Poll: 8 in 10 See US in Recession

Townhall.com ^ | September 4, 2011 | Mike Shedlock

[Kaslin]

President Obama's approval index rating is -21, the lowest ever. Obama's sinking numbers can be explained by a CNN Poll: 8 in 10 think we're in a recession

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.

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.

Definition of Recession

It's disappointing to see CNN spreading nonsense that it takes two quarters of negative growth to call a recession. Two quarters is certainly a sufficient condition, it is not a necessary condition.

Recessions are called by the NBER and nearly all them start while the economy is still growing.

Poll Results

35% say the recession is serious, 34% moderate, 13% mild. Only 18% say the country is not is recession. Click here for complete CNN poll results.

I suggest the average person has it correct.

Obama Full-Month Approval in August Falls to Lowest of His Presidency

Please consider Obama Approval Index Month-by-Month

When tracking President Obama’s job approval on a daily basis, people sometimes get so caught up in the day-to-day fluctuations that they miss the bigger picture. To look at the longer-term trends, Rasmussen Reports compiles the numbers on a full-month basis, and the results can be seen in the graphics below.

In August, the number who Strongly Approve of Obama’s job performance was at 21%. That’s down three points from 24% in July and the lowest level measured during Obama's entire presidency. The previous low was 23% reached in both April and June of this year.

Since July 2009, the number who Strongly Approved of the president’s performance has now ranged from a low of 21% to a high of 31%. By comparison, 43% Strongly Approved of Obama's performance in January 2009.

The number of voters who Strongly Disapprove of the president’s performance increased a point from July to 42% in August. The number of voters who Strongly Disapproved has ranged from 37% to 44% since July 2009.

[cc2k]

Is this "complete the headline?"

.... And the Other 2 see US in a Depression!

[television is just wrong]

we need complete titles, exerpts of articles, but for duplicate postings, the titles need to be accurate.

[Paladin2]

"the poll’s results highlight the importance of President Barack Obama’s jobs speech next Thursday night. "

Uh, actions are necessary, no more talk.

The only bold move left is resignation and the disappearance of his comrades.

[ken21]

obama will not retreat from his fdr-keynesian-progressive model.

he’ll probably propose thursday qe-3 and monies for union jobs and infrastructure.

there will be no tax cuts for small business, nor a lessening of regulations for small business.

[Riodacat]

And 2 in 10 Americans are brain dead..

[donozark]

Obama’s approval ratings are lower than whale shit in the Mariana Trench. Probably because he himself, is lower than whale shit in the Mariana Trench!

[EGPWS]

And 9 in 10 think recession is the scheduled exercise period of the day.

[BobP]

The only bold move left is resignation and the disappearance of his comrades.

--------------------------

So now we all know... 
'CHANGE' =
 ZERO Jobs
 MORE Spending
 MORE Debt
 MORE Golf
 MORE Taxes 
 MORE Welfare 
 MORE Abortions
 MORE Regulation
 MORE Government 
 MORE Speeches
 MORE Money Printing
 MORE Vacations
 MORE Porkulus
 MORE Failure
 LESS WOOD (Gibson Guitars Strung Up by Feds)

Countdown until Obama leaves Office: 503 days as of September 4, 2011.

Zer0: Read my lips: No new jobs... Let Them Eat Food Stamps.

[central_va]

Do you think the whale dung actually makes to the bottom? It probably dissolves or consumed by bacteria before getting that deep. Also, whale turds probably can’t take the pressure and implode anyway. We need a govt. study.

[central_va]

Do you think the whale dung actually makes to the bottom? It probably dissolves or consumed by bacteria before getting that deep. Also, whale turds probably can’t take the pressure and implode anyway. We need a govt. study.

[Kaslin]

You remember the old record players when the needle got stuck on the record and played the same thing over and over until you moved the needle? 0-bama is like a needle that is stuck.

[Caipirabob]

Welcome to the new “O-conomy”...

[Roccus]

You remember the old record players when the needle got stuck on the record and played the same thing over and over until you moved the needle?

I get the same thing on the new digital service my cable company (Suddenklink) forced on us. I'm guessin' someone just kicks the equipment bay to get it back in synch....maybe someone should put the boot to Zer0

[CommieCutter]

It is a depression. Krugman is calling it the ‘Lesser Depression’. I hope it stays the Lesser Depression and not become the Greater Depression.

[Kaslin]

[cranked]

DO a poll on if people believe we ever came out of the first, initial recession.....=.=

[Starboard]

“We need a govt. study.”

Yes, and lets duplicate the effort by having multiple agencies do the same thing. And then we need to find ways to regulate it. A few billion should do the trick. /sarc

[anniegetyourgun]

Count me in that group. It’s a depression.

[Starboard]

“I hope it stays the Lesser Depression and not become the Greater Depression.”

None of the underlying economic problems have been addressed yet. Brace yourself for a rough ride ahead. Things are going to get worse before they get better IMO.