with President Obama, we could have cut another percentage point off unemployment and created a better roads, bridges, electricity grid, employed more teachers, built and improved schools and increased the tax base, If only!

    August 10, 2012 09:28 am at 9:28 am |
  10. demovsemperor

    Political ticker normally does not allow anything I comment to actually post. I don't know why they are afraid of a democrat who voted for Obama but won't vote for him again.

    August 10, 2012 09:30 am at 9:30 am |
  11. moving1

    Oh! for the past week, Mitt was loosing.. Again, let not let it looks like Obama miight take it again. can you conduct a poll on voters supression in these state that came up with the bogus ID laws. Oh! I am not a Democrat. Cnn needs to stay aways from the Fox staregy and go back to what has made them a leader in the past real news.

    August 10, 2012 09:30 am at 9:30 am |
  12. Howard

    Been to the grocery lately? Food prices have spiked . I see programs like Corn for fuel as bad idea . We the consumer always end up on the short end of the stick.

    August 10, 2012 09:31 am at 9:31 am |
  13. Joi Gibson

    Well it does not help anyone's optimism when Congress leaves town with huge issues left undone. Apparently there is a fiscal cliff approaching and off they go, blaming everyone else but themselves. Having said that, I will continue to believe that brighter days are ahead. You simply cannot give up hope. If you have no hope, then you have nothing to aspire to.

    August 10, 2012 09:32 am at 9:32 am |
  14. moving1

    Oh! for the past week, Mitt was loosing.. Again, let not let it looks like Obama miight take it again. can you conduct a poll on voters supression in these state that came up with the bogus ID laws. Oh! I am not a Democrat. CNN needs to stay aways from the what appears to be the Fox news staregy and go back to what has made them a leader in the past, real news.

    August 10, 2012 09:32 am at 9:32 am |
  15. Jack

    "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,..." Well, DUH! If you ask the Wall Street types how the economy is going, you'r going to get a positive response. If you ask the Main Street types, you're going to get a negative response! Two different polls asking the same questions of two different groups of people, and we're supposed to be surprised that their responses are so different??

    August 10, 2012 09:35 am at 9:35 am |
  16. JT

    Welcome to divided states every empire has fell in time the is the time for the USA

    August 10, 2012 09:35 am at 9:35 am |
  17. JMorcan

    No American who has seen the skyscrapers of Shanghai or industrial ferocity of Chongqing is confused about the cause of our dying economy.

    August 10, 2012 09:35 am at 9:35 am |
  18. Yay

    Obama's winning! Yay! Another term!

    August 10, 2012 09:37 am at 9:37 am |
  19. Stewart234

    Why should people be optimistic with an amateur in charge. When a guy with bull horn experience and know how to work the copier runs the country, we're in trouble.

    August 10, 2012 09:42 am at 9:42 am |
  20. joyce

    Seems tp me the surveys change from day to day. Yesterday things were great. todfay things are bad. Guess it depends on whitch party yells the loudest about the day before.

    August 10, 2012 09:44 am at 9:44 am |
  21. Keeping it Real

    What were those Obama promises again? As far as I'm concerned, he hasn't fulfilled them, nor come close. If he can't deliver, he should be gone. Same goes for a Republican President. You don't get 4 more years for being a terrible leader.

    August 10, 2012 09:45 am at 9:45 am |
  22. superlogi

    Ah, the summer of recovery. Since it didn't happen in 2010 or 2011, this must be the year.

    August 10, 2012 09:47 am at 9:47 am |
  23. Jim

    Of course pessimism has grown. We have a totally ineffective and corrupt Congress. We have two presidential candidates that inspire thinking individuals to wish for a "none of the above" box on the ballot. We have added another 5-6 trillion dollars to the national debt. The employment situation is so bad that when government reports decreases in unemployment it's only because people have given up looking. The Republicans want to do away with every control on business. The Democrats appear to want everyone on the dole. It looks a lot like the last days of the Roman empire.

    August 10, 2012 09:49 am at 9:49 am |
  24. george

    You know, if you look at the numbers, there was never any preponderance of optimism. The majority of the people in this country were, and still are, pessimestic. Look at the numbers in this article! Trying to frame this article as a level of optimism is very subtle propoganda designed to provide support for the liberal agenda. Do not be duped.

    August 10, 2012 09:51 am at 9:51 am |
  25. onlyfacts61

    Too many Americans believe faux news and rush who keep their followers hating Obama. These followers only see gloom & doom. They talk to their friends and family and spread the gloom & doom. There will never be any confidence as long as these people are fed misinformation. Confidence is the driving force of any economy. They want Obama out, period. Even Obama supporters become skeptical when there is so much negativity. Millions and millions are doing just fine, but they want you to think they care about the poor unemployed guys, so they too spread the gloom & doom. Such a sorry endless game where noone wins.

    August 10, 2012 09:52 am at 9:52 am |
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