To: House Democratic Caucus, Reporters, Interested Parties
From: House Democratic Caucus Communications Office
Re: New Polls: Economy is Priority Number One for Americans
With home values dropping, and the costs of health care, home heating oil, and a college education continuing to rise, American families are justifiably uneasy about their ability to make ends meet in a declining economy. Now, new polls from CBS News/ New York Times, CNN, ABC News/Washington Post and Bloomberg/Los Angeles Times find that Americans trust Democrats over Republicans to handle the economy, and rank the economy as the most important issue facing the country. Recent poll highlights are included below.
Economy is Priority Number One for Voters. The latest CNN poll, and the latest ABC News/Washington Post poll both found the economy to be the top issue for voters, and the most important issue voters will consider when casting their vote for President. [CNN, 12/11/07; Washington Post, 12/11/07]
Americans Trust Democrats Over Republicans to Handle Economy. In the CBS News/New York Times poll, 49% of the American people said they trust Democrats to ensure a strong economy while only 31% trust Republicans. When Americans were asked which party they trusted to handle the economy by the ABC News/ Washington Post poll, Democrats led by an 18 point margin, 51%- 33%. [CBS News/New York Times , 12/11/07; Washington Post, 12/11/07]. The country also trusts Democrats over Republicans 45%-30% to restart the economy if we fall into a recession, according to the Bloomberg/Los Angeles Times poll. [CNN, 12/11/07; Bloomberg/ Los Angeles Times, 12/4/07]
Americans Believe the Economy is Struggling, and Getting Worse. The latest CBS News/ New York Times poll indicates that 57% of the American people say the state of the national economy is bad and 53% believe the economy is getting worse. Additionally, the latest CNN poll found that 54% of Americans believe the state of the economy is poor or very poor and 49% of Americans believe the economy will be in poor or very poor shape one year from now. [CBS News/New York Times , 12/11/07; CNN, 12/11/07]
Americans See High Energy Prices As Economic Threat. When asked by the Bloomberg/Los Angeles Times poll to choose the greatest threat to the economy, more than one-third of Americans selected high energy prices. [Bloomberg/Los Angeles Times , 12/4/07]
Majority Believe America is Already in Recession, Count on Democrats to Revive Economy. According to CNN, 57% of Americans believe the country is in a recession and an additional 26% believe a recession is likely in the next year.
Overwhelming Majority Disapproves of Bush's Handling of Economy. The CBS News/New York Times poll found that despite all the White House talk about fiscal responsibility, only 26% of Americans approve of the way President Bush is handling the economy while 64% disapprove. The latest ABC News/Washington Post poll found that 63% of Americans disapprove of Bush's handling of the economy an all-time high for this poll. [CBS News/New York Times , 12/11/07; Washington Post, 12/11/07]