Skip to: Content
Skip to: Site Navigation
Skip to: Search

July 24, 2008 11:07:10 PM CDT

Learn about Newser Points »

« Back to the grid | Next story »

Americans Glummer on Economy

Posted Dec 5, 07 2:14 PM CST in US,  Business 

(Newser) – More than half of Americans think the economy is performing poorly, and 71% predict a recession within the year, a new Bloomberg/Los Angeles Times poll shows. Energy prices in particular are contributing to the grim outlook and cautious spending, Bloomberg reports. "I probably will spend less this year because it's a good time to be conservative," one Virginian says.

The survey found widespread support for a mandatory freeze on subprime rates, such as one proposed by Hillary Clinton—and expected tomorrow from President Bush. Respondents also said Democrats would be better than Republicans at getting the country out of a recession, by 45% to 30%, Bloomberg reports. "If Bush is a Republican, then I trust Democrats to get the economy going,'' one mother says.

Source Bloomberg

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • On Running Mate, Obama Can Jog, Mac Should Sprint

    Jul 9, 08 4:14 PM CDT
    On Running Mate, Obama Can Jog, Mac Should Sprint Timing the unveiling of one's running mate is a crucial publicity challenge, David Von Drehle writes in Time—and John McCain would be best served by playing his card soon, while Barack Obama should keep his ace up his sleeve. Obama could run into trouble from rabid Hillary Clinton fans at the Democratic convention, and might need “to hold a headline in reserve." More »

  • (MS)NBC Generates, Draws Heat

    May 27, 08 10:40 AM CDT
    (MS)NBC Generates, Draws Heat MSNBC's recent success is a thorn in the side of its competitors, the politicians who accuse the network of bias, and an unlikely third party—NBC News. The cable network's opinionated anchors and the broadcast sibling's more traditional approach are increasingly entangled, the AP reports, and critics don't share the NBC News president's confidence that viewers can make the distinction. More »

  • Bush v. Gore 's Lessons for 2008

    May 26, 08 3:30 PM CDT
    Bush v. Gore 's Lessons for 2008 Memorial Day dates from the Civil War, but this week, thanks to HBO’s Recount, a different internecine conflict will be in the air: the 2000 election. The generally factual portrayal of the Florida snafu gets Hendrik Hertzberg of the New Yorker thinking about another hairsplitting debate over vote counting. Perhaps inevitably, he zeros in on Hillary Clinton and her claims that she's winning the popular vote over Barack Obama. More »

  • Obama Pulls Ahead of McCain by 8 Points

    May 21, 08 8:12 AM CDT
    Obama Pulls Ahead of McCain by 8 Points Barack Obama, who claimed a majority of pledged delegates last night after his win in the Oregon primary, has opened up an 8-point lead over John McCain in national polling, reports Reuters. Obama, who was tied with McCain in the Reuters/Zogby poll a month ago, also doubled, to 26 points, his lead over Hillary Clinton among Democrats. In a Clinton-McCain matchup, the two candidates are at level pegging. More »

  • Dems Furious Over Bush 'Appeasement' Zinger

    May 16, 08 6:20 AM CDT
    Dems Furious Over Bush 'Appeasement' Zinger Democrats stood shoulder-to-shoulder in fury yesterday to lash President Bush for indicating that Barack Obama is like a Nazi appeaser because he supports outreach to countries like Iran. Even Hillary Clinton leaped to her rival's defense, Reuters reports. "President Bush's comparison of any Democrat to Nazi appeasers is both offensive and outrageous," Clinton said. More »

71% predict a recession within the year.   (Getty Images)
Ellie Lento fills her vehicle with gasoline at a BJ's Wholesale Club in Colonie, NY, Wednesday, Nov. 21, 2007. A revised report due out Wednesday on November consumer sentiment is expected to show higher...   (Associated Press)
A sign advertises a reduced price for a home on the market in the Eagle Rock section of Los Angeles Tuesday, Sept. 11, 2007. Continuing weakness in the housing sector will bring the national economy to...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (1 of 2)

Tags

Hillary Clinton  • George W. Bush  • US economy  • poll


Loading...

Loading...

Today's Most Popular


Other Business Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »