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America's Economic Mood: Gloomy
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Contributor | RP |
Last Edited | RP Aug 02, 2007 02:50pm |
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Category | Poll |
Media | Newspaper - Wall Street Journal |
News Date | Thursday, August 2, 2007 08:00:00 PM UTC0:0 |
Description | Americans are feeling decidedly sour about the economy and those in charge of it, fueling Democratic efforts to target business interests in the 2008 election campaign.
More than two-thirds of Americans believe the U.S. economy is either in recession now or will be in the next year, a new Wall Street Journal/NBC News poll shows. That assessment comes despite the fact the economy has experienced sustained growth with low inflation and unemployment and generally rising stock values ever since the recession that ended early in President Bush's tenure.
In addition, the poll shows a lack of confidence in economic leaders. That includes not just Mr. Bush and Congress, both of whom have the approval of fewer than one-third of all Americans, but the financial industry, large corporations in general and energy, drug and insurance companies in particular. |
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