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Study shows Americans have questions about recovery plan


August 2009 Scranton/Wilkes-Barre/Hazleton edition of The Union News

Study shows Americans have questions about recovery plan


REGION, July 22nd- While main stream media continues to report the economic showdown is improving, a study recently released shows that nearly half of Americans (45 percent) thinks the economy has not yet hit bottom and will worsen.

By comparison, just one in three (32 percent) indicate the American economy is now trending upward, while 20 percent say it is at the bottom right now.

Only 54 percent of American approve of President Obama’s handling of the economy, and 26 percent strongly disapprove of his performance of the economy versus those who strongly approve at 24 percent.

“The recent drop in consumer confidence coupled with the jobless report is evident in these numbers,” said Bill Cullo of Stewart and Partners of Alexandria, Virgina, an research and consulting firm specializing in communications research and strategy development. The group provides research driven insights to help clients make decisions that lead directly to making improvements in their business.

According to the study, a separate question reveals that only 27 percentof Americans expect their own financial situation to be better off one year from now.

Other survey findings reveal that the public is split on whether the President is on the right track (47 percent) or wrong track (42 percent) in expanding the role of government.

In addition, solidifying the country’s credit rating and strengthening the dollar (32 percent) was cited as the most important issue for the President and the Congress to address.

That was chosen from a list of seven issues that included reforming healthcare (26 percent), addressing the North Korea nuclear threat (9 percent), and curbing foreclosures (9 percent). The survey was conducted by using a random digit dial (RDD) sampling method, telephone interviews were conducted among adults at least 18 years old throughout the United States.

“Americans are starting to ask questions about the effectiveness of the taxpayer dollars that have been spent thus far on the stimulus. As a result, the President’s economic plan is at a crossroad,” added Mr. Cullo.

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