Friday, April 22, 2011

Americans gloomy on economic outlook

US President Barack Obama

Source: Press TV

A newly released survey shows that Americans have become more pessimistic about the country's economic outlook since Barack Obama assumed power in 2009.

According to the joint New York Times/CBS News telephone poll released on Thursday, some 39 percent of Americans believe their country's economy is deteriorating.

About 70 percent of the 1,224 participants said the nation was moving in the wrong direction and that President Obama and Republican lawmakers have failed to share priorities for the country, AFP reported, citing the study stats.

While the number of those expressing pessimism about the economy rose by 13 percent since last month, only 23 percent said they thought the economy was making progress.

Meanwhile, 57 percent of those who contributed to the poll said they did not approve of Obama's handling of the country's economical affairs.

According to the poll, 75 percent said they also disapproved of the way the US Congress handled its job.

Respondents were equally divided on whether the president's plans of cutting the country's deficit would cut or create jobs, with each view registering a 29-percent vote. About 27 percent, however, expressed the view that the plan would not impact the country's employment status.

Congressional Republicans received a 37-percent approval rating and a 56-percent disapproval assessment. This is while 49 percent of respondents granted the Democratic Party an approval rating with 44 percent expressing disapproval of the president's party.

Obama and Congressional leaders have been witnessing a decline in their approval ratings, as the 2012 elections nears.

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