Monday, September 14, 2009

Eighty Percent of Americans Rate Economy As Poor

President Obama is trying to spin the economy as improving due to the Stimulus bill. At a labor Day rally President Obama said,
“Our Recovery plan is working,” Mr. Obama declared, “The financial system has been saved from collapse."

According to an AP poll, Americans don't agree. Seventy percent (70%) lack confidence there won't be another financial meltdown and eighty percent (80%) rate the condition of the economy as poor.

From AP via Yahoo:
WASHINGTON – One year after Wall Street teetered on the brink of collapse, seven out of 10 Americans lack confidence the federal government has taken safeguards to prevent another financial industry meltdown, according to a new Associated Press-GfK poll.

Even more — 80 percent — rate the condition of the economy as poor and a majority worry about their own ability to make ends meet....

President Obama seems to have forgotten that unemployment is at a 26 year high.

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