comments

8 in 10 Americans: Economy is in poor shape

@CNNMoney May 9, 2011: 8:16 AM ET

NEW YORK (CNNMoney) -- More than 80% of Americans surveyed say the economy is in poor shape, with unemployment still the public's top concern, according to the latest CNN/Opinion Research Corporation survey.

Not everyone is down in the dumps. Seventeen percent of Americans say the economy is somewhat good. Only 1% say the economy is very good.

And that's pretty much the same way Americans have answered since Sept. 2008, on the eve of President Obama's election.

The reason for the dour outlook? Thirty-eight percent of respondents cited unemployment as the most important economic issue facing the country. The federal budget deficit was the second most popular answer, with 28%.

Rising gas prices (21%), mortgage and housing costs (6%) and taxes (4%) round out the top five concerns.

And where does the blame fall?

Despite the amount of time Obama has been in office, 55% of Americans say that former president George W. Bush and the Republicans are more responsible for current economic problems than Obama.

Meanwhile, only one in three say that Obama and the Democrats are more to blame. Americans answered almost exactly the same way when asked the same question in Sept. 2010.

Jobless wave puts more stimulus in play

The CNN/Opinion Research Corporation poll was conducted April 29-May 1, with 1,034 adult Americans questioned by telephone. The survey's overall sampling error is plus or minus three percentage points.

All interviews were completed before the president announced that Osama bin Laden was killed by U.S. forces in Pakistan. To top of page

Economic Calendar
Latest ReportNext Update
Home pricesAug 28
Consumer confidenceAug 28
GDPAug 29
Manufacturing (ISM)Sept 4
JobsSept 7
Inflation (CPI)Sept 14
Retail sales Sept 14
CNNMoney Sponsors

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.