Washington (CNN) - Economic fears are not diminishing. More than eight in 10 Americans think the economy is in another recession, according to a new CNN/ORC poll. One-third of those surveyed think it’s serious.
While the country isn’t technically in a recession because the economy hasn’t experienced two straight quarters of negative growth, the poll’s results highlight the importance of President Barack Obama’s jobs speech next Thursday night.
Full results (pdf)
Americans have “a bad case of economic jitters,” according to CNN Polling Director Keating Holland.
About two-thirds think the president should focus more on creating jobs right now, even if it means less deficit reduction.
Don’t expect Republicans to stop demanding more budget cuts though. Almost half of GOPers surveyed say deficit reduction is just as important as creating more jobs, including those who identify themselves as tea party supporters.
Democrats strongly disagree. Eighty-three percent want the president to focus more on job growth, and two-thirds of independents say the same.
This could hint at the president’s economic plan as he campaigns for re-election. With only 34% of Americans approving of the way he is handling the economy, according to a CNN/ORC Poll released earlier this week, job creation could help the president solidify his party’s eroding support, while bringing in key independent voters.
The CNN/ORC International Poll was conducted August 24-25, with 1,017 adult Americans questioned by telephone. The survey's overall sampling error is plus or minus 3 percentage points.