June 9th, 2008
07:10 AM ET
9 years ago

More than three-quarters rate economic conditions poor

A new survey shows nearly 80 percent of Americans thing economic conditions are poor.

A new survey shows nearly 80 percent of Americans thing economic conditions are poor.

WASHINGTON (CNN) - More than three-quarters of Americans think economic conditions are poor, a new poll suggests.

Seventy-eight percent of those questioned in a new CNN/Opinion Research Corporation survey out Monday morning rate the economic conditions as poor. That’s up from 75 percent in March.

Only 22 percent rate the economic conditions in the country as good. That’s down from 25 percent in March and 54 percent in September.

But it appears Americans are optimistic. Fifty-two percent said economic conditions a year from now would be good, with 46 percent saying they would be poor.

The economy continues to be issue number one for Americans, with 42 percent saying it is the most important issue in their vote for president, far ahead of the war in Iraq in second place.

The CNN/Opinion Research Corporation survey was taken June 4-5, with 1,035 adult Americans questioned by telephone. The poll’s sampling error is plus or minus 3 percentage points.

Filed under: Economy
soundoff (322 Responses)
  1. Angela Hunter

    Hillary's supportersthink this election was all about her, it wasnot. It is about the economy and the war, taxes, health care and I hope someone tells them that wasting a vote to prove you love Hillary is moronish, we have to think of the conditins that Americans are living with. The democratic primary is over, the real battle has begun. Please remember those of us who are feeling the strain as we go to the gas pumps, those of us with family in the military, and those who have lost their homes and have no health care. Vote with a purpose not for vengence.

    June 9, 2008 08:27 am at 8:27 am |
  2. Chipster

    I was surprised to discover that 22% of our population live in a protective bubble, preventing them from any contact with the real world at all!

    My biggest concern is: how many of these people are in the House and Senate? We seriously need a Democratic President and a Democratic majority in the House and Senate. The incompetence of this Administration has only been aided by a willing majority.

    June 9, 2008 08:31 am at 8:31 am |
  3. Michelle from Colorado

    While it is true that I strongly believe 75% of this mess came from the Republican leadership we have suffered under today, I also believe that 25% of the mess came from Obama supporters. I was a Democrat before I had to tolerate comments from those who support Obama in one breath and the next breath mention how they didn't pay their credit card bills because "as long as I pay my utilities and mortgage, ain't nothing the credit card company can do to me but ruin my credit score"
    Ain't nothing Barack Obama can do for me but ruin my country even worse than it is now.

    June 9, 2008 08:33 am at 8:33 am |
  4. ChicoSez

    No one seems to know HOW Obama plans on solving any of these problems? Oh, he has plans or rather platitudes on his website and in his speeches but does anyone really believe this guy is ready for the presidency? I don't! His popular ideas were stolen from Hillary and the rest of thses ideas are just standard far left drivel. As a moderate dem, or used to be a dem, I find it very easy to support the moderate republican rather than the far left new dem progressive. But I guess that an anti-war candidate shouldn't be expected to actually know anything about the economy.

    June 9, 2008 08:33 am at 8:33 am |
  5. CB

    And yet half say they will vote for McCain?!? I just don't get it.

    Do people not see the connection between the Republicans and the current economy? McCain promises more Republican ideas that have failed. He may be a different man than Bush – but his ideas on the economy don't differ.

    June 9, 2008 08:35 am at 8:35 am |
  6. Enlightened Voter - Can't afford john mccain

    350,000 jobs lost since January, over 4,500 soldiers died in senseless war, gas at 4.00$ and rising daily, the greenhouse effect is in effect, the world hates us, 1 million homes in foreclosure. WE CANNOT AFFORD john mccain> Question: why does he continuously oppose GI rights as a former POW? Answer: He is a repub, could care less about the average man.

    June 9, 2008 08:36 am at 8:36 am |
  7. Dallas, TX

    What you fail to understand is that Americans are extremely tired all the same old same old in Washington. We want change, we want progress, not the same politicians helping themselves and forgetting who put them in office.

    Obama represents a hopeful change and that is what Americans are rallying around, that is the concept each voter holds. Our "new" hope is that Obama can deliver what he's set out to accomplish.

    June 9, 2008 08:36 am at 8:36 am |
  8. Anonymous

    Wheb a country is lending too much money and is spending too
    much money on a war, on big big cars, energy etc, etc. it is not strange that such a country at the end will come in big, big trouble.
    Not one person can give more money out than what comes in.
    Simple as that!

    June 9, 2008 08:37 am at 8:37 am |
  9. Matt

    It's time to get the democrats out of Congress. After 2 years they have destroyed the economy and caused record oil prices.

    Aren't these two of the things they promised to fix??

    June 9, 2008 08:39 am at 8:39 am |
  10. Belle

    Wouldn't have minded having Clinton's and McCain's gas tax holiday at this point.

    June 9, 2008 08:39 am at 8:39 am |
  11. Will

    It's the Bush economy; "tax cuts work" and "deficits do not matter".

    June 9, 2008 08:40 am at 8:40 am |
  12. Doug R.

    George Bush is responsible for the economic turmoil as well as the sky rocketing oil/ gas prices. Bush didn't even realize gas was approaching $4/ gallon. How clueless and out of touch can you be??This man could care less about the average American. He will go down as the very worst President the United States has ever had. And, flip flopping McCain has zero knowledge of economics. The man is a liar and a fraud and would be a continuation of Bush. We don't need that.

    June 9, 2008 08:42 am at 8:42 am |
  13. Belle

    This is a question for the "Political and Economic" pundits at CNN who are unbiased.

    What would happen to the economy if ALL funds sent out beyond the United States, the war in Iraq was ended sooner vs. later, and all of the extra money was poured back into the United States and toward paying off the debt.

    How many years would it take to balance the budget again?

    How fast could the economy rebound at home?

    June 9, 2008 08:43 am at 8:43 am |
  14. Michael in Lorton, Virginia

    If we think America is feeling the pain in the pocket now.....wait. It is going to get worse.

    June 9, 2008 08:44 am at 8:44 am |
  15. Alex

    It's not about economy this time. It's all about energy. Peak if oil production is behind us and if we wouldn't invest now into atomic energy world economy will collapse. Atomic energy is the only realistic and truly green alternative to oil, like it or not. It will stop global warming as well.

    Out of all candidates only Obama is planning to invest into our energy independence realistically. Other candidates were delusional.

    June 9, 2008 08:44 am at 8:44 am |
  16. Myron

    These polls in my opinion are off by a margin… After living and working in this economy for the last 34 years, I’ve noticed in the last 8 years the employers are not giving the necessary raises to keep up with the economic change these days. With gas prices and groceries escalating… you find yourself taking the employers raise even if it was an insult to everything your title is worth but what can one do? If you have a job that can stand the test of time and can still pay you decent wages… You have no choice but to “stay put”! A move to a new job may prove more profitable in the beginning but loosing seniority and not really knowing the intentions of your new employer could leave you with larger questions like how far is the unemployment office…. This economy should be labeled “Play it safe”. President Bush named this situation “Slow Down” Although mine is better… I call it “Recession”…. Good luck to us all.

    June 9, 2008 08:44 am at 8:44 am |
  17. Mike

    What I want to know is: who are these 22 percent that say it is good? How delusional must these people be? Is there any doubt these are the few people who still find the Bush Whitehouse to be doing a favorable job?

    June 9, 2008 08:44 am at 8:44 am |
  18. James

    America's greed and monopoly is finally starting to catch up.

    As insulting as it is to the "average" american, Europe is far more advanced culturally and (soon) economically...

    ...thanks to 8 years of Hell. (I know so, I'm an American living abroad)

    The only way for America to regain its form is to "get in line" with the great European nations like Germany, France, Britain, or Italy, but also with Japan.

    Always being the outsider (most of the time, for the wrong reasons) has been our downfall. We are NOT "better" than the above nations, we are all in it, together, for the betterment of this world.

    Electing Barack Obama is an eager step in the right direction. John McCain is a step on shifting sands.

    June 9, 2008 08:46 am at 8:46 am |
  19. Republicans to blame

    They voted for Bush & Co, they get what they deserve.


    June 9, 2008 08:47 am at 8:47 am |
  20. Democrats 08!

    Well as I read in another post that "We can afford to deal with McCain for four years". Really you CAN afford? Because with gas at $4 a gallon and 1 million homes in foreclosure, 18 Americans being killed in Iraq this past week, we can afford to vote our hurt feelings and not policies. Screw all this "his supporters are mean" stuff, because you are talking about people on BLOGS. Obama has just as many (if not more if you actually count all 50 States). You talk about how people are disrespectful to Clinton, what about the people on here who call us Obama supporters "Kool-aid drinkers, Obamites, Obambis, Obamabots"? What about calling the MAJORITY of the party dillusional and we're so brainwashed by hope and change? Obviously, most of us would rather have him then Clinton! She lost and though its hard, move on. You wanna be petty, that's fine, because that's all it is. But don't think if he loses she will get a run at it in 2012... not going to happen.

    June 9, 2008 08:53 am at 8:53 am |
  21. MD

    Think its bad now, wait until President Obama raises your taxes.

    June 9, 2008 08:56 am at 8:56 am |
  22. Nick

    There is only one president who can meet those two challenges, as he has shown judgment on Iraq early on and because the Dems have always been the party for the economy (cf. Prez Clinton).

    His name is BARACK OBAMA!

    June 9, 2008 08:58 am at 8:58 am |
  23. VA Dem

    The stock market isn't doing awful, but the economy is hurting pretty good – home foreclosures, food prices, and gas prices. Foreclosures aren't necessarily the economy's fault, though. Many Americans simply bought houses they couldn't afford with adjustable-rate mortgages...that's just asking for financial pain. Food prices are hurting partially because of strain on the economy due to the stuff going on overseas, but hopefully these storms will recharge soils for boosted production next harvest, albeit unfortunately at the expense of lives lost it seems. The only answer to gas is that we're too reliant on foreign oil for gasoline. Not only that, but we've done a good job severing what used to be good relationships with foreign oil exporters. Gas in Venezuela is around $0.15/gal, with Egypt, Nigeria, Saudi Arabia, and Kuwait rounding out the sub-$1/gal countries. We need to get our foreign relations back on track so we can get our gas prices back down between $1-$2. It'll be a long time before that happens, though.

    June 9, 2008 08:58 am at 8:58 am |
  24. martin

    duh! thank you,republicans,for destroying our economy.i hope you become extinct.

    June 9, 2008 08:59 am at 8:59 am |
  25. tpipe Owosso MI

    I am fairly sure that this can all be blamed on Bush, although it seemed that two years ago the Dems won control of the House and Senate. Where are all the changes they promised or is what they were talking about?
    I can't wait for all the Libs to respond and tell me that it takes longer than two years to effect the economy, but before you do remember that your icon Bill handed Bush an economy that was heading on a downword trend and still is your hero.

    June 9, 2008 08:59 am at 8:59 am |
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