CNN Poll: Nearly three-fourths say recession not over
Washington (CNN) - Economic experts may believe the recession is over, but try telling that to the public.
Seventy-four percent of Americans believe the economy is still in a recession, according to a new CNN/Opinion Research Corporation poll. Only 25 percent think the downturn is over.
One-third of Americans say the recession is serious, while another 29 percent characterize it as moderate.
One small cause for optimism: the percentage of Americans who say the country is in a recession has dropped 13 points since August.
The National Bureau of Economic Research, an independent group of economists, released a September 20 statement indicating the recession technically ended in June 2009. The dip began in December 2007 - making it the longest and deepest downturn for the U.S. economy since the Great Depression.
Administration officials, while sounding guardedly optimistic about overall trends, have repeatedly expressed concern for those impacted by the sluggish economy.
"Obviously, for the millions of people who are still out of work, people who have seen their home values decline, people who are struggling to pay the bills day to day, [the recession is] still very real for them," President Barack Obama said last week.
The public appears split over the effectiveness of Obama's economic policies. Forty-seven percent of Americans believe the president's policies either have helped boost the economy or will make it better in the future. Forty-eight percent believe Obama's policies will never help improve the economy.
The CNN/Opinion Research Corporation poll was conducted September 21-23, with 1,010 adult Americans questioned by telephone. The survey's overall sampling error is plus or minus three percentage points.
- CNN's Keating Holland and Chris Isidore contributed to this report.
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Did anybody ask the people what the definition of a recession is? I doubt they would know? It is over by definition!
2007 my hours cut, 2008 I lost job it was hard no one hiring. Lost assets one by one
2009 February change my career. I got two jobs working 16hrs a day 2010 I bought a house (thanks to Obama first time home owner tax credit) I regain what I lost in 2008
Recession is over we live in America better place to live this nation never let you down if we work hard
There are jobs some don’t want to work so don’t blame the Government
The recession is not over, the policies of an inept, incompetent, corrupt, union toady administration and congress have lengthened it. Heres the deal you can't give a trillion dollars of tax money to corrupt union bosses and left wing nut organizations as payback for stolen and corrupt elections ( see stories about the SEIU involvement in Houston on FOX), steal more money for dope smoking, non working, Oprah watching, NEA educated losers health care and expect to cure a problem that was created by the Democrat liberal congress when they took power in January, 2007. Unfortunatelyl, we are stuck with the corrupt president until 2012 (although I am sure there is plenty of grounds for impeachment that should be explored) but, we can get rid of these arrogant, racist, bigoted dogs we have in Congress this year, and we will get rid of many of them.
Clwyd:
Yes little people are so dumb they don't know the definition of recession. All they know is they can't find jobs. 401k accounts are half of what they were. They can't think of retirement with no pension and reduced social security benefits.
Hey but there's good news out there. CitiBank is giving their execs a raise. God bless America and capitalism. Of course that capitalism only applies to us little people. Socialism is the name of the game for corporate America,with all their tax cuts, tax shelters, bailouts, etc. And the rich just keep on getting richer, and people keep voting for the people who represent only the monied interests. God are we dumb.
The Progressive Democrat party and their allies in the information corps (i.e. CNN, NPR, MSNBC) have tried to CONVIENCE us that its over. But it aint. We were raped by you people in the name of Health Care, bailouts, unions bribes, ad naseum. We are not going to let you do it again. November 2nd approaches. The PDs, CNN and other vicious anti-American entities will be flushed down the toilet of history at that time.
Forty-eight percent believe Obama's policies will never help improve the economy.
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Americans are wising up. The great promises by Obama and his team of expert economic advisors were never met. America met it's part of the deal ( wether we wanted to or not! ) by funding their lavish huge government programs. It turns out these programs of stimulus, investment and bailouts were based more on political gamesmanship than sound economic principles. The Republican economic platform is based on real world economics, not political gamesmanship.
These repugs and bagger dont care nothing about facts. All they revert to is name calling and kindergarden rederic. They would never accept that a black man brought back the country from the abiss in such a short time after taking office. He saturated the economy with money so that all the corporations that went belly up can get directly and indirectly help. They started making billions of dollas after that and rejected the tax payers that bailed them out by holding their money on the side and wont put the people back to work. Now the repugs want them to get more tax break money to support china, like theyve been doing depleting and bankrupting the country for ten years of the bush tax cut. Their might not be aother obama to save you all next time.
While filthy rich Democrat millionaires and billionaires tell us that the recession is over, the economy is booming and that we should all do more with less, the rest of us are broke, unemployed, or on the battlefield.