CNN POLL:48% say that a Great DEPRESSION to occur WITHIN a YEAR

Posted on June 10, 2011


The story below was run by CNN of June 8th 2011. The headline of the story was-CNN Poll: Obama approval rating drops as fears of depression rise.

Buried in the second part of the the story was the story that almost half the people polled feel a great DEPRESSION is coming within a year.I didn’t hear much about this story. Why Not? 48% of Americans feel a Derpresion is coming very soon and that is not a BIG, Big story. THis is very startling to me.SHAW

CNN….48%-Forty-eight percent say that another Great Depression is likely to occur in the next year – the highest that figure has ever reached. The survey also indicates that just under half live in a household where someone has lost a job or are worried that unemployment may hit them in the near future. The poll was conducted starting Friday, when the Labor Department reported that the nation’s jobless rate edged up to 9.1 percent.

“The poll reminded respondents that during the Depression in the 1930s, roughly one in four workers were unemployed, banks failed, and millions of Americans were homeless or unable to feed their families,” says Holland. “And even with that reminder, nearly half said that another depression was likely in the next 12 months. That’s not just economic pessimism – that’s economic fatalism.”

According to the survey, more than eight in ten Americans say that the economy is in poor shape, a number that has stubbornly remained at that level since March.

Not surprisingly, with that much economic angst, the economy is the number one issue, the only one that more than half of the public says will be extremely important to their vote for president next year. Nearly all issues that at least four in ten say will be extremely important to their vote are domestic issues.

Terrorism also makes that list, but Afghanistan is fairly low and Libya is tied for dead last out of the 15 issues tested.  Abortion and gay marriage also rank very low, indicating that 2012 may be an election that is shaped more by bread-and-butter issues than social and moral concerns.

The CNN/Opinion Research Corporation poll was conducted June 3-7, with 1,015 adult Americans questioned by telephone. The survey’s.  The survey’s overall sampling error is plus or minus three percentage points.

– CNN Deputy Political Director Paul Steinhauser contributed to this report.