That sinking feeling

The tipping point may finally have been reached. According to the newest USA Today/Gallup poll, more Americans now hold Barack Obama responsible for the lousy econonmy than his predecessor: Eight of 10 say the economy is in a recession, and nearly as many say it hasn't improved over the past year. Even more ominous: Six in 10 predict the economy a year from now will be the same or worse than today, a downturn from the public's views last year and the year before. That gloomy outlook, economists say, can become a self-fulfilling prophesy. [...] Former president George W. Bush deserves a great deal of blame, 36% say, a decline of 7 percentage points since mid-2009, five months after he had left office. Twenty-four percent say Obama deserves a great deal of the blame, up 10 points since 2009. For the first time since he took office, a majority of Americans - including six in 10 independents - say he deserves a great deal or moderate amount of blame for the nation's economic woes. "The...(Read Full Post)