Thursday, November 6, 2014

Economic Fears Drive the Electorate

One of the reasons for the stunning reversals we saw all over the country on Election Day is that Americans still perceive this economy as weak. Despite the fact that the unemployment rate has been dropping, and the GDP numbers have been strong, the country remains very uncertain about the future of the economy.

According to the Wall Street Journal, roughly the same percentage of voters - 32 percent - see this economy getting worse as those who see it getting better (33 percent). When asked the top issue that concerned them this election, 45 percent of voters said the economy, far ahead of the second place issue, health care, at 25 percent.

Four out of five voters said they were either “very worried” or “somewhat worried” about the direction of the economy in the coming year. Roughly 70 percent said the economy was “not so good” or “poor"; just 1 percent said it was "excellent."

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