As the election gets closer, are you more or less confident in the U.S. economy?
August 8th, 2012
11:46 AM ET

As the election gets closer, are you more or less confident in the U.S. economy?

By CNN's Jack Cafferty

With less than three months to go before Election Day, Americans are becoming less confident in the economy. Not good news for President Obama.

According to Gallup's economic confidence index, July was the second monthly decline in a row. This after economic confidence improved during the first five months of the year.

This index measures the current economic conditions and the country's economic outlook. Americans were more pessimistic about both of these things during July.

A whopping 59% say the economy is getting worse. That's the lowest rating of 2012.

Americans' declining economic confidence is likely due to several factors including weak jobs reports, lower-than-expected GDP growth and Europe's ongoing economic problems.

Meanwhile, a new report suggests the shaky economy is hitting baby boomers especially hard. An AARP survey shows high economic anxiety – extending far beyond the issue of jobs – for pre-retirement voters aged 50 to 64.

No surprise there's a lot of worry about retirement:

– Only one-third of these boomers are hopeful or confident they will reach their financial goals.

– Almost three-quarters think they'll have to put off retirement.

– Half don't think they will ever be able to retire.

Pretty sad.

Many baby boomers are left with smaller pensions than they expected, more expensive health care... and the stress – and cost – of caring for older relatives.

The AARP also recently reported that more than 3 million Americans over the age of 50 are at risk of losing their homes to foreclosure due to the housing crisis.

Here's my question to you: As the election gets closer, are you more or less confident in the U.S. economy?

Tune in to "The Situation Room" at 4 p.m. ET to see if Jack reads your answer on the air.

And we'd love to know where you're writing from, so please include your city and state with your comment.

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Filed under: 2012 Election • Jack Cafferty • Politics • White House
soundoff (130 Responses)
  1. Tonybottomline

    I'm less confident in the U.S. Economy; especially at the beginning of next year, when tax increases for all income earners, would take effect.

    August 8, 2012 at 12:04 pm |
  2. R, Fenwick

    I am more confidence the economy will eventually come around.

    August 8, 2012 at 12:08 pm |
  3. Larry M.

    Actually more confident, the economy is likely to recover regardless of who gets elected, unless we have a massive congressional fail, there is just too much greed out there for it not to, So then for me it is about social and environmental policy and Obama wins hands down in that contest.

    August 8, 2012 at 12:12 pm |
  4. Pete in Georgia

    WHEN (not if) Romney get's elected there will be an IMMEDIATE jump start in the business community, a resurgence of confidence. America has never had a president like the current impostor, one who has ZERO knowledge of the free enterprise system, one who hates financial business success. Currently profits are demonized.
    There will be a rebirth thruout the business community creating REAL jobs, not government giveaway jobs.
    So to answer the question....................MORE CONFIDENT !!!

    August 8, 2012 at 12:20 pm |
  5. John from Alabama

    Jack: I am more confident the economy is turning around for the better in America. We have had plus job growth for 31 months, and it may not be as fast as people want, but it is a steady growth. The stock market is above 13,000 points, and 401k's are growing, even with new regulations for banks and the stock market. The economy was heading south in 2008 and 2009, but with President Obama's leadership, and Congress's inability to do anything, we are still having growth economically in America.

    August 8, 2012 at 12:31 pm |
  6. Name*Mark

    No it's not worrying the congres. So why should it worry me! Of course I'm but we can't do anything because our government is missing in action.

    August 8, 2012 at 12:45 pm |
  7. Karl in Flint, MI

    I have every confidence the 1%, despite all they crying and whining, are too invested here to let it sink. The GOP has it on hold, in an effort to get Obama out of office this time by selling a load of poo to the hate based paranoid mentally challenged, but they can't drag it out much longer and lose their billions they have invested in Romney and all the GOP state races they have bought regardless of who wins in November. They want absolute control of the country, but know this shill can only last so long before it goes down the tubes and them with it

    Henry Ford realized he had to pay his workers a decent wage for them to buy the cars they were building and the 1% knows no one is going to buy squat on unemployment regardless of where it is made.

    August 8, 2012 at 12:49 pm |
  8. pat pierson

    Less. The media needs to fact check and report fairly what they find. Who is the biggest liar and who will hurt the country the most? The average person is trying to keep food on the table and a roof over their heads. The media is wasting resources and time trying to find out where Katherine Jackson is. Our economy is in the tank and things are getting worse. Serious up CNN and do what you should do. Check facts, report what you find and inform the public in a fair amd impartial way.I spent hours yesterday going from store to store in Virginia beach, Va. looking for food I can afford. Is this America?

    August 8, 2012 at 12:51 pm |
  9. Pete in Florida

    Less. First Bush-43 and a GOP Congress bring our economy to the brink of collapse. Then Congressional Republicans do everything possible for the past 3 and 1/2 years to prevent economic recovery in the hopes of regaining political advantage – a stunningly transparent and idiotic strategy, yet one that seems to be effective with about half of the voters. With Congress in gridlock, unwilling to work with each other or any President no matter who wins in November, our economy, and possibly our nation, is in a death spiral. It's gonna get WORSE before any chance of getting better.

    August 8, 2012 at 12:56 pm |
  10. Phil in Grays Harbor

    Less confident. The Senate hasn't done a budget under Reid and blocks every bill that he personally disagrees with. The president has no idea how to turn the economy around; he's too busy campaigning endlessly and playing golf. No one in Washington understands the fundamental of balancing their checkbook. They think digging the hole deeper will work. It's pathetic.

    August 8, 2012 at 12:57 pm |
  11. Jenna Roseville CA

    As the election gets closer, are you more or less confident in the U.S. economy?

    Actually I am more confident about the U.S. economy as the election gets closer. Why? Simply because Americans are going to vote OUT those that have spent the past 2 to 6 years doing absolutely NOTHING and collecting a paycheck paid by taxpayer dollars (the Republicans) and are going to vote IN Democrats and Independents to replace them.

    And Obama will win his 2nd term in a landslide! Face it NO ONE likes Willard Mitt Romney including those on the right.

    Roseville CA

    August 8, 2012 at 1:07 pm |
  12. Robert in Florida

    The more I hear that Obama is pulling ahead in this state or that the less confident and more worried I become about the economy. Why would anyone believe that by giving Obama 4 more years that businesses will suddenly embrace the guy who has demonized, taxed and regulated them into oblivion just start expanding and growing in spite of everything the President has done? I know that if he’s re-elected he’ll double down on his attacks and threats of higher taxes and more regulation. Business will stay in neutral mode and weather the storm until a new more business friendly leader is in the White House. After 8 years of Obama everyone will be ready for some hope and change.

    August 8, 2012 at 1:09 pm |
  13. James Carlisle

    Jack, after 74 years, I have finally learned that the best response to the election season is a set of noise cancelling headphones.

    Jim Carlisle Atascadero, CA

    August 8, 2012 at 1:14 pm |
  14. Steve

    I'm less confident of the economy. You know why because our scumbag leaders are to busy slinging mud at the Republicans. Remember the Republicans have only controlled the the house 15 months in the last 6 years. The Democrats controlled both houses 2006 -2010. Obama with the Senate majority in 2008-2012. During this time all the the Democrats have done is blame the Republicans. The Democrats have done didley squat., The Press is no better, they go along with all these lies. Do you think, it's going to change. You take a guy like Reed stands up in the halls of Congress and maker these accusations about Romney, and Obama goes aslong weith it. Do you think yo're going to have harmony and fix the economy wth this kind of environment. I have a message for Scumbag Reed, put up or shut up. Bet 10 million dollars with Romney that he did not pay taxes for the last 10 years. Whoever wins the 10 million dollars, goes to charaties. The Tax returns would be released after the election. What about it scumbag Reed??
    The Press needs to be more responsible in reporting the truth. This way the economy will have a better chance to survive. We as a nation are shooting ourselves in the foot with all these lies being reported, because the mudslingers ussually win.

    August 8, 2012 at 1:20 pm |
  15. Jeff In Bishop, Georgia

    Mr. Cafferty, since left wing economic policy has been and always will be a failure, I'll have confidence in the economy once every liberal and psedo-conservative is jettisoned this November.

    August 8, 2012 at 1:21 pm |
  16. Pat, Iaho

    No matter what either candidate does, the economy sucks and they're not going to change it before the election.

    August 8, 2012 at 1:21 pm |
  17. Ed from California

    I'm confident in the American worker. I'm not confident at all, in John Boehner and his Kochplican-Teapot Party. Way to bring the jobs back, Boehner!!

    August 8, 2012 at 1:23 pm |
  18. Gary H. Boyd

    3 things will have to happen for me to have greater confidence in the economy between now and election day Jack: First, our oldest son buys his first new car. Two, our middle son takes a long overdue vacation, and three – our youngest son buys a house and moves out of ours.

    Gary in Scottsdale, Arizona

    August 8, 2012 at 1:25 pm |
  19. Mel - Houston

    I believe we're in a long period of stagnation that could last for ten more years. You can bet the White House is going to do everything in its power to try to improve the economy before the election. The sad part is President Obama is going to have to do it himself because The House of Representative is not going to lift a finger to help. Why start now.

    August 8, 2012 at 1:27 pm |
  20. jk in MN

    If the electorate could just get the Congress to work toward improving the economy instead of working on their social agenda and sitting on their duffs and not doing anything for political gain instead of the country's good, everyone would feel better about the economy and it would be improving. If Romney and the GOP gain control of washington, all confidence I have in things improving will be dashed. The country need to remember what a mess the GOP made of the economy starting in 2001.

    August 8, 2012 at 1:28 pm |
  21. Pat in Michigan

    Economically ,I am very confident that the middle class will be abandoned by the GOP that the top one percent will be abandoned by the democratic party.the one thing I am most confident in is that we as a nation will continue to suffer at the hands of our elected officials.

    August 8, 2012 at 1:30 pm |
  22. Gary in San Jose, California

    Less, of course. It is clear that the tough decisions required to put us back on solid financial ground will not be made before the election. Let's just hope our elected officials have the backbone to make those difficult decisions after the election.

    August 8, 2012 at 1:35 pm |
  23. Steve, Clifton, Virginia

    Because neither Presidential candidate is speaking to or addressing the economy, my thoughts about the economy is totally divorced from the timing of the election and is based on my personal experience with the economy. I am cautiously optimistic about the economy since it is at least in better shape than Europe and is at least headed in the right direction.

    August 8, 2012 at 1:36 pm |
  24. Lee in Wyoming

    It's the lawmakers I am watching for an upswing in the economy. Sure, all us
    average Americans want more jobs in a better economy. But do we have what it
    takes to vote out our lawmakers who are blocking the way? Are we willing to demand that our representatives plug the loopholes in the laws we have and work civilly with each other?

    As Pogo said, "we have met the enemy and he is us." We voted those folks in
    and we can take them out. See you at the polls on November 6!

    August 8, 2012 at 1:40 pm |
  25. Doug Ericson

    I am less confident as time progresses. The Government, even if it was totally united, with a majority in both Houses of the same Party, and a President of the same Party, does not have the wherewithall, to pay off the debt, and to maintane the ridiculous level of spending that exist now. Towns that had two Police Officers in the sixties, now have 30, and these same Towns have not even doubled in population in that time. The same exponential rise in public service jobs is the same across the board form firemen to teachers, to town workers, etc. You could write a Ten Thousand Volume encyclopedia on all the waste from the local level to the federal level. It is a best case scenario to give as many people jobs as possible, untill the Ponzi Scheme that pays for it breaks down. When the leverage reverses course and starts working against you it is crushing, and there is no defense against it, except a complete declaration of bankruptcy. Its not the first time this cycle has churned from start to finish, and it won't be the last. Doug, Pepperell, MA.

    August 8, 2012 at 1:40 pm |
  26. Phyllis G Williams

    As the election gets closer, are you more or less confident in the U.S. economy?

    I feel confident that whoever gets this impossible job will listen to the
    various suggestions and implement them for progress.

    August 8, 2012 at 1:41 pm |
  27. DT - Saint Paul, MN

    Can you think of ANYTHING more profitable than being President in an economically troubled country, and having a business background in bankruptcy???

    I can!!!!!

    Being President of a country with high gas prices, and having a business background in oil.


    Next they'll put bankers from crooked banks in charge of the treasury.

    Oh wait.

    August 8, 2012 at 1:43 pm |
  28. David - Augusta, Georgia

    100% Less! President Obama promised more jobs, less spending, more economic trading with other countries, and less outsourcing, and what has he done? All of the above's opposite. The Democrats had a turn in office, and now its the Republicans' time to shine!

    August 8, 2012 at 1:47 pm |
  29. Randy

    It depends on which way the media sways the elections through their fixed polls. If the media is paid to sway Obama, I'm less confident because the rich and corporations will continue their unfettered assault on the citizens. If their paid to sway romney, the rich and corporations will temporarily hire a few people to give the illusion that romneys and their
    trickle down economics work. a lose-lose situation for the middle class and poor in either situation. Obama like Clinton.
    will use his second term to sure up jobs for kids, family, and friends while romneys first term would be used to pay back
    contributors, his church, and start a war with Iran for the sake of his business partner nutty-yahoo in israel.

    August 8, 2012 at 1:48 pm |
  30. Tom Bulger, Canandaigua, NY

    More confidant. The dollar is solid. Our president looks pretty smart having gone the route of stimulus instead of the European austerity and double dip recession. The neutral Congressional Budget Office finds that Obamacare will create jobs and cut our crippling health care costs. The president has created and saved 4 million jobs despite Republican obstruction. When the Tea Party is ousted in November, we'll really start to roll and I'll buy a round.

    August 8, 2012 at 1:50 pm |
  31. JD in NH

    The economy is improving slowly but steadily. Even the real estate market is getting better. We were on the verge of another great depression in the fall of 2008 and it will take years to recover. Overall, I'm optimistic.

    August 8, 2012 at 1:50 pm |
  32. sahara

    Jack, the truth remains that as a country, we are far more better of today than 2008, we have not forgotten, many people may be light minded but we are not, we all remember how we got here and the American people despise the circumstances that brought us into this mess, now, we are faced with another condidate, Mitt Romney, who wants to return us to those failed policies of the BUSH/CHENEY, we will be dumb to let that happen because Mitt stands with everything that resembles BUSH, thesame policies and stupid trickle down economics that never worked. I am very confident at least, we are making progress, we are adding jobs not losing

    August 8, 2012 at 1:53 pm |
  33. Ben from Boston

    I am confident that there will be slow growth in the goods and services produced by the economy. The number of people employed will grow at a slower rate. The unemployment rate will remain above 7.9% through November. I am even more confident that the economy would be considerably stronger if Hillary were president.

    August 8, 2012 at 1:53 pm |
  34. Annie, Atlanta

    It took me almost 2 years to find a part time job, and now we risk putting back into power the guys whose policies caused this meltdown, because our attention can only be garnered by money spent and lies spread, and we've lost the ability to reason? It's not the economy that is cause for my alarm here, obviously.

    August 8, 2012 at 1:53 pm |
  35. David R Bebeau,Springfield Missouri

    ECONOMY JACK?? WHAT ECONOMY?? This economy and the american hard working people have not
    had anything but stress and heartbreak for 5 long years.And while congress porks down 50 dollar steaks and 100 dollar wine while parents in this country struggle every day to help their kids have a life....................

    August 8, 2012 at 1:55 pm |
  36. Dave, Kissimmee, FL

    I haven’t felt good about the economy since 1980, except briefly during the Clinton administration. And since Bush, it has been all downhill. What’s there to be confident about anyway?

    August 8, 2012 at 1:56 pm |
  37. Richard Texas

    I am more positive about the economy but less positive about our politicians involvement in it. The problem we have in America is the instability of our government and their ever changing laws and policies. Businesses do not want to expand or open up shop here because they are unsure of what our government might do to effect them. The fear of the unknown is the biggest deterrent to job creation. Our government could change all that in a heart beat if they would start looking to the future instead of living in the past. This is not about republicans and it is not about democrats. It is about the American people and their chance at a decent life in America. Our government needs to grow up and act like adults.

    August 8, 2012 at 1:59 pm |
  38. Ed from Texas

    Things are better than they were; however, because of gridlock, I'm not confidant in our government's ability to improve the economy. History shows that government action can help an economy. The current situation in Europe shows that government inaction can hurt an economy. Those holding our economy back for political gain this November should be voted out of office because they have chosen party over country

    August 8, 2012 at 2:02 pm |
  39. Ruth in Indianapolis

    Less confidant. I believe that the republicans wish to weaken the economy as much as possible in the hope that it will bring them a win. The problem is that as the economy weakens ordinary people will have less money to spend. Thus weakening the economy further. At some point, it breaks down.

    August 8, 2012 at 2:03 pm |
  40. ken from connecticut

    Anyone putting their confidence in the economy is going to be dissappointed. If a married couple with a house and kids and with two good jobs making a decent income understand what is happenning in the world with its economics, politics and religions, they are praying it will continue and they won't be a victim of its poison.

    August 8, 2012 at 2:07 pm |
  41. EdfromMD

    Less because they usually make it boom leading up to the election so that everyone can feel good when they vote, if they can't do that forget about the normal times.

    August 8, 2012 at 2:11 pm |
  42. David of Alexandria, VA

    I have always had confidence in the US economy. It is a formidable machine for gererating jobs, wealth, oppotunity and innovation. Despite the slings and arrows of periodic down-cycles, I get very distressed when our economy is hobbled by uncertainty and political gamesmanship among our "leaders." Leadership of this country should be synonomous with understanding how to make this economy thrive and how not to choke it until it is moribund. OUr leaders have no practical vision which they are willing to share outside of campaign sound bites. Absent that backdrop, our economy will drift - and has.

    August 8, 2012 at 2:12 pm |
  43. Michael Bindner, Alexandria, VA

    I am quite confident the economy will stagger along at about what it is now – and that this will be good enough for Obama to beat Romney by more than 100 electoral votes (as current state-by-state estimates indicate. Since some states have better economies and at lest two of those states are swing states leaning to Obama, Romney really has no chance.

    August 8, 2012 at 2:12 pm |
  44. Kevin in CA

    My confidence in the US economy is as steadfast as it is for Congress ... need I say more?

    August 8, 2012 at 2:14 pm |
  45. Robert (Pittsburg, PA)

    Re-electing President Obama and electing more Democrats to Congress will make me more confident. Yesterday Bloomberg reported that job openings rose to a 4-year high. Electing republicans will only make things worse. Bush and the Republicans pushed through tax cuts in 2001 & 2003. Even before the recession hit in 2008, he was on track to be the 1st president since Hoover to lose jobs during his term. Great Britain made cuts the way Republicans are trying to make cuts now and they've fallen back into recession. The Univ. of Chicago's survey of economists, Moody's Analytics and Micro Analytic Advisers all say that Obama's plans will be better for the economy than Romney's. That shouldn't surprise anyone—the Republicans' deregulation policies causes wealth to concentrate; their tax plans rewards investments and job creation in China, India, Mexico, etc—to the detriment of competing industries here. On to of that, they constantly propose cuts and oppose investments in infrastructure and education that would strengthen our economy.

    August 8, 2012 at 2:17 pm |
  46. RickFromDetroit

    No real change!
    There are only two things that I can see that will change the condition of the economy from today to the November Election. [1] Should the business sector over produce and warehouse their surplus products we may see a slight surge in employment, but this will probably be short lived and we will return to business as usual as soon as the election is over. [2] If the consumers should go on a short shopping spree before the election we may see some improvement in the jobs picture, but this too will be short lived.
    We need to pour some real cash into the bottom of the economy to generate any real recovery since we have 46 million people below poverty and another 97 million people listed as low income. This is producing anemic consumer spending from nearly half of the country. [Consumer Spending id 70% of the U.S. economy] Eventually Corporate America should start spending the $2 trillion bucks of cash they stole from the Obama Stimulus 3 years ago, but will it be before or after the election?

    August 8, 2012 at 2:17 pm |
  47. Russ in PA

    Considering that politicians and un-elected bureacrats like Bernanke want to keep spending money like drunken politicians, I have no confidence in the economy, as so many people seem to have forgotten that managed economies always fail. It's the free market or bust...

    August 8, 2012 at 2:20 pm |
  48. Leta

    As confident as to President Obama being re-elected in 2012

    August 8, 2012 at 2:21 pm |
  49. Allan Placerville, ca

    NO!!! I don't see any improvement until Washington gets its act together.
    It will get lots worse if the Republicans prevail.

    August 8, 2012 at 2:25 pm |
  50. Brad, Portland, OR

    The US economy is slowly recovering, but not fast enough. We get 1 or 2 percent growth instead of 8 or 9 percent. We get 160,000 new jobs created each month instead of 500,000. A lot of this weakness is due to globalization and "free trade". We exported our jobs to Third World countries, and essentially imported some of their poverty.

    But at least we're heading in the right direction. We're not losing ground.. If you look at the so-called "bikini graph" of job growth, we were losing more and more jobs each month under Bush. Then under Obama, we lost fewer and fewer jobs each month, and then we we started gaining small numbers of jobs each month.

    If Romney takes over, look for a repeat of the Bush part of the bikini graph, since Romney's plans are just a rehash of Bush's failed policies.

    August 8, 2012 at 2:29 pm |
  51. Ken in Pinon Hills, California

    I am confident on Election Day the Labor Department statistics will show a vast improvement in unemployment and jobs. Whether the numbers are correct and honestly reported, only the administration that controls them will know. As such, that should determine re-electing the President.
    Jeez Jack, am I cynical? Of late there has been an abundance of fibbing, enough to set everyone's pants on fire in Washington.

    August 8, 2012 at 2:32 pm |
  52. chris

    i am only confident if rodmeny gets elected

    August 8, 2012 at 2:34 pm |
  53. Don Desaulniers (Belleville, Canada)

    I'm really worried about it. Congress is inert at the moment and will remain that way until after the November election. Each party is planning on winning a solid majority in order to wield total control, but I'll bet that the more likely outcome is another horridly split Congress.
    I'm on the side of the fence which advocates cutting government spending drastically while at the same time permitting the Bush tax cuts to expire. Unfortunately both parties seem to be buying the hogwash that a "fiscal cliff" will destroy America if the tax cuts aren't extended.
    Your politicians have learned that promising more to everyone buys votes, so the obscene overspending will continue. Don't laugh, but it won't be long before America will be forced to sell off valuable assets like North Dakota and Montana in order to pay for an additional year's gross deficit. When that happens, I'd like an opportunity to place a bid to buy Romney's accountant and Obama's teleprompter.

    August 8, 2012 at 2:42 pm |
  54. Loren, Chicago

    You assume we have any confidence in the U.S. economy to begin with. The numbers continue to look bad, with any positive numbers arguable merely the result of shuffling chairs on the deck of the Titantic. The absolute cynicism of the Democratic Party about the future of this country is appalling, their position seems to be that whatever we can do to get votes is all that matters regardless of how it impacts the country. While the Republicans don't seem much better, reduce taxes for the rich, there is at least an honesty to their motives lacking in the Democrats. How can I feel confident when neither party seems to understand that it is the middle class that makes this country go?

    August 8, 2012 at 2:42 pm |
  55. Larry from Georgetown, Tx

    The closer that Mr. Etch-A-Sketch gains ground the less confident we are in the economy as with his tax plan for his rich buddies, the rest of us will see a tax increase. So we'll have less and he'll have more to hide.

    August 8, 2012 at 2:45 pm |
  56. Mark from New Jersey

    We have created private sector jobs, albeit at a slower pace than we would like rather than losing them. We have saved the automobile industry, The Dow is over 13,000. If the befuddled electorate would be smart and involved enough to elect those that would fix America, and shed ourselves of the simply crazy tea party congress, institute meaningful regulation of the banking industry and the environment, and if we would again strenghten the middle class that has been methodically destroyed since the Reagan administration, I would be even more encouraged. It seems like we might be moving in this direction, and hope springs eternal. But if there is a Republican Senate or president, or if there are not more sane voices in the House, then all bets are off

    August 8, 2012 at 2:48 pm |
  57. Jane in CA

    My level of confidence depends on the outcome of the elections. Democratic sweep (congress & presidency) = more of the same, maybe somewhat better, depending on how large a congressional majority. Mixed (Republican congress, one or more houses, and Democratic presidency) = no change, possibly worse. Mixed (Democratic congress, one or more houses, Republican presidency) = probably worse. Republican sweep = very much worse.

    August 8, 2012 at 2:58 pm |
  58. George in PA

    With uncertainty comes fear. Unless one party controls both the House and Senate after the election there is little chance for any improvements.

    August 8, 2012 at 3:05 pm |
  59. Nate NC

    With this upcoming election we need a TRUE LEADER. Someone who can unite the nation to begin reversing the direction of our society. Instead, we have two politicians once again arguing whose side is better. So since nothing has changed, you should be able to figure out my confidence in the economy.

    August 8, 2012 at 3:10 pm |
  60. Kim , Dodge City, Kansas

    Overall, I'm less confident, but I sure wouldn't blame the President. I place the blame for our dismal future at the feet of Republicans who made it their priority to refuse to help Obama in any way, which in turn hurt the country and killed any chance of a recovery. Congress should also bear the responsibility for our situation because they choose to sit on their hands and totally ignore the American people. There is a mountain of shame that all of our elected officials share, but they are too self-serving to realize it.

    August 8, 2012 at 3:12 pm |
  61. JM from DFW

    Until we consolidate the school systems, reduce excessive overhead, add teachers and pay them well for performance and reduce the excessive structural cost in the Medical industry ... No!

    How can America compete against the world when other Governments provide Health Care for their citizens and reduce the structural cost of companies in foreign countries giving them the advantage over the United States.

    Get Real! Why would the greedy bring jobs back to the U.S.?

    If they can get this Health Care bill turned down, they will turn up the heat for those less fortunate, and if they don't agree to work for less, the jobs go to Developing nations.

    Romney can't wait to reopen his Swiss Bank Account. He is counting on an uneducated America, not to vote.

    August 8, 2012 at 3:13 pm |
  62. Dan - Phx

    Less confident. Despite record profits, my company, IBM, decided not to give raises this year? Why? One can only assume that they want the economy to stay bad on purpose so someone who will look the other way on their tax dodging will get elected (Romney). That way they can continue to outsource jobs to India and Brazil while cutting American employees. By the way, this is all Obama's fault right, he is the CEO of every company?

    August 8, 2012 at 3:16 pm |
  63. Wilhelm in Las Vegas

    my confidence in the U.S. economy will depend on WHO is elected in November. IF it's Obama and the Democrates can tahe back the House and hold the Senate, THEN I will have confidence that the economy will continue to improve. IF it Romney and the Republicans in charge, then you can stand by for a re-run of 2008.

    August 8, 2012 at 3:19 pm |
  64. Bob in Ohio

    The economy is out of the control of the President (whoever it is), the Congress, and everyone else. So whether anyone is confident in it or not means nothing. I'm just going to do whatever I need to do to take care of my family.

    August 8, 2012 at 3:19 pm |
  65. Frank Poynton from Los Angeles

    Lets face it Mr. Cafferty, the U.S. economy is not going to go away. Its not going to crumble and die as many people would have us believe. Its an issue that has and will continue to be on the minds of every mature citizen with half a brain. Generally it begins with their income, then their bills, then their walk around money (officially known as disposable income), then their taxes. It ends with surviving, in some cases by hook or by crook. As the election nears I am confident in this economy because it has survived every previous election in our history. The shape of the economy is malleable and the crooks, i.e. Paul Ryan, Eric Cantor, Mitch McConnell, Michelle Bachman, Grover Norquist, any Tea Party member etc, etc, and of course whats his name from Bain vying to be President, all of those folks know how to shape the malleable economy so that it nicely lines their pockets and the pockets of their close knit ilk. It's unfortunate that some people fall hook, line, and sinker, for the doomsday messaging about our economy if President Obama is reelected.

    August 8, 2012 at 3:22 pm |
  66. Bryan

    Less on the economy and a lot less in congress. The party of No has seen to that.

    August 8, 2012 at 3:22 pm |
  67. Mr. D

    I'm less confident about the economy after the election. The election year "excuses" will be gone. What wonderful things do the politicians have planned for us post-election?

    August 8, 2012 at 3:26 pm |
  68. Jim in Denver, CO

    I have confidence in the ecomony. What I don't have confidence in is Congress. Thanks to the Party of No the economy has sputtered just so they can make President Obama a 'one-term' president. Time to end those clowns terms in office.

    August 8, 2012 at 3:26 pm |
  69. Richard Oak Harbor, Wa

    The meaningful numbers of the economy are predicted by the futures market which is slowly moving upward regardless of who is in the White House. Gas prices will go down when most of the many US gasoline refineries resume production. We continue to eat reasonably priced foreign grown produce, a year with less American corn is not the end of the world as we know it. The economy will get back to some measure of prosperity whether Democrat or Republican led. Patience is a virtue not a weakness.

    August 8, 2012 at 3:29 pm |
  70. kATTY OR

    I am astonished...I can't believe we have voters so dumb. It is heart-wrenching to think these people for Obama can't see what has happened to the economy – can’t fathom what he meant when he told the Russians he “would be more flexible after the election”. My financial worth and expectations have been drastically reduced under this President leaving me to wonder if I need to gather my bags for skid-row.

    August 8, 2012 at 3:32 pm |
  71. TomInRochNY

    Confident in the economy? Yes. Confident in Wall Street (people betting on the economy)? No. Confident in the GDP growth? At least it is growing. Confident in congress? There's a reason 'con' means 'against'. Confident in the president? He's better than the alternative. Confident in America and the American people? Hell yes!

    Tom, Rochester, NY

    August 8, 2012 at 3:38 pm |
  72. Paul in NC

    My confidence level depends on the election. If Obama wins and the voters throw out the Tea Party clowns then I have confidence that the economy will continue a slow steady recovery. If Romney wins and the Republicans take greater control I am 100% confident that this country will be in a depression within a year. Those baby boomers worried about retirement now will have to work until they're 90, young families will have no health care and America's middle class will disappear.

    August 8, 2012 at 3:41 pm |
  73. Sylvia from San Diego

    I feel the HOPE and the CHANGE (New President) a coming...... and not too soon!

    August 8, 2012 at 3:42 pm |
  74. Jeff In Minnesota

    It wouldn't take much to send the economy into a tailspin and based on what I'm reading and hearing right now, we may be right on the edge of going into such a tailspin. One can only hope that is not the case, but you never know.

    August 8, 2012 at 3:43 pm |
  75. Thom Richer

    You know, Jack. President Obama was not really off the mark when he said the economy was just fine. I am sure he was thinking of the one per cent and the wall Street investors fortunate enough to have money to play with and take risks with. He is exactly correct in that regard. They have no recession and their economy is, " fine." The U.S. economy for the American worker, middle to lower income, is now and has been for the last decade in a ever downward spiral. It is not improving but continuing to worsen and will for many years to follow. The wealthy have not lost a dime. Every president and wannabe president, that I can remember, have promised and laid claim to not raising our taxes while providing avenues of escape for the wealthy to "legally" wiggle out of paying their due. In the mean time, our taxes are raised for the real consumers of this country, the working class, nearly every day. How? Easy. Even though our forked tongued Congress and Wall Street continue to proclaim the cost of living is stable, almost all of our goods and services are rising in price. Raise the price of a good and our taxes rise. We pay a percentage on every dollar we spend. Thus, if an item was $10.00 last month and the sales tax is 6% on a dollar, we spend ..60 in tax on that item. If that same item is now $12.00, we now pay .72 cent in tax for it. Is that not raising taxes? The percent may remain the same but we pay more taxes to the Uncle I refer to as, "Uncle Sham." Argue it any way you like, we end up paying more taxes. Convenient way for our officials to claim taxes have not increased as it is not considered a rise in taxation by Congress or "economists." way of thinking. So, my answer to the question is there is no way for me, a working class citizen, now a retiree, but to have less confidence in this false plastic economy.

    Thom Richer
    Negaunee, MI

    August 8, 2012 at 3:47 pm |
  76. BrainTurnedOff

    Lets see. The Republicans do everything to let us feel how bad under the Obama administration the economy can really go. If Obama is re-elected, we have the same situation as in Obama's 1st term, and if Romney is elected, it will take him 4 years to get out of the mess the GOP just helped to maintain. If he can that is – he is a business man, not an economist. So, no, the confidence level is not that high.

    August 8, 2012 at 3:49 pm |
  77. Hoosier Hillbilly IN

    As the election gets closer, are you more or less confident in the U.S. economy?
    The economy is in dier straights-I see nothing in store for citizens other than 'harder times'
    I actually am in misery for my kids and grandkids-what I got to give them won't last
    and in 4 more years it either won't be worth anything or the "SOCIALIST" will confiscate it
    Why not express your opinion on your questions, Jack!?

    August 8, 2012 at 3:58 pm |
  78. Mycroft Lake Travis Texas

    I'll tell you what Jack, I am surprised the economy is doing as well as it is, after all the obstructionism the GOP has presented our country with and only four years after President Bush almost completely destroyed our economy. A person would have to be a few french fries short of a happy meal, to ever consider voting for a Republican again.

    August 8, 2012 at 4:01 pm |
  79. Alex from California

    I am more confident in the US economy fully recovering. At the end of 2008 we were losing almost half a million jobs a month. Now we're adding between 50,000 and almost half a million jobs monthly. The 2008 financial collapse was the biggest economic disaster since the Great Depression. The American People are hurting, but I think we can all agree it's better to cautiously add 4 million jobs in 4 years than recklessly add 8 million jobs in two. To accelerate substantial economic growth we'll need collective action, tough choices and a will to compromise rather than fail. Polarization can take a hike because it's harmed the Recovery.

    August 8, 2012 at 4:01 pm |
  80. Mike in Minneapolis

    I am confident it will come back, but not because of the election. I have faith in Obama. I have no faith in Romney because all he does is complain about the president – he does not say what he would do himself. Mostly, I have unshakable faith in the one thing you can count on through thick and thin – good old American greed.

    August 8, 2012 at 4:02 pm |
  81. Sean from Thousand Oaks, CA

    I'm feeling worse because I know that the government's focus will be even less on the economy and more on accusing the other party of being run by tax cheaters or Muslims or what have you. Autumn is coming and so are the shameless displays of idiocy, pandering and dishonesty seemingly required by the truckload for the corporate-paid farces that we call elections. How can anything productive be produced during a time like this?

    August 8, 2012 at 4:04 pm |
  82. Ralph Spyer

    The U.S. economy is in decline the pace of that decline is the President foot on the gas ,If Israel starts another war Romney and Obama wlll come to her aid Romney overtly,Obama covertly, Paul not another dime. Romney and Obama stand with the Federal Reserve and the riches people on the face of the earth and paying the federal reserve 3% for every dollar we print. Paul would open their books and they would be exposed. Romney billions on defence ,Obama billions on section 8 and Link cards. Ron Paul has no chance in hell in being our next president and America has no chance in Hell giving us liberty and the responsibility to limit governmertal powers

    August 8, 2012 at 4:04 pm |
  83. Sandstone

    "How can one not be cinfident in the US economy, when you continue to the hold the rest of the world to ransome. But you have to learn those easy pickings won't be there for to much longer, if you don't stop knocking them down."

    August 8, 2012 at 4:05 pm |
  84. Dale N.M.

    Less confident nothing has changed, same do-nothing Congress and Senate, and the same fat cats on Wall Street.

    August 8, 2012 at 4:10 pm |
  85. Robert in Florida

    Lets see. We have a president that doesn't have a clue haow to create a job nor does he want to. He wants everyone to be unemployeed or under employeed so he can further his statist agenda. We have the highest corp. tax rate inthe world second only to France. Obama is ahead in the polls. What not to be optimistic about. We're all doomed

    August 8, 2012 at 4:13 pm |
  86. Think for yourself in Ok

    Less confident. Obama is destroying every sector of our economy. He is loading the system according to the Cloward-Piven Strategy for destroying a capitalist society. God Help Us.

    August 8, 2012 at 4:14 pm |
  87. WR Jones, NPR, FL

    In 2007 six months before the election the economy crashed just in time for Obama to get elected, some think this was just a coincidence, and I have a bridge for sale to those who do... so this time around I'm concerned the economy may again get election year syndrome and take dive for the worse just in time for another to get the President's job.

    August 8, 2012 at 4:14 pm |
  88. Larry from Kansas


    Worse! Since the backbiting, refusal to compromise, unscrupulous attacks on each other by both parties has only gotten worse, the economy is on the back burner. Both parties need a DNA transplant with Ronald Reagan blood.

    Larry from Kansas

    August 8, 2012 at 4:16 pm |
  89. Stephanie in Seattle

    The only thing that makes me somewhat hopeful is that obama may be gone soon. However, I'd sure like to hear more details about Romney's plans. He clearly has the credentials to turn things around but I wish he'd raise the bar on obama's jr high campaign and start addressing the issues. We know obama cannot so there's no use in waiting for him to do so.

    August 8, 2012 at 4:17 pm |
  90. don smotzer

    we are done. You and Wolf will have to work at CNN until you die.

    August 8, 2012 at 4:20 pm |
  91. JC in PA

    The economy for me is just fine. Just read the turmoil, flow with the hype, doomsayers, etc...
    It's been a great year, great returns... you just have to understand the greed,lies, deciet the hype, etc... I hope it stays like this and I am pretty sure this is the new norm. Turmoil is great for making money !

    August 8, 2012 at 4:20 pm |
  92. Keith

    I am more confident jobs are being created maybe not as fast as we would like but they are coming and the housing market is getting stronger. My concern for the future is which candidate is serious about education because this will help in the long run to make up more competitive in the world.

    August 8, 2012 at 4:20 pm |
  93. jen de Rosa

    I have Much Confidence In President Obama To Handle the Economy But I Have No Confidence With This Do Nothing Congress....

    August 8, 2012 at 4:20 pm |
  94. Fernando

    Im less confident in the economy. When it comes to the economy obama doesnt have a clue what to do. Im confident that obama may be packing his bags in january. Good riddance.

    August 8, 2012 at 4:22 pm |
  95. Linda777

    Contrary to what all the talking heads are saying come 2012 we can be in a full blown depression as far as I'm concern and I will still vote for Obama! Because Palin-2 Mitt Romney is just not an Options and neither is the Republican Party not this time around!

    August 8, 2012 at 4:22 pm |
  96. Maggie

    ARE YOU KIDDING ME OF COURSE WE ARE BETTER OFF NOW .We were near into a depress/recession with Bush / Go to the malls people are spending things are picking up give President Obama a break ans some credit he helped the car industry he regulated wall street please !! give him some creidt on your show

    August 8, 2012 at 4:23 pm |
  97. Robert Scott

    Less, I'm worried that some other joker may win

    August 8, 2012 at 4:23 pm |
  98. pepij

    I am more confident even though the GOP congress is blocking anything thats has to do with the recovery of our economy. Helps us if Mitt gets in with all these voter ID laws to block the vote. GOP means DOOM!!!!!

    August 8, 2012 at 4:23 pm |
  99. Jay D. Stephens

    In spite of the inability of Congress, specifically the filibuster-riddled Senate, to get anything to the President's desk, and the Federal Reserve's unwillingness to take significant countercyclical measures, the economy seems to be coming back. At the very least, the stock market is back on its feet, Wall Street is bigger than ever, and most large corporations are profitable again. Hey Congress! Can the working-class get in on some of that, too?

    August 8, 2012 at 4:23 pm |
  100. ocsmartguy

    Why can you not stop talking about the Baby Boomers.....the spoiled generation. What happened the Generation X that have already had to cash out any retirement they had, and the Millenniums that may never even accrue retirement. Who cares what the Baby Boomers think. They should all retire and stop ruining this Country.

    August 8, 2012 at 4:23 pm |
  101. Bob in Dallas

    At 62, my confidence in my economic future is reflected in the movie titles " No Country for Old Men " and " They Shoot Horses, Don't They? "

    August 8, 2012 at 4:23 pm |
  102. Jo

    We end up with the same thing on matter who you vote for, so why bother with voting. The financial system is broken,the Ed system is broken,the health care system is broken so what left america is broken. So by all means go vote for the same bunch dem or rep does'nt really matter

    August 8, 2012 at 4:24 pm |
  103. Ann from Charleston SC

    I have confidence in our economy because I think my expectations are realistic. As long as we don't revert back to Republican policies, we are okay. If we do, we wil trickle ourselves into another recession.

    August 8, 2012 at 4:24 pm |
  104. Joe Ganem, Long Beach, CA

    I'm more confident because not even the big banks, that have been artificially restraining the economy by refusing to loan to small business to keep the economy sluggish and defeat Obama, will be able to hold out another four years. They'll start lending their stashes of cash, businesses will meet the pent up demand and people will get jobs. Obama had a bad economy handed to him, we've survived the worst of it. Things will start moving again after November.

    August 8, 2012 at 4:24 pm |
  105. Chris in St Petersburg, FL

    Well as far as the U.S. economy goes I am much less confident and when the fiscal cliff comes in January 2013, the low and middle class person will fall off the cliff so I am making my parachute to get ready for the fiscal cliff.

    August 8, 2012 at 4:24 pm |
  106. Fernando

    The upcoming election has nothing to do with the economy. Politics in the US is merely theater, window dressing. The corporations, special interests and financial power-brokers are the ones running the show. Regardless of whether we vote for one candidate or the other, for one party or the other,the situation for John Q. Public will not change. When Eisenhower warned America about the possible rule of our system by a military-industrial complex he was on the right track. He could not have possibly foreseen back then just how corrupt the system would become. Jack, to put it bluntly, it doesn't matter who wins or who loses – we're all screwed.

    August 8, 2012 at 4:24 pm |
  107. Nina Fox

    Confident about our economy? Are you kidding me. I am 65 with stage 4 breast cancer metastasis to several organs and Still working full time for fear of being homeless . Looking right now for a country to invest in, as I certainly do not trust our politicians and the elite 1% class who continues to suck the life out of this country. I will NOT go down with the ship.

    So. California

    August 8, 2012 at 4:25 pm |
  108. Jennifer M in Winnipeg

    The Dow is turning around nicely = more confidence
    The rest of the world going to rat doodoo = less confidence
    None of which is Obama's doing, or not doing.
    But I still think he deserves a second kick at the can.

    August 8, 2012 at 4:25 pm |
  109. Anthony from Swedesboro

    Let's get real here Jack. All the blame is laid on Congress's lap. They sat on their hands for four years to make Obama look ineffective. They are now poised to reclaim the White House because they made sure Obama appeared impotent. It's all smoke and mirrors and the voters are lost in this fun house. It's a vendetta that took years in the making and the GOP is ready to pop the corks. It's so transparent, my nine year old gets it!

    August 8, 2012 at 4:25 pm |
  110. s in fl

    Much more confident now that Pew shows Romney losing ground and 10 pts behind. If he were to be elected we could pretty much write off the economic future of this country. For a generation anyway. We're all tired of getting trickled on by the GOP policies. Time to shut down the Monopoly games and get back to building our country.

    August 8, 2012 at 4:25 pm |
  111. JC in PA

    Very Optomistic! I saw Romney managed to stow away $100 million into an IRA somehow. After he is President if he will let us in on the little secret of how that is even possible we should all be riding high. 😉

    August 8, 2012 at 4:26 pm |
  112. Cee.La

    Why should i worry,Congress is'nt! They could do more, but they want to see this president fail......Romney is not a magician, he is a millionare, ??? gazillionaire????? billionaire???? he is the only one who knows and he aint tellin....

    August 8, 2012 at 4:26 pm |
  113. bill

    the economy is fine, what is wrong, we allowed our companies to send work overseas, we used our credit cards way to much, and we allowed the banks to rape us with there high interest rates, and then we bailed them out, where did all that money go to. bonus to top executives. Now our congress wants to cut social security!
    maybe we should cut congress to 2 congressmen or women per state. that will resolve some money issues. and get some work done.

    August 8, 2012 at 4:27 pm |
  114. Rita Fort Collins CO

    I have faith in the economy. What I don't have faith in are the ignorant people who don't see that the problem lies with tea party Republicans who block everything from progressing faster. I want the regular Republicans back in Congress. They were reasonable people who knew how to govern. These clowns don't have a clue. Since when is infrastructure a bad thing. Just a good example of the stupidity that exists in our current representatives.

    August 8, 2012 at 4:27 pm |
  115. Aaron Lattanzi

    It's not a good prognosis. Unemployment above 8% since he took office, not accounting for those who stopped looking. Meanwhile the deficit continues to grow, and businesses are faced with crippling uncertainty as the fiscal cliff and tax debacle looms closer. Yes, there still has been job growth each month. I don't kid myself in thinking that the alternative, a Romney presidency, would be the magic fix we desperately need. But after looking at the last 4 years, one thing is clear: this economic recovery has been a recovery in name only.

    August 8, 2012 at 4:28 pm |
  116. Alann Green

    I believe that the economy will only improve when the GOP gets back to work for the benefit of the American people. What are we paying them for? We are paying them to halt progress. Thery have no regard for the American people!

    August 8, 2012 at 4:29 pm |
  117. cozyfooddude

    Baby Boomer, out of work, home in foreclosure, and blame all that on George Bush, and am confident that four more years of Bush under a Romney presidency will just make a bad situation worse. Am also confident that another two years with Republicans in control of the House of Representatives will see worse gridlock than we have now which is why I am confident that this independent Baby Boomer is voting a straight Democratic ticket this fall.

    August 8, 2012 at 4:29 pm |
  118. Jake in Omaha

    As the election gets closer, are you more or less confident in the U.S. economy?

    Fear not President Romney will have in another war on day one of this presidency. He will also sign an executive order demanding full employment in 30 days. I can see it now the whole countrty will hold hands and sing it's a wonderful world thanks to the leadership skills of this robber baron.

    August 8, 2012 at 4:29 pm |
  119. Michael S.

    Why would anyone not be confident in an economy in which 2.5 billion dollars is invested in a whole new world, rather than the one we currently live in?

    August 8, 2012 at 4:29 pm |
  120. cebundy

    I am 55 and I am scared of the economy under Romney. My house is gone, lost it in the tech crash. My 401K dried up and blew away under Bush. My husband has severe health issues that only promise to get worse. And I am in the age group that will suffered the most when republicans steal our social security and kill our medicare. We are the first group that they plan to "let die". All the benefits that I paid for all of my life will be misappropriate by the republicans.

    I don't see voluntary retirement in my future, but I do see being let go due to age discrimination. After working all of my life, pulling myself and my family up by my bootstraps, all I see in the future in the republican abject poverty and misery.

    August 8, 2012 at 4:29 pm |
  121. Rhonda

    Jack, I think if the Republicans had not broken historical records in the amount of filibusters they inflicted on us we would have added any more jobs.

    I believe Obama has tried and is trying. The Republicans said their #1 priority to to prevent him from a second term. A healthy economy is not the way to fulfill that goal.

    These are not times to ask that old question of "are you better off.". This is a time to ask who is willing to derail our progress for their own gain and would we be better off without them!?

    August 8, 2012 at 4:30 pm |
  122. Claire M., Fullerton CA

    I find it interesting that the media says this poll "isn't good news for Obama" – why aren't you saying this poll "isn't good news for Congress"? I see a President doing all he can for me, a community college professor whose income has been cut almost in half by this economy. Yet I see the lawmakers caving to millionaires, puffing their fire of morality over pointless topics, and callously disregarding everyday men and women, especially us baby boomers, in the name of power, ego and ignorance. I'm an Army mom too, with a son serving in Afghanistan – what education and job will he have when he returns? When will the fear and war mongers get it? After Rome collapses?

    August 8, 2012 at 4:31 pm |
  123. Gigi Oregon

    Yes I am. Low interest. Since the quality of Capitalist products built overseas we are not buying new. The economy was given to us by the Republican parties building up the capitalist at the expense of Jobs over seas, fraud in the banking and mortgage lenders, tax cuts for the rich etc. The clean up will take years....Can't wait till the bonds Bush hid the war debt (in the wrong country) with come due for our grand kids....

    August 8, 2012 at 4:34 pm |
  124. Andrew L. Gelberg

    Let's get this straight. The Republican plan is working, block every Obama economic/jobs bill and keep America UNCERTAIN. Mission: destroy Obama and the economy for political gain.

    August 8, 2012 at 4:35 pm |
  125. Ralph Nelson

    More confident. If Obama wins, Democrats regain House, hold Senate, Europeans stimulate their economies, drastic "off the cliff" cuts spread-out and delayed, big five banks busted up, use of middle class taxes to subsidize movement of American factories to China stopped...things will dramatically improve. Tea Party wins? Go jump off a skyscraper.

    August 8, 2012 at 4:37 pm |
  126. Karen

    I think that the Republican Party has tried to do everything it could to block every bill, fillibuster to make things worse for our country and President Obama. 4 years ago our country was falling apart because of the credit default swaps that the banks participated in – gambling with the entire countries money. This was on President Bush's watch. Also on Bush's watch only 2 million new jobs created....Why don't you bring that up on CNN? That Pres. Obama has created 4.2 Billion jobs in 3 1/2 years and Bush only created 2 million in 8. Why don't you at CNN bring up the fact that Bush had 2- trillion dollar tax breaks for the wealthy and it did not create job, what makes you think it will now? Romney is wrong!
    Yes, we are better off – because Bin Ladin is dead, the boys are coming home. We have a good healthcare policy now! It is getting better as long as Mitt doesn't get his Mittens on the Presidency!!!

    August 8, 2012 at 4:37 pm |
  127. Carl in Ohio

    James Carville said it best: “It’s the economy, Stupid”.
    Until we get back the jobs we have given away to other countries and get back to the business of actually manufacturing things like TV’s, Washing Machines, and Cell phones, the economy has little hope of making a good, honest rebound. Until that happens, the hope of people actually living in the countless homes that have been foreclosed on is pretty meager.
    I suspect that the winner of the upcoming election will have the dubious honor of winning the election with the worst voter turnout in US history, taking the honor away from Calvin Coolidge in 1924.

    August 8, 2012 at 4:39 pm |
  128. Roy Birdzell

    None. We have the highest corporate tax in the industrial global world, most burdensome regulatory regulations and compliance reporting, restrictive Union work rules for those industries that have Unions, and most seriously, over one trillion dollars in outstanding student loans, but no one capable of fulfilling over three million job openings.
    Jacksonville, FL

    August 8, 2012 at 4:39 pm |
  129. r thomas

    yes im more confident in the economyif obama wins . unemployment has been steady but jobs are being gained not loss the dow is up,double from 2008, obama whats to lower taxes for me romney we really dont know yet what his plan is on anything, if americans realize it took 8 years to wreck the economy it will probaly take double that to get out of it.

    August 8, 2012 at 4:42 pm |
  130. Howard from Warrenton, MO

    I have to have faith in my country, it's the one I served twenty years to defend, just as I believe in my God as He is the one I've had faith in my whole life. I have to have faith that there will be a better economy for what could be the alternative but complete anarchy and chaos? It may be the economy will become some sort of barter system as of old times or a system where money becomes meaningless. As it stands right now, there may be no gold in Ft. Knox but the country must have something of value somewhere that can be sold. The problem with that may become that no citizen of the US who is not currently wealthy could buy any of it. With that in mind, I will continue to hoard beans, bullets, bandages and bottled water.

    August 8, 2012 at 4:42 pm |