Obama Economic Recovery: 29% of Americans Say We are in a Depression in 2011

Thank you, President Barack Obama …

According to a recent April 2011 Gallup poll, 29% of Americans believe we are in an economic depression. When will Obama learn that perception means everything and the American people think that the economy is a catastrophe. Not only do 29% believe we are in a depression, but another 26% believe the economy is in a recession. What does this mean? Barack Obama’s minions and the state run media have failed to spin the economic recovery. As reported at the IB Times, is it a fake recovery and have Americans lost faith in the economy?

Are the American people losing faith in the U.S. economy? The statistics that you are about to read might surprise you. Not everyone believes that the U.S. economy is dying (there are still millions out there that will swallow anything that the mainstream media tells them), but the reality is that there is a growing chunk of the population that has completely lost faith in our leaders and in our economic system. A brand new Gallup poll has found that the number of Americans that believe that we are in a “depression” is actually larger than the number of Americans that believe that the economy is “growing”.

This is Barack Obama’s worst nightmare in a reelection bid in 2011. Keep in mind that Obama’s job approval numbers are below 50%, which is a negative indicator for any incumbent. Obama’s handling of the economy is even worse. The price of gas continues to rise to the $5 and $6 a gallon mark which will only further cause “The One’s” poll numbers to slide. Making matters even worse for Obama is that 67.5% of Americans believe the country is on the wrong track.