1/19: Turning the Economic Corner? Majority Predict Better Economic Days Ahead

January 19, 2011 by  
Filed under Featured, Money, Money Vault, State of the Economy

Could the worst of the nation’s economic woes be over?  That’s the view of a majority of Americans.  According to this national Marist Poll, 54% of adults believe, when thinking about the U.S. economy, the worst is behind us.  39%, however, say the worst is yet to come, and 7% are unsure.  These findings are in stark contrast to Marist’s poll just last month.  In that December survey, a majority — 53% — thought more bad news was on the economic horizon, and 39% reported the worst had passed.  Eight percent, at the time, were unsure.

©istockphoto.com/AlexKalina

©istockphoto.com/AlexKalina

Click Here for Complete January 19, 2011 USA Poll Release and Tables

“Americans are beginning to see the light at the end of the economic tunnel,” says Dr. Lee M. Miringoff, Director of The Marist College Institute for Public Opinion.  ”But, they still think there’s a long way to go.”

Most Democrats — 74% — and a majority of independents — 58% — state the worst of the country’s troubling economic times are behind us.  Although a majority of Republicans — 52% — still see difficult times ahead, 43% are positive about the country’s economic future.

Table: U.S. Economy – Will It Get Worse?
Table: U.S. Economy – Will It Get Worse? (Over Time)

Trend graph: Will economy get better or worse?

Click on the graph to enlarge the image.

Recession a Reality in Americans’ Minds

Despite Americans’ views about the future of the U.S. economy, more than seven in ten U.S. residents still believe the nation is in a recession.  71% have this opinion while 24% do not.  Only 5% are unsure.  There has been a slight change on this question.  When Marist last asked it in December, 79% thought the country was in a recession while 19% said it was not.  Two percent, at that time, were unsure.

Table: U.S. in a Recession

Fewer Voters Disapprove of Obama’s Handling of the Economy

President Obama is receiving a boost from voters’ more positive views toward the future of the economy.  While voters nationally divide about the president’s handling of the economy, fewer now disapprove of Mr. Obama’s approach when compared with Marist’s late November survey.  Currently, 48% disapprove of the way Mr. Obama is dealing with the economy while 44% approve.  Eight percent are unsure.  In Marist’s previous survey, a majority — 55% — disapproved, 42% approved, and 4% were unsure.

Not surprisingly, 60% of voters who believe the worst of the nation’s economic conditions are behind us approve of the president’s handling of the economy while 75% of those who think there is more bad economic news in the future disapprove of his performance on this issue.

Americans still don’t blame President Obama for the country’s economic troubles.  63% of registered voters think Mr. Obama inherited them from his predecessor while 25% believe they are a result of his own policies.  12% are unsure.  When Marist last reported on this question in its November 29th survey, similar proportions held these views.  65% thought the president inherited the nation’s economic conditions while 28% attributed them to the president’s policies.  Eight percent were unsure.

Table: Handling of the Economy
Table: Handling of the Economy Over Time

Trend graph: Obama's handling of the economy.

Click on the graph to enlarge the image.

Table: Current Economic Conditions Inherited
Table: Current Economic Conditions Inherited Over Time

Trend graph: Did Obama inherit current economic conditions?

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Marist Poll Methodology

Comments

2 Responses to “1/19: Turning the Economic Corner? Majority Predict Better Economic Days Ahead”

  1. How the Smartest President Ever Becomes a One-Term President « Cliftonchadwick's Blog on April 28th, 2011 10:35 pm

    [...] Marist last reported this question in January, voters divided.  At that time, 44% approved of how the president dealt with the economy while 48% [...]

  2. Obama’s Handling of the Economy at All-Time Low | Top News Headlines | Uncensored Truth on May 2nd, 2011 2:35 am

    [...] Marist last reported this question in January, voters divided. At that time, 44% approved of how the president dealt with the economy [...]

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