Economic Perception Datapoint of the Day

From yesterday’s PA exit poll:

Is National Economy in a Recession?
Yes: 88%
No: 11%
National Economic Conditions:
Slowing Down: 11%
Moderate Recession: 47%
Serious Recession: 42%

Remarkably, every group listed above voted for Hillary by a 54-46 margin. In other words, your perception of how well the economy is doing had zero relevance on how you voted.
But I am amazed that 42% of Keystone Staters think we’re in a serious recession. We certainly could be heading towards one, but it’s way too early to make that call. The unemployment rate is barely above 5%. To add some perspective, the unemployment rate for March is lower than every single month (save one) from 1975 to 1996.
Irrational pessimism anyone?

Posted by on April 23rd, 2008 at 9:35 am


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