Poll shows economic worries similar to 1992

[brooklynite]

Source: CNN

A new survey from CNN and the Opinion Research Corporation suggests Americans are nearly as pessimistic now about the state of the economy as they were in 1992 — the year Bill Clinton defeated then-President George H. W. Bush by running a campaign focused largely on America's economic woes. (More from CNNMoney.com)

According to the new poll, three-quarters of all Americans think the country is going through a recession, and a majority thinks it will last at least a year. Close to a quarter of Americans expect it to last more than two years.

Read full poll results

The technical definition of a recession is two or more quarters of negative economic growth. This has yet to happen, though many notable economists, including former Federal Reserve Chairman Alan Greenspan, have said an actual recession is likely. Other economists say factors including skyrocketing gas and energy prices, six consecutive months of job losses, and the rise of home foreclosures have led to the worst economic conditions during a presidential election since perhaps 1980.

Americans' views toward the economy are similar to those 16 years ago, when the country experienced an official recession and voters largely blamed former President Bush at the ballot box. In a CNN/USA Today/Gallup poll taken two months before the 1992 election, just under 80 percent of Americans said the country was a in a recession.

Read more: http://politicalticker.blogs.cnn.com/

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Be afraid, John. Be very afraid...

[DJ13]

1. I think the MSM keeps comparing now to 1992 so it doesnt sound so bad

After all, we all know things turned around very suddenly after the 92 recession, so it makes our current economy sound less dire.

But thats a lie, it IS dire, with long term consequences that we havent faced since the great depression.

[Tempest]

2. I've been saying this all along

While pundits talk about Dukakis' polling lead on Bush Sr., and losing it, this is more like the 1992 race.

[sshan2525]

3. Wishful thinking.....

We're in for a lot worse than what happened in the early 90's.

[MasonJar]

4. looks like W is following in the old man's footprints, no matter how much

he tries not to. I love it.

[northernlights]

5. not so much not following poppy's footsteps

as outdoing him at everything.

His Iraq war is bigger, badder, more expensive, more everything that poppy's was.

His spying was bigger, badder, worser than poppy's was.

His recession will be bigger, badder, more disastrous, more everything than poppy's. He's gone all out for this one. He's trying to beat Hoover too.

[Acadia Blue]

6. imho the situation is infinitely worse that 1992

[Phred42]

7. TRY... SIMILAR TO 1929 !

They must have misprinted the last two digits.