Welcome Guest
( Log In | Register )
The time is now 6:35 am
You last visited January 16, 2017, 5:37 am
All times shown are
Eastern Time (GMT-5:00)

more than 80 percent of americans think we are on the wrong track

Published:

NEW YORK (April 4) - More than 80 percent of Americans believe the country is headed in the wrong direction, the highest such number since the early 1990s, according to a new survey.

The CBS News-New York Times poll released Thursday showed 81 percent of respondents said they believed "things have pretty seriously gotten off on the wrong track." That was up from 69 percent a year ago, and 35 percent in early 2002.

The survey comes as housing turmoil has rocked Wall Street amid an economic downturn. The economy has surpassed the war in Iraq as the dominating issue of the U.S. presidential race, and there is now nearly a national consensus that the United States faces significant problems, the poll found.

A majority of Democrats and Republicans, men and women, residents of cities and rural areas, college graduates and those who finished only high school say the United States is headed in the wrong direction, according to the survey, which was published on The New York Times' Web site.

Seventy-eight percent of respondents said the country was worse off than five years ago; just 4 percent said it was doing better.

The newspaper said Americans are more dissatisfied with the country's direction than at any time since the poll's inception in the early 1990s. Only 21 percent of respondents said the overall economy was in good condition, the lowest such number since late 1992. Two in three people said they believed the economy was already in recession.

Still, the approval rating of President George W. Bush did not change since last summer, with 28 percent of respondents saying they approved of the job he was doing.

The poll also found that Americans blame government officials for the housing crisis more than banks or home buyers and other borrowers. Forty percent of respondents said regulators were mostly to blame, while 28 percent named lenders and 14 percent named borrowers.

Americans favored help for people but not for financial institutions in assessing possible responses to the mortgage crisis. A clear majority said they did not want the government to lend a hand to banks, even if the measures would help limit the depth of a recession.

Respondents were considerably more open to government help for homeowners at risk of foreclosure. Fifty-three percent said they believed the government should help those whose interest rates were rising, while 41 percent said they opposed such a move.

Entry #1,318

Comments

1.
jarasanComment by jarasan - April 4, 2008, 7:25 pm
And the New York Times wonders why their subcriber lists are at an all time low.   The Democrat led congress was supposed to fix everything, their rating is also at an all time low. Another slanted blame govt. and GW poll. When people signed those ARM's they should have read the fine print, this time it is big banking that got greedy and people fell into the trap, a lot of those mortgages were signed and originated in the 90's. This poll is another reason the NYT is going to down and out, they lost their objectivity.

But you know what is really scary is: Hillary wants to have a property czar! Welcome to the cooperative, comrade! If you don't see where this could go you are blind. More govt. control is the last thing we need, regulation of lending practices maybe, but they can't even manage federal lands!

God bless MLK!
2.
four4meComment by four4me - April 5, 2008, 2:06 am
yea but it was ok when Bush said he wanted the government to control and regulate the stock market......... i thought they were already supposed to be doing that.
3.
time*treatComment by time*treat - April 5, 2008, 8:53 am
If people think gov't is the cause of the current problems, why would they also think MORE gov't would be the solution?
4.
JAP69Comment by JAP69 - April 5, 2008, 3:29 pm
This is the run down I heard on radio this afternoon by a money talk host.
The banks were packaging mortgages for sale on the money market. They were grabbed up by investors with the sight of a high return on investment. These mortgage packets were in billions of dollars. Obviously the banks made money on these sales as well as the investors.
The banks needed more mortgages to sell in their packets. So they lowered the criteria for borrowing Which brought in more lower eend borrowers.
These were sold to the market investors.
We know what the final result has been. Losses by the borrowers as well as the banks and investors.
Should the gov't bail them out? A big no.
The borrowers and lenders learned when they get their fingers burnt do not do it again.
Why should taxpayers pay for the stupidity or greedy pockets of others.
When I lose money who the hell bails me out?
5.
Comment by Keystone - April 5, 2008, 4:03 pm
Mike,
keep up the great news posts. I am voting for Hillary Clinton-----Strategic Energy Fund with emphasis on solar/wind/hydrogen, ending of discrimination against those with preexisting conditions in the health care industry, vouchers for the homeless, balanced budget with stronger economy, lower interest rates with moratorium on mortgage foreclosures, and increased port security + protection of nuke plants. Hillary Clinton sponsored the Voting Rights Act of 2005 and the Bridging the Gap for Wounded Warriors Act which ensures veterans receive fair compensation and proper treatment at hospitals like Walter Reed Memorial. I like her 10-point Gulf Coast Recovery Agenda to rebuild New Orleans placing people into permanent housing and rebuilding the infrastructure.
Hillary Clinton, unlike Barack Obama, is a strong leader who will set preconditions in America's best interest before meeting with tyrants like Ahmadinejad of Iran who order executions of women by stoning and chant death to America. While Obama's congregation at Trinity Church of Chicago clapped and cheered the events of 9/11 on 9/16, Hillary Clinton pushed for increased port security inspection from 3% to 100% and protection of nuke plants.

Hillary Clinton 2008
6.
konaneComment by konane - April 5, 2008, 6:22 pm
How thoughtful of Keystone to became a member to make that last post.
7.
Comment by pumpi76 - April 6, 2008, 1:14 am
so am i...
8.
Comment by pumpi76 - April 6, 2008, 1:16 am
more than 80% of Americans think we are on the wrong track....So am i...
9.
justxploringComment by justxploring - April 6, 2008, 5:10 am
Now I'm really confused. In this case I actually agree with time*treat!
I fell as asleep the other night and woke up to Glenn Beck talking to Ron Paul. Was I dreaming? Guess not!!

http://www.youtube.com/watch?v=3i6D_tWetv8
10.
TenajComment by Tenaj - April 22, 2008, 11:21 am
It's not the quantity of government it's the quality.

You must be a Lottery Post member to post comments to a Blog.

Register for a FREE membership, or if you're already a member please Log In.