Vox populi, vox debita

Posted by Joe Rennison on Jun 22 16:21. 2 comments | Share

There’s a great Bloomberg survey of American voters on the economy out on Wednesday, with the results throwing up some striking stuff pre-FOMC.

Bloomberg’s reckons it’s all a deeply gloomy perspective on the recovery. More…

There’s a great Bloomberg survey of American voters on the economy out on Wednesday, with the results throwing up some striking stuff pre-FOMC.

Bloomberg’s reckons it’s all a deeply gloomy perspective on the recovery. Forty-four per cent of Americans polled think they’re worse off under President Obama, fully half believe their children will be even worse-off:

Although it’s the American public’s predictions on joblessness that are really arresting. At first FT Alphaville thought it was mysteriously optimistic for a significant chunk of those polled to believe that unemployment will halve in around three to five years, given the above:

But well, hang on, if we count from 2007 then it actually looks like 70 per cent of Americans (a solid consensus) believe we’re well on course for a lost decade.

And finally, 1 in 5 Americans don’t think it will be too problematic if the US Government defaults on its obligations on its debt.

Only 1 in 5 think the removal of the world’s number one supplier of AAA-rated assets would be a catastrophe.

Well, what can we say?

Related links:
Laika the space dog wins the future – Rortybomb
The deficit in public opinion – FT Alphaville

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