To: Neeka who wrote (277275 ) 7/18/2002 10:13:40 AM From: bonnuss_in_austin Respond to of 769670 Poll Suggests Concern About Economy Chipping Away at Bush's Supporttruthout.org Poll Suggests Concern About Economy Chipping Away at Bush's Support By Will Lester Associated Press | Boston Globe Monday, 15 July, 2002 WASHINGTON (AP) Concern about the economy may be chipping away at the public's perception that the country is going in the right direction and at political support for President Bush. The Ipsos-Reid tracking poll of political and economic attitudes suggests a growing number of people think the country is on the wrong track. Over the past month, not quite half, 49 percent, said they think the country is headed in the right direction and 44 percent said the wrong direction. During interviews last weekend, more actually said wrong direction, by a 49-45 margin, the first time that has happened this year in the poll done for the Cook Political Report. In polls during the winter, people chose right direction by almost a 2-to-1 margin. Meanwhile, the number who say they would definitely vote to re-elect Bush has dipped to 45 percent, compared with 54 percent who said so during the winter. Almost three in 10 29 percent said they would consider voting for someone else, and about a quarter 23 percent said they definitely would. ''What we've found in this poll is that the business bad news has begun to give people concern about the direction the country is taking, and the lever people have to force a change in direction is politics,'' said Thomas Riehle, president of Ipsos-Reid Public Affairs. ''It's a negative development for the Republicans.'' The poll indicated the president still has a robust job approval rating, 70 percent, though that is down from the high 70s during the winter in this poll. The number in the poll who said they expect the economy to get stronger in the next six months was 30 percent, down from 41 percent in the winter. The tracking poll of 2,001 adults taken over the past month has an error margin of plus or minus 2 percentage points, slightly higher for registered voters. The stock market has been having more of an effect on the financial outlook of the average American over the past few years than at any other time in the past two decades, according to an analysis by the Pew Research Center for the People & the Press. In the early to mid 1990s, month-to-month changes in the Dow Jones Industrial Average had little connection to shifts in consumer sentiment as measured by the University of Michigan. But as the stock market boom peaked at the end of the decade, about a fifth of the change in consumer confidence could be attributed to movement in the stock market, according to the Pew analysis. This increased connection comes as more American households are invested in the stock market in some form from individual stocks to retirement plans like 401(k) accounts. Almost half now have holdings on Wall Street. That growth has come at the same time that Wall Street news coverage has grown, according to the Pew survey. (In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.) Print This Story E-mail This Story © : t r u t h o u t 2002 | t r u t h o u t | forum | issues | editorial | letters | donate | contact | | voting rights | environment | budget | children | politics | indigenous survival | energy | | defense | health | economy | human rights | labor | trade | women | reform | global |