July 2nd, 2009
05:30 AM ET
13 years ago

CNN Poll: Only one in eight say economic recovery underway

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/POLITICS/07/02/economy.poll/art.economy.gi.jpg caption="Americans aren't confident the economy is recovering."]WASHINGTON (CNN)– A new national poll indicates that nearly half of all Americans think the economy has stabilized, but only one in eight believe that a recovery has started. And four in ten questioned in the CNN/Opinion Research Corporation survey released Thursday morning feel the country's still in an economic downturn.

"Although polls in recent months have shown some signs of growing optimism, that appears to have stalled," says CNN Polling Director Keating Holland. "In January, 50 percent said the economy was in very poor shape; that figure dropped to 37 percent in April, but now it has risen slightly, to 41 percent."

"The prevailing view? We're in a stall," says CNN Senior Political Analyst Bill Schneider.

The poll suggests that when it comes to an economic recovery, Americans are in agreement with President Barack Obama. Discussing the economy last week at a news conference at the White House, Obama said "we're still not at actual recovery yet. So I anticipate that this is going to be a difficult, difficult year."

One in five questioned said the economic conditions in the country today are good, up nine points from March.
The economy remains the number-one issue on American minds, but that figure has dropped 12 points from March.
"When asked to name the most important issue besides the economy, Americans name health care, followed by the federal deficit and the wars in Iraq and Afghanistan," adds Holland.

The CNN/Opinion Research Corporation poll was conducted Friday through Sunday, with 1,026 adult Americans questioned by telephone. The survey's sampling error is plus or minus three percentage points.

Filed under: Poll
soundoff (71 Responses)
  1. Randy

    This cant be right Obama said we had to pass the trillion dollar stimulus to fix this. He said unemployment will not rise over 8%. Unemployemnt is almost at 10%, so in a month he is off 20%! Now this fool wants to raise everbodys taxs and pass cap and trade which will send unemployment into the teens! He is either the dumbest president to ever live, or he is actually trying to destroy capitalism like his father and preacher have called on for 40years.

    July 2, 2009 09:33 am at 9:33 am |
  2. Zora La Rousse, Lugano CH

    For the economy to be stabilizing is a positive sign that the wheels for the eventual economic recovery are in motion. I never believed that the recovery would take such a short time. I believed President Obama when he said that it would be a gradual process. There were a lot of mistakes committed by both parties during the past 8 years that needed to be addressed first. Knowing that the end of the Bush Administration was going to be quite a strain on the new administration no matter who was elected, I planned ahead, practiced a little ‘personal accountability and responsibility’ and I'm glad I did.

    July 2, 2009 09:33 am at 9:33 am |
  3. Dennis

    The so called "Stimulus" Package is going to be a drag-chute on the economy.

    July 2, 2009 09:34 am at 9:34 am |
  4. gt

    come on ... the democrats control everything .....i am afraid the change were getting is not working,,,,

    July 2, 2009 09:35 am at 9:35 am |
  5. Deborah/Kansas City

    We will not be able to get the economy into full recovery until healthcare is reformed. Only a public not for profit option can save us. The greed of the big industries can not continue to destroy everyone else and it is time for us all to insist.

    July 2, 2009 09:35 am at 9:35 am |
  6. changing my screen name to see if it helps getting my comments posted

    The most important issue besides the economy is health care, huh? Well, as a health economist I can tell you that those two issues are joined at the hip.

    July 2, 2009 09:36 am at 9:36 am |
  7. Dave in Illinois

    Wait a minute. Yesterday the President said the stimulus was working so the people's opinions on the economy and the news stories on unemployment must be wrong. Why does CNN omit that statement in favor of the more negative one last week which makes him look more reasonable.

    When will people accept that Obama promises first and then thinks, and that his thinking is decidedly to the left of the majority of people in America who pay taxes.

    July 2, 2009 09:38 am at 9:38 am |
  8. Larry

    The June job report says it all.

    July 2, 2009 09:38 am at 9:38 am |
  9. Simple Math

    CNN Polling Director Keating Holland. "In January, 50 percent said the economy was in very poor shape; that figure dropped to 37 percent in April, but now it has risen slightly, to 41 percent."

    Keat, 4 percent is not slight.

    July 2, 2009 09:39 am at 9:39 am |
  10. Debby

    So let me get this straight only one in eight say the economy recovery is under way and yet Americans are in agreement with Obama's methods. That doesn't make sense CNN.

    July 2, 2009 09:41 am at 9:41 am |
  11. carlo

    I'm not surprised at that number. It took years to get into this, and it will take years to get out. However, being the microwave nation that we are, we won't be paitent. We don't know how.

    July 2, 2009 09:45 am at 9:45 am |
  12. Right Leaning Independent

    I am sure that CNN will follow-up with another poll showing that 7 of 8 CNN bloggers polled still believe that Obama's policies were exactly what was needed to pull the country out of the current recession even though they have done nothing but increase the debt we are all going to have to begin paying back(even the folks on "Main Street")!!!!!!!!

    July 2, 2009 09:47 am at 9:47 am |
  13. Mike

    That shows that 1 in 8 are totally stupid or totally out of touch with reality.

    July 2, 2009 09:49 am at 9:49 am |
  14. Pel

    One of the key factors in the U.S. having a full recovery will be it's manufacturing base. THE LAW/S WHICH MADE IT EASY FOR COMPANIES TO SHIP JOBS OFF SHORE MUST BE VOTED DOWN BY OUR CONGRESS PEOPLE. No country can have a strong economy and be able to defend it shores by just being a service based economy. Why do yo think the south lost the civil war? They did not have a manufacturing base. Why do you think we won WW1 and WW11. We had a very good manufacturing base.

    Let get back to being a MANUFACTURING PRODUCING ECONOMY and stop being top heavy as a service economy.

    July 2, 2009 09:50 am at 9:50 am |
  15. Norm

    Not actually being what is considered "middle class" anymore, I can't say I sympathise with these people. They wouldn't require "saving" if they would learn to live within their means instead of wracking up huge credit debts for unneeded luxuries. Take some personal financial responsibility. Have half a brain to know that the criminal credit lenders are ruining your lives, not the government. There's always someone else to blame with this generation.

    July 2, 2009 10:00 am at 10:00 am |
  16. phoenix86

    That one in eight must be a government employee or a UAW member. They are the ONLY beneficiaries of the Obama economy.

    July 2, 2009 10:01 am at 10:01 am |
  17. TM in CO

    I do believe that this President said that recovery wasn't going to happen overnight. The economy has been sliding since right after 9/11. We have to give it at least a year to see any results. And keep in mind, if the President of the United States (not just Obama, but any past or furture president), we all fail.

    July 2, 2009 10:01 am at 10:01 am |
  18. skyhawkdriver

    There is no economic recovery in my state..massachusetts just raised it's state tax to 6.25 percent..gas prices are up to $2.70 a gallon..unemployment is near 10 percent..foreclosures are skyrocketing..there will be no recovery until these things are brought under control..the federal defecit has gone thru the roof..and federal taxes will go up for all of us..for some reason the state and federal governments don't seem to understand that the higher the taxes the less money the people have to spend..you can't help the recovery of the economy if you have less money to spend..without us spending money companies will continue to downsize,layoffs will continue,more people will collect unemployment..unfortunatly this is what the obumbler wants..more unemployed equals more government control..and that is socialism...socialized auto industry..socialized banks..socialized health care

    July 2, 2009 10:12 am at 10:12 am |
  19. dreamer

    Untill they put they jobs back china,mexico,and south america took by having artifiacally low wages we will suffer for the profits of the mega buck boards and other way over paid company officials.Now thats a change I would love to vote for.dems and reps don't care just look what they did to this great country.

    July 2, 2009 10:12 am at 10:12 am |
  20. Hugo

    So 1.25% of Americans polled think that the economy is recovering. Hopefully, that will be the same % of the population that votes to continue this madness in 2010 and 2012. California is bankrupt, New York Democrats just passed a 17% increase in state taxes in the dead of night for its citizens and some states have unemployment rates of up to 37%. It is all that nasty Old Bush and Cheney, they did it to our economy, right? If you were in a financial jam would you get a high interest credit card and max it out knowing you could never pay off the debt? Oh wait, that is a bad example to use for liberal Democrats. How about this one, if your neighbor worked hard and grew a garden would you invite all your friends over for a picnic while he was out and eat all of his produce and then ask everyone to spit the seeds back in his yard as thanks for his labor? If you answer yes to either of the above questions then You are why we are here!

    July 2, 2009 10:17 am at 10:17 am |
  21. LacrosseMom

    It will take time to recover from the BUSH DISASTER. We have been in deep recessions before. IF you are older you will recall the Twin Recessions of 1981 &1982! Guess who the president was? Reagan!

    President Obama took Office SIX months ago, and the jobless rate was ....... 8%........ its impossible to turn the economy around in SIX months!


    July 2, 2009 10:23 am at 10:23 am |
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