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. Montykoolaid

    And yet Congress is on a FIVE WEEK VACATION...

    They also left the farmers in drought stuck areas high and dry for their precious vacations.

    August 10, 2012 09:53 am at 9:53 am |
  2. livingston

    Polls and surveys are no longer valid. They are done on landlines. A great number of people use their cell phones and many no longer even have landlines and those who do rarely answer them. The people how are doing well use cell phones so until they include cells in their polls then you will only show a very narrow group of people not a large varied group that makes them worthwhile.

    August 10, 2012 09:54 am at 9:54 am |
  3. Josh

    Sounds like the fact that the economy is growing slower than the population and the unemployment rate is rising is having a negative effect on economic optimism. Apparently Americans are not as poorly educated as the media tells us.

    August 10, 2012 09:56 am at 9:56 am |
  4. Chipster

    If VOTERS are pessimistic about the economy, they need to stop voting for gridlock! If you vote for President Obama, then give him a Democratic CONGRESS ! If you vote for Romney, give him a Republican Congress. Politics is so polarized that opposing Parties will only give us 4 more years of gridlock. Stop voting for GRIDLOCK! If you don't vote, then sit down and shut up – you give up the right to complain about the results if you don't vote.

    August 10, 2012 09:59 am at 9:59 am |
  5. KJ

    Fox news poll: Obama up by 9%. Ouch.

    August 10, 2012 10:00 am at 10:00 am |
  6. HendersonNV

    Funny how upset the Dems are that so many big companies and even Corporations have more money than ever sitting in their bank accounts waiting for better times. Well it isTHEIR money and because they are smart is why the have the money in the first place. (Greed is not enough to become rich)
    A majority of these companies are hoping for a GOP president that is more friendly to job and business growth. If Romney wins, expect a huge money dump into the economy. This will not be tax payer money nor a bailout nor " wealth redistribution". It will be the right way to "stimulate" the economy.

    August 10, 2012 10:00 am at 10:00 am |
  7. Anonymous

    When Romney get elected i hope he bring a broom because "it is a mess."

    August 10, 2012 10:00 am at 10:00 am |
  8. really

    Nice attempt.

    August 10, 2012 10:01 am at 10:01 am |
  9. NicPayne

    optimism is down but consumer spending is up???

    August 10, 2012 10:03 am at 10:03 am |
  10. Rob

    Romney, the tax evader will only make things worse! OBAMA '12!!!

    August 10, 2012 10:06 am at 10:06 am |
  11. kramer

    Hurray!! The Republicon Plan is working!!

    The Republicons have openly continued to Block Government, Obstruct Congress, Halt Progress, Downgrade Our Rating, Starve and Stall Jobs and the Economy then Blame it all on Our President Obama..!??

    August 10, 2012 10:06 am at 10:06 am |
  12. Antigonus

    Well, when one half of the country actively hopes for bad economic news so that they can have an excuse to act holier-than-thou about politics, it makes perfect sense that despite fairly decent numbers indicated a slow but sustained improvement, people just randomly decide to be dissatisfied. Typical America.

    August 10, 2012 10:06 am at 10:06 am |
  13. Balanced99

    Every time another poll comes out showing Obama is leading over Romney – confidence that the economy will recover should dip.

    I've watched this for four years – other than printing money that we owe to China – we're taking absolutely NO steps to correct the economy.

    August 10, 2012 10:08 am at 10:08 am |
  14. New leadership needed.

    People who take polls must be pretty dumb. Why? Because Barack's economic policies have kept our national economy weak and unemployment high. Yet, after a slew of dishonest and slanderous ads that even the media found to be garbage, Obama gets a lead in the polls.

    Seriously, are people really this dumb to believe the exaggerations on nothing issues? Romney can help our economy. Hopefully, people will look past Barack's charisma and see the results of his time in office..... economic stagnation and unsustainable policies.

    August 10, 2012 10:09 am at 10:09 am |
  15. Dave

    America firmly rejects Obamunism:

    Friday, August 10, 2012

    The Rasmussen Reports daily Presidential Tracking Poll for Friday shows Mitt Romney attracting support from 47% of voters nationwide, while President Obama earns the vote from 43%. Four percent (4%) prefer some other candidate, and six percent (6%) are undecided. See tracking history.

    Republicans continue to show a much higher level of interest in the presidential campaign than Democrats or unaffiliated voters do.

    August 10, 2012 10:09 am at 10:09 am |
  16. vic , nashville ,tn

    Business we have scope, goal not like congress, unfortunately some time we have to wait for congress decisions on tax code, disaster relief plan our goal and scope

    This is ridiculous our congress is not functioning

    August 10, 2012 10:10 am at 10:10 am |
  17. GI Joe

    Too many wingers being influence by Rush and FAUX.

    August 10, 2012 10:10 am at 10:10 am |
  18. Ricky L

    Another day, another poll.

    August 10, 2012 10:14 am at 10:14 am |
  19. ireuel

    Now Barry is "Just somebody we thought we knew". The only ones not sharing in the bad economy are the people working in the government these days, oh yeah they are feeling the "Pain at the pump" as most of us, but none of them are concerned about their jobs. Barry better hurry up and raise those taxes, there is less "Rich People" everyday. "Great job your doing there Barry"

    August 10, 2012 10:15 am at 10:15 am |
  20. one who does vote

    I the government would come together like they should to work on the counterys problemsIt could be a faster recovery time. but instead ther president has to fight every inch of the way to accomplish anything. cant we all get along for the greater good?

    August 10, 2012 10:16 am at 10:16 am |
  21. Ron

    Are we going to hear all the blame go to Obama, ro to the worthless Congress that promised in 2010 to focus on "JOBS, JOBS, JOBS!" Worst ever Congress in history. Bring Obama's infrastructure bill back and put people to work while we repair our infrastructure. The real truth is that the GOP is doing all they can to make sure headlines like this prevail so people can be manipulated to vote GOP. Don't forget who got us here in the first place people.

    August 10, 2012 10:17 am at 10:17 am |
  22. who cares just drink

    Skyrocketing food prices due to the drought + the probable attack on Iran that the Israelis will make in the next few months will eradicate any gains the economy has made. If Europe implodes around the same time then S will hit the fan big time.

    August 10, 2012 10:20 am at 10:20 am |
  23. TheLostSurveyor

    Funny, I'm in the California construction industry. My work load has been escalating steadily for quite a while now. I don't know who's confidence is still down. But my confidence is getting stronger by the day.

    August 10, 2012 10:21 am at 10:21 am |
  24. Larry

    Skyrocketing food prices due to the drought + the probable attack on Iran that the Israelis will make in the next few months will eradicate any gains the economy has made. If Europe implodes around the same time then S will hit the fan big time.

    August 10, 2012 10:21 am at 10:21 am |
  25. Dave

    Just remember, it was a key democrat strategist who coined the phrase "It's the Economy Stupid". Well, as they also say, Karma's a's B. This truth (that it;s the economy stupid) is starting to bite the dems in the rear so hard that they are desparatetly trying to change the phrase, but that isn't working.

    August 10, 2012 10:25 am at 10:25 am |
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