Americans Have The Recession Blues

Posted March 15, 2008 at 11:47am

The number of Americans who believe the American economy is getting worse is at the highest point recorded by the Gallup Daily tracking poll – 85 percent. Just 16 percent rate the economy as excellent or good, the lowest number this year. The March 12-14 poll comes as Martin Feldstein, president of the National Bureau of Economic Research, said yesterday that recession is here. “The situation is bad, it’s getting worse, and the risks are that the situation could be very bad,” said Feldstein whose group is considered the “official word” on economic cycles, reports the Boston Globe. Business Week has a piece out, “Recession Time: What Can and Can’t Be Done.”