Percentage Of Americans Who Are Wrong Falls to 75%

Meh - it's an improvement.Most Americans still think the economy is in a recession, but the number who feel that way has declined, according to a CNN/Opinion Research Corporation poll released Monday. In a telephone poll of over 1,000 adult Americans, 75% said they believe the nation is now in a recession. That figure fell from 79% in April. In March 74% believed the U.S was in a recession.The nation's economy, of course, is not receding, but growing. And not only growing, but accelerating. Even before two recent upward revisions to the first quarter growth rate, most economists were predicting we won't see even a hint of economic contraction over the next four quarters.No contraction in 26 quarters (not since the Clinton hangover) + No sign of contraction ahead + Economic growth accelerating in most recent quarter = 75% of... [read full story]