Thursday, July 17, 2008

Reuters/Zogby Index Slips As Economic Worries Grow

Survey shows just 10% give U.S. economic policy a positive rating; Three in four believe the nation is headed on the wrong track

UTICA, New York – Likely voters are increasingly dissatisfied with U.S. economic policy as worries about inflation and a slowing U.S. economy leave Americans in a dismal mood, a new Reuters/Zogby poll shows.

The Reuters/Zogby Index, which measures American confidence, has fallen slightly to 88.7, down from 90.4 in June, and continues to remain just above the all-time low of 87.7 it hit in March. The Reuters/Zogby Index includes 10 poll questions that gauge perception of the state of the country and the economy. The telephone survey of 1,039 likely voters nationwide was conducted July 9-13, 2008. It carries a margin of error of +/- 3.1 percentage points.

 

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Reuters/Zogby Index

88.7

90.4

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95.5

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97.3

94.9

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Nine in 10 likely voters dissatisfied with U.S. economic policy

Dissatisfaction with U.S. economic policy continues to increase, with 89% who now view the nation's economic policy as fair or poor, up from 84% who said the same last month – 55% now give U.S. economic policy a "poor" rating. The vast majority of Democrats (96%) and political independents (91%) have a negative view of the nation's economic policy, while 80% of Republicans now share those feelings, an increase from 71% who said the same in June.

Likely voters also maintain their pessimistic views about the direction in which the country is headed, with 73% who believe the nation is on the wrong track, compared to 74% who said the same in June. Democrats are most likely to take a negative view of the country's direction, with 84% who now say the U.S. is on the wrong track, a slight decrease from 86% who said the same in June. The vast majority of independents take a similar view, with 82% who said the country is on the wrong track, falling from 86% who said the same last month. More than half of Republicans now believe the nation is headed on the wrong track (55%), up from 51% in June.

http://www.zogby.com/news/ReadNews.dbm?ID=1528

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