Two new polls show economic worries ahead of midterms
Two new surveys released on Friday show that the public's view of the economy remains negative despite progress made by the Obama administration. The findings could spell trouble for Democrats running in the mid-term elections.
A Thompson Reuters/University of Michigan survey found that a majority of consumers believe that the economy has recently weakened and have rising concerns about long-term economic prospects.
"Confidence in government economic policies has fallen to the lowest level since the closing months of the Bush presidency, with just 11 percent of consumers holding favorable evaluations of Obama's policies," researcher Richard Curbin wrote in the report.
A Bloomberg National Poll found that likely voters in the Nov. 2 elections believe the economy is shrinking even though the recession ended in June 2009 and the economy has grown 3 percent over the past year.
"The public view of the economy is at odds with the facts, and the blame has to go to the Democrats," said J. Ann Selzer, president of the firm that conducted the survey. "It does not matter much if you make change if you do not communicate change."
The two new surveys paint a picture of economic anxiety that is consistent with a Washington Post poll released on Wednesday that found that just over half of Americans worry about making their next mortgage or rent payments.
Ariana Eunjung Cha
| October 29, 2010; 12:49 PM ET
Categories: 2010 Elections, U.S. Economy
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