8:09 p.m., July 28
Pessimism Worst in Two Years, Says Poll
The New York Times/CBS poll said today (April 21) that the nation's economic mood has sunk to its lowest in two years. A full 39% think the economy is getting worse -- 13% higher than a month ago. The percentage saying the economy is getting better is 23, and the same 38. Seventy percent think the nation is on the wrong track and 26% on the right track. On the question of whether sharp budget reduction will create jobs, it's a split; 29% say yes, 29% say slashes would cost jobs, and 27% think there would be no effect. Another split: 59% disapprove of how President Obama is handling the federal budget deficit and 63% disapprove of how Congress is doing.