From the latest Pew poll:
The public remains doggedly downbeat about the condition of the national economy, even as many experts and economists see signs of recovery. As has been the case for most of the past two years, about nine-in-ten (88%) rate national economic conditions as only fair or poor, and over the past year there has been no decline in the percentage saying the economy will stay the same (36%) or get worse (19%) a year from now.
That must be my video talking down the economy.
Just 33% say the economic stimulus passed by Congress last year has helped the job situation and only somewhat more (42%) say the loans the federal government provided to troubled financial institutions prevented a more severe financial crisis. Less than a third (31%) says that the government has made progress in fixing the problems that caused the 2008 financial crisis.
To quote today’s Morning Jolt: “A strong case can be made that the sudden downturn in the economy in 2008 persuaded a lot of wavering voters to decide, “okay, I’ve had it with Bush, this Obama guy seems smart, let’s give him a shot.” Since taking office, Obama and his team have been misjudging the economy and offering “recovery is just around the corner!” sunshine on a regular basis. I’d contend that not only do they not know what’s just around the corner, but they don’t even have that good a handle on what’s going on now. (Did you know Ohio Democrat Marcy Kaptur called recent testimony of Tim Geithner, Christina Romer and Peter Orszag. “dismaying and out of touch”?)”
More than six-in-ten (62%) say the economic stimulus package enacted by Congress last year has not helped the job situation, while about half (49%) say the government’s loans to banks and other financial institutions did not help prevent a more severe economic crisis. Meanwhile, the public sees little government progress toward fixing the causes of the financial crisis. About four-in-ten (42%) say they see just a little progress; 25% say they see no progress at all.
Remember, Tim Kaine informed us today that Democrats would be running on their record.