'RATSmack 2012 - 48% Say 'RAT Depression Will Strike America!



http://www.moneynews.com/StreetTalk/us-economy-CNN-Poll/2011/06/08/id/399332

CNN Poll: 48% Say Depression Will Strike America
Wednesday, 08 Jun 2011

A CNN poll shows 48 percent of Americans feel the U.S. economy is
headed for an all-out depression within a year while an equal
percentage say they approve of President Barack Obama's handling of
the economy.

Support for the president among independent and Democratic voters is
dropping slightly, but those identifying themselves as Republicans who
supported the president anyway are bolting to the disapproval camp.

"Far and away his biggest drop has come among Republicans. In May,
over a quarter approved of President Obama's handling of his job, but
that is down to 14 percent now," says CNN Polling Director Keating
Holland, according to the CNN.

Support for the president spiked a bit after terrorist mastermind
Osama bin Laden's death.

The number of those fearing a depression is brewing ? 48 percent ? is
the highest that figure has ever reached.

"The poll reminded respondents that during the Depression in the
1930s, roughly one in four workers were unemployed, banks failed, and
millions of Americans were homeless or unable to feed their families,"
says Holland.

"And even with that reminder, nearly half said that another depression
was likely in the next 12 months. That's not just economic pessimism ?
that's economic fatalism."

Obama has admitted that the weak economic recovery worries him.

"I am concerned about the fact that the recovery that we're on is not
producing jobs as quickly as I want it to happen," Obama says,
according to the Associated Press.

"We don't yet know whether this is a one-month episode or a longer
trend."


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