posted on April 26, 2005 07:46:45 PM new
April 26, 2005
Economic Indicators Continue Downward Slide
Rising gas/oil prices appear major factor in recent decline
by David W. Moore
GALLUP NEWS SERVICE
PRINCETON, NJ -- The latest Gallup survey finds Americans to be the most pessimistic they have been in two years about where the economy is headed. Today, 61% say the economy is getting worse, while just 31% say better -- a net negative 30 percentage points. That is the worst rating since early March 2003 -- just prior to the beginning of the war in Iraq -- when Americans gave the economy a net negative rating of 44 points, with 67% saying the economy was getting worse and only 23% saying better.
On another economic measure, Americans are not quite so pessimistic, with 31% rating the current economy as excellent or good and 24% as poor -- a net positive of seven percentage points, a point less than last month's rating. Earlier this month, public sentiment appeared to improve slightly, as the net positive moved up to 14 points in the April 4-7 survey, only to fall back in the latest survey.
The current rating is the least optimistic since May of last year, when 29% of Americans said the economy was either excellent or good, and 27% said poor.
The lower ratings these past two months appear to be fueled principally by public concerns about higher gas prices. Again this month, the public identifies the top two economic problems facing the country as oil/gas prices and unemployment/jobs. The latter has been at the top of the list for the past several months, but the problem of higher fuel and oil prices jumped to the top last month and remains there now.
posted on April 27, 2005 04:16:23 AM new
Hey Bear, "its the economy stupid".
Today, 61% say the economy is getting worse, while just 31% say better -- a net negative 30 percentage points. That is the worst rating since early March 2003 -- just prior to the beginning of the war in Iraq -- when Americans gave the economy a net negative rating of 44 points, with 67% saying the economy was getting worse and only 23% saying better.
AMERICANS ARE BECOMING MORE INVOLVED AND INFORMED.
posted on April 27, 2005 05:51:45 AM new
lol ron
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Baseball season has started,but they have it all wrong.3 strikes and you're out,4 balls you walk.I can tell you right now a man with 4 balls could not possibly walk
