A survey released Thursday showed 28 percent approve of the overall job Bush is doing. That was statistically tied with his previous low in the poll of 30 percent last month and in February.Sadly, Bush is taking us down with him:
Only 27 percent are happy with his job on the economy, which threatens to enter a recession and which many national surveys show is voters' top worry. That was worse than his previous low of 29 percent approval for handling the economy set in February, and down 4 percentage points from last month.
Confidence among U.S. consumers sank to a 26-year low in April as the labor market continued to deteriorate and gasoline prices rose.Oh, yeah, one more thing - we haven't hit bottom yet.
The Reuters/University of Michigan preliminary index of consumer sentiment decreased to 63.2 from 69.5 in March. The reading was below the lowest forecast in a Bloomberg News survey and the weakest since March 1982.
According to a new Wall Street Journal forecasting survey, by a 3-to-1 ratio, economists say “the economy is in a recession, and almost three-quarters [say] the economy hasn’t yet hit bottom.”