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What They Told Us: Reviewing Last Week’s Key Polls -- For The Week Ending July 28, 2012

Saturday, July 28, 2012

During this past week, Mitt Romney opened his biggest lead in over a month over President Obama. During the same week, consumer confidence fell to the lowest level of 2012.  It’s no coincidence that they happened during the same week.

Long-term optimism about the U.S. Economy Fell to a new low this month. Just 40% believe the economy will be stronger in FIVE years. That’s down from 46% a year ago, 50% two years ago and 58% three years ago.  Most Americans (56%) believe the Housing market will take more than three years to fully recover.

As Scott Rasmussen noted in his weekly newspaper column, “Declining Views of the Economy Put Obama's Reelection at Risk.”  He added that, for Obama to win, “he will need to improve his own job approval rating between now and Election Day. For that to happen, perceptions of the economy will have to reverse their current downward trend.”

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