Tags: economy | crash | concern | poll

Poll: 72 Percent Fear Economic Crash, Concern 'Highest Ever'

By    |   Saturday, 27 June 2015 02:58 PM EDT

Republican pollster Ed Goeas warns that 72 percent of Americans fear an economic crash in on the horizon and that concern of such a catastrophe is the highest he can ever recall.

"Concern over the economy is the highest I've ever seen," Goeas told the Republican public policy organization Ripon Society, the Washington Examiner reported.

Exit polls from the 2012 and 2008 state primaries and caucuses support such claims, the Examiner reported. The candidate who was considered by voters to be best on economic issues usually won that state's contest, the Examiner reported.

As for the 2016 presidential contest and the ever-growing GOP, there is a lesson to be learned from the recent past.

"Republicans need to get into the game on better turf and that means talking in specifics about how we will bring the economy back and help create the jobs that go with real recovery," pollster David Winston told the Examiner.

"In 2012, if the candidate was winning the economy, they were the winner in 19 out of 20 primaries/caucuses. In 2008, if the candidate was winning the economy, they won 25 out of 26," he said in an analysis for the Examiner.

Goeas said keeping the focus on the economy is crucial for a Republican victory.

"The middle class is our target. The middle class is, by definition, 70 percent of the electorate," he told the Ripon conference, the Examiner reported.

"When we talk about the African American vote and when we talk about the Hispanic vote, the key to winning these votes is not approaching them as Hispanics or African Americans, but rather approaching them as middle class voters — as hardworking taxpayers," the Examiner reported him as saying.

Two other prominent financial experts also recently have warned about an impending market crash.

The economy has been in recovery mode since June 2009, and the S&P 500 has tripled since March 2009. But, "we have had economic slowdowns every four to seven years since the beginning of the Republic," warns international investor Jim Rogers, chairman of Rogers Holdings.

Rogers thinks the stock market is headed for a major slide as the Federal Reserve begins to curtail its massive easing program. "This is the first time in recorded history that all the major world’s central banks are printing staggering amounts of money," Rogers told MarketWatch.

"Now the world has this huge artificial ocean of liquidity. The people getting the money are having a wonderful time. But when it ends, it will be very nasty. The idea that the solution to too much debt is more debt is mind-boggling," he said.

"We’re overdue for another problem. When this artificial sea of liquidity ends, we’re going to pay a terrible price."

Mutual fund manager John Hussman, president of Hussman Investment Trust, also sees financial storm clouds on the economy's horizon.

"The financial markets are establishing an extreme that we expect investors will remember for the remainder of history, joining other memorable peers that include 1906, 1929, 1937, 1966, 1972, 2000 and 2007," he wrote in his weekly commentary.

"The failure to recognize this moment as historic is largely because investors have been urged to believe things that aren’t true, have never been true, and can be demonstrated to be untrue across a century of history."

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StreetTalk
Republican pollster Ed Goeas warns that 72 percent of Americans fear an economic crash in on the horizon and that concern of such a catastrophe is the highest he can ever recall.
economy, crash, concern, poll
568
2015-58-27
Saturday, 27 June 2015 02:58 PM
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