Democrats More Optimistic About Economy

Tuesday, 11 Sep 2012 05:18 PM

By Todd Beamon

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With the presidential election less than two months away, Republican and Democratic views on economic news are just as divergent as their respective candidates’ positions, a new survey by the Pew Research Center for the People & the Press has found.

The survey of 1,012 adults conducted Sept. 7-9 found that 60 percent of Republicans say news about the economy in the last month is mostly bad, as do 36 percent of independents. The findings are largely unchanged from a month ago.

But just 15 percent of Democrats say recent economic news is mostly bad, down from 31 percent a month ago and among the lowest percentages over the last four years.

Among the public generally, 58 percent say they are hearing a mix of good and bad news about the economy, while 35 percent say they are hearing mostly bad news and 6 percent mostly good news, the Pew survey found.
After climbing upward throughout the spring and summer months, the share of Americans saying the economic news they are hearing is mostly bad fell 6 points since last month, from 41 to 35 percent.

But news about gas prices has many people troubled, as the percentage reported hearing mostly bad news about gas prices more than doubled since July, to 75 percent from 58 percent a month ago and just 31 percent in July.
And public perceptions of news about jobs remain negative, though not more so than in recent months, the survey found.

About half – 52 percent – say reported hearing mostly bad news about the job situation, about the same number since June. In March, just 38 percent said the news about jobs was mostly bad, Pew reports.

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