Poll: 48% Of Americans Expect Another Depression In The Next 12 Months
Public perceptions of the economy don’t always line up with actual measurements of the economy. But politically speaking, perception is all that matters, and if nearly half the country thinks we’re headed for another depression that doesn’t portend good things for the President or Democrats in 2012:
The president’s approval rating stands at 48 percent in the CNN/Opinion Research Corporation poll released Tuesday, down from 54 percent in late May in the same poll. His disapproval rate rose three points to 48 percent.
Obama’s approval among Democrats has dropped three percent to 82 percent and is dipped five percent among independents to 42 percent.
Obama’s dropping numbers come as Americans’ fears that the country is headed into another Great Depression are higher than they’ve ever been in the CNN poll. In all, 48 percent of those surveyed said another great depression is likely in the next 12 months, while 41 percent said the same in 2009 and 38 percent said so in 2008. A slight majority – 51 percent – said they don’t think the economy will plunge into a deep depression.
Of course, as negative as people are about the economy now, this could mean that even modest signs of recovery closer to the election could have an inordinate impact on a public desperate for any sign of recovery.Tags: Barack Obama, depression, Economy, jobs