- 28 Nov 2011 15:28
#13840436
Yeah, I know, I'm really late this week. I had a very interesting Thanksgiving vacation. Still, I'm definitely one of the 83% that have a lot to be thankful for this holiday.
Americans are taking a break this week from the cares and woes that have beset them all year. Their economic concerns and political views remain largely unchanged, so perhaps they feel they need to share the upcoming season of joy more than ever.
Eighty-three percent (83%) of American Adults, in fact, say they have a lot to be thankful for this Thanksgiving. Just 12% disagree. Perhaps as a reflection of the continuing bad economy, however, more Americans were planning to have their Thanksgiving dinner at home this year, but nearly half - as usual - figured they’d eat too much at the holiday meal.
Even before the much-hyped Black Friday shopping rush, seven percent (7%) of American Adults said they already have finished their holiday shopping. That’s in keeping with years past.
But some early indicators from Black Friday suggest that it didn’t turn out the way retailers hoped it would. Rasmussen Reports will have numbers early next week that will tell us more how Black Friday went.
One thing to keep in mind: 32% of Americans now owe more money than they did last year, and that ties its all-time high.
The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, is looking slightly better this past week. Consumer confidence so far in November has been consistently higher than in any month since June. It remains to be seen whether this is the start of an improving economic trend or simply a temporary improvement. Still, only eight percent (8%) of consumers rate the U.S. economy as good or excellent. Sixty-four percent (64%) give the nation's economy a poor rating.
The companion Rasmussen Investor Index, which measures daily confidence in that group, shows little change from three months ago. Among investors, seven percent (7%) give economic conditions in the country positive marks, while most (64%) do not.
Confidence in the short- and long-term housing market remains at or near all-time lows. Only 12% of U.S. homeowners now expect the value of their home to go up over the next year, just above the record low of 11% reached in July. In surveys for over two years prior to that time, the number who expected their home values to rise during the next year remained largely in the low to mid 20s.
The number of American homeowners who owe more on their mortgage than their home is worth is again at an all-time high of 37%.
The continuing problems in the housing market appear to be redefining the American Dream as well. For the sixth consecutive month, fewer than half of Americans say buying a home is a family’s best investment. An overwhelming majority continues to advise against selling a home in their area.
Voters are more skeptical than ever that they’ll get any short-term relief from Washington, D.C. The congressional super committee tasked with finding over a trillion dollars in deficit reduction gave up this past week without an agreement, but then voters expected that all along. Most now believe overwhelmingly that President Obama and Republicans in Congress are unlikely to reach any agreement to make major cuts in government spending prior to next year’s elections.
Social Security is one of the key topics on the deficit-reduction bargaining table. Right now, most voters continue to feel they are unlikely to receive their full Social Security benefits when they retire but still give the federal retirement program generally favorable marks.
Not that congressional action always necessarily makes a difference. Americans believe more strongly than ever that most of the government bailout money for the financial industry went to those who caused the economic meltdown and that the government hasn’t tried hard enough to bring Wall Street criminals to justice.
One thing you can sure we’ll be watching is the dynamic between former Massachusetts Governor Mitt Romney, the longtime front-runner in the Republican presidential race, and rising challenger Newt Gingrich.
A generic Republican candidate again runs slightly ahead of the president nationally, but Obama now leads all his named opponents. He’s opened up a six-point lead over Romney in a hypothetical Election 2012 matchup. This is the widest gap between the two men since mid-August. They’ve been running neck-and-neck for weeks now.
Gingrich, on the other hand, still trails the president 46% to 40%, but this is his highest level of support yet in a hypothetical Election 2012 matchup with Obama. Just over a week prior to this survey, the president held a 12-point lead over the former House speaker.
In the crucial state of Florida, Romney holds a slight 46% to 42% lead over the president while Gingrich is slightly behind
The president earns much lower job approval ratings among those who own a home or live in a household where someone owns a gun than he does among all voters nationally. He earns much higher marks among those who don’t own a house or don’t have a gun in the home.
For the second week in a row, Democrats and Republicans are essentially tied on the Generic Congressional Ballot. The previous week, for the first time in nearly two-and-a-half years, Democrats and Republicans earned the same amount of support - 41% each. Republicans had been leading on the ballot every week since June 2009.
In other surveys last week:
-- Most U.S. voters don’t view the political changes in countries like Egypt during this year’s so-called Arab Spring as good for the United States, and even fewer expect any of those countries to become U.S. allies.
-- Most voters support the building of the controversial Keystone XL oil pipeline from Canada to Texas and believe it can be built without harming the environment. Still, the numbers should be interpreted with some caution since voters are giving only limited attention to the Keystone XL debate thus far.
-- Most Florida voters are unhappy with the job Rick Scott is doing as his first year as governor of Florida winds down.
Society cannot exist, unless a controlling power upon will and appetite be placed somewhere; and the less of it there is within, the more there must be without.
—Edmund Burke
—Edmund Burke