18 Percent Of People Think Economy Is Just Fine

A CNN/Opinion Research Corporation survey finds that 81 percent of respondents say the economy is crap, while 18 percent say it’s “good.”

The people who think the economy is good must live in pockets of the country in which friends and family have skated by without losing their jobs or having their pay frozen and benefits slashed. Either that or they just have extremely low standards of what they consider to be a good economy.

If you want a closer look at the numbers, download this PDF.

The scientific poll — its margin of error is plus or minus 3 percent — also says a third of Americans say the economy has gotten better and is on the upswing, while a fifth say the landscape has improved but we’re headed into another recession.

What do you think about the economy and the direction it’s headed?

CNN Poll: Number of people who say economy in very poor shape on rise [CNN Political Ticker via Fark]

Comments

Edit Your Comment

  1. APriusAndAGrill says:

    Its about to get much worse, in a half filled kind of way

  2. taney71 says:

    I would imagine about 20 percent of the country believe in crazy theories like Bush caused 9/11 or Obama isn’t a US citizen. Those 18 percent have their heads up their butts IMO.

    • TakingItSeriously is a Technopile says:

      Actually far more people believe that Obama is either a Muslim, or isn’t a U.S. Citizen than believe this. This tells me that even the dumb people out there are getting a clue, and realizing our economy is in the shitter.

    • LafinJack says:
      • pawnblue says:

        I can believe there’s 27% crazy on the right wing side. I’ll believe that. No matter what reality they are encountering, they’ll toe the line. Is there another 27% on the left wing?

        I’m asking because that would mean our country is 54% insane, at a minimum. That would explain a lot, and it would allow you to reasonable assume anyone you meet is a political nutcase, but it would be bad news overall.

    • sonneillon says:

      Some people make more money when the economy is down then up. My business is like that and the more people who foreclose the more work I get, but I don’t think that the economy is fine as a whole.

      • thisistobehelpful says:

        Well see you wouldn’t be in that 18% then because you have common sense despite your own financial stability. About a third of that 18% is probably the super wealthy that just aren’t worried yet. The rest may be people living off social services or adult children/students that didn’t really have to worry before and don’t now.

        • craptastico says:

          i think a lot of that 18% might just be people that aren’t that fazed by a “slow economy”. economies will always have contractions ane expansions, and they’re both the sign of a healthy economy. how many of the other 88% thought the economy was stellar from late 2007 through mid 2008 before the market crash? because that’s when we were in the real trouble, now we’re starting to rebound.

    • DariusC says:

      Or perhaps those are the military and government employees who are enjoying secure jobs? I would say government makes up at least 18% of jobs in the US… probably around 1/3, just guessing. Anyone wanna correct me?

    • JayPhat says:

      Well, I believe the Elvis Factor is around 12%. Those 12% belive that Elvis is alive and well, 9% belive if you write him a letter he will respond, which makes me worry even more when you hear that Congress’s approval rating is somewhere between the two.

  3. Michaela says:

    The recession hasn’t really done anything to me since 2008, so I am not surprised that some don’t see it anymore (I lost quite a bit in stock, but I’ve recovered decently well).

    • wrjohnston91283 says:

      At the micro level, I’m still employed and got a raise last spring, my wife (who graduated college in Dec 2009) has found a job, and my portfolio has recovered pretty well (I bought a lot in spring of 2009 and have increased my 401k contributions).

      However, at the macro level, I can see that unemployment is not improving as well as we would like, although the private sector is creating jobs. GDP has been growing since Q4 2009 (again, slowing, but still growing). The savings rate is up and consumer debt is down (both of which are a result of people spending less and saving more, which, in my opinion, will cause the recover to be longer, but set up households to be better of in the future.)

      If I was polled in that survey, I’d probably answer “Somewhat good”.

    • GC says:

      It didn’t seem that bad to me, either, until I got laid off.

      • Oranges w/ Cheese says:

        Yeah, I know that feeling. Just keep looking. I found 3 jobs in the past 18 months, I left the first one (a call center) for a real job (#2) and I found for a more appropriate 3nd one.

    • rmorin says:

      I would guess that the 18% are probably in areas that are not as adversely effected. I live in a large college town and EVERY business is hiring year-round for a litany of jobs, (blue collar, white collar, part-time, full time, etc.) because the large public University in the town is in the process of expanding. Anecdotal yes, but business is booming a least in my general vicinity. I read a Time Magazine piece a couple of months ago about certain municipalities booming despite a general economic down turn, so it is easy to understand that 18% might feel that the economy is on the up swing.

  4. balthisar says:

    That’s not really so amazing. Of the people that want to work, 90% of them are employed. Of those, some percentage are still making their mortgage payments. Of those, some percentage actively managed their retirement accounts and managed not to lose significant amounts. Of those, some percentage are in a growth industry. I guess, around 18%. :-p

    Remember that old yarn: if your neighbor is out of work, it’s a recession. If you’re out of work, it’s a depression.

    The economy is growing. Not fast, but there’s growth. The employment level isn’t an indicator (it trails significantly).

    • MeowMaximus says:

      “of the people that want to work, 90% are employed” – I call bullpucky.

      The unemployment stats DO NOT include those who have given up looking for work after many months – or even years of searching. A part time job at 10$ an hour was recently offered by a library. There were 700 applicants.

      I think the the TRUE unemployment figure is about double the “Official” number. I am not very hopeful for our economy and I give both political parties an equal share of blame.

      • PupJet says:

        Uhm….I’ve been unemployed for a number of months (I was volunteering for about a year before that). I had finally found a job, granted minimum wage, but still, people are NOT wanting to give up looking for that $10+/hr job which now and days requires you to have a background that will support that, oh in which most cannot back up.

        I thought I’d be making at least $9/hr, but that’s not going to happen, at least right now. Sure, the economy is in the crapper, but if you can’t give up your pride to find something that will at least keep you up, then you need to STFU because you ain’t going to get it now and days!

        Personally, I’m happy as hell to at least have the job I have because my head ain’t so far up my ass to not set aside pride!

        • dragonfire81 says:

          I have a job but it barely pays enough to keep my bills paid. According to the unemployment statistics I don’t count since I’m currently employed. Unemployment numbers aren’t the whole story.

          • MeowMaximus says:

            Excellent point – I wonder what percentage of those now working are significantly UNDERemployed – that is making a lot less money then they were before.

    • kmw2 says:

      Actually, the economy is not growing. The growth rate is below the rate required for the increase in the labor force – it’s shrinking, despite a nominal GDP growth rate. Same way if you take a 1% interest rate for your 1-year CD and inflation’s 3% that year, you’ve lost money.

    • thisistobehelpful says:

      Of the people that want to work it’s closer to 80% are employed. The unemployment rate takes people out of the equation after a certain period of unemployment, ie, the longer time you spend without a job the more likely you are to not be counted at all. Our realistic unemployment rate has been closer to 20% than 10% for a while.

    • mandy_Reeves says:

      well I have to say that I want to work…and have wanted to work. I was unemployed since 2008 when this whole mess started. I had just earned my medical billing certificate the week the economy went poof.

      I interviewed and interviewed…but I was beat out by the experienced folks whose jobs just got cut at other places. One job I got hired for…the department got eliminated before I could start work!

      Finally found a nice work at home call center gig about 6 weeks ago. Looks to be sort of long term…so yes…the 90 percent rate is a bit off I think/

  5. katarzyna says:

    18% of people = people who are doing well personally and also have their heads in the sand. I can believe it.

  6. captadam says:

    My personal economy is doing all right. But I have no kids, a house with a mortgage payment under $500, and a job that pays a modest but dependable salary.

    I see signs of a lousy economy around me, however: long-time businesses that have closed, houses on the market for a long time, dollar stores doing a brisk business.

    If your personal economy is doing well AND you cannot see signs of others in worse shape, then you must not get out much.

  7. ElemAdmin says:

    I know that the economy is in the dump, however personally, myself and my family have gotten by better than most (I would think). I am a school principal and my wife is a teacher. Our state retirment has taken a hit but was so over-funded prior to the recession that is is in good shape now. Both of us have had our salaries frozen three consecutive years, have furlough days each year, and have to pay a portion of our health insurance premiums. However, we still have jobs (our district has RIFed that past two years).
    Low interest rates and low inflation have made a big difference. Buying a home 20 years ago and staying put- not buying more than we could afford during the bubble is also big. We still have equity in our home!
    I consider us very lucky. Having watched the recessions of the early 70′s, early 80′s and mid-90′s made an impression on me and I never forgot those lessons.

  8. MedicallyNeedy says:

    The only people that give a crap about these polls are the global corporate pricks who are trying to make you believe they’re real to make it easier for them to get over on us! (The cheap labor.)

  9. TasteyCat says:

    I make more than double now that I did three years ago. What recession? The housing market being the way it is just means I get cheaper rent, and I don’t have anything in the stock market.

    That said, we did have a large scale layoff, followed by a massive nationwide restructuring where I work.

    • j_rose says:

      Ditto, only instead of double, it’s quadruple.

    • Spook Man says:

      Well, that’s what companies are doing; they’re cutting their workforce and the ones they’re keeping, they’re doubling their pay, etc and expect them to do the job for four people.

      It’s still cheaper in the long run, yet it looks good to the board and stock holders because now the company has posted a profit in a time of recession. As a result, wall street likes what they see, it goes up and the CEO gets their big raise at the end of the year.

      It’s all about making the profit, making the stock rise and appeasing the board.

      But, the bubble is going to break again and things are going to be worse. With all these are false reports, there will be a time when cutting the work force isn’t going to make the company look good and post a profit. They’re not going to have the work force to sustain normal operations and still not be bringing in a profit.

  10. dulcinea47 says:

    Anyone who thinks the economy is good is delusional. Anyone who thinks we ever came out of the recession is fooling themselves. And the real problem is, most everyone is ignorant of the fact that things are going to get much worse, not better.

    • PunditGuy says:

      “Recession” has an actual definition, you know. Absent two consecutive quarters of negative GDP growth, we’re not in a recession.

      • DanRydell says:

        There are many indicators of a recession, and two consecutive quarters of negative GDP growth is generally considered to be one of them. However a recession is NOT defined as two consecutive quarters of negative GDP growth.

        • PunditGuy says:

          I have no idea where I would have gotten that idea.

          http://www.investorwords.com/4086/recession.html
          A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters.

          http://economics.about.com/cs/businesscycles/a/depressions.htm
          The standard newspaper definition of a recession is a decline in the Gross Domestic Product (GDP) for two or more consecutive quarters.

          http://www.investopedia.com/terms/r/recession.asp
          The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country’s gross domestic product (GDP)

          http://www.wordiq.com/definition/Recession
          A recession is usually defined in macroeconomics as a fall of a country’s Gross National Product in two successive quarters.

        • fredbiscotti says:

          By any of the accepted definitions, we’re not in a recession: “In a 1975 New York Times article, economic statistician Julius Shiskin suggested several rules of thumb for defining a recession, one of which was “two down quarters of GDP”.[3] In time, the other rules of thumb were forgotten,[4] and a recession is now often defined simply as a period when GDP falls (negative real economic growth) for at least two quarters.[5][6] Some economists prefer a definition of a 1.5% rise in unemployment within 12 months.[7]

          In the United States, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) is generally seen as the authority for dating US recessions. The NBER defines an economic recession as: “a significant decline in [the] economic activity spread across the country, lasting more than a few months, normally visible in real GDP growth, real personal income, employment (non-farm payrolls), industrial production, and wholesale-retail sales.”[8] Almost universally, academics, economists, policy makers, and businesses defer to the determination by the NBER for the precise dating of a recession’s onset and end.”

  11. skitzogreg says:

    I’m in the 1% category that realizes that most businesses are operating more efficiently after the massive layoffs, and are showing less expenses on their income statement. This is a sad reality, and I honestly believe that we’re going to have a harder time recovering because a lot business don’t need to hire (and won’t for quite some time). However, it’s one thing to understand that we’re in this for the long haul, and another to not think we’re having a problem at all.

    My cat is eating Special Kitty, and you think we’re NOT in some sort of economic downturn? Imbeciles!

    • Big Mama Pain says:

      I’m with you; it’s hard for people to face the reality that with an economy that depends mostly on consumer spending, you can’t go “up” forever. I think this was the biggest bubble of all. Job loss is terrible, but I am not sad to see so many huge chains go belly up, or people coming back to reality about their personal spending habits.

    • Extractor says:

      I bet its a hell of a lot higher than 1%. Anyone with a brain would have to agree 100% with you.

    • mac-phisto says:

      soon, companies will have to start hiring or they’ll find themselves losing market share. most companies out there haven’t just trimmed the fat – they’ve gone down to the bone. that only works for so long before key employees are recruited out into different positions at competing companies. & once that happens, it will take months & a considerable investment in new talent to restore efficient quality & service.

    • thisistobehelpful says:

      Reindustrialize America to create jobs.

      Pipe dreams for me.

    • Oranges w/ Cheese says:

      Stop killing your cat and get it on something more healthy. Special Kitty is going to kill it. Have you read the ingredients? would YOU eat it? O_o Spend $20 a month and get something decent that’s good for them so they’ll eat less of it.

  12. Gulliver says:

    I think it really depends on how you define “good economy”. My personal economy is doing well. I did not take part in the crazy real estate bubble, which means I did not lose any value to that. Luckily my stock portfolio is better than before the start of the recession. Probably up about 5% per year. I can live with that.
    Do I realize things are tough for others? Absolutely. Remember, the news uses sensationalism to make things worse than they are. Ninety % of the work force is still employed.

    • wrjohnston91283 says:

      What Phil left out of his commentary is that the survey had four answers: (Very good, somewhat good, somewhat poor and very poor). Very good got 1% and somewhat good got 17%. As I mentioned above, the economy IS recovering, just very slowly, which I would say that is “Somewhat good”. I’m actually concerned about the 44% of of people who said the economy is “very poor”. If the current situation is very poor to them (and I’m talking on the macro level here, not individually), what do they consider “very good”? The dot com boom of 1999? The housing bubble of 2006? Both of those events were unsustainable, and each had a part in leading to the subsequent crash and depression.

      • PSUSkier says:

        Not to mention that we’re all the national economy. Want to see it do worse? Hole yourself up and don’t spend any money.

  13. Bodger says:

    For me, the economy right now is no better and no worse than it was. Before someone goes off on me, let me explain: You see, I am one of the minority that lives within my means, and being retired on an essentially fixed income, minor swings (and most major swings) in the economy really don’t impact me. You might even say that a prolonged period of low inflation is in my favor since the bulk of my income is fixed. Of course this is offset since the small part of my income that comes from investments usually disappears too.

    I should add that I managed to retire before I hit 50. Believe me, I never was one of the fat cats — just a regular working stiff but I DID plan ahead and this seems to be the part that the majority of the population never thought of. Had I been one of those who just HAD to have the McMansion and a new Porsche every few years punctuated by expensive holidays I might be in the 81% contingent instead of the 18%.

    • evnmorlo says:

      It is hard to believe that there exist people who can maintain fixed incomes no matter what the state of the economy and who have ever experienced “low inflation”. You either are a government cadre or a Luxembourger.

      • grapedog says:

        Or just living within his means…

        • Gulliver says:

          What they are saying is that inflation wipes that out in most instances. In a time of no inflation you are fine, but that “fixed” income buys them much less than it did if there is inflation. Fixed income people should hope for major recessions with deflation They are the ones who benefit from it.

    • DJ Charlie says:

      Same here. Biggest thing we’ve done is to (Hey, you bunch in the peanut gallery! Stop booing!) get a Sam’s Club membership (Hey! Stop booing! If you don’t like it, don’t shop there!). $35 a year (bought the membership online during an “open-house weekend), and we’ve managed to cut the monthly food budget from nearly $500 a month to just over $150.

  14. Best Forex Trading Center says:

    The economy is not OK. Not for me. The recession has not affected me in anyway. However, there are people around me who are suffering. Engineers are out of work and so many others. I trade forex for a living. I learn how to trade on my own. Bought books back in 2005 and I am glad I did. So like the dream of Pharaoh 7 good years, wisdom store up during the good times, then 7 bad years, use up what you stored up during the 7 good years. May be nature is just reminding us of the natural laws. There is a way
    out of any situation. Look inside of you. You will find something. You were created to solve a problem. You will be rewarded for the kind of problem you chose to solve. Look around you, there are plenty of problems to be solved. Don’t wait, get going and you will find a problem to solve and once you do, you will be rewarded. It has never fail.

  15. H3ion says:

    18% also believe in Santa Claus, the Easter Bunny and TinkerBell. You can probably find 18% of a sample to agree that lard is a health food. The fact is that growth is static, unemployment is high, and we’re still in the worst economy since the Great Depression (and World War II is not going to bail us out of this one). I would expect a double-dip recession and probably not less than 10 years for a full recovery.

  16. guroth says:

    I haven’t really personally felt the effects of the economy. I still have my job, I haven’t taken a pay cut or lost any benefits (I never had any to begin with). My rent has gone up slightly, and the prices of some goods has gone up, but I’m still “coasting by” relatively pain free. Am I lucky? Perhaps, but then I am not the primary target of the economy backlash: people with sub prime loans who lost their houses, or employees of businesses that were not sturdy enough to survive tough economic times.

  17. kajillion123 says:

    Is that the same 18% that think our president is a Muslim?

  18. brinks says:

    My fiance’s been out of work for a year and a half, minus the two months he worked at a crappy job that fired him for something stupid. I just landed another job after being out of work for a couple of months, but I have to take a huge pay cut (and this offer was significantly better than the couple others I’ve had). A good friend of mine diligently sent out resumes and applied everywhere for OVER A YEAR before he even got a single phone call for an interview. A couple other friends were laid off over a year ago and have had a few interviews here and there but haven’t been able to land anything.

    My friends and I are not losers with sketchy job histories. We have varying amounts of education and experience, but we’ve all held steady, decent jobs. We’ll take a job if it’s offered to us. We applied to anything and everything. I think we’re a pretty good representation if what’s going on out there. And what’s going on is not “just fine.”

  19. benisfire says:

    This has been the best economy ever for me. I have gotten a job I wanted for a long time…I have paid off all of my credit cards, I have purchased a very affordable house (because houses are no longer way overpriced) and the wife graduated nursing school and got a huge raise.

    I am not making light of the problems that others have had…but if someone asked me if the economy was good…I would have to say yes…

  20. Judah says:

    Ever since Bush II declared a class war against the middle class and cut taxes on the rich, the economy has bottomed out. Since the cost of energy (read: oil) is rising not falling, it’s MUCH harder to recover. As long as the US government supports open borders and outsourcing, we’ll continue to see jobs lost. As long as the US government runs huge budget deficits running wars no one but war profiteers support, we’ll see the currency decline in value through inflation and being written down in international money markets.

    It’s only a matter of years before the class war attacks on the tax base collide with peaking energy costs to totally turn it into depression time. I don’t see any recovery coming.

    • NeverLetMeDown says:

      “we’ll see the currency decline in value through inflation and being written down in international money markets.”

      Inflation is very low – the real worry is deflation. As for currency strength, the US$ is the strongest it’s been against the Euro in nearly 5 years.

      • Judah says:

        Who cares about the Euro? The Yuan is the danger.

        And inflation is quite real, or aren’t you paying a lot more for food this year than five years ago? I sure am, and I’m buying the same stuff.

      • bwcbwc says:

        Inflation is low for now, but eventually the increased government debt will come back to haunt us. And there are only 3 ways out of that debt: 1) grow the economy at an insane China-like rate, 2) tax the hell out of everybody or 3) let inflation kick in. The political climate for the further government stimulus and liberalization of immigration laws that would be required for #1 is impossible. So we’re left with some combination of 2 and 3. Which one do you think the average politician will prefer?

    • JayPhat says:

      Really? *sigh* Tax levels for all 6 tax brackets were dropped, not just the upper bracket.

      “As long as the US government runs huge budget deficits running wars no one but war profiteers support” That really chaps my ass. You do realize that the stimulus bill cost more than both Afghanistan and Iraq COMBINED right?

  21. pantheonoutcast says:

    Correction: “81 percent of 1,024 people over the age of 34 who weren’t too busy working to take a poll conducted via telephone believe the economy is something other than ‘fine.’ As for who is to blame, only white suburban and rural southerners over the age of 50 were even given the option of answering that question, as we have provided no data on the other demographics. Also, at least 10 people had ‘no opinion’ on what were essentially the most important questions of the poll, a point that should lead readers to assume that they were either stupid, or lonely and dying to talk to someone on the phone.”

  22. ldub says:

    Good lord, seriously? That 18% must be either very isolated or very narcissistic or maybe both. I think the real economy (most people’s actual experience) is still in tough shape. The ‘paper’ economy (what economists look at) is looking better.

    • Michaela says:

      I like to think isolated. Not all areas have seen severe impacts from the recession. It is possible to see other parts of the country facing difficult times, but still be able to describe the economy around yourself as “good,” or at least not drastically impacted.

    • FixdaFernback says:

      Or, perhaps that 18 per cent just doesn’t think it’s a huge problem that people can’t live outside of their means for some time. What’s wrong with that? People only able to buy what they can afford instead of what they want all the time. There were warnings that the housing bubble was unsustainable, is it such a bad thing that those who didn’t heed the warnings are now being punished?
      Same with people who decide to have kids just to have kids, or to carry on the family name, or really, for any reason. When this planet is already experiencing over population(and it’s just getting worse), am I supposed to feel bad because you(the collective, not YOU you) can’t support a child which this world has too many of already? I’m not saying I think the economy is “just fine” by any means, but I certainly see why some may not think it’s such a bad thing.

  23. EarthAngel says:

    I have a decent job with great benefits and I support my family of three. My husband (who is in the National Guard and has almost a decade of active duty time) can not get a job. He is either too qualify or not qualified enough. And in this economy, there is always someone more qualified than you are applying for the same job.

    We have cut back on our expenses and are living within our means. We don’t go to theme parks, we don’t eat out, our thermostat is set at 80* in the summer and 65* in the winter (and our utility bill is jacked up 50% because of an outdated fuel surcharge) and instead of going on vacations, we just take days off from work. We aren’t supporting the economy because we have to support ourselves.

    There shouldn’t be tax breaks for businesses that outsource. The tax breaks for the wealthy aren’t working and taxing the middle class to death isn’t working as the middle class is becoming extinct.

    • human_shield says:

      We’re in almost the exact situation you are. Family of 3, unemployed for over a year (except low wage jobs) cutting to the bear minimum to keep afloat. Unfortunately I wish I could say one of us had 1 decent job with benefits instead of 2 jobs each with no benefits. Once you discover the joys of private health insurance, you discover what an expensive mess it is.

      Chat with employers or HR managers and you’ll quickly find out why your friend never gets a single phone call. 200+ qualified applicants per job is the norm (AFTER filtering).

  24. Bernardo says:

    As a person with a job in NYC it SEEMS fine. But I worry that If i lose my job it might all of a sudden hit the fan for me. So with that in mind im trying to pay off as much as I can before something bad happens. I mean reading this website and CNN everything SEEMS doom and gloom for everyone else. But so far I’ve been lucky. But I’m in the office on labor day working to get an impossible amount of work done so hey I dunno.
    I just plan on paying everything off that I can while i can. Plus hoping when my lease expires in a year that things are good for me financially and crappy enough that i redo the lease for a cheaper price. Although the scary thing to think about is if rents start to seriously drop in NYC i feel like the country would be already in the crapper…

    But honestly I dont think the rental market has anything to fear right now. I think i just read somthing in CNN a while back that was saying its stronger than ever. I get the feeling it might stay that way.

  25. FrugalFreak says:

    I think that 18% know better, But they don ‘t want to admit it because the prefer being delusional and a teabagger.

  26. grapedog says:

    The economy is still FUBAR, and will remain so until the debt is out of the system. Banks right now are propped up on false valuations of property they own. Everyone is just hoping we can float until the costs of housing go back up.

  27. KyBash says:

    The media keeps harping on how bad the economy is, but I have no personal experience with it — my income is stable, my new worth is growing at the same (very slow) rate, and I know of no one who lost their job or had their house foreclosed on.

    • human_shield says:

      Well, everything must be okay then.

      • KyBash says:

        Actually, it’s a little odd — when everyone says the economy is doing great, everything sort of crashes around me, but when everyone is moaning and rendering their garments, everything’s ducky.

        Locally, we lost six factories under Clinton, regained five of them under Bush. Right now the main hassle in my daily life is going around all the construction going on — two new warehouses, three retail stores, and one building that no one is quite sure what it’ll be . . .

  28. rookie says:

    I am self-employed in home repair and service. I will also mow your lawn. I will clean gutters. Heck, I’ll even replace light bulbs for ya…

    Although my customer base has changed somewhat, I’m still bringing home about the same as I was five years ago…

    Beans and Rice…
    It’s a wonderful life…

  29. Extractor says:

    2016-18 will be the recovery. We now have to deal with the loss of municiple jobs as well as the imminent layoffs of teachers and its effect on the economy as a whole. We’ve been going downhill since 1992 when the Ypsilanti, MI Buick Olds Cadillac plant was closed. Michigan is not in a recession, we’re in a depression. Just took a little longer to hit the rest of the country and world.

  30. Floobtronics says:

    In other news, the other 82% of us that don’t work for the government think it’s not so great.

  31. Extended-Warranty says:

    Most of the people I see bitching about the economy seem to be students who just graduated and wondered why they aren’t in demand for 60k a year jobs.

    I can see why some people say its fine. I know people who live in small cities with lower paying lifestyles that they have been used to. Nothing has really changed for them at all.

    I haven’t noticed it a bit, however the economy is poop.

    • VashTS says:

      Most of the people who I see not complaining are those who got great jobs because of Daddy or mommy or were well off to begin with.

  32. PDXoriginal says:

    Or they could be smoking some really good stuff.

    Please share.

  33. yessongs says:

    Let me guess… that 18% all voted for Obama, and plan to vote for him in the next election. To quote a popular song.. “what have you done for me lately…”

    • ARP says:

      It’s probably those who’s personal portfolios are doing fine, and they retain their high salaries. That’s more likely the wealthy with an “I’ve got mine” attitude, and they didn’t vote for Obama.

  34. lihtox says:

    Unfortunately, that 18% includes most of Congress, I sometimes think.

    • VashTS says:

      Yep I agree. Obama and his bunch of bankers I mean, crooks, I mean…well I am glad to know those multi-millionaires who run our government are not suffering.

      • ARP says:

        Recession started under Bush. In fact, Obama carried forward a number of Bush appointments. Plenty of blame to go around. The reason that many are more angry at Obama is that he campaigned on helping the little guy. Republicans never cared about them and everyone knew it, so it’s harder pill to swallow.

  35. lettucefactory says:

    I live inside the Beltway, in Northern Virginia. The folks in my immediate neighborhood wouldn’t know the economy is bad if they were just going by their own personal experiences. Modest ranch houses here still sell for half a million dollars. Employment here is among the most robust in the nation. Stores are always bustling with customers. Really, the only visible sign of trouble here is the commercial real estate market – nearly entire buildings of office suites bereft of businesses to rent them – but it’s easy to ignore that.

    Fortunately, my neighbors do tend to be well-informed, but it’s still disorienting to be inside a bubble. This is where policy is made (I pay a lot of money to rent a shack in a neighborhood I could never, never afford to buy in, to have a good commute) and it’s like the recession never happened here. Bothers me, even though I’ve been blissfully protected on a personal level.

  36. WeirdJedi says:

    Right when I started looking for a job was right when the market crashed. I am a man out of college and looking for a job. 3 weeks later and 60 random applications, I finally found a small minimum wage job. Was making no more than $10,000 a year. I couldn’t even apply for a particular credit card on that amount.

    2 years later from my family harassing me to get a better job, I left that job and went out searching. 3 months and 100 job spots (with repeated callbacks) later, I am nowhere. People might be complaining about their 2 year unemployment insurance is running out, but what about those who don’t collect? My family kind of prefers me to double my efforts looking for a job than to have the current job I had. Weird I know, but they are the ones paying the bills.

    • glorpy says:

      Your family was mad. Whenever possible, look for a job while currently employed. Some employers believe that you must be truly terrible if you’re looking and “can’t” even get a McJob. Argue that that’s an errant belief if you like, but it’s all too common.

  37. 420greg says:

    There is an hour and a half wait for a table at the Cheesecake Factory, so you can pay $16.95 for a burrito. Does not look like a recession to me.

  38. FrankReality says:

    Also just announced, 82% of those polled worked in the private sector.

    just kidding…

    But seriously, employment in the public (government) sector is actually up (excluding the temporary census worker bump and bust) and will continue to rise thanks to Obamacare.

    It’s the private sector that’s taken it in the shorts and taken it badly.

    It’s the worst economy by far I’ve seen in my lifetime and certainly the worst in the 50 years – it’s also the slowest recovery of the recessions since 1950.

  39. china says:

    Maintaining my standard of living, paying my bills, eating when I want and having a reasonable expectation of continuing to do that in the near and farther off future does not determine whether the economy of a 330 million person populated country is doing fine or not. If someone thinks the ‘economy’ is doing just fine doesn’t know what a ‘fine’ economy looks like much less what an average economy looks like. That figure, from this poll, would be at least 18%. Test yourself. What determines whether an economy is in a depression, inflationary period, recession…?

  40. The Marionette says:

    Same “research” that’s done by everyone else except with a different percentage. *yawwwn* next.

  41. angienessyo says:

    While I know the economy is in bad shape it’s also hard for me to believe because of my experiences. I say this because I work in a mall and we are busy. All the time. Doesn’t matter what time of day, what day of the week, my store always has a line out the door. So for ME it doesn’t feel like there’s a recession because clearly people are spending buttloads of money every day of the week.

    Again I’m well aware of the state of the economy, but I’m also kind of baffled about how the economy is apparently so bad and everyone is struggling, but people are still packed into the malls.

    • WeirdJedi says:

      Well, at our mall there must be a most 10 people in the food court during off hours. Lunch & Dinner fills the mall for an hour and Holidays double pack the place. We actually get excited when a bus comes along.

  42. TehLlama says:

    … or live in DC. As money is increasingly taken from productive people and funneled through an ever more powerful central bureaucracy, the unemployment inside the beltway is still under 3%. Funny how that works, yet people are still convinced that intelligent fiscal conservatives are anything other than 100% correct.

  43. nacoran says:

    To be fair, a $10 part time job at a library is probably not the worst place to work. It’s a couple bucks over the Federal minimum wage There are places offering less that are probably not as nice a place to work as a library. Unemployment is bad and in some industries the minimum wage doesn’t apply. Saying that 700 people showed up for a job with good work conditions above minimum wage just says people are willing to work for $10 at a library.

    As for the unemployment rate not accurately representing people who want to work, well, yeah. It doesn’t show people who have given up or who will only work for X amount. When I was a kid my dad spent a while between jobs. He was a teacher. While on unemployment he made enough to pay the rent and put food on the plate. The problem was, when he’d get called in to sub, the pay was less than unemployment. Although it extended his benefits a little while longer it made paying that months rent difficult.

    • Oranges w/ Cheese says:

      This, exacly. When I was laid off in ’09 I got a job at a call center, simply because it offered halfway decent benefits and a few bucks an hour over the minimum wage. It was one hell of a pay cut but it gave me money to pay down my debts and get myself resettled, and technically in a better place financially, if a bit more poor.

  44. VashTS says:

    Only people who seem the economy is fine are politicians and bankers. I would add colleges, but they are not people. Well I have to go to work now, make my $13 dollars p/h with seven years of college and a 3.0 gpa.

  45. u1itn0w2day says:

    If it’s not affecting them and they really don’t bother with news I guess going through life blissfully ignorant is the way to go. What was that old Saturday Night Live bit-Happy Thoughts.

  46. Skellbasher says:

    100% of the people surveyed have no idea what constitutes a ‘good’ or ‘OK’ economy, and simply voted according to their political leanings.

  47. zandar says:

    The people who think the economy is good must live in pockets of the country in which friends and family have skated by without losing their jobs or having their pay frozen and benefits slashed

    Or are simply wealthy; or are benefiting financially from what destroyed the economy.

  48. Loias supports harsher punishments against corporations says:

    These aew the already rich who now have lower prices for things.

  49. Buckus says:

    All Is Well! NOBODY PANIC!

  50. Oranges w/ Cheese says:

    My economy is ok, but prices could reflect a bit better the state of things *shrug* I just don’t want my bank account to go any lower bleh.

  51. JayPhat says:

    18% of respondents are either A) Government workers, B) Drunk.