CNN: 48% believe a Great Depression is coming within a year

Hotair ^ | 06/08/2011 | Ed Morrissey

[SeekAndFind]

Alternate headline: Great Depression worries go mainstream. I guess we can count Barack Obama among the 51% who aren’t worried about it, since he’s not even worrying about a double-dip recession. CNN’s latest poll shows an almost even split between Americans who expect a big collapse within a year, and, er, Americans who aren’t quite as worried about it:

President Barack Obama’s overall approval rating has dropped below 50 percent as a growing number of Americans worry that the U.S. is likely to slip into another Great Depression within the next 12 months, according to a new national poll.

The three-point difference makes this a dead heat within the margin of error. Moreover, this is the most pessimistic survey result we’ve seen on the subject. In 2008, only 38% expected another Great Depression, which rose to 41% in 2009 shortly after Obama took office. In the two years of the Obamanomics recovery, it’s jumped seven points — which shows just how effective people believe Obamanomics to be.

His Osama bin Laden bounce has dissipated, CNN’s analysis concludes, especially among Republicans. Two weeks ago, 27% of Republicans approved of his performance, but that’s been cut almost in half to 14%. Independents have also started peeling away, with a five point drop in the same period from 47% to 42%. His overall approval rating dropped from 54/48 — apparently a math-challenged result in May from CNN that adds up to 102%, so I’m guessing that’s a typo for 54/46 — to 48/48 today.

CNN doesn’t break down approval ratings on the issues for Obama in this release (nor its sample breakdown, for that matter), but they did poll on which issues matter most to those voting for President in 2012. The ratings for “extremely important” show 51% selecting that option for the economy, followed by a tie at 45% between unemployment and health care. If 51% of people think that the economy is extremely important for their vote and 48% think we’re going to enter a Great Depression before they have a chance to cast it, that’s not exactly going to bode well for Obama’s re-election chances.

Maybe he needs to worry a little more about the economic backslide, or at least acknowledge it.

[OB1kNOb]

Brother can you spare a pre-1965 silver dime. (Updated for 2011.)

[melancholy]

Melancholy, I promise I will ping you no more! (today)

That's not nice! I protest!

Depression ties in with urban mayhem.

This can be cured by going to the range near you.

[SeekAndFind]

[FreeKeys]

.....and Obuggery will get the blame.

Wrong. Soros will crash the markets at such a time as the LLM (lying liberal media) will be on board to blame the Republicans. Perhaps when no deal is reached to raise the debt ceiling, for example.

Which reminds me: please consider calling your congress critters and asking them to pass a resolution prioritizing expenditures if the debt ceiling is NOT raised, starting with debt service including interest payments, social security and Medicare. Otherwise you know darn well they'll get away with deliberately hurting people (and the economy) and blaming the Republicans. These are truly evil bastards we have here.

[redgolum]

Been here for a while now. Started under Bush, but he played kick the can for a year or so.

[Kartographer]

Brother can you spare a C-note?

[Buckeye McFrog]

We’re trending down, and Obama is ideologically incapable of any reversal of course. Hard to fault their logic.

[LibLieSlayer]

67 Trillion in unfunded mandates and 15 Trillion in debt... it will not go on much longer.

LLS

[Arrowhead1952]

So.....at the gas station, saw a guy with an 0bama sticker on his car.

So....I asked him, "What are you doing that you are so much better of than you were 3 years ago?"

Talk about pissing on a rattlesnake!

Not many obummer stickers around Austin any more. We see a few here and there, but most are history.

I have a magnetic sticker I put on my pickup that says:

Are you better off than
you were before Jan 2009?

I get a lot of thumbs up from fellow commuters.

[Taffini]

bump Prepare

[familyop]

There will be a QE3 or some kind of monetization. Government won’t shrink willingly.

[familyop]

People in “developing” countries continue to use more fuel each year, BTW, so oil prices aren’t down much at all, either. One good outcome for the summer: quieter highways with very few RVs on them.

[MikeSteelBe]

To The Tune Of “Ballrom Blitz” By Sweet:

BARACKOLYPSE

Life is getting so hard
living without things
that make us free.
And the world is getting so strange
I’d like to tell you everything I see.

I see the prez named Barack.
As a matter of fact he’s
as commie red as they come.
And AG Eric Holder
black power enforcer,
He thinks he’s an
untouchable one.

(chorus 1)
Oh yeah it was like lightning
everybody was frightening
And the music was soothing
and they all started grooving
Yeah yeah yeah yeah yeah

(chorus 2)
And the prez named Barack said
“Everyone attack” and it turned
into Barackolypse!
Glenn Beck the commentator said
“Boy I wanna warn ya it’ll
turn into Barackolypse!”

Barackolypse (4X)

I miss the Constitution.
Ignoring it is all they ever do.
When fascism takes over,
apparently there’s nothing left to do.

Now the prez named Barack
is ready to crack as his
teleprompter gets fried.
Glenn Beck the commentator
is everyone’s hater.
He could kill you with
a wink of his eye.

Oh yes it was electric
so frightfully hectic.
And the world stopped banking,
beccause the economy’s tanking.

Yeah yeah yeah yeah yeah

(chorus 2)

(instrumental)

(chorus1)

(chorus 2)

Barackolypse (4X)

It’s it’s Barackolypse (4x)