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Most Americans Believe Country Is In Recession, A Recent Poll Reveals

September 30, 2010 by  

Most Americans believe country is in recession, a recent poll reveals A recent survey has found that nearly three-fourths of Americans believe that the United States is still in a recession.

According to a CNN/Opinion Research Corporation Poll, approximately 74 percent of those surveyed said the economy is still in a recession, while 25 percent said the slump is over. Perhaps a sign that Americans may be gaining confidence, the percentage who believe the U.S. has not yet recovered from its economic woes is 13 points lower than in an August poll.

Last week, the National Bureau of Economic Research released a statement that indicated that the recession technically began in December 2007 and ended in June 2009. It was also the deepest downturn for the economy since the Great Depression.

According to a recent Economic Letter released by the Federal Reserve Bank of San Francisco (FRBSF), the likelihood of a double-dip recession is estimated to be 50 percent. Whether the economy tanks again or not, the FRBSF said that the recovery process is going to be sluggish.

"Conventional wisdom holds that severe recessions are typically followed by rapid recoveries," the letter read. "But more than a year after the end of the most severe recession since 1947, the recovery is proceeding at a tepid pace."

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  • s c

    Most people will tell you that if 75% of the people are convinced about something, they just might know what they’re talking about. In this case, we have a ‘leader’ who thinks he can do everything “his way,” and I have no reason to give him any benefit of the doubt.
    Consequently, unless or until I learn otherwise, this, folks, is truly a recession we can believe in. This prez can believe whatever he wants. It’s
    probably the only talent he’ll ever have.

    • 45caliber

      sc:

      Hey, he’s the leader and HE WON! Of course he knows better than the rest of us what is best for us! Just ask him. He will tell you he does!

  • J.M.R.

    THE RECESSON HAS NOT ENDED JUST MORE LIBERAL LIES SO THEY CAN HOPE TO HOLD ON IN NOVEMBER, DOWN WITH THE LYING LIBERALS.

    • eddie47d

      Recessions and when a recession ends is determined by many factors such as stability and GDP.It’s figured the same way whether either party is in office. You have to have so many consecutive quarters of growth which has been done. Is the economy growing ,yes. Is it all good news,hardly.

  • Robin from Arcadia, IN

    How sad that our government lies all the time! Maybe it will never happen, but wouldn’t it be nice to be able to believe everything they tell us? Also, it would sure be great if common sense attacks would happen to this administration.

    Remember in November!

    • Norm

      Robin from Arcadia, IN

      Remember that not getting what you want is sometimes a wonderful stroke of luck.
      The Dalai Lama

      • 45caliber

        Oh? Does that mean you believe it is important that the government should lie to us and that no one there has any common sense???

        If it is, I’d hate to see what kind of government you really think we should have!!!

      • http://naver samurai

        As adults we make decisions every day. You come to a fork in the road, you can go left or go right, the choice is yours. But whatever you decide to to you must hold yourself 100% accountable for everything you do or say, etc., and you must also be willing to accept any repercussions that come back on you because of your decisions. Since Obama bin Laden doesn’t believe in doing these simple beliefs, then he’s not the right man for the job. Also, a leader is required to know his situation and evaluate himself at all times. It seems he can’t do that either. Norm you had to quote the Dhali Lama, fine. Why couldn’t you find an American who would support what you are saying? If you want that kind of government, I hear Iran, Cuba, and North Korea are nice this time of year and you can go to live there.
        FOR GOD AND COUNTRY!

  • http://bellsouth.net marcy

    I live in South Florida. We still have a large amout of foreclosures, people out of work, and students with an 8th grade education. To me if it wasn’t for unemployment, food stamps, food banks and medicaid it would be called a depression.
    I am still working and do my best to help out. I donate to almost all the animal organizations. I hire handymen, lawn men, and try to pay them a fair wage for the job. However some of the handy men want me to pay them $50.00 an hour. I do not manke $50.00 an hour and I am a Registered Nurse.

    • Bob

      Marcy It is still a depression. The MSM tries to convince people it is only a recession knowing most will believe them.

  • http://gmail i41

    That is what you get when a book trained marxist muslim moron macaroon who feeds onstop lies to the citizens. He doesn’t have a clue what reality is. When you look at all of his advisers he surrounds himself with, it doesn’t take a brains surgeon to reach the conclusion this idoit has never had a job, worked as a business owner, or done anything in life. But scam the systems programs all of his life. His marxist communist beleifs go counter grain what has worked for decades in the USA, as he try to employ total government control over everything. Government jobs a joke and there is a lot of srupid citizens that think is growing the economy. A government job costs taxpayers on the average $120,000, in real world the same job citizen makes $50,000. Government job cost taxpayers $100,000, real world job taxpayer gets back $15,000, no taxpayers money spent. The government job cost taxpayers to create the postitions, real word jobs some one putting their money and hope to creat something productive, Governemnt job usually is to impede production in ever phase of producing something. The idea government jobs are cost effective, is B–l s–t, but there is a lot of over educated and well as the bottum feeders that cann’t grasp the facts or understand a few facts.

  • patrick

    Wow, do we really believe Obammy boy and his crew of crooked czars? NO!!! What Obammy boy has done was a crime: stolen property. Obammy had his idiots say that there was/is no inflation, then he puts a hold on Social Security cost of living raises for 2 years. Just ask anyone anywhere if gas, food, taxes, insurance, entertainment, clothing, cigarettes, alcohol, or just about any products we buy if the price has stayed the same? NO! everything has increased, How can Obammy get away with these crimes? Of course with the billions saved by no SS increases, he then sends our money to the Unions, Muslims, terrorists, Acorn, Black Panthers, community organizations, communists, Jhadists, etc. Do you not see what is happening in our great country? Since we don’t have a criminal conviction or an impeachment proceeding at this time, we are simply left with the only means of change…. vote them all out of office in NOV. 2010.

  • Steve Dolyniuk

    Patrick; I agree with you 100% Obama, the ILLEGAL, Anti-American in the Presidents Office, along with the help of Pelosi, Reid, & others are sending the USA down the tubes as fast as they can. The only groups that have benefited are the banks, Unions,& Congress. They all got more money, while everyone else had to bite the bullet.

  • Patriot007

    Lincoln once said,”You can fool some of the people some of the time and all of the people some of the time but you can’t fool all of the people all of the time.” Obama is basically dishonest and follows the practice of saying it loud enough and long enough that people will forget the truth just to stop the argument. How are the job opportunities? Are people gwetting raises or promotions because of expansion? People see these things. These lying Politicians through their professional promoters in the media need to have their wings clipped for being dishonest and should be subjected to the same Judicial rigors that they use to curtail religious freedom. If in fact our country is in the toilet, they are the stuff that floats on top!

    • 45caliber

      Sorry, it wasn’t Lincoln that said that. It was P.T. Barnum of Barnum and Bailey Circus fame.

      • http://naver samurai

        Right on, fellow patriot!

      • Bob

        Barnum actually said you can fool some of the people all of the time and all of the people some of the time but not all of the people all of the time.

    • 45caliber

      The actual quote was: ”You can fool some of the people ALL of the time and all of the people some of the time but you can’t fool all of the people all of the time.”

      • http://naver samurai

        Again, right on, fellow patriot!

  • alpha-lemming

    Question…. Concerning those historic “rapid recoveries following severe depressions”…. Do we have any precedent for recoveries in which government spending is approaching 50% of GDP?

    As loathe as I am to being the “turd in the punch-bowl”… wasn’t the USSR in a severe depression just before they became a foot-note in the history books?

  • TIME

    WOW, now only 74% think we are in a recession, well that explains just how stupid many are, we passed recession a long time ago that was just before we hit “DEPERSSION.”

    But hey what ever floats the media’s boats.

  • http://GOGGLE vaksal

    ITS only starting,better start victory gardens in the back yard,dug up your lawns plant foods that will grow on your areas,take out the fancy shrubs in the yard plant fruit trees,and stop spending the little money that means the differance between life and losing your home,when the boys and girls that caused this mess try to sell the lie that everything is getting better,the gardens will tell it all,better than news,then how can they hide the truth,when gardens pop up all over the nation,they will look like liars,to the whole population here and to the world,then let them try to sell the (NEW WORLD ORDER) to anyone,better than bullets and better than protesting,more ways to skin a cat,a little sweat goes a real long way,in november the eletions will tell the story,i am voting tea party ,why? sick of the mess.

  • 45caliber

    I’m sure the results of this poll have nothing to do with the fact that the recession is still going on. After all, Oblama said it was over. I’m sure it is just a misunderstanding by those questioned.

  • http://GOGGLE vaksal

    TO;bob livingston first i want to say thank so much for having this site,it has given people that still believe in the UNITED STATES CONSTITUTION AND BILL OF RIGHTS,a place to state what they think,but like every person,including myself,mistakes are made when we get off the mark,the article at hand,myself i sometimes go to the extreme,but thank you again bob.hopefully the nation can be saved.

  • http://www.facebook.com Magee,Robert H.O.

    I disagree completely. During recession people from the neighborhood I serve came into the a convenience store with lots and lots of loose change. When the economy started getting better neighborhood residents came in with notes of ten, twenty and fifty.

    Now we regularly see a note of $100 even into the night. The very reason why I think the recession issue is over. The trend will indicate that people have confidence on the economy and their earnings are trickling in.

    Cutting tax for middle class will seal it up the economy is headed towards recovery is the Common Wisdom we can all share without sykepticism. It is no rocket science to have such an observation.

  • http://none D

    If people in this country want the recession to end, they need to start buying. If they want more jobs in the USA then they need to start buying USA made products. You can’t continue to send your dollars out of this country and expect jobs to grow here!Look at the industries we have lost in America.When you purchase goods from China, you support a Communist country. China is actually buying more and more of American companies and the American people are giving them the power to do this.We need laws in this country about how much any one country can import to us.We need a law that states the USA government can only spend taxpayers money on USA made goods.Instead of giving other countries our money the government should purchase USA goods and send those to the other countries.We cannot continue to support companies that end USA jobs and move to China or any other countries so they can avoid paying good wages and increase the profits of the already rich. We need to BUY AMERICAN products to get our country back. WAKE UP AMERICA! PUT AMERICANS BACK TO WORK!

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